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)
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