Ageas achieves €1 billion net profit in Insurance, and “incredible” turnover in Asia

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The year 2021, however marked by the severe floods of last July, will have been very good for Ageas, the parent company of AG Insurance. Its net result amounts to 845 million “thanks to an excellent performance in life”, said the statement released on Wednesday. As for the premiums collected, they crossed the 40 billion euro mark (+12%). “I am very happy and proud that in this year marked by a difficult economic environment, rising inflation and extreme weather, all of our businesses recorded solid commercial and operational performances”, explained CEO Hans De Cuyper. Who bets on a profit of around 1 billion in 2022.

“Given the excellent performance of 2021”the Board of Directors (BoD) is proposing a gross dividend of 2.75 euros corresponding to a profit distribution rate of 52%.

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