A phone conversation about income: Ageas reports strong results and an increase in dividends.

Ageas (AGS.BR), an international insurance group, demonstrated strong commercial performance in its latest earnings call, with a noticeable increase in both life and non-life streams. The company's net operating result reached €1.17 billion, confidently in the upper half of their forecast.

Key findings:

• Ageas reported an 8% increase in flows at constant exchange rates, with significant growth in Non-life flows.
• The net operating result amounted to €1.17 billion, falling within the upper half of the company's forecast.
• There was strong insurance activity in both the Life and Non-Life segments.
• The operating capital generation amounted to €1.8 billion, and the cash position strengthened to €959 million.
• Ageas expects to receive between €750 and €800 million in recurring dividends in 2024.
• A final dividend of €1.75 per share is proposed, resulting in a total dividend of €3.25 for the year, an increase of 8% compared to the previous year.
• The decision regarding the buyback of shares is still under consideration, and a decision is expected to be made around the middle of the year.
• The capital adequacy ratio in China has increased from 162% to over 280%.
• Ageas remains open to consolidation opportunities in the market and expects high profit growth in Southeast Asia and India.

The prosperity of the company:

• Ageas aims for a net operating result of over €1.2 billion for 2024.
• The company is confident in achieving its strategic goals for Impact24.
• Real estate continues to generate stable rental income, while the parking business is recovering after COVID.