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Ageas (OTC:AGESY) reported quarterly earnings of $4.98 per share. This is a 24.81 percent increase over earnings of $3.99 per share from the same period last year. The company reported $5.550 billion in sales this
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Ageas has completed the sale of its 30.95% stake in Maybank Ageas Holdings Berhad (MAHB) to Maybank for EUR 1.1 billion, generating a net after-tax gain of EUR 464 million. The transaction values 100% of MAHB at EUR 3.5 billion (2x P/B ratio) and strengthens Ageas's financial flexibility by increasing its Solvency II ratio by 23 percentage points.
Ageas has completed the sale of its 30.95% stake in Maybank Ageas Holdings Berhad (MAHB) to Maybank for EUR 1.1 billion in cash. The transaction generates a net after-tax gain of EUR 464 million and values 100% of MAHB at EUR 3.5 billion (P/B ratio of ~2x). The deal enhances Ageas's financial flexibility and increases its Solvency II ratio by 23 percentage points.
Ageas has completed the sale of its 30.95% stake in Maybank Ageas Holdings Berhad (MAHB) to Maybank for EUR 1.1 billion, generating a net capital gain after tax of EUR 464 million. The transaction values MAHB at EUR 3.5 billion and is solvency accretive, adding 23 percentage points to the Solvency II ratio, demonstrating the value created through the 25-year partnership.
Ageas reported strong first-half 2026 results with EUR 12.1 billion in premiums (+17% YoY) and EUR 776 million in net operating income (+6% YoY), driven by excellent Life sales and resilient Non-Life performance despite weather impacts. The company expects over EUR 1.4 billion in liquidity remittances in 2026 (+49% YoY) and plans a EUR 1.50 gross dividend per share in December. Ageas completed the acquisition of AG Insurance, sold its Malaysia stake to Maybank for EUR 1.1 billion, and strengthened its Chinese pension market presence through Taiping Pension investment.