Ageas Sa/Nv Sponsored ADR ( (AGESY) ) has released its Q4 earnings. Here is a breakdown of the information Ageas Sa/Nv Sponsored ADR presented to its investors.
Ageas Sa/Nv Sponsored ADR is a prominent player in the insurance sector, offering a range of life and non-life insurance products and services across Europe and Asia, with a strong focus on sustainability and digital innovation.
Ageas has reported a robust financial performance for the year 2024, successfully completing its Impact24 strategic cycle. The company achieved a 10% growth in inflows and a Net Operating Result of EUR 1.24 billion, which is at the upper end of its guidance. Ageas also proposed a total dividend of EUR 3.50 per share, reflecting its strong cash position and profitability.
Key financial highlights include a Net Result of EUR 1,118 million, Operational Capital Generation of EUR 2.2 billion, and a Solvency II ratio of 218%. The company’s Life inflows rose by 9%, driven by growth in Belgium, Europe, and Asia, while Non-Life inflows increased by 14%. Ageas also made significant progress in sustainability, with 29% of Gross Written Premiums coming from sustainable products and EUR 14.6 billion invested in sustainable assets.
Looking ahead, Ageas anticipates continued strong performance with a projected cash upstream of EUR 850 to 900 million in 2025. The company aims to maintain its growth trajectory and meet its Elevate27 dividend commitment, while further enhancing its sustainability initiatives and digital capabilities.
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