Ageas: strategic plan for 2019-2021

(CercleFinance.com) - At its annual "Investor Day," Ageas unveiled its three-year strategic plan for 2019-2021, entitled “Connect21,” which is a natural development of its previous “Vision 2015” and “Ambition 2018” strategic plans.


It targets a non-life combined ratio of 96%, a group solvency II ratio of 175%, Life operating margins of 85-95 bps for Guaranteed and 30-40 bps for Unit-Linked products and a Group EPS CAGR of 5%-7% over the three years of the plan.

Ageas also targets a dividend pay-out ratio of at least 50% of net income and a share buyback program of at least 150 million euros per year - unless it makes a sizeable M&A operation.

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