Report
Cor Kluis

Ageas : Targets for 2027 realistic, continuing to look for acquisitions, TP up by China

>Conclusion: Targets for 2027 realistic, continuing to look for acquisitions - The three new presented financial targets of the Ageas ‘Elevate27’ plan for 2024-2027 were quite in line with our estimates, so we do not have to make any material changes to our Ageas model estimates. The targets are realistic, and the main uncertainty remains around the dividend upstreaming from China which they did not estimate too material anyway. We expect that Ageas will continue its ...
Underlying
Ageas SA/NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Cor Kluis

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