Ageas SA/ NV

AGS: XBRU (BEL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€43.90	Svpqb	Wkv

Ageas Earnings: Mid- To High-Single-Digit Decrease in Net Income

Henry Heathfield

Aug 30, 2023

Ageas has reported average results for the first six months of the year. Management reiterates a target for a net operating result of between EUR 1.1 billion and EUR 1.2 billion for the full year. The operating free capital the business has generated over the last six months is EUR 492 million. As a result, management has announced the payment of a EUR 1.5 interim dividend per share, equal to around EUR 275 million. Ageas reiterated an average growth rate of 6% to 10% for its dividends per share.

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