Regulated information - Ageas reports Q1 2017 result

Ein Mann liest Wirtschaftsnachrichten (Symbolbild). pixabay.com

Marked increase in Insurance net result
Residual impact of regulatory review in the UK

Q1 2017
Net Result	Insurance net result up 11% to EUR 222 million versus EUR 201 million General Account net result of EUR 112 million negative versus EUR 834 million negative Group net result at EUR 110 million versus EUR 633 million negative
Inflows	Group inflows (at 100%) at EUR 12.7 billion, up 14% (including 2% negative foreign exchange impact) Group inflows (Ageas's part) at EUR 4.7 billion, up 3% (including 2% negative foreign exchange impact) Life inflows up 16% to EUR 10.9 billion and Non-Life up 1% at EUR 1.8 billion (both at 100%)
Operating Performance	Combined ratio at 98.3% versus 97.8% Operating Margin Guaranteed at 124 bps versus 103 bps Operating Margin Unit-Linked at 33 bps versus 25 bps Life Technical Liabilities of the consolidated entities at EUR 74.2 billion and stable compared to the end of 2016
Balance Sheet	Shareholders' equity at EUR 9.3 billion or EUR 45.91 per share vs EUR 9.6 billion or EUR 46.56 per share end 2016 Insurance Solvency II_ageas ratio at 177% and Group Solvency II_ageas ratio at 186% General Account Total Liquid Assets at EUR 1.8 billion versus EUR 1.9 billion at the end of 2016

Belgium	Sustained solid operating performance and capital gains led to substantial profit growth
UK	Residual impact related to the regulatory discount rate review
Continental Europe	Solid results in both Life and Non-Life
Asia	Sustainablel increase in net result thanks to continued growth in high quality regular premium products

All Q1 2017 figures are compared to the Q1 2016 figures unless otherwise stated.

Ageas CEO Bart De Smet said: "In the first quarter, all segments achieved solid results with the exception of the UK. The UK's result was affected by the residual impact of the regulatory discount rate revision by the UK government. Although various mitigating actions have already been taken, the impact will continue to be felt throughout the year. The overall Insurance net result reflected a good operating performance and benefitted also from solid capital gains on Ageas's real estate transactions.

The group's balance sheet remained solid with an Insurance Solvency II_ageasratio that slightly decreased but remained above target.

Also during the first quarter an important next step in the Fortis settlement was taken with a public hearing held by the Court of Amsterdam. The Court confirmed that it will take a decision regarding Ageas's request to declare the settlement binding on Friday 16 June 2017."

Pdf version of the full press release

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ageas via Globenewswire

ARIVA.DE Börsen-Geflüster

Weiter abwärts?

Kurzfristig positionieren in Ageas
ME0VMT	Ask: 0,12	Hebel: 6,18
mit moderatem Hebel		Zum Produkt

Morgan Stanley

Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie hier: ME0VMT,. Beachten Sie auch die weiteren Hinweise zu dieser Werbung. Der Emittent ist berechtigt, Wertpapiere mit open end-Laufzeit zu kündigen.

Kurse

Ageas

42,90 €

-1,88%

Mehr Nachrichten zur Ageas Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.