Ageas: mixed reception for new strategic plan

(CercleFinance.com) - Ageas' new strategic plan received a mixed reception on Monday, with the Belgian insurer's shares underperforming both the Brussels Stock Exchange and the European sector index.


At its Investor Day this morning, the Group unveiled its 'Elevate27' plan, which aims to take its performance to a 'superior' level over the period 2025-2027.

In detail, the program translates into three main financial objectives, starting with the forecast of average earnings per share growth of between 6% and 8%.

The plan also calls for the generation of free cash flow of over E2.2bn by end-2027, as well as the payment of at least E1.9bn to shareholders, based on a progressive dividend.

At the operational level, ageas is counting on profitable and sustainable growth in key areas, particularly SMEs, against the backdrop of an ageing population.

Following these announcements, the share was down 0.8% on Monday morning, compared with a gain of 0.3% for the BEL 20 index and the European insurance index.

Nevertheless, the share continues to gain over 19% since the start of the year, compared with +14% for the BEL and +15% for the STOXX Europe 600 Insurance index.


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