ageas AI Stock Analysis
Want to see AGESY full AI Analyst Report?
ageas (AGESY) AI Stock Analysis
ageas
(Other OTC:AGESY)
AGESY scores well primarily on improving financial fundamentals (stronger earnings, profitability, and improving leverage) and particularly attractive valuation (low P/E and high dividend yield). The score is tempered by only moderate technical momentum and noted operating risks from the earnings call, including weather-driven claims pressure, solvency ratio headwinds, and some regional/mix challenges (China) plus one-off impacts.
ageas (AGESY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $18.52B
- Dividend Yield
- 4.93%
- Average Volume (3M)
- 4,139
- Price to Earnings (P/E)
- 8.2
- Beta (1Y)
- 0.36
- Revenue Growth
- 38.89%
- EPS Growth
- 66.43%
- Country
- US
- Employees
- 20,659
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Diversified
ageas Business Overview & Revenue Model
Company Description
ageas SA/NV, together with its subsidiaries, engages in insurance business. The company operates through five segments: Belgium, Europe, Asia, Reinsurance, and General Account. It provides property, casualty, and life insurance products, as well as p...
How the Company Makes Money
Ageas makes money mainly by underwriting insurance and by investing the assets it holds to meet future policy obligations. In non-life insurance, the group collects premiums upfront and aims to pay out less in claims, claims-handling expenses, commis...
ageas Earnings Call Summary
The call conveyed a predominantly positive operational and commercial performance: strong inflows across Life and Non-Life, robust Life profitability, solid capital and cash generation, and an upgraded full-year net operating result and cash upstream guidance. Offsetting headwinds were meaningful weather-related losses that pressured the combined ratio, a decline in the Solvency II ratio driven by several flagged items, a drop in operational free capital generation due to higher capital requirements and one-off upstream items, and some challenges in China (regulatory changes and product-mix pressure). On balance the company demonstrated resilience and strategic progress while acknowledging manageable short-term impacts.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Ageas raised its 2026 net operating result guidance to above EUR 1.95 billion (including a EUR 450 million net capital gain and reflecting ~EUR 30 million lower contribution from Malaysia plus the Etiqa stake sale), assumes a c.3 percentage‑point full‑year weather impact on the combined ratio, and now expects cash upstream above EUR 1.4 billion (up from EUR 1.2 billion and +49% vs. 2025) with more than EUR 1.1 billion already received in H1; operational capital generation remained strong at EUR 1.1 billion (operational free capital generation was EUR 484 million in H1), an interim dividend of EUR 1.5 per share will be paid in December, solvency II was 195% at end‑June, and the Malaysian sale is expected to add roughly 23 percentage points to solvency on closing.
ageas Financial Statement Overview
Summary
Fundamentals are improving with rising revenue and net income into 2025 and TTM 2026, healthy mid-to-high teen net margins, and strong ROE (~19% TTM). Leverage looks manageable and improving (debt-to-equity ~0.58 TTM). Offsetting this, results show meaningful historical volatility (notably 2021–2023 cash flow swings and the 2022 revenue decline), which raises cyclicality/earnings variability risk.
Income Statement
78PositiveBalance Sheet
74PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.65B | 9.04B | 8.48B | 7.88B | 4.89B | 12.91B |
| Gross Profit | 10.65B | 7.91B | 8.48B | 6.94B | 2.82B | 11.69B |
| EBITDA | 440.00M | 2.72B | 2.17B | 2.04B | 2.03B | 2.19B |
| Net Income | 1.88B | 1.64B | 1.12B | 953.00M | 1.10B | 845.00M |
Balance Sheet | ||||||
| Total Assets | 109.84B | 107.07B | 98.45B | 96.69B | 100.30B | 111.14B |
| Cash, Cash Equivalents and Short-Term Investments | 62.23B | 62.26B | 58.96B | 58.78B | 42.14B | 57.19B |
| Total Debt | 7.19B | 7.13B | 4.75B | 4.58B | 4.44B | 4.73B |
| Total Liabilities | 98.33B | 95.57B | 89.66B | 88.19B | 91.67B | 96.97B |
| Stockholders Equity | 10.22B | 9.44B | 7.75B | 7.42B | 6.97B | 11.91B |
Cash Flow | ||||||
| Free Cash Flow | 3.18B | 2.58B | 642.00M | -115.00M | -752.00M | -1.21B |
| Operating Cash Flow | 3.45B | 2.90B | 1.04B | 124.00M | -588.00M | -1.06B |
| Investing Cash Flow | -3.75B | -2.69B | 93.00M | 1.35B | 1.03B | 1.44B |
| Financing Cash Flow | -862.00M | 863.00M | -952.00M | -868.00M | -1.13B | -684.00M |
ageas Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AGESY, the sentiment is Positive. The current price of 88.05 is above the 20-day moving average (MA) of 85.40, above the 50-day MA of 84.84, and above the 200-day MA of 78.89, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 62.39 is Neutral, neither overbought nor oversold. The STOCH value of 80.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AGESY.
ageas Peers Comparison
Overall Rating
HIG81.7Outperform
ACGL81Outperform
AXS78Outperform
AIG77Outperform- AGESY76Outperform
AEG74Outperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HIG | 82Outperform | $36.76B | 8.25 | 24.13% | 1.75% | 4.08% | 34.70% |
| ACGL | 81Outperform | $35.68B | 8.85 | 18.35% | ― | -5.29% | 14.08% |
| AXS | 78Outperform | $7.80B | 7.27 | 17.80% | 1.62% | 10.16% | 7.89% |
| AIG | 77Outperform | $42.96B | 13.41 | 8.18% | 2.29% | 1.19% | 9.77% |
| AGESY | 76Outperform | $18.47B | 8.21 | 19.13% | 4.93% | 38.89% | 66.43% |
| AEG | 74Outperform | $13.01B | 12.09 | 12.23% | 5.63% | 24.97% | ― |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AGESY | Ageas Sa/Nv Sponsored ADR | 88.05 | 23.46 | 36.31% | |
| AEG | Aegon Nv | 8.62 | 1.34 | 18.41% | |
| AIG | American International Group, Inc. | 82.86 | 8.24 | 11.04% | |
| ACGL | Arch Capital | 109.61 | 17.80 | 19.39% | |
| AXS | Axis Capital Holdings | 108.72 | 9.72 | 9.82% | |
| HIG | Hartford Insurance Group Inc | 137.48 | 7.75 | 5.97% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 11, 2026