AGEAS SA/NV FY 2021 RESULTS
Periodical Financial Information
Periodical financial information I FY 21 results I 23 February 2022 | 1 |
Content
Slides used during analyst call | 2 |
Segment information | 16 |
Equity / Solvency | 51 |
Investment portfolio | 63 |
Legal Settlement | 68 |
General Information | 72 |
Periodical financial information I FY 21 results I 23 February 2022 2
Ageas
Main messages
Outstanding results in a challenging environment
Results
Strategy
Capital management
Dividend
- Net result of EUR 945 excl. RPN(i) at top end of the guidance
- Double digit inflow growth thanks to solid commercial performance across regions and businesses
- Full delivery on all Connect21 financial targets
- Impact24 kicked off
- Record cash upstream from OpCos: EUR 725 mio in 2021
- Dividend up to EUR 2.75
Periodical financial information I FY 21 results I 23 February 2022 3
Ageas
Headlines | Strong operating and commercial performance in both |
Life and Non-Life |
Net result driven by strong Life performance but offset by EUR 101 mio RPN(i)
Inflows* up on organic and inorganic growth
Life Technical liabilities strongly up in non-conso
In EUR mio
1,141 | 845 | ||||
181 | |||||
328 | |||||
391 | |||||
570 | 742 | 147 | 277 | ||
92 | |||||
80 | |||||
201 | |||||
144 | |||||
(225) | (16) | ||||
(76) | |||||
FY 20 | FY 21 | Q4 20 | Q4 21 | ||
Life | Non-Life | GA | GA | Non-Life | Life |
In EUR bn
39.8 | |
35.6 | 7.9 |
6.8 | |
28.8 | 31.9 |
FY 20 | FY 21 |
Life | Non-Life |
7.7 8.8
1.7 1.9
6.0 6.9
Q4 20 | Q4 21 |
Non-Life | Life |
In EUR bn
195.9 | 204.4 | |
176.6 | ||
97.9 | 118.1 | 126.2 |
5.0 | 3.2 | 3.0 |
73.7 | 74.6 | 75.2 |
FY 20 | 9M 21 | FY 21 |
Conso | Shadow | Non-Conso |
Excellent Non-Life combined ratio despite | Operating Margin Guaranteed: solid |
significant weather impact (6pp) | investment result and net cap gains |
In % NEP | In bps avg technical liabilities |
Operating margin Unit-Linked within target range
In bps avg technical liabilities
91.3 | 95.4 | 95.0 | 96.0 | 122 | 105 | 40 | |||||
90 | 99 | 35 | 36 | ||||||||
29 | |||||||||||
FY 20 | FY 21 | Q4 20 | Q4 21 | FY 20 | FY 21 | ||||||
FY 20 | FY 21 | Q4 20 | Q4 21 | Q4 20 | Q4 21 |
*Incl. non-consolidated partnerships @ 100% | Periodical financial information I FY 21 results I 23 February 2022 | 4 |
Ageas
Connect21 | All Connect21 targets reached |
95 | 91 | 95 |
2019 | 2020 | 2021 |
52%
88 | 90 | 99 |
2019 | 2020 | 2021 |
35 | |
28 | 29 |
2019 | 2020 | 2021 |
€ 2.75
€ 2.20
20182021
11% | |||||
CAGR | 217% | 193% | 197% | ||
€ 5.1 | |||||
€ 3.7 | |||||
2018 | 2021 | 2019 | 2020 | 2021 | |
Periodical financial information I FY 20 results | I 24 February 2021 | 5 |
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Ageas NV published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 06:38:03 UTC.
