Detail akcie Ageas SA Depository Receipt online

Business Summary: Ageas SA is a Belgium-based international insurance company. The Company's business segments include Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance and General Account. The Belgian insurance activities operate under the name of AG Insurance. The Company's business in the United Kingdom is a national provider of Nonlife insurance solutions. The Company's Continental Europe segment consists of the insurance activities of the Company in Europe, excluding Belgium and the United Kingdom. The Company operates in a number of countries in Asia with its regional office and the fully-owned subsidiary both based in Hong Kong. The Reinsurance segment operates through Intreas NV a subsidiary from the Company, which works as an internal reinsurance. The General Account comprises activities not related to the core Insurance business, such as group finance and other holding activities.
Financial Summary: BRIEF: For the six months ended 30 June 2023, Ageas SA - ADR revenues increased 3% to EUR4.02B. Net income decreased 16% to EUR531M. Revenues reflect Investment Income - Net - Insurance increase from -EUR2.64B to EUR814M, Dividend Income - Investment increase of 15% to EUR1.39B. Net income was offset by Expense Ratio - Asia increase of 10% to 31%, Loss Ratio - Reinsurance decrease of 50% to 39.3%, Other Operating Expense increase of 19% to EUR651M (expense).