Key-events for the Ageas Group in 2023
Another year, another set of challenges but also a number of remarkable achievements for the Ageas Group. Here are some of the key highlights of the year.
The Top Employer certification recognises organisations dedicated to the implementation of a stimulating working environment for employees.
Ageas Corporate Centre, AG and AG Real Estate in Belgium, and Ageas UK have all been re-certified by the Top Employers Institute for among other things, company strategy & culture, the onboarding & integration of new employees, training & development offerings, employee involvement and a work environment embracing new ways of working. Ageas Asia was also named among “Best Companies to Work for in Asia 2023” and similar recognitions were received in India and Türkiye.
Through Impact24, Ageas engaged to stimulate its customers towards a more sustainable world by developing and launching a wide range of sustainable products.
Sixty participants, including underwriters, actuaries, and product developers from different countries, came together to participate in a two-day challenge to work on five important societal themes (Savings, Well-being, Green Mobility, Sustainability Housing and Inclusivity) with a goal to create scalable and sustainable product propositions and inspire new concepts.
Ageas delivered solid results and momentum in first year of Impact24 strategy.
Thanks to a strong operating performance across all regions, the Group’s net result exceeded EUR 1 billion despite the challenging market conditions. The Group’s solid balance sheet allowed it to propose to its shareholders a total gross dividend of EUR 3 over 2022.
The move to a new headquarters building is part of Ageas’s corporate strategy that puts well-being and sustainability front and centre.
Close to 200 corporate centre employees made the move to the recently renovated Manhattan building in Brussels, underscoring the Group’s strong commitment to providing its employees with a Great place to Grow. The new offices are designed to encourage learning and innovation, collaboration and teamwork, while promoting well-being and a positive environment for daily performance.
Following the requisite regulatory approvals, Wim Guilliams took up the reins of the Ageas Group CFO role and joins the Ageas Board of Directors.
In its first report under the new accounting standards, Ageas delivered a strong performance.
The Group reported a EUR 599 million operating result, reflecting a solid performance in Life in China and in Non-Life across all segments. The Group paid out an interim gross cash dividend of EUR 1.5 per share and intends to repeat this on an annual basis going forward.
The decision to divest aligns with Ageas’s strategy to streamline its European portfolio and to concentrate on its core markets in the region.
Ageas transfers its French life insurance, savings and pension business to La Mutuelle Epargne Retraite Prévoyance Carac (“Carac”).
Ageas used this event to confirm to investors its guidance and dividend approach beyond Impact24, while reconfirming its long-term strategy in China, expanding on the successful turnaround of the Group’s business in the UK and sharing the opportunities for future growth as a market leader in Belgium.
Ageas has a long track record in safely deploying AI applications across its value chain wherever it adds value to our customers, our people and our business.
Last year, Ageas announced the roll-out of a unique digital training application across Europe and Asia - the Ageas “Digital Coach”. This interactive tool is designed to upskill insurance and financial advisors through cutting-edge Generative AI technology.
Ageas reached a significant milestone in its embedded insurance journey.
Through its first digital B2B2C sales channels in India, AFLI reached EUR 5 million in inflows in its first year of operation, covering more than 500,000 lives. Plans are underway to export this success to other markets.
