an introduction to ageas
play

An introduction to Ageas Corporate Presentation I June 2020 1 An - PowerPoint PPT Presentation

Sep 04, 2022 •284 likes •564 views

An introduction to Ageas Corporate Presentation I June 2020 1 An international insurance Group with a focus on Europe and Asia ASIA AGEAS SA/NV BELGIUM Life & Non-Life GROSS INFLOWS @ageas part 2019 TOTAL: EUR 15.0 bn 7 partnerships

  1. An introduction to Ageas Corporate Presentation I June 2020 1

  2. An international insurance Group with a focus on Europe and Asia ASIA AGEAS SA/NV BELGIUM Life & Non-Life GROSS INFLOWS @ageas part 2019 TOTAL: EUR 15.0 bn 7 partnerships Internal Reinsurance with Life & Non-Life in 9 markets Life & Non-Life license #1 Life #5 Life in China #2 Non-Life #2 General takaful in Malaysia #1 real estate #2 Life & #4 Non-Life in 33% Thailand 42% 10% 15% Belgium United-Kingdom Continental Europe Asia GROUP NET RESULT 2019 TOTAL: EUR 979 Mio 515 426 CONTINENTAL EUROPE UNITED-KINGDOM Life & Non-Life 109 Non-Life 69 Portugal, Turkey & France #6 private car insurer #2 Life & #3 Non-Life #6 domestic property -16 in Portugal insurer (123) #4 Non-Life in Turkey Belgium UK CEU Asia Reins. General Account Corporate Presentation I June 2020 2

  3. Diversified product portfolio Focus on Individuals & SME LIFE 2019 GROSS INFLOWS LIFE (consolidated entities) mostly guaranteed products GROSS INFLOWS @ageas share 22% 2019 TOTAL: EUR 15.0 bn Unit-Linked Guaranteed products products 30% 78% 70% Guaranteed products Unit-Linked products Life Non Life NON-LIFE 2019 GROSS INFLOWS NON-LIFE (consolidated entities) mostly driven by Motor & Household GROUP NET RESULT 9% 2019 TOTAL: EUR 979 Mio HOUSEHOLD MOTOR 23% 26% 24% 42% ACCIDENT Accident & Health & HEALTH OTHER Motor 76% Household Other Lines Life Non Life INTERNAL REINSURANCE with Life & Non-life license 3 Corporate Presentation I June 2020

  4. Multiple distribution channels to reach our clients DIRECT BANKS AGENTS BROKERS Proven competency in developing strong, long-term and dynamic partnerships with leading companies in their local market Partner’s Ageas’s + Local knowledge & Insurance knowledge & expertise distribution capabilities Corporate Presentation I June 2020 4

  5. Management structure EXECUTIVE COMMITTEE Emmanuel Bart De Smet Christophe Boizard Antonio Cano Filip Coremans Van Grimbergen CEO CFO COO CDO CRO MANAGEMENT COMMITTEE Gary Crist Hans De Cuyper Ant Middle Steven Braekeveldt CEO Asia CEO Belgium CEO United Kingdom CEO Continental Europe Four geographic segments supported by a lean corporate Head Office Corporate Presentation I June 2020 5

  6. Sustainable development Ageas committed to adhering to the entire set of UN Based on a detailed mapping of its current products and investments and its core competences, Ageas has chosen to actively work around 10 out of the 17 goals. Ageas Group has committed to incorporate ESG issues into its investment analysis and decisions and signed on behalf of all its consolidated entities the UN PRI Corporate Presentation I June 2020 6

  7. A PROFILE OF PROFITABLE GROWTH Corporate Presentation I June 2020 7

  8. Consistent inflow growth  Belgium  UK  Continental Europe  Asia CAGR +8% in EUR bn 35.9 34.4 33.8 31.5 29.2 25.2 22.6 20.0 21.0 24.3 20.7 17.8 15.9 11.4 9.3 7.4 4.3 5.6 5.4 6.1 5.2 5.2 5.4 3.2 2.1 1.7 2.2 2.2 2.3 2.5 1.8 2.0 6.9 6.6 6.1 6.1 6.0 5.9 5.7 5.7 2012 2013 2014 2015 2016 2017 2018 2019 All non-consolidated partnerships have been included at 100% Excluding UK Life and Hong Kong Corporate Presentation I June 2020 8

  9. Underlying Group net profit capacity of EUR 850-950 mio INSURANCE NET PROFIT  Belgium  UK 1,103  Continental Europe  Asia 960  Reinsurance 721 8 797 In EUR mio 755 515 737 2 293 8 654 624 170 394 172 272 142 193 128 118 109 56 3 77 69 87 64 117 70 29 90 30 100 108 438 426 415 392 391 384 335 324 (16) (156) 2012 2013 2014 2015 2016 2017 2018 2019 (261) 15 (694) (337) 12 (123) General Account 119 (85) 476 770 27 623 809 979 GROUP NET PROFIT 743 570 Corporate Presentation I June 2020 9

  10. Disciplined cash upstream from local entities Upstream more than covering dividend and holding costs  Belgium  UK  Continental Europe 632  Asia 622  Reinsurance 8 87 In EUR mio 548 92 516 488 488 86 HQ & RO 132 85 77 438 440 expenses 89 44 106 43 48 52 19 53 36 47 50 82 150 Paid 437 415 416 64 391 dividend 333 294 268 168 Upstream during 2013 2014 2015 2016 2017 2018 2019 2019 based on net result of year before Corporate Presentation I June 2020 10

  11. Strong Solvency II ageas position In EUR bn 8.6 8.0 7.9 7.7 7.1 6.4 6.3 6.1 5.8 Own Funds 4.0 4.0 1.5 3.7 1.3 3.2 1.1 3.0 2.9 2.8 1.0 2.7 1.0 1.0 0.9 0.8 0.8 2.4 0.7 0.6 0.1 0.7 0.6 0.6 0.5 0.5 0.5 0.2 0.4 0.1 0.1 (0.3) (0.5) (0.6) 0.3 0.1 SCR (1.7) (1.6) (1.8) FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 FY 18 9M FY 19 19 19 19 19 19 19 19 19 Non EU Non-controlled participations* Solvency II ageas 235% 209% 221% 167% 168% 179% 178% 142% 170% 196% 188% 173% 215% 199% 217% 241% 238% 243% in % Corporate Presentation I June 2020 11

  12. Solid & diversified investment portfolio Stable asset mix & high quality investments Sovereign bond portfolio: over 99% Corporate bond portfolio: over 91% Total investment portfolio investment grade – EUR 6.4 bn UG/L investment grade – EUR 1.5 bn UG/L 3%1% 7% 7% 4% 14% 15% 5% 6% 4% 12% 13% 7% EUR 38.4 bn EUR 84.3 bn 46% 48% EUR 20.8 bn 7% 25% 17% 59% Belgium France Austria Sovereign bonds Corporate bonds Banking Other financials Loans Equities Portugal Italy Spain Real Estate Cash Non Financials Government related Germany Ireland Other Loan portfolio Equity portfolio: EUR 0.8 bn UG/L Real Estate portfolio: EUR 1.9 bn UG/L not reflected in equity 5% 5% 5% 2% 17% 10% 46% 21% 11% 52% EUR 5.6 bn EUR 4.6 bn EUR 11.1 bn 20% 72% 23% 11% Loans to banks RE Investment offices Car parks Infrastructure Mortgages Equities Equity funds Investment Retail RE Development Other Investment warehouses RE funds Mixed funds & others Corporate Presentation I June 2020 12

  13. 4 REGIONS, 14 COUNTRIES Corporate Presentation I June 2020 13

  14. Belgium A market leader with robust profit levels #1 Life 29% market share #2 Non-Life 16% market share #1 Real Estate EUR 6.5 bn real estate value BELGIUM INSURANCE NET PROFIT 438 2019  426 Non-Life 415 Policyholders Gross Inflows  Life 392 391 384 (@ageas ’ share) in EUR mio 335 3 mio 55 146 125 324 128 EUR 5.0 bn 102 103 61 65 336 2019 2019 302 292 288 287 281 274 260 Net Result Combined ratio EUR 426 mio 95.2 % 2012 2013 2014 2015 2016 2017 2018 2019 Corporate Presentation I June 2020 14

  15. United Kingdom Focus on restoring profitability #6 Private car #6 Domestic property Active customers Brokers Staff 5 mio 2,300 3,200 2019 GROSS INFLOWS (@100%) UK INSURANCE NET PROFIT EUR 1.7 bn In EUR mio 2% 8% 117 108 21% 100 87 69 30 29 69% Accident & Health Motor (156) Household Other Lines 2012 2013 2014 2015 2016 2017 2018 2019 Excl. Net result UK Life Corporate Presentation I June 2020 15

  16. Continental Europe Portugal 3rd home market 3 markets : Portugal, France and Turkey (Italy divested in 2017 & Luxembourg in 2018) #2 in Life and #3 in Non-Life in Portugal #4 Non-Life in Turkey 2019 Gross Inflows 2019 Combined ratio 2019 Net Result Staff (@ageas share) EUR 109 mio EUR 2.2 bn 2,300 91.2% 2019 GROSS INFLOWS CONTINENTAL EUROPE INSURANCE NET PROFIT (@100%) EUR 3.2 bn In EUR mio Divestments 193 Non-Life Life 77 118 44% 109 90 56% 15 77 70 53 64 56 49 73 41 32 14 37 11 62 54 50 49 44 45 36 33 Life Non-Life 2012 2013 2014 2015 2016 2017 2018 2019 Corporate Presentation I June 2020 16

  17. Asia A fast growing contribution Partnerships in 9 markets : China, India, Malaysia, Thailand, Vietnam, Philippines, Singapore, Laos, Cambodia #5 Life in China #1 General in Malaysia #3 Life & #4 Non-Life in Thailand GROSS INFLOWS (@100%, in EUR bn) EXPANDING OUR REACH THROUGH PARTNERSHIPS X3 24.3 20.0 21.0 18.0 16.5 2019 2015 2016 2001 2004 2008 11.9 India 9.8 Malaysia The Philippines Laos Thailand India 7.9 Royal Sundaram East West Cambodia Maybank Muang Thai IDBI Federal Life General Insurance Muang Thai Ageas Life China Hong Kong Taiping Life Vietnam AICA* 2012 2013 2014 2015 2016 2017 2018 2019 Military Bank ASIA INSURANCE NET PROFIT *AICA was sold in 2016 In EUR mio 515 Divestments 12 Non-Life 394 2019 Combined ratio 2019 Gross Inflows 2019 Net Result Life (@ageas share) 293 272 199 24 100.9 % EUR 6.2 bn EUR 515 mio 13 503 172 170 142 129 27 17 16 269 259 8 21 168 156 152 121 122 2012 2013 2014 2015 2016 2017 2018 2019 Corporate Presentation I June 2020 17

  18. STRATEGY Corporate Presentation I June 2020 18

  19. Connect 21, our 3-year strategic plan An evolution from the past & preparing for the future 2015 2018 2009 2012 Insurance & Prepare for Financial Stabilization beyond the future repositioning  Focus on long term sustainable growth  Keeping all stakeholders in mind Solid insurance Create an Regain  Offering additional services & company in Ageas identity confidence Europe & Asia products  Increased leveraging of technology Corporate Presentation I June 2020 16

Recommend

2018 2 AGENDA 01 03 05 AGEAS RECOGNITION GROUP PORTUGAL 02 02 02 04 FOUR COMMERCIAL

2018 2 AGENDA 01 03 05 AGEAS RECOGNITION GROUP PORTUGAL 02 02 02 04 FOUR COMMERCIAL

W E L C O M E T O A G E A S G R O U P P O R T U G A L 2018 2 AGENDA 01 03 05 AGEAS RECOGNITION GROUP PORTUGAL 02 02 02 04 FOUR COMMERCIAL AGEAS BRANDS GROUP 3 01 AGEAS GROUP 01 Included in the BEL20 index Belgium,

587 views • 26 slides
Debt Investor Presentation FY 2018 Executive summary Ageas group International insurance

Debt Investor Presentation FY 2018 Executive summary Ageas group International insurance

Debt Investor Presentation FY 2018 Executive summary Ageas group International insurance group with focus on Europe & Asia Diversified product portfolio with focus on individuals & SME Solid & diversified investment

669 views • 34 slides
FY 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment

FY 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment

FY 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment information 16 Equity / Solvency/ FCG 49 Investment portfolio 62 Legal Settlement 67 General Information 76 Main messages Ageas reports record

1.03k views • 81 slides
9M 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment

9M 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment

9M 2017 RESULTS Periodical Financial Information Analyst call 3 Table of contents Segment information 17 Equity / Solvency/ FCG 48 Investment portfolio 59 Legal Settlement 64 General Information 67 Main messages Ageas reports strong

1.03k views • 71 slides
INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION

INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION

TRAINING COURSE ON SOCIAL PROTECTION & FORMALIZATION TRINIDAD AND TOBAGO MARCH 15, 2017 INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION INTRODUCTION Design of the NIS Assistance from the

547 views • 23 slides
INTRODUCTION Introduction 2/42 INTRODUCTION Alternations I am giving bread to the

INTRODUCTION Introduction 2/42 INTRODUCTION Alternations I am giving bread to the

Patterns of variation in the expression of case and agreement Andrs Brny Leiden University Centre for Linguistics 9 November 2019, BaSIS Workshop a.barany@hum.leidenuniv.nl INTRODUCTION Introduction 2/42 INTRODUCTION

1.37k views • 42 slides
Introduction Introduction Introduction Introduction Outline Motivation Failures

Introduction Introduction Introduction Introduction Outline Motivation Failures

Introduction Introduction Introduction Introduction Outline Motivation Failures Definition and concepts Process and product properties Principles SE Approaches Motivation Software and the economy The economies of

1.03k views • 49 slides
Introduction Introduction Introduction Nationwide Cause for Concern 1

Introduction Introduction Introduction Nationwide Cause for Concern 1

Introduction Introduction Introduction Nationwide Cause for Concern 1 https://www.cdc.gov/std/stats17/infographic.htm Introduction Epidemiology in Western Colorado CPHE Surveillance Data Report, May 2018 Chlamydia Epidemiology in Western

977 views • 39 slides
DAQ introduction Purpose of this talk : (1) Introduction for those who have not been in every

DAQ introduction Purpose of this talk : (1) Introduction for those who have not been in every

DAQ introduction Purpose of this talk : (1) Introduction for those who have not been in every meeting (2) Some ideas of diagrams for section 7.1 (Introduction) of TP. Giles Barr 25 Jan 2018, Pembroke College On DUNE, the reality is there is a

474 views • 10 slides
INTRODUCTION cf. Schneider, Chapter 1 INTRODUCTION THEY ARE OUT TO GET YOU INTRODUCTION WHAT

INTRODUCTION cf. Schneider, Chapter 1 INTRODUCTION THEY ARE OUT TO GET YOU INTRODUCTION WHAT

ADVANCED COMPUTER SECURITY INTRODUCTION cf. Schneider, Chapter 1 INTRODUCTION THEY ARE OUT TO GET YOU INTRODUCTION WHAT IS SECURITY? A systems security policies describe What the system is supposed to do Store and provide access

479 views • 16 slides
Overview Introduction to SMIL Introduction to W3C and XML Introduction to SMIL

Overview Introduction to SMIL Introduction to W3C and XML Introduction to SMIL

Overview Introduction to SMIL Introduction to W3C and XML Introduction to SMIL Writing a SMIL file Adding Media Objects Martin Halvey Clipping media files January 2008 Timing and Synchronising Layout World Wide

387 views • 14 slides
14 Introduction Introduction Bad guys can put malware into Example: hosts

14 Introduction Introduction Bad guys can put malware into Example: hosts

Introduction Introduction source Encapsulation ISO/OSI reference model message M application segment H t H t M transport network datagram H n H n H t M presentation: allow applications to frame link H l H n H t M interpret

583 views • 4 slides
Previous Lecture Introduction to SMIL 2 Introduction to W3C and XML Introduction to SMIL

Previous Lecture Introduction to SMIL 2 Introduction to W3C and XML Introduction to SMIL

Previous Lecture Introduction to SMIL 2 Introduction to W3C and XML Introduction to SMIL Writing a SMIL file Adding Media Objects Martin Halvey Clipping media files January 2008 Timing and Synchronising Layout

322 views • 8 slides
Lecture 1 Andreas Habegger Introduction Zynq Introduction Zynq Introduction Zynq PS vs. PL

Lecture 1 Andreas Habegger Introduction Zynq Introduction Zynq Introduction Zynq PS vs. PL

Introduction Zynq Lecture 1 Andreas Habegger Introduction Zynq Introduction Zynq Introduction Zynq PS vs. PL Processing System Processor Peripherals Data Buses AXI Bus Conclusion BTE5380 - Embedded Systems Octobre 2014 Andreas Habegger

1.81k views • 30 slides
2018.06 01 SMILE5 Introduction S E 5 02 Alpha Cloud M I L 03 Company Introduction 04

2018.06 01 SMILE5 Introduction S E 5 02 Alpha Cloud M I L 03 Company Introduction 04

2018.06 01 SMILE5 Introduction S E 5 02 Alpha Cloud M I L 03 Company Introduction 04 Project References S E 5 PART.1 SMILE5 Introduction M I L Introduction STORION-SMILE5 Residential Energy Storage System Inverter 5kW Output Input

1.06k views • 25 slides
Introduction to CICS Course introduction Course introduction What is CICS? What is an

Introduction to CICS Course introduction Course introduction What is CICS? What is an

Introduction to CICS Course introduction Course introduction What is CICS? What is an application server? Why use an application server? Course introduction Services provided by CICS How CICS applications are defined Scaling CICS to meet

1.84k views • 146 slides
Network Visualization Introduction Presented by Shahed Introduction Introduction Basic

Network Visualization Introduction Presented by Shahed Introduction Introduction Basic

Network Visualization Introduction Presented by Shahed Introduction Introduction Basic building blocks Node Links (relationship between nodes) Spatial information Network data

584 views • 9 slides
Introduction Introduction (1) Main argument of the paper: universities are not only

Introduction Introduction (1) Main argument of the paper: universities are not only

Le jugement des pairs comme outil de management des universits Peer-review as a management tool Christine Musselin (CSO, Sciences Po et CNRS) Avril 2013, Lirrsistible ascension du capitalisme acadmique Introduction Introduction (1)

590 views • 28 slides
JABLOTRON JA-100 introduction November 2011 Introduction Todays goals First introduction of

JABLOTRON JA-100 introduction November 2011 Introduction Todays goals First introduction of

JABLOTRON JA-100 introduction November 2011 Introduction Todays goals First introduction of the brand new JA-100 alarm system Visions Basic architecture System components Setting Help us with final validations You are the FIRST ones

1.69k views • 111 slides
Introduction Introduction to storage and to storage and filesystems filesystems Introduction

Introduction Introduction to storage and to storage and filesystems filesystems Introduction

Moreno Baricevic Gilberto Daz Axel Kohlmeyer Stefano Cozzini ULA ICTP CNR-IOM DEMOCRITOS Merida, VENEZUELA Trieste, ITALY Trieste, ITALY Introduction Introduction to storage and to storage and filesystems filesystems Introduction

1.19k views • 51 slides
1 Introduction Introduction Communication System Baseband an adjective that describes

1 Introduction Introduction Communication System Baseband an adjective that describes

Introduction Introduction Physical Layer Mobile network Global ISP Provides the means to transmit bits Basic Concepts of from sender to receiver, Data Transmission Defines the mechanical, electrical, and Home network timing

463 views • 7 slides
Welcome! Todays Agenda: Topic Introduction Course Introduction Team Practical

Welcome! Todays Agenda: Topic Introduction Course Introduction Team Practical

INFOGR Computer Graphics Jacco Bikker - April-July 2015 - Lecture 1: Introduction Welcome! Todays Agenda: Topic Introduction Course Introduction Team Practical Details Assignments Field Study State of

869 views • 62 slides
Introduction (00) RNDr. Martin Madaras, PhD. madaras@skeletex.xyz Introduction Introduction

Introduction (00) RNDr. Martin Madaras, PhD. madaras@skeletex.xyz Introduction Introduction

Virtual and Augmented Reality Introduction (00) RNDr. Martin Madaras, PhD. madaras@skeletex.xyz Introduction Introduction Who am I? What do I do here? 2 About me Short research bio: - 2014 - finished PhD at FMFI UK - 2014 2016 -

1.3k views • 39 slides
PRESENTATION The Introduction What is the Introduction ? The introduction prepares the audience

PRESENTATION The Introduction What is the Introduction ? The introduction prepares the audience

PRESENTATION The Introduction What is the Introduction ? The introduction prepares the audience for your presentation. It tells them what your presentation is about, why it is important, and finally, what to listen for in your speech. Get the

505 views • 3 slides

More recommend