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AGS — Ageas SA/NV News Story

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Brief: Ageas H1 Operating Result EUR 734 Mln

Aug 27 (Reuters) - Ageas SA AGES.BR:

H1 OPERATING RESULT EUR 734 MILLION

H1 COMBINED RATIO 92.1%

H1 NET INCOME EUR 677 MILLION

H1 DIVIDEND EUR 1.5

WE ARE CONFIDENT IN ACHIEVING A FULL-YEAR NET OPERATING RESULT BETWEEN EUR 1.3 AND 1.35 BILLION

OUTLOOK ALLOWS US TO REVISE OUR ELEVATE27 TARGETS UPWARD, INCREASING THE HOLDING FREE CASH FLOW TARGET FROM ABOVE EUR 2.2 BILLION TO MORE THAN EUR 2.3 BILLION BY 2027

WE MAINTAIN OUR ELEVATE27 TARGET OF 6-8% EARNINGS PER SHARE GROWTH RATE

CONFIDENT IN ACHIEVING FULL-YEAR NET OPERATING RESULT BETWEEN EUR 1.3 AND 1.35 BILLION

WILL BE ABLE TO MAINTAIN AN ANNUAL INCREASE IN DIVIDEND PER SHARE OF 6%, EVEN WITH INCREASED NUMBER OF OUTSTANDING SHARES

EXPECTED 2025 CASH UPSTREAM AT EUR 940 MILLION

TO DISTRIBUTE OVER EUR 2 BILLION OVER CYCLE TO 2027 TO SHAREHOLDERS

Source text: ID:nGNE5mdYDC

Further company coverage: AGES.BR

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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