Very strong first half-year
6M 2017 | |
Net Result |
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Inflows |
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Operating Performance |
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Balance Sheet |
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Q2 2017 | |
Belgium |
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UK |
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Continental Europe |
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Asia |
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All 6M 2017 figures are compared to the 6M 2016 figures unless otherwise stated.
Ageas CEO Bart De Smet said: "Ageas delivered a strong set of first half-year figures evidencing good progress with respect to our Ambition 2018 strategic plan. Life inflows continued to grow while at the same time we optimised the product mix in Belgium and Asia. The result of our Life activities remained strong in all segments. The Non-Life businesses in Belgium and Continental Europe realised excellent results which were reflected in outstanding combined ratios. In the UK we continued to closely monitor the plans to strengthen the business in response to among others the impact of the recent Ogden rate adjustment.
The group's financial position remained solid with a solvency ratio well above our target as a result of a healthy operational free capital generation and favourable market conditions.
In this context, the Ageas Board of Directors has decided to continue the buy-back of shares by launching a new programme of EUR 200 million. In the past 6 years we have bought back an equivalent of 22% of the shares outstanding, which has led to a 28% increase of our earnings and dividends per share."
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