Belgium's Ageas 2025 net operating result rises 33% on Life business growth

Ageas SA/NV

25/02/2026 06:37

Overview

Belgium insurer's 2025 net operating result rose 33% yr/yr

Company achieved 9% growth in inflows, driven by Life business

Company completed acquisition of esure and full ownership of AG

Outlook

Ageas did not provide specific guidance for future quarters or years

Result Drivers

ACQUISITIONS - Ageas' acquisition of esure and full ownership of AG were pivotal in expanding its market presence and aligning with its diversification strategy

LIFE BUSINESS GROWTH - The Life business drove a 9% increase in inflows, with strong performance across all regions

NON-LIFE PERFORMANCE - Outstanding Non-Life performance contributed to a 33% rise in net operating result

Company press release: ID:nGNE45Rygk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
EUR 1.71 bln
FY Combined Ratio
92.50%
FY Dividend
EUR 3.75
FY Operating Result
EUR 1.65 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for Ageas SA is €62.50, about 0.8% below its February 24 closing price of €63.00

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)