Ageas SA/ NV
AGS: XBRU (BEL)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€68.20 | Zvpln | Rbrz |
Ageas Earnings: Mid- To High-Single-Digit Decrease in Net Income
Ageas has reported average results for the first six months of the year. Management reiterates a target for a net operating result of between EUR 1.1 billion and EUR 1.2 billion for the full year. The operating free capital the business has generated over the last six months is EUR 492 million. As a result, management has announced the payment of a EUR 1.5 interim dividend per share, equal to around EUR 275 million. Ageas reiterated an average growth rate of 6% to 10% for its dividends per share.