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Ageas: FY 2021 earnings down 26%

( - Ageas has reported a 26% drop in 2021 earnings to 845 million euros, albeit at the top end of its earnings forecast range, thanks to an excellent performance by its life business, where net profit rose by 30% to 742 million euros.

In a year marked by a difficult economic situation, increasing inflation and extreme weather conditions, all the group's businesses delivered strong commercial and operational performances, management said.

Adding that it had achieved all financial targets by the end of the Connect21 strategic cycle, the Belgian insurance company intends to propose a gross cash dividend of 2.75 euros per share for the past year.

The share is currently up about 6% in Brussels.

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