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.) (Sept 2020)9,858
Job Openings6
Revenue (FY, 2017)€12.7 B(-8%)
Share Price (Sept 2020)€36.3
Cybersecurity ratingBMore

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
Emmanuel van Grimbergen

Emmanuel van Grimbergen

CRO
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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

Market capitalization (22-Sept-2020)

6.8b

Closing stock price (22-Sept-2020)

36.3

Cash (31-Mar-2018)

2.7b

EV

6.0b
Ageas's current market capitalization is €6.8 b.
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)
EURFY, 2016

Revenue/Employee

1.2m

Debt/Equity

0.5 x

Financial Leverage

10.2 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

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

Belgian Insurer Ageas Rebuffs BE Group’s Takeover Approach

Belgian Insurer Ageas Rebuffs BE Group’s Takeover Approach

Ageas appoints new CEO and Chairman

Ageas appoints new CEO and Chairman

Ageas reports on interim results

Ageas reports on interim results

Ageas announces General Meeting of Shareholders of ageas SA/NV in October

On Thursday 22 October 2020 a General Meeting of Shareholders of ageas SA/NV will be organised to approve the payment of the intermediary dividend of EUR 2.38 per share.

Taking into account the guidance of the National Bank of Belgium, Ageas adapts its distribution of dividend to shareholders for the year 2019

Ageas announces that it confirms its intention to pay over 2019 a total gross cash dividend proposal of EUR 2.65 per share. However, taking into account recent guidance issued by EIOPA and the National Bank of Belgium in the context of the global COVID-19 outbreak, Ageas will adjust its distribution…
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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 9,858 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 €1.3 m.

  • Who are Ageas competitors?

    Competitors of Ageas include Assemblin, Beacon Insurance Brokers and India Insure.

  • 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.