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Ageas Sa/Nv Sponsored ADR (AGESY)
:AGESY
Holding AGESY?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.67Last Year’s EPS
3.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: -3.03%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong commercial and earnings performance, with significant growth in Non-Life and robust capital generation. Despite some challenges in specific areas such as FX impacts and market conditions for Unit-Linked sales, the overall outlook remains positive with a solid strategic position and high solvency ratios.Company Guidance
During the AGS.BR Q4 2023 earnings call, the company provided robust guidance across a variety of metrics. Ageas reported an 8% increase in inflows in local currency, with Non-Life inflows up by 17% and Life inflows benefiting significantly from operations in China. The group achieved a net operating result of EUR 1.17 billion, within the upper range of the EUR 1.1 billion to EUR 1.2 billion guidance, representing a 9% increase over the previous year when excluding certain one-off elements. The company also highlighted a strong underwriting performance, with a combined ratio of 93.3% and a notable net operating result in Non-Life that more than doubled. Operational capital generation was high at EUR 1.8 billion, with a cash position increasing from EUR 624 million to EUR 959 million. For 2024, Ageas expects to receive recurring dividends between EUR 750 million and EUR 800 million from operating entities, with a proposed final dividend of EUR 1.75 per share, totaling EUR 3.25 for the year, an 8% increase from the previous year. The company also noted progress in non-financial and sustainability targets, with improved ratings from ESG rating agencies.Strong Commercial Performance
Ageas delivered a strong commercial performance over the year, with inflows up 8% in local currency. Non-Life inflows increased by 17% across all markets and business lines.
Robust Earnings Performance
The group net operating result amounted to EUR 1.17 billion, within the upper half of guidance. Excluding one-off elements from 2022, the result increased by 9% at constant FX.
Improvement in Non-Life Segment
The Non-Life segment showed excellent performance, with a net operating result more than doubling, aided by the turnaround in the U.K. and reinsurance activity development.
Strong Capital Generation and Cash Position
Group operational capital generation was EUR 1.8 billion. The cash position increased significantly from EUR 624 million to EUR 959 million.
High Solvency Ratios
The Solvency II ratio was 217%, and the non-Solvency II scope solvency ratio rose to 282%, largely due to strengthening measures in China.
Dividend Growth
The Board proposed a total cash dividend of EUR 3.25 for the year, up 8% from last year.
Positive ESG Progress
Non-financial and sustainability targets showed good progress, with rating increases from five of the six ESG rating agencies.
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AGESY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGESY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $51.90 | $50.55 | -2.60% |
| Aug 28, 2024 | $48.59 | $50.33 | +3.58% |
| May 15, 2024 | $46.84 | $47.14 | +0.64% |
| Feb 28, 2024 | $40.55 | $39.41 | -2.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ageas Sa/Nv Sponsored ADR (AGESY) report earnings?
Ageas Sa/Nv Sponsored ADR (AGESY) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ageas Sa/Nv Sponsored ADR (AGESY) earnings time?
Ageas Sa/Nv Sponsored ADR (AGESY) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGESY EPS forecast?
AGESY EPS forecast for the fiscal quarter 2024 (Q4) is 3.67.
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