The earnings call presented a generally positive outlook with strong financial performance, increased cash upstream, and upgraded targets reflecting Ageas's robust business strategy. However, there are some challenges, particularly in the U.K. market and tax considerations in China.

Company Guidance

During the Ageas conference call, guidance for the fiscal year 2025 was provided, highlighting several key metrics. Ageas reported a strong start under its new strategy, Elevate27, with a 4% increase in inflows at constant FX, driven by a robust performance in the Life segment. The company achieved a combined ratio of 92.1% and a net operating result of EUR 734 million, adjusting to EUR 665 million when accounting for low tax rates in China and favorable weather impacts. Looking ahead, Ageas raised its full-year net operating result guidance to between EUR 1.3 billion and EUR 1.350 billion, incorporating esure's contribution. The guidance assumes a corporate tax rate of 25% in China for the year. Ageas's operational capital generation reached EUR 1.1 billion, and the company anticipates a cash upstream of EUR 940 million for 2025, up 17% from the previous year. Additionally, Ageas plans to distribute an interim dividend of EUR 1.5 per share in December. The company's solvency position remains strong, with a pro forma Solvency II ratio of 205% after accounting for the acquisition of esure and Saga. With these results, Ageas increased its holding free cash flow target to over EUR 2.3 billion and shareholder remuneration targets to more than EUR 2 billion for the Elevate27 cycle.

Strong Start to New Strategy

Ageas reported a solid growth with inflows up by 4% at constant FX, thanks to outstanding commercial momentum in Life. The company delivered a strong net operating result of EUR 734 million, driven by a Non-Life combined ratio of 92.1% and favorable tax conditions in China.

Increase in Cash Upstream and Dividend

Ageas expects cash upstream for 2025 to be EUR 940 million, a 17% increase from 2024. An interim dividend of EUR 1.5 per share will be paid in December, reflecting the company's strong cash position and commitment to shareholder returns.

Upgrade in Financial Targets

The company increased its holding free cash flow target to more than EUR 2.3 billion and shareholder remuneration target to more than EUR 2 billion, driven by strong business results and positive outlook.

Successful Strategic Shift in Asia

In Asia, growth reflected a strategic shift from nonparticipating to participating products, especially in China, which is more capital efficient and less interest rate sensitive.

Solvency and Capital Resilience

Ageas reported a solvency position of 240% at the end of H1 2025, and the pro forma Solvency II ratio including acquisitions would stand at 205%, well above the neutral solvency level of 175%.

ageas (AGESY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AGESY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2026	2025 (Q4)	3.64 / -	3.572	―	―	―
Aug 27, 2025	2025 (Q2)	4.26 / 4.62	3.717	24.16% (+0.90)
Feb 27, 2025	2024 (Q4)	3.34 / 3.57	3.272	9.17% (+0.30)
Nov 06, 2024	2024 (Q3)	- / -	3.563	―	―	―
Aug 28, 2024	2024 (Q2)	3.52 / 3.72	3.563	4.32% (+0.15)
May 15, 2024	2024 (Q1)	- / -	―	―	―	―
Feb 28, 2024	2023 (Q4)	1.61 / 3.27	1.537	112.88% (+1.73)
Nov 08, 2023	2023 (Q3)	1.43 / -	0.795	―	―	―
Aug 30, 2023	2023 (Q2)	1.43 / 3.56	1.316	170.74% (+2.25)
May 10, 2023	2023 (Q1)	1.53 / 1.55	1.202	29.28% (+0.35)	―	―

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
Aug 27, 2025	$71.73	$71.01	-1.00%
Feb 27, 2025	$54.32	$54.24	-0.15%
Nov 06, 2024	$50.62	$49.31	-2.59%
Aug 28, 2024	$47.40	$49.09	+3.57%

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 Feb 25, 2026, Before Open (Confirmed).

What is ageas (AGESY) earnings time?

ageas (AGESY) earnings time is at Feb 25, 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 2025 (Q4) is 3.64.

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