공시 • May 23
ageas SA/NV Appoints Renaud Dumora as A Non-Executive Member of the Board of Directors ageas SA/NV at its Ordinary and Extraordinary General Meetings of Shareholders held on May 20, 2026 approved to appoint Mr. Renaud Dumora as a non-executive member of the Board of Directors for a period of 4 years. 공시 • May 22
ageas SA/NV Approves Gross Cash Dividend for the Financial Year 2025, Payable on 5 June 2026 ageas SA/NV approved gross cash dividend of EUR 3.75 per share for the financial year 2025, ex-dividend date of 3 June 2026 and payment date of 5 June 2026 of the final dividend of EUR 2.25 (coupon no. 20). An interim dividend of EUR 1.50 per ageas SA/NV share was already paid in December 2025. 공시 • Apr 30
ageas SA/NV (ENXTBR:AGS) completed the acquisition of remaining 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA (ENXTBR:017250539). ageas SA/NV (ENXTBR:AGS) signed a framework agreement to acquire remaining 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA (ENXTBR:017250539) for €1.9 billion on December 7, 2025. A cash consideration of €1.9 billion will be paid by ageas SA/NV. As part of consideration, €1.9 billion is paid towards common equity of AG Insurance SA/NV. Upon completion, ageas SA/NV will own 100% stake in AG Insurance SA/NV. The transaction will be financed via equity placement of 18.5 million shares at a price if €60 per share valued at €1.1 billion to BNP Paribas Cardif and use of existing cash, existing financing facilities and flexibility in debt capital market.
The deal is expected to be finalized in 2Q26, after obtaining the necessary regulatory approvals.
ageas SA/NV (ENXTBR:AGS) completed the acquisition of remaining 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA (ENXTBR:017250539) on April 28, 2026. Pursuant the agreement, BNP Paribas nominated Renaud Dumora for appointment as a non-executive member of the Board of Directors of ageas SA/NV at the upcoming General Shareholders Meeting of May 20, 2026. 공시 • Apr 22
ageas SA/NV, Annual General Meeting, May 20, 2026 ageas SA/NV, Annual General Meeting, May 20, 2026, at 10:30 Romance Standard Time. Location: auditorium of ag insurance, ag campus rue du pont neuf 17, 1000 brussels, Belgium 공시 • Feb 25
ageas SA/NV Proposes Gross Cash Dividend for 2025 ageas SA/NV proposed total gross cash dividend of EUR 3.75 for 2025, fully in line with its commitment, +7% vs 2024. 공시 • Dec 08
ageas SA/NV (ENXTBR:AGS) signed a framework agreement to acquire remaining 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA (ENXTBR:017250539) for €1.9 billion. ageas SA/NV (ENXTBR:AGS) signed a framework agreement to acquire remaining 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA (ENXTBR:017250539) for €1.9 billion on December 7, 2025. A cash consideration of €1.9 billion will be paid by ageas SA/NV. As part of consideration, €1.9 billion is paid towards common equity of AG Insurance SA/NV. Upon completion, ageas SA/NV will own 100% stake in AG Insurance SA/NV. The transaction will be financed via equity placement of 18.5 million shares at a price if €60 per share valued at €1,110 million to BNP Paribas Cardif and use of existing cash, existing financing facilities and flexibility in debt capital market.
The deal is expected to be finalized in 2Q26, after obtaining the necessary regulatory approvals. 공시 • Mar 13
Allianz, ageas Reportedly Eye British Insurer esure Belgian insurer ageas SA/NV (ENXTBR:AGS) has retained advisors to explore a bid for British motor and home insurer esure Group plc, four people familiar with the matter told Reuters, as part of plans to consolidate the UK personal lines market. Allianz SE (XTRA:ALV) has also been working on an offer for esure in recent weeks, said two of the people, speaking on condition of anonymity. There will only be one main round of bidding, with a deadline in the next few weeks, the third person said, cautioning that a deal is not guaranteed. Bids for esure, owned by private equity firm Bain Capital, could be around GBP 1.5 billion ($1.94 billion), a fifth person said. All five people were speaking on condition of anonymity because the process is private. Spokespeople for Bain, Ageas, Allianz and esure declined to comment. 공시 • Feb 28
Ageas Sa/Nv Proposes Final Dividend ageas SA/NV proposed total dividend of EUR 3.50 per share. Final dividend of EUR 2.00 per share. 공시 • Aug 29
ageas SA/NV (ENXTBR:AGS) announces an Equity Buyback for €200 million worth of its shares. ageas SA/NV (ENXTBR:AGS) announces a share repurchase program. Under the program, the company will repurchase up to €200 million of its shares. The shares repurchased will be held in treasury. The program is valid till July 31, 2025. 공시 • Aug 28
ageas SA/NV Declares Interim Gross Cash Dividend for the Fiscal Year 2024 ageas SA/NV declared a Interim gross cash dividend of EUR 1.50 per share for the fiscal year 2024. 공시 • May 31
ageas SA/NV to Report First Half, 2024 Results on Aug 28, 2024 ageas SA/NV announced that they will report first half, 2024 results on Aug 28, 2024 공시 • Mar 25
Ageas Plans Not to Make Further Offer for Direct Line Insurance ageas SA/NV (ENXTBR:AGS) announced that, following the two recent attempts to engage with the Board of Directors of Direct Line Insurance Group plc (LSE:DLG) ("Direct Line") in relation to the acquisition by Ageas of the entire issued and to be issued share capital of Direct Line, which were both rejected, it will not make an offer for Direct Line. As a result of this announcement, Ageas (and any persons acting in concert with it) will, except with the consent of the UK Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions contained in Rule 2.8 of the Code. For the purposes of Rule 2.8 of the Code, Ageas (and any persons acting in concert with it) reserves the right to announce an offer or possible offer for Direct Line or make or participate in an offer or possible offer for Direct Line and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances described in Note 2 to Rule 2.8 of the Code: (i) with the agreement of the Board of Directors of Direct Line; (ii) if a third party (including another publicly identified potential offeror) announces a firm intention to make an offer for Direct Line; (iii) if Direct Line announces a Rule 9 waiver or a reverse takeover (as defined in the Code); or (iv) if the Panel determines there has been a material change of circumstances. On 19 January 2024, Ageas provided the Board of Direct Line with an initial possible offer proposal (the "Initial Possible Offer") to acquire the entire issued and to be issued share capital of Direct Line. The terms of the Initial Possible Offer were improved on 9 March 2024 and set out in an announcement (the "Improved Possible Offer") on 13 March 2024. Ageas believes that the proposal, on these terms, would have created significant value for both groups of shareholders and other stakeholders. Throughout the entire process, Ageas has always sought engagement with Direct Line's Board. Ageas regrets that it has not been able to work collaboratively together with the Board of Directors of Direct Line towards a recommended Firm Offer. Ageas was not able to identify additional elements based on publicly available information that would justify significant adjustments to the terms of its possible offer. Therefore, consistent with its financial discipline, Ageas has decided not to make a Firm Offer. Ageas continues to believe in the underlying attractiveness and future opportunities of the UK personal lines sector and the role of Ageas UK in this market, underpinned by its successful turnaround over the last few years. Ageas UK will continue to execute its focused personal lines insurance strategy alongside its valued distribution partners. Ageas remains focused on the execution of its strategy, as a group of local companies outperforming in their markets, benefitting from synergies within the Group. Ageas re-iterates its confidence to deliver on its stated Impact24 financial and operating targets thanks to the strong performance of its operating entities. The Group's solid foundations underpin our attractive dividend growth ambitions in line with our stated Impact24 ambitions and beyond this strategic cycle. Hans De Cuyper, CEO of Ageas, said: "We had hoped to reach agreement on a jointly recommended Firm Offer together with the Direct Line Board. However, I am convinced that given the circumstances we took the right decision not to make an offer, staying true to who we are and what we stand for in terms of maintaining a friendly approach and respecting our financial discipline. I sincerely want to thank our employees and advisors who delivered outstanding performance exploring this opportunity, and our investors for their continued trust in our company". 공시 • Mar 16
BNP Paribas Reportedly Considers Buying Fosun's Ageas Stake BNP Paribas SA (ENXTPA:BNP) is considering a potential acquisition of Fosun International Limited (SEHK:656)’s stake in Belgian insurer ageas SA/NV (ENXTBR:AGS), according to people with knowledge of the matter. The French lender has been holding discussions on a possible purchase of Fosun’s holding in Ageas, said the people, who asked not to be identified because the information is private. Fosun has about a 10% interest in Ageas valued at roughly €750 million ($816 million) based on March 14, 2024 closing price, according to a regulatory filing. The figure includes its stock ownership as well as derivative holdings. The deliberations are ongoing and there’s no certainty they will lead to a transaction, the people said. Representatives for BNP and Ageas declined to comment. Fosun couldn’t immediately be reached for comment outside regular business hours. Bloomberg News reported last month that Fosun has been working with advisers to explore a sale of its Ageas stake. The Chinese conglomerate, which is backed by billionaire Guo Guangchang, has been accelerating a divestment push as it seeks to cut its debt load following a global acquisition spree. BNP’s potential move comes as Ageas pushes ahead with a contentious pursuit of a takeover of London-listed Direct Line Insurance Group Plc. The UK insurer said this week it had rejected a second takeover offer from Ageas valuing it at about £3.2 billion ($4.1 billion). 공시 • Feb 29
Direct Line Soars as Ageas Mulls 3.10b Bid Shares in Direct Line Insurance Group plc (LSE:DLG) jumped on February 28, 2024 after Belgian insurer ageas SA/NV (ENXTBR:AGS) confirmed it was considering making an offer for the company. Shares in Direct Line, the Bromley, England-based motor and home insurer, soared 22% to 199.69 pence each in London on February 28, 2024. Ageas said the terms of the proposed cash and shares offer had an implied value of 233p per Direct Line share, representing a premium of 43% to 163.35 pence, closing price on February 27, 2024. The terms of the proposed bid are 100p in cash for each Direct Line share, and one new Ageas share for every 25.24047 Direct Line shares. Ageas said this would value Direct Line at around GBP 3.10 billion. A combination offered "compelling strategic and financial value for both Ageas and Direct Line shareholders", it added. Ageas highlighted the potential to drive operational improvements and efficiencies, in part through the removal of overlapping overhead costs after the integration of Ageas' and Direct Line'sUK businesses. Earlier February 28, 2024, Bloomberg reported that Direct Line had rebuffed an approach from Ageas, citing people familiar with the matter. 공시 • Sep 27
La Mutuelle Epargne Retraite Prévoyance Carac acquired French Life Insurance activities of Ageas. La Mutuelle Epargne Retraite Prévoyance Carac signed an agreement to acquire French Life Insurance activities of Ageas on April 21, 2023. Ageas’s French Life and Pension activities consist of Ageas France, Ageas Retraite, Ageas Patrimoine and Sicavonline. The transaction is subject to regulatory approval. French Life Insurance activities generated revenue of €6.1 million in 2022. The transaction is expected to be closed during third quarter of 2023.
La Mutuelle Epargne Retraite Prévoyance Carac completed the acquisition of French Life Insurance activities of Ageas on September 25, 2023. All regulatory approvals regarding the sale of French life insurance, savings and pension business to La Mutuelle Epargne Retraite Prévoyance Carac have been obtained. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: €2.89 (vs €3.05 in 1H 2022) First half 2023 results: EPS: €2.89 (down from €3.05 in 1H 2022). Revenue: €5.30b (up 49% from 1H 2022). Net income: €531.0m (down 5.7% from 1H 2022). Profit margin: 10.0% (down from 16% in 1H 2022). Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in South America are expected to grow by 8.5%. Upcoming Dividend • May 24
Upcoming dividend of €1.05 per share at 7.3% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 7.3%. Within top quartile of Mexican dividend payers (6.7%). In line with average of industry peers (8.0%). 공시 • May 13
ageas SA/NV to Report First Half, 2023 Results on Aug 30, 2023 ageas SA/NV announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: €5.49 (vs €4.52 in FY 2021) Full year 2022 results: EPS: €5.49 (up from €4.52 in FY 2021). Revenue: €9.87b (down 27% from FY 2021). Net income: €1.01b (up 20% from FY 2021). Profit margin: 10% (up from 6.3% in FY 2021). The increase in margin was driven by lower expenses. Combined ratio: 96.5% (up from 95.4% in FY 2021). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Insurance industry in South America. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €5.49 (vs €4.52 in FY 2021) Full year 2022 results: EPS: €5.49 (up from €4.52 in FY 2021). Revenue: €10.4b (down 23% from FY 2021). Net income: €1.01b (up 20% from FY 2021). Profit margin: 9.7% (up from 6.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Insurance industry in South America. 공시 • Jan 12
ageas SA/NV to Report Fiscal Year 2022 Final Results on Mar 31, 2023 ageas SA/NV announced that they will report fiscal year 2022 final results on Mar 31, 2023 공시 • Jan 02
ageas SA/NV to Report Fiscal Year 2022 Results on Feb 22, 2023 ageas SA/NV announced that they will report fiscal year 2022 results on Feb 22, 2023 Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 17% share price gain to Mex$880, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Insurance industry in South America. Total loss to shareholders of 10% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$412 per share. Upcoming Dividend • Oct 19
Upcoming dividend of €1.05 per share Eligible shareholders must have bought the stock before 26 October 2022. Payment date: 28 October 2022. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Mexican dividend payers (6.6%). Higher than average of industry peers (6.3%). Upcoming Dividend • May 25
Upcoming dividend of €1.93 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Mexican dividend payers (6.0%). In line with average of industry peers (6.0%). Reported Earnings • May 22
First quarter 2022 earnings released: EPS: €1.47 (vs €1.58 in 1Q 2021) First quarter 2022 results: EPS: €1.47 (down from €1.58 in 1Q 2021). Revenue: €2.25b (down 35% from 1Q 2021). Net income: €271.8m (down 8.1% from 1Q 2021). Profit margin: 12% (up from 8.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 19% compared to a 21% growth forecast for the industry in Mexico. Reported Earnings • Apr 06
Full year 2021 earnings released: EPS: €4.52 (vs €6.07 in FY 2020) Full year 2021 results: EPS: €4.52 (down from €6.07 in FY 2020). Revenue: €13.5b (up 12% from FY 2020). Net income: €845.0m (down 26% from FY 2020). Profit margin: 6.3% (down from 9.5% in FY 2020). The decrease in margin was driven by higher expenses. Combined ratio: 95.4% (up from 91.3% in FY 2020). Over the next year, revenue is expected to shrink by 25% compared to a 19% growth forecast for the insurance industry in Mexico. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS €0.60 (vs €1.78 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €3.29b (down 7.8% from 2Q 2020). Net income: €111.1m (down 67% from 2Q 2020). Profit margin: 3.4% (down from 9.5% in 2Q 2020).