Ageas: share buyback program to coincide with interims
(CercleFinance.com) - ageas are jumping over 5% in Brussels after, on the occasion of its H1 publication, announcingan interim gross cash dividend of E1.
50 per share, as well as the launch of a new E200m share buyback program.
For H1 2024, the Belgian insurance company posted net operating income of E613m, i.e. RoE of 16.4%, fueled by excellent insurance results in both life and non-life.
Premium income rose by 14% to E10.2bn, including increases of 10% in life, driven by solid growth in Asia and a sustained recovery in Europe, and 23% in non-life, with growth in all lines of business.
We are well positioned to maintain our target of net operating income of E1.2bn to E1.25bn for the full year, says CEO Hans De Cuyper, who is also confident of achieving all the targets set under Impact24.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
50 per share, as well as the launch of a new E200m share buyback program.
For H1 2024, the Belgian insurance company posted net operating income of E613m, i.e. RoE of 16.4%, fueled by excellent insurance results in both life and non-life.
Premium income rose by 14% to E10.2bn, including increases of 10% in life, driven by solid growth in Asia and a sustained recovery in Europe, and 23% in non-life, with growth in all lines of business.
We are well positioned to maintain our target of net operating income of E1.2bn to E1.25bn for the full year, says CEO Hans De Cuyper, who is also confident of achieving all the targets set under Impact24.
Copyright (c) 2024 CercleFinance.com. All rights reserved.