Stock info Ageas | Filter  Basic-Info

Ageas is a Belgium-Dutch international insurance company co-headquartered in Brussels, Belgium and Utrecht, Netherlands. Ageas is one of the top 20 insurance companies in Europe and has preferred its special focus on rising markets in Europe and Asia, these two continents that collectively make up the biggest share of the international insurance market. The insurance activity is spread among four sections (Belgium, the United Kingdom, Continental Europe and Asia) and runs successively permutation of entirely owned subsidiaries and collaborations with strong financial institutions and major distributors across the globe. Ageas manages to flourish affiliations in Belgium, UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has several subordinates in France, Hong Kong and UK. In Belgium's Ageas through AG Insurance is a market leader in life insurance and employee benefits and a top player in non-liven and in the Ageas UK is the fourth in private car insurance. Ageas provides employment to more than 13,000 people and has yearly inflows of more than 21 Billion Euro.

Ageas is a global insurance company with more than 180 years of proficiency, knowledge and experience. Ageas is one of the Belgium's major insurer and is having its operation in 14 countries internationally. The corporation was renamed from Fortis Holding in April 2010 & comprised of those insurance actions left over after the break up and deal of the financial services group Fortis at some point in the great financial crisis of 2007-2010. Ageas is listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges and is an integral part of the blue-chip BEL20 stock market index.

Ageas is the leading provider of insurance in Belgium, having a possession of 75% of AG Insurance (the rest is with Fortis Bank N.V./S.A., which was later sold to BNP Paribas in 2009 as a part of a deal). Financial Products are sold through agents, brokers and financial planners and also through the branches of BNP Paribas Fortis and its subordinate Banque de La Poste/Bank van De Post. Ageas completely owns the subsidiary Ageas Insurance International (previously known as Fortis Insurance International), through which it is the UK's 3rd biggest supplier of private vehicle insurance and 4th biggest supplier of travel insurance through its subordinates such as Kwik Fit Insurance. Fortis Insurance International also have operations in France, Germany, Turkey, Ukraine and Hong Kong and holds joint ventures or corporate tie ups in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. In addition, Ageas also have 45% of Royal Park Investments, a particular purpose vehicle which administers a portfolio of "toxic" planned credit assets formerly held by Fortis Bank. In September 2012, Ageas acquired Groupama’s UK insurance operations, boosting its presence in the automobile and home sectors. The deal will see Ageas add another million policyholders in the UK.

Ageas

Ageas is mostly active in the banking sector. The global banks lost around 24 percent worldwide over the last 10 years. As from 2011 the sector is 6 percent higher and over the past 12 months (December 2015-December 2016) there is a minus of 24 percent.

The past year was a good year for Ageas investors

Over the last 12 months (from December 2015 till December 2016), that were loss-making period for the investors in Ageas, the stock lost around 11 percent. Over the period from December 2011 till December 2016 the stock rose on average 232 percent. The net results between 2011 and 2015 were far from constant and fluctuated between -673,5 million euros and 939,6 million euros.

Ageas paid out dividends in the past 5 years. Ageas's dividend return over the period 2011 - 2015 was around 5,56 percent per year.

At the end of 2015 around 12,2 thousand people were on Ageas' payroll.

Ageas' balance mostly financed with equity

Last year the balance sheet of the Belgian company was worth 104,49 billion euros. 93,11 billion euros (89,11 percent of the total balance sheet) was financed by debt. At the end of 2016 the Belgian company was traded with a price/earnings-ratio of around 8. So investors paid 8 times the company's 2015's EPS. Many analysts say that based on her price/earnings-ratio and dividend yield the Belgian stock can be seen as a value stock.

At the end of 2015 the bank's market size (her number of outstanding share times the stock price) equaled around 9,14 billion euros. At the end of 2015 the Belgian company had around 215,54 million stocks listed on the exchanges.

All Ageas's annual reports can be found here. More information about Ageas can be found it's website. .