ageas NV

Latest Results (15.11.2025):

Ageas NV delivered outstanding financial results for the first half of 2025, demonstrating robust growth across its product portfolio and solid operational performance. The company reported a net operating result of EUR 734 million, driven by a combination of higher volumes, strong underwriting performances, and favorable market conditions in various regions. In addition, positive commercial developments, effective cash generation, and an improved dividend outlook underpin the upward revision of its Elevate27 targets.

Strong Operational Performance

Ageas NV achieved a net operating result of EUR 734 million for H1 2025, reflecting a +4% improvement versus H1 2024. The growth was fueled by excellent underwriting results and higher volumes in the Life and Non-Life segments, with specific gains in key markets such as Belgium and China.

Robust Commercial Growth

The company witnessed robust commercial performance across its diverse portfolio. The Life segment saw over 10% growth in Belgium, while in China, a successful product mix transition contributed to the impressive results. Non-Life markets also reported solid growth, even as the company maintained a focus on profitability over volume in Europe.

Enhanced Cash Flow and Dividend Outlook

Looking ahead, Ageas NV revised its Elevate27 targets upward, increasing the Holding Free Cash Flow target and maintaining an annual dividend per share increase of 6%. The interim dividend of EUR 1.50, scheduled for December 5th, promises further value to shareholders alongside a full-year net operating result forecast of EUR 1.3 to EUR 1.35 billion.

Commitment to Sustainability

Ageas NV’s continuous efforts in sustainable entrepreneurship have been recognized by leading ESG rating agencies, ISS and Sustainalytics, reflecting the company’s commitment to integrating sustainability into its strategic and operational framework.