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Our Financials

Key figures

2015 was another good year for Ageas. It was also a year in which Vision 2015 was brought to a close, and Ambition 2018 was launched to the market accompanied by refined targets.



Ageas delivered a strong insurance profit in 2015 underpinned by a record performance in Asia and solid results in Belgium. This was achieved against a backdrop of volatile equity markets in Europe and Asia. Inflows increased across both Life and Non-Life and the balance sheet remained strong, with solvency levels ahead of target, and a solid net cash position. The combined ratio improved, despite the impact of the UK December floods, and thanks in particular to an excellent operating performance in Belgium and Continental Europe.



2015 was also a year in which Ageas delivered for its shareholders culminating in a proposed gross cash dividend of EUR 1.65 per share.

Gross inflows (100%)

2
9
.
8

billion

Life: EUR 23.5 billion
Non-Life: EUR 6.3 billion

Group net result

7
7
0

million

Insurance: EUR 755 million
General Account: EUR 15 million

Life technical liabilities

7
4
.
1

billion

Combined ratio

9
6
.
8
%

Ahead of the refined 97% target. Excellent operating performance in Belgium and Continental Europe partly offset by the impact of the December UK floods.

Shareholders' equity

1
1
.
4

billion

Or EUR 53.59 per share.

Insurance Solvency I

2
2
6
%

Solid solvency ratio and higher than prior year (206%).

Insurance Solvency II Ageas

1
8
2
%

Comfortably above the 175% target.

Gross dividend 2015 proposal

1
.
6
5

In line with the Ageas dividend policy to pay out 40 to 50% of the Insurance net profit. An increase of 6.5% compared to 2014.

Net cash position
 

1
.
3

billion

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Financials Ageas

TESTJE

in EUR million   FY 2015 FY 2014
 
Gross inflows (incl. non-consolidated partnerships at 100%) 29,791.5   25,781.3
  - of which inflows from non-consolidated partnerships 19,124.8   15,381.9  
Gross inflows at Ageas's part  13,705.0   12,463.9
Net result Insurance attributable to shareholders 755.1   736.8 
By segment:
  - Belgium 383.7   391.5
  - UK 29.5   117.4
  - Continental Europe 70.0   56.0
  - Asia 271.9   171.9
By type:
  - Life 572.7   533.1
  - Non-Life 187.2   154.3
  - Other (4.8) 49.4
 
Net result General Account attributable to shareholders 15.1   (261.2)
Net result Ageas attributable to shareholders 770.2   475.6
 
Life Technical Liabilities (in EUR billion) 74.1   74.8
Life operating margin Guaranteed 0.90%  0.50% 
Combined ratio 96.8%  99.6% 
Total solvency ratio Insurance 226%  206% 
 
Weighted average number of ordinary shares (in million)   215.5   223.1
Earnings per share (in EUR)   3.57   2.13
Shareholders' equity 11,376   10.223
Net equity per share (in EUR)   53.59   46.60
 
Return on Equity - Insurance 7.9%  8.8%  
Return on Equity - Insurance (excluding unrealised gains & losses) 11.0%  11.4%  

Financials General Account

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