Ageas: FY earnings up 16%
(CercleFinance.com) - The Ageas share is down 1% in Brussels, even after the insurance company announced a 16% rise in its 2020 earnings to 1.
14 billion euros, which it says is thanks to a solid underwriting performance and the favourable impact of the FRESH operations on the general account
The company says that, despite the Covid-19 pandemic, the group has achieved excellent results, benefiting more than ever from its geographical diversification, a well-balanced product portfolio, a strong balance sheet and prudent management.
Ageas' Board of Directors proposes to distribute a gross cash dividend of 2.65 euros per share, representing a payout ratio of 56% of its net income, bang in line with Ageas' dividend policy.
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14 billion euros, which it says is thanks to a solid underwriting performance and the favourable impact of the FRESH operations on the general account
The company says that, despite the Covid-19 pandemic, the group has achieved excellent results, benefiting more than ever from its geographical diversification, a well-balanced product portfolio, a strong balance sheet and prudent management.
Ageas' Board of Directors proposes to distribute a gross cash dividend of 2.65 euros per share, representing a payout ratio of 56% of its net income, bang in line with Ageas' dividend policy.
Copyright (c) 2021 CercleFinance.com. All rights reserved.