ageas (AGS) H2 2016 earnings summary
Event summary combining transcript, slides, and related documents.
H2 2016 earnings summary
19 Oct, 2026Executive summary
Insurance net profit was €721m, down 4% YoY; consolidated net profit was €27m versus €770m, including a €694m General Account loss tied largely to the Fortis settlement.
Operating performance was solid across most segments, while UK results were heavily affected by exceptional charges.
Financial highlights
Gross inflows reached €31.654bn, up 6% YoY; Q4 inflows were €6.962bn, down 1%.
Insurance net profit fell to €721m from €755m; FY EPS was €0.13 versus €3.57.
Shareholders’ equity was €9.561bn, down 16%; equity per share was €46.56 versus €53.59.
Outlook and guidance
Amsterdam Court hearing on the settlement took place on 24 March 2017; a decision on its binding character was expected by mid-2017.
Proposed gross dividend was €2.10 per share, including €0.40 related to the Hong Kong disposal.
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