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Company profile

Ageas

TypeListed international insurance groupHeadquarters / anchor marketBelgiumLinesLife and healthProperty and casualtyThemesCompany referencesInsurance groupsSource reviewLast reviewed

Ageas is a Belgian listed insurance group built from wholly controlled operations and material partnerships. That ownership mix is distinctive: premium inflows, consolidated earnings and participation results do not all represent the same economic interest or accounting perimeter.

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Company at a glance

  • Headquarters: Brussels, Belgium
  • Listed/legal parent: ageas SA/NV, listed in Brussels
  • Core insurance businesses: life and non-life insurance through controlled businesses and partnerships
  • Main markets: Belgium, the United Kingdom, continental Europe and Asia
  • Reporting currency: EUR
  • Financial year-end: 31 December
  • Regulatory context: Belgian and EU Solvency II group supervision, with local rules and ownership treatment for partnerships

Business and operating structure

ageas SA/NV is the holding parent. AG Insurance is the core Belgian insurer, while the group also has controlled UK and continental European businesses and partnership interests across Asia. Joint ventures and associates can be economically important without being consolidated like a wholly owned subsidiary.

Key insurance activities

Ageas participates in life, savings, health and property-and-casualty markets, with local partners often providing distribution and market access. Product and channel mix vary substantially between Belgium, the UK and Asian ventures. Group inflows therefore aggregate activity with different ownership shares and accounting treatment.

Scale and current reporting context

The consolidated year ends on 31 December and the presentation currency is euros. FY2025 reporting provides the current view of inflows, net operating result and solvency. Inflows are a company-defined volume measure and are not equivalent to IFRS insurance revenue.

Legal-entity, brand and subsidiary distinctions

AG Insurance is a regulated Belgian insurer rather than another name for the listed parent. Partnership brands and local companies may be jointly controlled or minority-owned. A figure described as Ageas's share of a result is different from the underlying venture's full business volume.

Capital, ratings and regulatory context

The group Solvency II disclosure reflects the regulatory treatment of controlled entities and participations. Ratings for AG Insurance or another subsidiary cannot be generalized to the entire portfolio. Comparisons should identify ownership percentage, consolidation method and whether the metric is inflow, revenue or attributable earnings.

What matters when comparing Ageas

For Ageas, comparison turns on ownership percentages and the accounting treatment of partnerships.

Related intelligence

Sources and methodology

  • Annual report — Ageas; FY2025; Ageas group and report-defined entities/segments.
  • Full-year results — Ageas; FY2025, released 2026-02-25; Ageas group, with Belgium, Europe, Asia, reinsurance, Life and Non-Life segments.
  • Solvency/SFCR — Ageas; 31 Dec 2025; Ageas group under the SFCR's consolidation and participation rules.
  • Public ratings document — S&P Global Ratings, linked by Ageas; Rating action 2025-04-17; ageas SA/NV and specifically named core subsidiaries.
  • Exchange/listing — Euronext; Current listing; ageas SA/NV, ISIN BE0974264930, Euronext Brussels.