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
Employee Ratings3.8

Latest Updates

Employees (est.) (Jul 2021)9,953
Job Openings11
Revenue (FY, 2017)€12.7 B(-8%)
Share Price (Sept 2021)€41.3
Cybersecurity ratingCMore

Key People/Management at Ageas

Hans de Cuyper

Hans de Cuyper

CEO & Director
Bart de Smet

Bart de Smet

Chairman
Christophe Boizard

Christophe Boizard

CFO & Director
Antonio Cano

Antonio Cano

Managing Director, Europe
Gary Crist

Gary Crist

CEO Asia
Emmanuel van Grimbergen

Emmanuel van Grimbergen

CRO & Director
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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 (9-Sept-2021)

7.8b

Closing stock price (9-Sept-2021)

41.3

Cash (31-Mar-2018)

2.7b

EV

7.0b
Ageas's current market capitalization is €7.8 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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Ageas Online and Social Media Presence

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Ageas News and Updates

Ageas reports first half-year 2021 results

Ageas reports first half-year 2021 results

Ageas presents its new three-year strategic plan: Impact24

Today, Ageas communicates its next 3-year strategic plan, Impact24, for the period 2022-2024. Impact24 is a long-term sustainable growth strategy that builds on the Group’s unique footprint in Europe and Asia and the tangible achievements of the current plan Connect21.

Ageas reports good first quarter results 2021

Ageas reports good first quarter results 2021

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

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

Ageas publishes its 2020 reports

Ageas publishes its 2020 reports

Ageas reports 2020 results

Ageas reports 2020 results
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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 Hans de Cuyper, Bart de Smet and Christophe Boizard.

  • How many employees does Ageas have?

    Ageas has 9,953 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 Phoenix Group Holdings, Assemblin and Beacon Insurance Brokers.

  • 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.