Impact24 Growth Strategy Success
Ageas successfully completed its Impact24 growth strategy with 2024 inflows up 10% at constant FX. Non-life inflows were up 14% driven by business growth in all segments and product lines, and the Reinsurance Protection business saw inflows increase by more than 50%.
Strong Financial Performance
Ageas achieved a net operating result of EUR1.24 billion, at the upper half of the guided range, and a strong operational capital generation of EUR2.2 billion, exceeding the EUR2 billion mark for the first time.
Cash Position and Dividend Growth
The cash position exceeded EUR1 billion, and the board proposed a total gross cash dividend of EUR3.50 per share, an 8% growth over 2024.
Life and Non-Life Segment Success
Life insurance results increased, with a group Life net operating result of EUR909 million, and Non-life saw a 17% increase in net operating result to EUR454 million, with an excellent combined ratio of 93.3%.
Reinsurance Segment Performance
Reinsurance Protection business contributed strong growth with an improved combined ratio at a strong level of 80.6%.