Belgium's Ageas H1 profit rises on life insurance growth

Ageas SA/NV

27/08/2026 06:40

Overview
Belgium insurer's H1 inflows rose 17% yr/yr, driven by strong Life and Non-Life sales
Net operating result for H1 up 6% yr/yr despite adverse weather in Belgium and Portugal
Company to pay EUR 1.50 gross interim dividend per share in December

Outlook
Ageas expects full-year Net Operating Result to exceed EUR 1.95 bln
Company raises 2026 cash upstream guidance to more than EUR 1.4 bln, 49% above last year

Result Drivers
LIFE INSURANCE GROWTH - Co said excellent Life sales across all regions drove inflow and profit growth
NON-LIFE RESILIENCE - Co said solid Non-Life growth contributed to results despite significant adverse weather in Belgium and Portugal

Company press release: ID:nGNE8n1CKW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income
 
EUR 846 mln
 
H1 Combined Ratio
 
95.20%
 
H1 Dividend
 
EUR 1.50
 
H1 Operating Result
 
EUR 776 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "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/NV is €70.00, about 6.1% below its August 26 closing price of €74.55
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 26 - Austria's Vienna Insurance H1 pretax profit rises on investment, lower claims
Aug 25 - UK's Chesnara interim operating capital generation jumps 79%
Aug 26 - Prudential half-year profit rises on new business, lower central costs

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(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.)