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Ageas SA/ NV AGESY

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Morningstar’s Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Ageas' Reports Good Q1 2021; Model Rolled, FVE Increased, Shares Fairly Valued

Analyst Note

| Henry Heathfield, CFA |

Ageas has reported net income for the first quarter of 2021 of EUR 296 million. On the back of this, Ageas has strengthened its guidance to EUR 900 million to EUR 950 million. Having rolled our model, we increase our estimate of fair value to EUR 52.6 per share.

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Company Profile

Business Description

Ageas is a life and nonlife insurer covering Belgium, the rest of Europe, and Asia.

Contact
Rue du Marquis 1/Markiesstraat 1, Box 7
Brussels, 1000, Belgium
T +32 25575711
Sector Financial Services
Industry Insurance - Diversified
Most Recent Earnings Dec 31, 2016
Fiscal Year End Dec 31, 2021
Stock Type
Employees 10,045

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