For the first half of 2026, Ageas delivered a broad-based beat versus company-compiled consensus, with earnings that look ahead of our full-year forecast. However, operating capital generation continues to be a concern for us and, we think, the market.
Ageas has continued to gain market share in its core domestic life and savings and nonlife businesses.
Ageas still has legacy instrument issues that have the potential to weigh on and dilute earnings.
|
Metric
|
AGS
|
NN
|
CS
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.57 | 10.73 | 15.48 |
Price/Book Value | 1.51 | 0.95 | 1.94 |
Price/Sales | 1.31 | 1.46 | 0.78 |
Price/Cash Flow | 8.42 | — | — |
|
Metric
|
AGS
|
NN
|
CS
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 7.65 | 2.95 | 14.65 |
|
Metric
|
AGS
|
NN
|
CS
|
|---|---|---|---|
Return on Assets (Normalized) | 2.03% | 0.91% | 1.31% |
Return on Equity (Normalized) | 23.18% | 8.80% | 18.43% |
Return on Invested Capital (Normalized) | 12.57% | 5.37% | 7.55% |
|
1-Day Chart
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Morningstar Rating for Stocks
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United States