
ageas SA/NV (AGESY) Q4 2025 Earnings Call Transcript
ageas SA/NV (AGESY) Q4 2025 Earnings Call Transcript
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ageas SA/NV (AGESY) Q4 2025 Earnings Call Transcript

Ageas announces Net Operating Result guidance update Today China Taiping Insurance Holding (CTIH) published a pre-announcement on its full year 2025 results related to the announcement made by The Chinese Ministry of Finance and the State Administration of Taxation concerning the corporate income tax treatment in relation to the transition to IFRS17/9. This new regulation requires an update to the deferred taxes reported for the financial years 2023 and 2024.

ageas SA/NV offers a sustainable 6.4% dividend yield, underpinned by robust capitalization and disciplined capital deployment. Recent acquisitions of esure and the remaining AG Insurance stake enhance AGESY's earnings, cash flow, and strategic positioning in core markets. Full control of AG Insurance and a long-term partnership with BNP Paribas support elevated cash generation and progressive dividend growth.

Ageas announces intragroup repurchase of own shares In accordance with articles 8:4 and 8:6 of the Royal Decree of 29 April 2019 implementing the Belgian Code of Companies and Associations, ageas SA/NV announces that on 31 December 2025, after market close, it repurchased 740,476 own shares from Ageasfinlux S.A., an indirect subsidiary.

Ageas successfully places EUR 450 million restricted Tier 1 Notes Today ageas SA/NV successfully placed subordinated debt securities for an aggregate principal amount of EUR 450 million in the form of Perpetual Subordinated Fixed Rate Resettable Temporary Write-Down Restricted Tier 1 Notes (the “Notes”). The issuance generated substantial interest and was more than 5 times oversubscribed.

ageas SA/NV (AGESY) M&A Call Transcript

The move is part of a two-pronged deal which will see BNP Paribas sell its 25% stake in AG Insurance to Ageas.

Belgian insurer Ageas said on Monday it had agreed to buy a 25% stake in AG Insurance, giving it full 100 percent ownership of AG Insurance, for 1.9 billion euros ($2.21 billion) from BNP Paribas.

Ageas completes its 2024-2025 share buy-back programme On Thursday 31 July 2025, Ageas completed the share buy-back programme it announced on 28 August 2024. Between 16 September 2024 and 31 July 2025, Ageas has bought back 3,910,230 shares corresponding to 1.97 % of the total shares outstanding and totalling EUR 200 million (rounded).

Ageas reports on the progress of share buy-back programme Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 86,210 Ageas shares in the period from 21-07-2025 until 25-07-2025. Date Number of Shares Total amount (EUR) Average price (EUR) Lowest price (EUR) Highest price (EUR) 21-07-2025 17,602 1,017,375 57.80 57.60 57.95 22-07-2025 22,512 1,296,968 57.61 57.25 57.90 23-07-2025 19,496 1,135,432 58.24 58.00 58.35 24-07-2025 12,512 732,751 58.56 58.35 58.85 25-07-2025 14,088 825,314 58.58 58.35 58.95 Total 86,210 5,007,840 58.09 57.25 58.95 Since the start of the share buy-back programme on 16 September 2024, Ageas has bought back 3,856,343 shares for a total amount of EUR 196,821,591.

Ageas reports on the progress of share buy-back programme Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 62,429 Ageas shares in the period from 14-07-2025 until 18-07-2025. Date Number of Shares Total amount (EUR) Average price (EUR) Lowest price (EUR) Highest price (EUR) 14-07-2025 12,413 702,556 56.60 56.15 56.80 15-07-2025 12,714 722,502 56.83 56.40 57.10 16-07-2025 12,805 725,229 56.64 56.40 56.75 17-07-2025 17,141 971,011 56.65 56.35 56.95 18-07-2025 7,356 423,158 57.53 57.30 57.75 Total 62,429 3,544,456 56.78 56.15 57.75 Since the start of the share buy-back programme on 16 September 2024, Ageas has bought back 3,770,133 shares for a total amount of EUR 191,813,751.

Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 83,094 Ageas shares in the period from 30-06-2025 until 04-07-2025.

Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga's Underwriting Business, have been obtained and the transaction has been completed.

Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 58,986 Ageas shares in the period from 23-06-2025 until 27-06-2025.

Today ageas SA/NV successfully placed its inaugural debt securities in the form of GBP 400 million Senior Fixed Rate Notes (the “Notes”) maturing in December 2028 and with a first call date in September 2028. The issuance generated substantial interest from UK institutional investors.

Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 72,253 Ageas shares in the period from 02-06-2025 until 06-06-2025.

ageas SA/NV offers a high-dividend yield of 6.3%, supported by strong financial performance and sustainable growth, making it an attractive income play in the European insurance sector. The company reported a 45% total return over the past year, driven by positive operating momentum and growth in both life and non-life insurance segments. Ageas' reinsurance segment, particularly in external risk, shows promising growth potential, contributing to the company's profitability and diversification strategy.

Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 18,241 Ageas shares in the period from 28-04-2025 until 02-05-2025.

Ageas reports on the progress of share buy-back programme Further to the initiation of the share buy-back programme announced on 28 August 2024, Ageas reports the purchase of 52,274 Ageas shares in the period from 14-04-2025 until 18-04-2025. Date Number of Shares Total amount (EUR) Average price (EUR) Lowest price (EUR) Highest price (EUR) 14-04-2025 7,487 394,712 52.72 52.40 53.25 15-04-2025 33,770 1,728,576 51.19 50.55 51.75 16-04-2025 4,761 250,025 52.52 51.70 53.10 17-04-2025 6,256 330,026 52.75 52.60 52.95 18-04-2025 - - - - - Total 52,274 2,703,339 51.71 50.55 53.25 Since the start of the share buy-back programme on 16 September 2024, Ageas has bought back 2,973,179 shares for a total amount of EUR 146,719,973.