ageas SA/NV engages in the provision of life and non-life insurance, investments, and real estate services. It operates through the following segments: Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account. The Belgium segment offers life and non-life products to private individuals and small to medium enterprises under the name of AG insurance. The United Kingdom segment provides non-life insurance solutions and related life protection businesses, with personal and commercial line markets. The Continental Europe segment consists of European insurance activities excluding Belgium and the United Kingdom. The Asia segment is organized in the form of joint ventures with local partners and financial institutions in Hong Kong, China, Malaysia, Thailand, and India. The General Account segment comprises activities not related to the core Insurance business, such as group finance and other holding activities. The company was founded in 1990 and is headquartered in Brussels, Belgium. AGESY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).

While Ageas appears to be a dominant domestic force, from the inflows we feel there isn’t enough of the move to unit-linked. Also, this seems like a highly individual orientated portfolio. We would prefer to see more focus on group life.

On top of the leverage sits the relative performance note, and this introduces further volatility into Ageas' earnings beyond its investments in associates.

Ageas seems to be far more leveraged than most. Given the talk of a buyback or more M&As, it seems odd that management aren’t first addressing the debt levels.

By and large a decent looking fixed-income portfolio. However, we are a lot less keen on the level of unsecured loans.

In Asia Ageas seems to go from strength to strength. Now it is investing more here though, we are hesitant on Chinese reinsurance allocation.

We have a sense that operationally this not such a bad business. However, with the scant disclosures on operations we have little way of knowing.

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Ageas

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About AGESY

ageas SA/NV engages in the provision of life and non-life insurance, investments, and real estate services. It operates through the following segments: Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account.

AGESY Key Statistics

Analyst ratings

40%

Ageas

Why Robinhood?

ageas SA/NV engages in the provision of life and non-life insurance, investments, and real estate services. It operates through the following segments: Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account. Show more

AGESY Key Statistics

Analyst ratings

40%

ageas SA/NV engages in the provision of life and non-life insurance, investments, and real estate services. It operates through the following segments: Belgium, the United Kingdom, Continental Europe, Asia, Reinsurance, and General Account.