Added to YB: 2025-09-02
Pitch date: 2025-08-29
AGS.BR [neutral]
ageas SA/NV
-2.97%
current return
Author Info
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Company Info
ageas SA/NV, together with its subsidiaries, engages in insurance business. The company operates through five segments: Belgium, Europe, Asia, Reinsurance, and General Account.
Market Cap
EUR 11.6B
Pitch Price
EUR 59.31
Price Target
N/A
Dividend
5.77%
EV/EBITDA
9.20
P/E
9.70
EV/Sales
1.89
Sector
Insurance
Category
N/A
Ageas (AGS Belgium): A solid half year, but China FX tempers guidance
AGS.BR (quick overview): H1 2025 profit beat (€743M) driven by China tax benefit; underlying results in-line with Belgium strong, non-life improving. Guidance cut on CNY depreciation impact given China exposure. Solvency robust, cash generation targets raised. Core franchise resilient but FX swings drive earnings volatility.
Read full article (1 min)