Ageas: Falls after Asia business and Solvency ratio falter

Agesa Hayat ve Emeklilik

24/02/2021 11:04

** Shares in Ageas  AGES.BR  slide 1.2% after Belgian
insurer posted low Asian figures and Solvency ratio, weighed by
a temporary increase in equity capital requirements in Q4
    ** "Solvency II ratio is looking weaker than we expected,
particularly relative to Benelux peers," Credit Suisse says,
although it remains ahead of its internal target of 175%
    ** J.P. Morgan and KBC Securities note a clear beat in
Belgium, but warn on low figures in Asian life insurance over
the quarter, expecting to get more colour on the region's 2021
outlook
    ** As Ageas acquired Aviva's  AV.L  40% stake in AvivaSA
 AVISA.IS , CS also points to a difficult shifting regulatory
framework for Turkey's pensions market  urn:newsml:reuters.com:*:nFWN2KT1JK
    ** Today's losses wiped off 154.1 mln euros from the
company's market capitalisation, with shares on track for their
worst day in nearly a month

 ((juliette.portala@thomsonreuters.com))