Ageas reports on interim results
- Solid 6 months result supported by strong second quarter
- Contrasting Covid-19 impact on Life and Non-Life results
- Solvency and cash position remain strong
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| Operating Performance |
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A complete overview of the figures can be viewed on the Ageas website.
Key figures and main highlights on the segments can be found in the Annexes of this press release
Ageas CEO Bart De Smet said: “The very good results of the second quarter, at the worst moment of the economic and social crisis caused by the pandemic, show the resilience of our economic model that benefits from geographical and product diversification and prudent management of our balance sheet. We have also maintained a high and stable solvency ratio and more than satisfying liquidity. Without material negative impact from the financial markets in the coming months, we feel confident we will be able to achieve a result close to our initial guidance, excluding the positive one off impact from the FRESH operation. As the Covid-19 pandemic continues to impact our lives and our economies, we also remain committed to backing local initiatives that support those in need and to funding the search for a medical treatment against the virus. On behalf of the Board, I would also like to thank all our employees for their hard work and continuous support in these unique and challenging times.”
