Ageas reports nine months 2022 results
- Continued strong industrial and working efficiency
- Group web consequence affected by monetary markets in Asia and inflation in Europe.
| Key Figures |
| Result |
- Group nine months web consequence excluding RPN(i) amounted to EUR 567 million
- Group third quarter web consequence excluding RPN(i) amounted to EUR 111 million, affected by web capital losses in Asia and inflation in Europe for an quantity of EUR 175 million
|
| Inflows |
- Group inflows have been up 3% to EUR 13 billion with will increase in each Life and Non-Life
- Life inflows elevated by 3% to EUR 9 billion pushed by new business in China
- Non-Life inflows have been up 5% to EUR 4 billion supported by all areas
|
| Operating Performance |
- Combined ratio stood at 94.4%, together with 3pp influence from opposed climate occasions in Belgium and the UK in the course of the first quarter
- Operating Margin Guaranteed stood at 87 bps and Operating Margin Unit-Linked amounted to 39 bps
|
| Balance Sheet |
- Shareholders’ fairness amounted to EUR 8 billion or EUR 42.32 per share
- Group Solvency IIageas ratio improved and reached 225%, nicely inside the Group’s danger urge for food
- General Account Total Liquid Assets as at 30 September 2022 stood at EUR 1 billion
- Life Technical Liabilities excl. shadow accounting stood on the identical stage as at finish 2021 at EUR 91 billion at Ageas’s half
|
A full overview of the figures and comparability with earlier 12 months can be discovered on web page 5 of this press launch and on the Ageas web site.
Key figures and essential highlights on the segments may be discovered within the Annexes of this press launch.
| Impact24 — Achievements |
| |
- Ageas opened its reinsurance exercise to 3rd events buying and selling underneath the model Ageas Re
- To help the event of its core business, Ageas invested in its company distribution channel by partnering with Million Dollar Round Table
- Exploring new partnerships with the ambition to take part in ecosystems and the platform economy, Ageas teamed up with eBaoTech Corporation at Group stage and with Amazon within the UK
- Ageas obtained the CO2-neutral label issued by CO2 Logic
|
Hans De Cuyper, CEO Ageas:
« Ageas continued to carry out nicely commercially and operationally within the third quarter of 2022. This translated into sustained progress in inflows within the Life business in China and a rise throughout the business in Non-Life.
The sturdy mixed ratio and good margins in Life point out that the insurance actions proceed to carry out inside the Impact24 working targets. It is especially the low rates of interest in China and the online capital losses in Asia which have affected the Group web consequence within the third quarter.
In the context of our Impact24 technique, we took vital steps that can drive our business ahead when it comes to progress, industrial excellence, integration of information & know-how and sustainability.
I need to thank our individuals around the globe for demonstrating their sturdy concentrate on worth added progress underneath excessive risky market circumstances. »
-
Read the complete press launch
![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
