Ageas Reports a 33% Increase in Operating Results for 2025

Strong Performance Across All Segments

Ageas recorded a net operating result of 1.65 billion euros in 2025, marking a 33% increase compared to the previous year. This rise particularly reflects an exceptional Non-Life performance across each group segment. The Life segment also contributed to this outcome, benefiting from improved margins in Belgium and Europe, as well as a new tax base in China. Regarding premium income, the group achieved a 9% growth, supported by strong commercial performance of its Life business across all regions. These results enabled the group to offer its shareholders a total gross dividend of 3.75 euros, in line with its previous commitments.

Strategic Acquisitions and Expansions

The year 2025 was marked by two significant strategic operations within Ageas's portfolio. The acquisition of Esure positions the group as the third-largest personal insurer in the UK, while obtaining full ownership of AG solidifies its presence as the leading insurer in Belgium. These operations are part of the group's diversification strategy, which relies on the expansion of its consolidated cash-generating entities in Europe, maintaining a strong presence in growing Asian markets, and establishing Reinsurance as a cross-sectional activity. In this context, the group also indicated that it had raised its financial targets twice during the year as part of its Elevate27 strategy.

Advancements in Environmental, Social, and Governance Responsibility

The group reports progress in environmental, social, and governance responsibility. Its portfolio of sustainable products continued to grow during the fiscal year. Ageas ranks in the top quartile among three of the five ESG rating agencies that follow it, reflecting its efforts in sustainability. The group also highlights positive recognition from its employees and customers.