OverviewSuggest Edit

Ageas is an international group engaging in insurance business in Europe and Asia. The Company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. Its life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire and other damage to property, and other insurance products. The Company serves private individuals, as well as small, medium-sized, and large companies through independent brokers and the bank channels.

TypePublic
Founded1824
HQBrussel, BE
Websiteageas.com

Latest Updates

Employees (est.) (Dec 2018)11,009(-2%)
Job Openings11
Revenue (FY, 2017)€12.7 B(-8%)

Key People/Management at Ageas

Jozef de Mey

Jozef de Mey

Chairman
Bart de Smet

Bart de Smet

CEO
Christophe Boizard

Christophe Boizard

CFO
Antonio Cano

Antonio Cano

COO
Gary Crist

Gary Crist

CEO Asia
Hans de Cuyper

Hans de Cuyper

CEO Belgium
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Ageas Office Locations

Ageas has offices in Brussel and Bournemouth
Brussel, BE (HQ)
Markiesstraat 1 box 7
Bournemouth, GB
Deansleigh Rd
Show all (3)

Ageas Financials and Metrics

Ageas Revenue

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Ageas's revenue was reported to be €12.75 b in FY, 2017 which is a 8.4% decrease from the previous period.
EUR

Revenue (H1, 2018)

2.9b

Gross profit (H1, 2018)

1.1b

Gross profit margin (H1, 2018), %

38.9%

Net income (H1, 2018)

247.7m

Cash (31-Mar-2018)

2.7b
Annual
EURFY, 2016FY, 2017

Revenue

13.9b12.7b

Revenue growth, %

(8%)

Cost of goods sold

10.0b9.2b

Gross profit

3.9b3.6b
Half Year
EURH1, 2018

Revenue

2.9b

Cost of goods sold

1.8b

Gross profit

1.1b

Gross profit Margin, %

39%
Annual
EURFY, 2016FY, 2017

Cash

2.2b2.6b

Accounts Receivable

8.7b9.4b

PP&E

1.2b1.2b

Total Assets

104.3b103.3b
Quarterly
EURQ1, 2018

Cash

2.7b

Accounts Receivable

9.5b

PP&E

1.2b

Total Assets

103.4b
EURFY, 2016FY, 2017

Net Income

27.1m623.2m

Depreciation and Amortization

748.8m742.9m

Cash From Operating Activities

404.8m(725.5m)

Purchases of PP&E

(89.7m)(63.4m)
EURY, 2018

Revenue/Employee

256.4k

Debt/Equity

0.2 x

Financial Leverage

9.9 x
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Ageas Operating Metrics

Ageas's Customers was reported to be 38 m in FY, 2017.
FY, 2016FY, 2017Q1, 2018

Customers

38 m

Insurance Policies Owned

43 m

Claims Ratio

67%59.7%

COR

101.1%95.2%98.3%
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Ageas Revenue Breakdown

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Ageas revenue breakdown by geographic segment: 12.8% from UK, 21.3% from Continental Europe , 63.1% from Belgium and 2.7% from Other

Ageas Online and Social Media Presence

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Ageas News and Updates

Ageas and Fosun: Transparency notification

In accordance with the rules on financial transparency*, Fosun has notified Ageas on 16 May 2019 that, on 15 May 2019, its shareholding stands at 5.06%.

Ageas first quarter 2019 result

All Q1 2019 figures are compared to the Q1 2018 figures unless otherwise stated. A complete overview of the figures can be consulted on the Ageas website.

Ageas announces Ordinary and Extraordinary General Meetings of Shareholders of ageas SA/NV

Ageas SA/NV is organising an Ordinary and an Extraordinary General Meeting of Shareholders on Wednesday 15 May 2019 at 14:30 at the National Theatre in Brussels, Boulevard Emile Jacqmain 111-115.

Ageas successfully places EUR 500 million Tier 2 Notes

Today ageas SA/NV successfully placed its inaugural debt securities in the form of EUR 500 million Subordinated Fixed to Floating Rate Notes (the “Notes”) maturing in 2049 and with a first call date in 2029. The issuance generated substantial interest and was more than 7 times oversubscribed.

Ageas publishes its 2018 reports

Ageas has today released a set of 2018 reports consisting of three separate publications:
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Ageas Frequently Asked Questions

  • When was Ageas founded?

    Ageas was founded in 1824.

  • Who are Ageas key executives?

    Ageas's key executives are Jozef de Mey, Bart de Smet and Christophe Boizard.

  • How many employees does Ageas have?

    Ageas has 11,009 employees.

  • What is Ageas revenue?

    Latest Ageas annual revenue is €12.7 b.

  • What is Ageas revenue per employee?

    Latest Ageas revenue per employee is €1.2 m.

  • Who are Ageas competitors?

    Competitors of Ageas include ReAssure, Lloyd's and Catalana Occidente.

  • Where is Ageas headquarters?

    Ageas headquarters is located at Markiesstraat 1 box 7, Brussel.

  • Where are Ageas offices?

    Ageas has offices in Brussel and Bournemouth.

  • How many offices does Ageas have?

    Ageas has 3 offices.