- Ageas reported a net operating profit of €734 million for the first half of the year, outperforming the estimate of €671.8 million.
- In Belgium, the net operating profit was €248 million, slightly below the estimate of €263.8 million.
- Europe’s net operating profit came in at €115 million, slightly above the expected €114.7 million.
- Asia showed a strong performance with a net operating profit of €351 million, significantly exceeding the estimate of €311.6 million.
- The reinsurance segment achieved a net operating profit of €87 million.
- The life insurance division recorded a net operating profit of €538 million, surpassing the estimate of €485.7 million.
- The non-life segment reached a net operating profit of €263 million, outperforming the expected €254.7 million.
- Net income was reported at €677 million, slightly under the estimate of €707.3 million.
- Operational free capital generation was €713 million.
- Return on equity stood at 18.6%.
- Comprehensive equity totaled €16.01 billion.
- An interim dividend of €1.50 per share was declared.
- Analyst recommendations include 8 buys, 4 holds, and 2 sells.
A look at Ageas Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Ageas, a company offering international insurance services, seems to be positioned for a stable long-term outlook based on the Smartkarma Smart Scores. With a Dividend score of 4, Growth score of 4, and Momentum score of 5, Ageas appears to have strong potential in terms of dividends, growth prospects, and market momentum. These scores indicate that the company is performing well in these areas, which bodes positively for its future performance.
Additionally, Ageas scores moderately well in terms of Value with a score of 3 and Resilience with a score of 3. While not the highest scores, these ratings suggest that Ageas offers some value and resilience within the market. Overall, the combination of these scores paints a favorable picture of Ageas‘ overall outlook, indicating a mix of growth potential, dividend stability, and market momentum for investors to consider.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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