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ageas (AGESY)
OTHER OTC:AGESY
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.71Last Year’s EPS
4.62Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial update: strong top‑line inflows (+9% group; +16% Non‑Life), materially improved net operating result (above EUR 1.655bn), robust cash upstreams (+18% to EUR 949m) and strengthened capital positions (Solvency II ~211%, equity EUR 17.5bn). Strategic M&A (Saga, esure, AG) and upgraded targets underpin confidence. Headwinds include one‑off tax benefits in China (EUR 300m), product mix shifts that may pressure margins, reliance on a large reinsurance deal that is not fully recurring, increased equity exposure in Asia, and ongoing regional challenges (U.K. claims inflation, Türkiye). Overall, positive results and upgraded guidance outweigh the transitory or manageable negatives.Company Guidance
Strategic M&A and Market Positioning
Closed Saga (July) and esure (September) in the U.K., strengthening Ageas into a top-3 U.K. personal lines insurer; acquisition of remaining stake in AG (closing expected Q2 2026) to secure full ownership of core Belgium market.
Group Inflows Growth
Group inflows increased by more than 9% at constant FX; Non‑Life inflows rose 16% (growth across all segments and product lines) and Europe Life PVNBP grew 17%, driven by Türkiye.
Strong Net Operating Result
Net operating result exceeded EUR 1.655 billion (above guidance); Non‑Life net operating result up 21% to EUR 548 million; Life net operating result EUR 1.259 billion, up 39% YoY.
Excellent Non‑Life Underwriting Performance
Group combined ratio of 92.5% (benefited in part from benign weather in Belgium) and Reinsurance third‑party combined ratio at 76.5%.
Healthy Cash Generation and Upstream Guidance
Recurring cash upstreams EUR 949 million in 2025, 18% above prior year and above guided EUR 850–900 million; management expects significantly higher upstreams of EUR 1.2 billion in 2026.
Dividend and Shareholder Remuneration
Proposed total gross cash dividend EUR 3.75 per share (growth >7% vs prior year); interim EUR 1.50 already paid, remaining EUR 2.25 payable in June; shareholder remuneration target upgraded to > EUR 2.2 billion over the cycle.
Capital Strength and Balance Sheet
Solvency II scope ratio around 211% (non‑SII 244%); comprehensive equity increased to EUR 17.5 billion; cash position EUR 1.45 billion supported by RT1 issue in December.
Operational Capital Generation
Operational capital generation EUR 1.9 billion (Solvency II entities EUR 1.2 billion, +7% YoY); operational free capital generation EUR 793 million.
Life Business Quality and New Business Metrics
Life operating insurance service result up 4% YoY; Belgium Life net operating result +5% with guaranteed margin 102 bps; Group Life new business margin 7.9%, Belgium NB margin improved 110 bps to 6.8%; CSM positive operating movement EUR 170 million (1.8%).
Reinsurance Inflows and Growth
Reinsurance inflows reached EUR 905 million (including Triglav/Prima EUR 630 million); excluding that deal, inflows were EUR 275 million (+29% vs EUR 213 million at end‑2024); renewals for 1/1/26 showed >20% increase on renewed business.
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
AGESY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $74.17 | $74.59 | +0.56% |
Aug 27, 2025 | $70.40 | $69.69 | -1.01% |
Feb 27, 2025 | $53.30 | $53.23 | -0.14% |
Nov 06, 2024 | $49.68 | $48.39 | -2.59% |
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.
FAQ
When does ageas (AGESY) report earnings?
ageas (AGESY) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is ageas (AGESY) earnings time?
ageas (AGESY) earnings time is at Aug 12, 2026, Before Open (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 2026 (Q2) is 4.71.