Insurance group Ageas has revised its net operational profit guidance for the fiscal year 2025 upwards, now expecting it to reach between 1.6 and 1.65 billion euros, compared to the previous range of 1.3 to 1.35 billion euros, the company reports.
This revision follows an announcement by China Taiping Insurance Holding (CTIH) of a preliminary earnings forecast for 2025. According to the release, this announcement is related to new regulations from the Chinese Ministry of Finance and the State Administration of Taxation regarding the treatment of corporate taxes in the transition to IFRS 17/9 standards. These regulations require an update of the deferred taxes declared for the fiscal years 2023 and 2024. According to the group, this modification results in a one-time positive impact on deferred taxes, which will be recorded in the annual result for 2025 of Taiping Life, Ageas's Chinese joint venture.
Significant Increase in Guidance
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The adjustment in guidance represents a significant increase compared to initial forecasts. The lower range has increased from 1.3 billion euros to 1.6 billion euros, while the upper range is now set at 1.65 billion euros, up from 1.35 billion previously. This revision exclusively reflects the one-time tax effect associated with the Chinese joint venture, the statement specifies. The group will publish its complete annual results for the fiscal year 2025 on Wednesday, February 25, 2026, at 7:30 AM Paris time.
About Ageas
Ageas is a publicly traded international insurance group of Belgian origin, boasting 200 years of experience. According to the release, the group offers life and non-life insurance products as well as reinsurance activities. Ageas focuses its operations in Europe and Asia, and operates notably in Belgium, the United Kingdom, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines. The group employs about 50,000 people and reported an annual turnover of more than 18.5 billion euros in 2024, the company indicates.
Dommages météorologiques significatifs en Belgique et au Portugal affectant les résultats Non-Vie
Cession de la participation malaisienne modifiant le périmètre du groupe
Opportunities identified
Acquisition de 100% d'AG Insurance finalisée
Vente de participation en Malaisie à Maybank pour EUR 1,1 milliard
Renforcement de la présence sur le marché chinois des pensions via investissement dans Taiping Pension
Outlook / guidance
Expected net income: 1 950 millions d'euros
Management commentary: FY 2026 Net Operating Result is expected to exceed EUR 1.95 billion
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