Belgian insurer Ageas achieved a profit of 846 million euros in the first half of 2026, a growth of 24.9% compared to the same period last year, despite the impacts of storms in Belgium and Portugal. Operating result reached 776 million euros, with the Life segment contributing 629 million euros and the Non-Life segment contributing 240 million euros. CEO Hans De Cuyper highlighted the strong commercial performance, supported by excellent new business in the Life segment and solid growth in Non-Life. The company completed the acquisition of AG Insurance and sold its stake in Maybank for 1,100 million euros. The combined ratio was affected by adverse weather conditions, adding approximately five percentage points, and totaled 95.2% at the end of June. Insurance premiums reached 12,075 million euros, and the company estimated that net operating result should exceed 1,950 million euros by the end of the year.
Eco27/08/26, 16:01