Ageas reports full-year results 2024

Core Insights - Ageas reported a strong financial performance for the year 2024, achieving a Net Operating Result of EUR 1.24 billion, which corresponds to a Return on Equity of 16.3% [2][4][6] - The company experienced significant growth in inflows, totaling EUR 18.5 billion, marking a 10% increase compared to the previous year [2][4] - Ageas successfully completed its Impact24 strategic cycle, meeting all financial targets and most non-financial targets, while enhancing its ESG ratings [4][5][6] Financial Performance - The Net Result for Ageas was EUR 1,118 million, with Operational Capital Generation of EUR 2.2 billion and Operational Free Capital Generation of EUR 1.5 billion [2] - Life inflows increased to EUR 11.7 billion, reflecting a 9% growth, while Non-Life inflows rose to EUR 6.8 billion, a 14% increase [2] - The combined ratio stood at 93.3%, with a Guaranteed Margin of 149 basis points and a Unit Linked Margin of 41 basis points [2] Balance Sheet and Solvency - Comprehensive Equity reached EUR 16.1 billion, equating to EUR 88.14 per share [2] - The Pillar II Solvency II ratio improved to 218%, significantly above the Group's neutral risk appetite [2] - Total Liquid Assets in the general account were EUR 1,066 million as of December 31, 2024, with Life Liabilities excluding UG/L at EUR 91.4 billion [2] Dividend and Cash Position - A total dividend of EUR 3.50 per share was proposed, with a final dividend of EUR 2.00 per share [4][6] - The company maintained a strong cash position, exceeding EUR 1.0 billion [4][6] ESG and Sustainability - Ageas's ESG ratings improved significantly, achieving Top Quartile status from six rating agencies [5][6] - 29% of Gross Written Premiums originated from sustainable products, and EUR 14.6 billion was invested in sustainable assets [5]