Ageas : Strong Q4 results by low cost in China, Solvency better by model change
>Conclusion: Q4 China life profit and Solvency well better than expected - The 4Q21 results were clearly better than expected by materially higher China Life profits as a result of not making the high normal Q4 expenses for the preparation of the large sales campaign in Q1, due to the lockdowns in China. The Q4 non-life combined ratio was marginally higher than we expected driven by some extra floods claims in Belgium mitigated by some reserve releases. End 2021 the S...Ageas is an insurance company engaged in providing a range of life and non-life products distributed through a variety of channels. Co. focuses on helping its customers to mitigate risks related to property, casualty, life and pensions. Co. serves its customers through a combination of wholly owned subsidiaries, equity associates and partnerships, with financial institutions and distributors in Belgium, the U.K., Luxembourg, Italy, Portugal, Turkey, France, China, Malaysia, India, Thailand and Hong Kong. Co. is organized into five operating segments: Belgium, U.K., Continental Europe, Asia, and General Account.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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