ageas NV

Latest Results (25.09.2025):

Ageas NV has reported its full-year 2024 financial results, demonstrating strong commercial performance with a 10% growth in inflows and achieving a Net Operating Result of EUR 1.24 billion. The company successfully completed its Impact24 strategic cycle, maintained a robust cash position above EUR 1.0 billion, and proposed a total dividend of EUR 3.50 per share.

Revenue Growth

Ageas NV experienced a significant increase in inflows, totaling EUR 18.5 billion for the full year 2024, marking a 10% growth. Life segment inflows rose by 9% to EUR 11.7 billion, while Non-Life inflows increased by 14% to EUR 6.8 billion, driven by strong performance across all business segments and product lines.

Profitability and Financial Stability

The company achieved a Net Operating Result of EUR 1.24 billion, representing a Return on Equity of 16.3%, which sits in the upper half of the 2024 full-year guidance. Ageas NV's comprehensive equity stood at EUR 16.1 billion, and the Pillar II Solvency II ratio improved to 218%, well above the Group’s neutral risk appetite.

Dividend Proposal

Ageas NV has proposed a total gross cash dividend of EUR 3.50 per share for 2024, consistent with its Impact24 commitment. The final dividend is set at EUR 2.00 per share, reflecting the company's strong financial performance and commitment to shareholder returns.

Operational Efficiency

The company maintained a combined ratio of 93.3%, with a Guaranteed Margin of 149 bps and a Unit Linked Margin of 41 bps. Operational Capital Generation reached EUR 2.2 billion, and Operational Free Capital Generation was EUR 1.5 billion, underscoring the company’s efficient capital management.

ESG and Sustainability Initiatives

During the Impact24 cycle, Ageas NV significantly improved its ESG scores, achieving Top Quartile ratings from six ESG agencies. Sustainable products accounted for 29% of Gross Written Premiums, and EUR 14.6 billion was invested in sustainable assets. Additionally, the company made notable progress in diversifying its distribution channels, encompassing both agency and digital platforms.