Ageas (AGS.BR) Stock Price

Ageas Price

Euronext Brussels·CLOSED
72.20EUR+0.05 (+0.07 %)
Market closed

Revenue at Ageas has contracted by 11.6% per year over the past 19 years to 9.04 B EUR. Earnings per share have grown at 12.9% per year over the last 15 years. For Ageas, the net margin of 18.9% is up versus 6.5% a few years ago. At today's price the dividend yield works out to roughly 4.85%. The payout ratio is around 39% of earnings. The dividend has grown at 5.7% per year over the past 19 years. The consensus 12-month price target for Ageas is 63.24 EUR, about 12.4% below where the stock trades today. Of 16 analysts, 10 rate the stock a buy — an overall Buy consensus. The stock trades about 28% above its 52-week low.

Ageas stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Ageas over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ageas stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ageas's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ageas Stock Price History
DateAgeas Price
8/21/202672.20 EUR
8/20/202672.15 EUR
8/19/202673.10 EUR
8/18/202673.20 EUR
8/17/202673.20 EUR
8/14/202673.15 EUR
8/13/202672.35 EUR
8/12/202672.55 EUR
8/11/202672.70 EUR
8/10/202673.85 EUR
8/7/202674.45 EUR
8/6/202674.20 EUR
8/5/202674.20 EUR
8/4/202674.50 EUR
7/31/202671.90 EUR
7/30/202671.20 EUR
7/29/202670.90 EUR
7/28/202671.65 EUR
7/27/202671.40 EUR
7/24/202671.65 EUR
7/23/202672.60 EUR
7/22/202672.05 EUR
7/21/202670.80 EUR
7/20/202671.10 EUR
7/17/202671.85 EUR
7/16/202671.05 EUR
7/15/202671.70 EUR
7/14/202671.50 EUR
7/13/202670.80 EUR
7/10/202670.75 EUR
7/9/202671.00 EUR
7/8/202671.05 EUR
7/7/202670.65 EUR
7/6/202670.70 EUR
7/3/202670.50 EUR
7/2/202670.40 EUR
7/1/202669.75 EUR
6/30/202670.00 EUR
6/29/202669.05 EUR
6/26/202669.75 EUR
6/25/202669.40 EUR
6/24/202668.90 EUR
6/23/202668.90 EUR
6/22/202668.85 EUR
6/19/202667.20 EUR
6/18/202667.40 EUR
6/17/202667.40 EUR
6/16/202667.40 EUR
6/15/202667.20 EUR
6/12/202666.35 EUR
6/11/202665.80 EUR
6/10/202664.75 EUR
6/9/202664.45 EUR
6/8/202663.50 EUR
6/5/202663.45 EUR
6/4/202663.70 EUR
6/3/202664.20 EUR
6/2/202665.75 EUR
6/1/202666.35 EUR
5/29/202666.90 EUR
5/28/202667.15 EUR
5/27/202668.35 EUR
5/26/202669.15 EUR
5/25/202668.25 EUR
5/22/202668.35 EUR
5/21/202668.10 EUR
5/20/202667.30 EUR
5/19/202666.95 EUR
5/18/202668.20 EUR
5/15/202668.30 EUR
5/14/202668.65 EUR
5/13/202667.60 EUR
5/12/202667.20 EUR
5/11/202667.95 EUR
5/8/202667.15 EUR
5/7/202667.30 EUR
5/6/202667.30 EUR
5/5/202665.70 EUR
5/4/202665.40 EUR
4/30/202666.70 EUR
4/29/202666.55 EUR
4/28/202667.45 EUR
4/27/202667.55 EUR
4/24/202667.90 EUR
4/23/202667.90 EUR
4/22/202668.05 EUR
4/21/202668.60 EUR
4/20/202668.00 EUR
4/17/202668.20 EUR
4/16/202667.70 EUR
4/15/202667.10 EUR
4/14/202668.25 EUR
4/13/202667.35 EUR
4/10/202667.00 EUR
4/9/202666.90 EUR
4/8/202666.15 EUR
4/7/202665.25 EUR
4/2/202664.84 EUR
3/27/202661.72 EUR
3/26/202661.50 EUR
3/25/202662.05 EUR
3/24/202659.50 EUR
3/23/202658.81 EUR
3/20/202659.05 EUR
3/19/202660.56 EUR
3/17/202661.39 EUR
3/16/202660.16 EUR
3/13/202659.65 EUR
3/12/202659.64 EUR
3/11/202660.13 EUR
3/10/202660.40 EUR
3/9/202659.15 EUR
3/6/202659.51 EUR
3/5/202660.74 EUR
2/27/202662.78 EUR
2/26/202663.38 EUR
2/25/202663.21 EUR
2/23/202663.69 EUR
2/20/202663.37 EUR
2/19/202662.79 EUR
2/18/202662.79 EUR
2/17/202662.42 EUR
2/16/202662.20 EUR
2/14/202661.39 EUR
2/12/202662.00 EUR
2/11/202661.91 EUR
2/10/202662.08 EUR
2/9/202662.89 EUR
2/6/202662.96 EUR
2/5/202662.17 EUR
2/4/202662.59 EUR
2/3/202662.53 EUR
2/2/202661.00 EUR
1/30/202659.94 EUR
1/29/202659.66 EUR
1/28/202659.54 EUR
1/27/202658.42 EUR
1/26/202657.91 EUR
1/23/202658.10 EUR
1/22/202659.18 EUR
1/21/202659.43 EUR
1/20/202659.96 EUR
1/19/202661.51 EUR
1/16/202659.66 EUR
1/15/202659.65 EUR
1/14/202658.99 EUR
1/13/202659.17 EUR
1/12/202659.48 EUR
1/9/202659.21 EUR
1/8/202659.76 EUR
1/7/202659.34 EUR
1/6/202660.65 EUR
1/5/202660.95 EUR
1/2/202660.91 EUR
12/31/202559.80 EUR
12/30/202559.88 EUR
12/29/202559.73 EUR
12/24/202559.80 EUR
12/23/202559.91 EUR
12/22/202559.73 EUR
12/19/202558.99 EUR
12/18/202558.94 EUR
12/17/202559.10 EUR
12/16/202558.25 EUR
12/15/202558.33 EUR
12/12/202557.65 EUR
12/11/202557.27 EUR
12/10/202557.12 EUR
12/9/202558.53 EUR
12/8/202557.39 EUR
12/6/202556.99 EUR
12/4/202556.37 EUR
12/3/202556.45 EUR
12/2/202558.36 EUR
12/1/202558.74 EUR
11/28/202558.90 EUR
11/27/202559.15 EUR
11/26/202559.32 EUR
11/25/202558.45 EUR
11/24/202558.06 EUR
11/21/202558.06 EUR
11/20/202558.29 EUR
11/19/202557.72 EUR
11/18/202557.55 EUR
11/17/202558.27 EUR
11/14/202558.29 EUR
11/13/202558.59 EUR
11/12/202558.36 EUR
11/10/202557.32 EUR
11/7/202557.05 EUR
11/6/202557.60 EUR
11/5/202557.71 EUR
11/4/202557.85 EUR
11/3/202558.04 EUR
10/31/202557.39 EUR
10/30/202557.85 EUR
10/29/202557.90 EUR
10/28/202558.18 EUR
10/27/202557.88 EUR
10/24/202557.39 EUR
10/23/202557.23 EUR
10/22/202557.07 EUR
10/21/202557.36 EUR
10/20/202557.18 EUR
10/17/202557.09 EUR
10/16/202557.95 EUR
10/15/202558.44 EUR
10/14/202558.63 EUR
10/13/202558.28 EUR
10/10/202558.26 EUR
10/9/202558.23 EUR
10/8/202558.04 EUR
10/7/202557.80 EUR
10/6/202557.77 EUR
10/3/202558.00 EUR
10/2/202558.50 EUR
10/1/202558.89 EUR
9/30/202558.90 EUR
9/29/202558.35 EUR
9/26/202558.30 EUR
9/25/202557.60 EUR
9/24/202557.83 EUR
9/23/202558.52 EUR
9/22/202558.31 EUR
9/19/202558.06 EUR
9/18/202557.49 EUR
9/17/202557.83 EUR
9/16/202557.89 EUR
9/15/202559.16 EUR
9/12/202559.23 EUR
9/11/202559.10 EUR
9/10/202558.95 EUR
9/9/202558.83 EUR
9/8/202558.52 EUR
9/5/202558.71 EUR
9/4/202558.74 EUR
9/3/202558.49 EUR
9/2/202559.06 EUR
9/1/202559.93 EUR
8/29/202560.18 EUR
8/28/202560.67 EUR
8/27/202561.54 EUR
8/26/202561.55 EUR
8/25/202562.40 EUR
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Ageas Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
7.88 B EUR
1.70 B EUR
953.00 M EUR
Jan 1, 2024
8.48 B EUR
1.86 B EUR
1.12 B EUR
Jan 1, 2025
9.04 B EUR
2.17 B EUR
1.71 B EUR
Jan 1, 2026 (e)
9.17 B EUR
2.11 B EUR
1.51 B EUR
Jan 1, 2027 (e)
9.76 B EUR
2.24 B EUR
1.57 B EUR
Jan 1, 2028 (e)
10.21 B EUR
2.35 B EUR
1.76 B EUR
Jan 1, 2029 (e)
10.30 B EUR
2.36 B EUR
1.76 B EUR
Jan 1, 2030 (e)
10.64 B EUR
2.44 B EUR
1.83 B EUR

Ageas Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 23, 2026, 1:07 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITB EUR
EBIT MARGIN%
NET INCOMEB EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
13.1512.7611.8511.0714.1111.5712.914.897.888.489.049.179.7610.2110.3010.64
-4.57-2.92-7.18-6.5327.39-17.9711.56-62.0961.017.606.661.386.404.660.843.29
90.4891.0190.7590.5292.3490.1290.5957.5488.1287.5987.4687.4687.4687.4687.4687.46
11.9011.6210.7510.0213.0310.4311.692.826.947.437.918.028.538.939.019.30
1.170.601.301.342.141.651.361.671.701.862.172.112.242.352.362.44
8.864.7110.9312.1315.1614.2710.5134.1421.6121.9524.0222.9622.9622.9722.9622.96
0.770.030.620.810.981.140.851.100.951.121.711.511.571.761.761.83
62.11-96.492,207.4129.8621.0116.55-25.9429.82-13.1317.3153.13-11.683.9011.710.283.98
1.551.651.702.102.202.652.654.253.003.253.503.703.914.14––
10.716.453.0323.534.7620.45–60.38-29.418.337.695.715.685.88––
214.15206.07201.80196.80191.58187.29186.29184.37183.84183.18191.13191.13191.13191.13191.13191.13
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ageas generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ageas retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ageas's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ageas has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ageas's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ageas stock margins

The Ageas margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ageas. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ageas.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
90.59 %
10.51 %
6.55 %
Jan 1, 2022
57.54 %
34.14 %
22.42 %
Jan 1, 2023
88.12 %
21.61 %
12.09 %
Jan 1, 2024
87.59 %
21.95 %
13.19 %
Jan 1, 2025
87.46 %
24.02 %
18.93 %
Jan 1, 2026 (e)
87.46 %
22.96 %
16.50 %
Jan 1, 2027 (e)
87.46 %
22.96 %
16.11 %
Jan 1, 2028 (e)
87.46 %
22.96 %
17.19 %

Ageas Stock Revenue, EBIT, Earnings per Share

The Ageas earnings per share therefore indicates how much revenue Ageas has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
69.30 EUR
7.28 EUR
4.54 EUR
Jan 1, 2022
26.54 EUR
9.06 EUR
5.95 EUR
Jan 1, 2023
42.86 EUR
9.26 EUR
5.18 EUR
Jan 1, 2024
46.29 EUR
10.16 EUR
6.10 EUR
Jan 1, 2025
47.32 EUR
11.36 EUR
8.96 EUR
Jan 1, 2026 (e)
49.95 EUR
11.02 EUR
8.24 EUR
Jan 1, 2027 (e)
53.14 EUR
11.72 EUR
8.56 EUR
Jan 1, 2028 (e)
55.62 EUR
12.27 EUR
9.56 EUR

Ageas business model & stock analysis

Ageas S.A. is a European insurance company headquartered in Brussels. It has its origins in Belgium and was founded in 1824 as "Assurances Générales". In 1990, the company was renamed Fortis, and in 2010, Fortis was divided into three parts. Ageas emerged as an independent company from this fragmentation process. Today, Ageas operates in more than 16 countries and offers a variety of insurance products. The company specializes in non-life insurance, life insurance, and asset management. In the non-life insurance sector, Ageas offers products such as auto and household insurance, accident and travel insurance, as well as specialty insurance for businesses. The company's focus is on offering innovative solutions and guaranteeing customers a fast and uncomplicated claims process. In the life insurance sector, Ageas offers a wide range of products, including retirement products, traditional capital insurance, and investment-linked life insurance. The company focuses on offering tailored products that meet individual needs. One of the key business segments for Ageas is asset management. In addition to funds and investment products, the company also offers comprehensive asset management services. Ageas places great importance on long-term and sustainable wealth development and aligns itself with the needs of its customers. In addition to the main business segments mentioned, Ageas is also active in other areas, including pension insurance and health insurance. The company is strongly focused on meeting the needs of its customers and works intensively to develop innovative solutions. Overall, Ageas is an innovative, modern, and future-oriented company that focuses on customer needs. The company not only aims to meet the financial needs of its customers but also provides comprehensive service. Ageas is a company dedicated to long-term development and helps its customers achieve their goals and dreams.

Ageas SWOT Analysis

Strengths

Ageas SA possesses a robust financial position, which provides stability, liquidity, and capacity for growth. Its financial strength enables the company to withstand tough market conditions and make strategic investments to expand its operations.

Ageas SA offers a wide range of insurance and financial products to cater to various customer needs. Its diversified portfolio minimizes the company's reliance on specific market segments and enhances its ability to adapt to changing market trends.

Ageas SA has established a strong brand reputation in the insurance industry. Its recognized brand enhances customer trust and loyalty, giving the company a competitive edge over its peers.

Weaknesses

Ageas SA has a significant concentration of operations in certain geographic markets. This geographic concentration exposes the company to risks associated with regional economic fluctuations and regulatory changes, potentially affecting its financial performance.

Despite being a well-known brand, Ageas SA has a relatively limited market presence compared to some of its larger competitors. This limitation may restrict the company's ability to capture a higher market share and exploit economies of scale.

Opportunities

Ageas SA can explore opportunities for expansion into emerging markets with growing middle-class populations. By entering these markets early, the company can benefit from rising demand for insurance and financial products.

The advancement of digital technologies presents an opportunity for Ageas SA to enhance its customer experience, improve operational efficiency, and develop innovative products and services. Embracing digital transformation can give the company a competitive advantage in the industry.

Threats

Ageas SA operates in a highly competitive insurance industry, facing competition from both traditional insurers and innovative insurtech startups. Intense competition puts pressure on pricing, customer acquisition, and retention, posing a threat to the company's market position.

The insurance industry is subject to regulatory changes that may impact Ageas SA's operations, product offerings, and profitability. Compliance with new regulations may require substantial investments in systems, processes, and resources.

Ageas Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ageas historical P/E ratio, EBIT multiple, and P/S ratio

Ageas annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ageas shares outstanding

The number of shares of Ageas was 191.13 M in 2025. This indicates how many shares Ageas is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
186.29 M Stocks
Jan 1, 2022
184.37 M Stocks
Jan 1, 2023
183.84 M Stocks
Jan 1, 2024
183.18 M Stocks
Jan 1, 2025
191.13 M Stocks
Jan 1, 2026 (e)
191.13 M Stocks
Jan 1, 2027 (e)
191.13 M Stocks
Jan 1, 2028 (e)
191.13 M Stocks

Ageas stock splits

In Ageas's history, there have been no stock splits.

Ageas Dividend History

26 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20253.50EUR↑ 7.7%2×
Jun 4, 20252.00EUR↑ 33.3%1/2
Dec 3, 20251.50EUR↓ 25.0%2/2
20243.25EUR↑ 8.3%2×
20233.00EUR↓ 29.4%2×
20224.25EUR↑ 60.4%2×
20212.65EUR 0.0%1×
20202.65EUR↑ 20.5%2×
20192.20EUR↑ 4.8%1×
20182.10EUR↑ 23.5%1×
20171.70EUR↑ 3.0%1×
20161.65EUR↑ 6.5%1×

Ageas dividend history and estimates

In 2025, Ageas paid a dividend amounting to 3.50 EUR. Dividend means that Ageas distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
2.65 EUR
0.00 EUR
0.00 EUR
Jan 1, 2022
4.25 EUR
0.00 EUR
0.00 EUR
Jan 1, 2023
3.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2024
3.25 EUR
0.00 EUR
0.00 EUR
Jan 1, 2025
3.50 EUR
0.00 EUR
0.00 EUR
Jan 1, 2026 (e)
0.00 EUR
3.70 EUR
0.00 EUR
Jan 1, 2027 (e)
0.00 EUR
3.91 EUR
0.00 EUR
Jan 1, 2028 (e)
0.00 EUR
4.14 EUR
0.00 EUR

Ageas dividend payout ratio

In 2025, Ageas had a payout ratio of 39.07%. The payout ratio indicates the percentage of the company's profits that Ageas distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
58.42 %
Jan 1, 2022
71.43 %
Jan 1, 2023
57.87 %
Jan 1, 2024
53.25 %
Jan 1, 2025
39.07 %
Jan 1, 2026 (e)
44.90 %
Jan 1, 2027 (e)
45.70 %
Jan 1, 2028 (e)
43.26 %

Current Ageas forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
62.50 % (10)
Hold
37.50 % (6)
Sell
0.00 % (0)
12M Price Target
63.24
Last Price
72.20
Currency
EUR
12M Return Potential
-12.41 %
LTM Return
0 %

Ageas Analyst Rating Actions

DateFirmActionRating
7/22/2021
HSBC
HSBC
UpgradeHoldBuy

Ageas Earnings Calls

Ageas Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/9/20231.36EUR--EUR-2023 Q1
2/21/20231.16EUR-2.29 BEUR-2022 Q4
11/9/20221.39EUR-2.19 BEUR-2022 Q3
8/10/20221.17EUR-2.20 BEUR-2022 Q2
5/11/20220.92EUR-2.27 BEUR-2022 Q1
2/23/20221.21EUR-1.87 BEUR-2021 Q4
11/10/20210.53EUR-2.17 BEUR-2021 Q3
8/11/20211.10EUR--EUR-2021 Q2
5/12/20211.38EUR--EUR-2021 Q1
2/24/20211.07EUR--EUR-2020 Q4

EESG©

Eulerpool ESG Scorecard© for the Ageas stock

90/100
99
Environment
84
Social
88
Governance
E

Environment

20
Scope 1 - Direct Emissions11,342
Scope 2 - Indirect emissions from purchased energy4,666
Scope 3 - Indirect emissions within the value chain961,552
Total CO₂ emissions16,008
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees50
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Ageas shareholder structure

% Name
16.32995%
BNP Paribas SA
BNP Paribas SA
7.50627%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
6.85923%
Government of Belgium
Government of Belgium
1.89774%
Mercier Van Lanschot NV
Mercier Van Lanschot NV
1.44210%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.77263%
State Street Global Advisors (UK) Ltd.
State Street Global Advisors (UK) Ltd.
...

Ageas Beneficial Ownership Filings (SEC 13D/G)

Free Float
86.9%
Float Shares
-
Shares Outstanding
-

Ageas Executives and Management Board

17 members · avg. age 57 · 53 % women

HC

Mr. Hans De Cuyper (55)

Chief Executive Officer, Executive Director, Member of the Executive Committee · since 2015

2.30 M EUR

Management

FC

Mr. Filip Coremans (60)

Managing Director, Asia, Member of the Executive Committee · since 2014

1.64 M EUR
WG

Mr. Wim Guilliams (51)

Chief Financial Officer, Executive Director, Member of the Executive Committee · since 2023

1.40 M EUR
HD

Ms. Heidi Delobelle (54)

Managing Director - Belgium, Member of the Executive Committee

1.17 M EUR
KG

Ms. Karolien Gielen

Managing Director Business Development, Member of the Executive Committee

956,507.00 EUR
CV

Mr. Christophe Vandeweghe

Chief Risk Officer, Executive Director, Member of the Executive Committee · since 2024

490,622.00 EUR

Board of Directors

BC

Mr. Ben Coumans

Member of the Management Board, Member of the Executive Committee

881,099.00 EUR
BS

Mr. Bart De Smet (67)

Non-Executive Chairman of the Board · since 2009

190,000.00 EUR
KV

Mrs. Katleen Vandeweyer (55)

Non-Executive Independent Director

100,500.00 EUR
JC

Mr. Jean-Michel Chatagny (65)

Non-Executive Independent Director

100,000.00 EUR
YK

Ms. Yvonne Lang Ketterer (59)

Non-Executive Independent Vice Chairman of the Board

98,000.00 EUR
AH

Ms. Alicia Herrero (56)

Non-Executive Independent Director

98,000.00 EUR

Ageas Supply Chain

Ageas Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
17 companies
#Nameβ 1YTrend
1
BNP Paribas A
Supplier·Customer·Banks·FR
0.04
0.45
-0.05
0.12
0.05
0.69
0.09
2
Vermeg Management Limited
Supplier·GB
—
—
—
—
—
0.67
—
3
Federal Bank
Supplier·Customer·IN
0.14
0.50
-0.14
-0.12
-0.07
0.64
—
4
BlackRock
Supplier·Customer·Capital Markets·US
-0.43
0.12
-0.55
0.05
-0.14
0.58
-0.18
5
AgeSA Hayat ve Emeklilik
Supplier·Customer·Insurance·TR
0.64
0.71
0.56
0.22
0.13
0.52
—
#Nameβ 1YTrend
1
Nextensa
Supplier·Customer·Equity Real Estate Investment Trusts (REITs)·BE
-0.64
-0.46
0.04
0.24
-0.25
-0.41
—
2
Befimmo
Supplier·Customer·Equity Real Estate Investment Trusts (REITs)·BE
0.21
0.03
-0.12
-0.18
0.02
-0.12
—
3
IDBI Bank
Supplier·Customer·IN
0.24
0.29
-0.06
0.17
-0.26
-0.06
—
4
Ping An Insurance Group H
Supplier·Customer·CN
-0.48
0.49
-0.26
-0.08
0.40
0
—
5
China Taiping Insur Hldgs
Supplier·Customer·Insurance·HK
0.32
0.54
-0.09
0.07
0.13
0.21
0.33

Frequently asked questions about Ageas

Ageas SA's business model is centered around the insurance and investment industry. As an international insurance group, Ageas offers a wide range of life and non-life insurance products and services to individuals and businesses. The company aims to deliver innovative and tailor-made solutions to meet the evolving needs of its customers. Ageas focuses on strategic partnerships, complemented by its own distribution channels, to reach a broad and diverse customer base. Through its strong financial position and expertise, Ageas strives to provide long-term value to its shareholders, while simultaneously ensuring the financial security and protection of its policyholders.

Ageas SA is primarily active in the insurance industry.

The main competitors of Ageas SA in the market are companies such as Allianz SE, AXA SA, Zurich Insurance Group Ltd, and Aegon NV.

Founded in 1824 as Assurances Générales S.A., Ageas SA is a leading multinational insurance company headquartered in Brussels, Belgium. Over the years, Ageas has transformed and grown into a prominent player in the insurance and finance industries. With a rich history spanning nearly two centuries, the company has continually adapted to market changes, expanding geographically and diversifying its product offerings. Today, Ageas SA provides a wide range of insurance solutions and services to individuals and businesses across Europe and Asia. Its commitment to customer satisfaction, financial strength, and innovation has solidified Ageas SA's position as a trusted and respected name within the insurance sector.

Ageas SA, a renowned company in the insurance sector, has achieved notable milestones in its journey. The company's history is highlighted by significant accomplishments, including strategic partnerships, acquisitions, and expansion. Ageas SA successfully established its presence in key markets, such as Belgium, the United Kingdom, Portugal, and Asia. The acquisition of Fortis Insurance UK enhanced its market position, further solidifying its growth trajectory. Ageas SA's commitment to customer-centricity and innovation has consistently delivered robust financial results, fostering long-term shareholder value. Continually evolving to meet changing market demands, Ageas SA has become a trusted name in the insurance industry, known for its exceptional services and competitive offerings.

Ageas SA is primarily present in several countries and regions. These include Belgium, the company's home country where it has a strong market position. Ageas also has a significant presence in other European countries such as Portugal, France, and the United Kingdom. Additionally, Ageas operates in Asia, particularly in countries like China, Malaysia, Thailand, India, and Hong Kong. With this wide geographical reach, Ageas SA has established itself as a global insurance powerhouse, offering a diversified range of products and services in these key markets.

Ageas SA is a leading insurance company that values transparency, integrity, and customer satisfaction. With a firm belief in putting customers first, Ageas SA strives to provide innovative and personalized insurance solutions tailored to meet individual needs. The company actively promotes a collaborative and inclusive corporate culture, fostering partnerships and empowering employees to deliver excellent service. Ageas SA maintains high ethical standards in all its operations and aims to build long-term relationships with its stakeholders. Combining financial expertise with a customer-centric approach, Ageas SA aims to provide peace of mind and financial security to individuals and businesses alike.

Analysts currently set an average price target of 65.48 EUR for the Ageas stock (median: 63.24 EUR), implying -9.3 % versus the latest price. The consensus is based on 16 analyst ratings.

Ageas Analyst Price Targets 2026

16 analysts currently rate the Ageas stock: 10 recommend buying, 6 holding and 0 selling. For 2026, analysts expect Ageas to generate revenue of 9.17 B EUR and earnings per share of 7.92 EUR.

Ageas Analyst Price Targets 2026

The Ageas share (AGS.BR) is listed on 12 stock exchanges, including: XETRA (FO4N.DE), Frankfurt (FO4N.F), München (FO4N.MU), Düsseldorf (FO4N.DU), Hamburg (FO4N.HM), London (0Q99.L), SIX (Zürich) (AGS.SW), Wien (AGS.VI).

Ageas SA is a Belgian company that operates as an insurance and asset management company. It operates three main business segments: life insurance, non-life insurance, and asset management. Each division offers specialized products and services. Ageas offers individual life insurance products tailored to customer needs, including retirement plans, risk life insurance, estate planning, and investment funds. The company also operates in selected markets in Asia, particularly in Hong Kong, China, and Malaysia. Ageas' non-life insurance division specializes in various types of insurance, including car insurance, home insurance, and health insurance, as well as providing specialized insurance products for businesses and organizations. The asset management division offers investment and asset management services, including financial planning and advice. Ageas has a significant presence in Asia, particularly in China, Hong Kong, and Thailand, as well as in Portugal and Belgium. The company maintains strong relationships with its customers, supported by a team-based approach that fosters close contact and collaboration between customers and Ageas team members. Ageas also operates a selected distribution partner strategy to sell products and services. The company also has a business-relevant corporate social responsibility strategy focused on sustainability, social impact, and environmental initiatives. Overall, Ageas' business model is diverse and broad, with a strong presence in Europe and Asia and a strong customer base. The company offers a wide range of innovative products and services and continues to explore new markets and business opportunities to pursue a sustainable business strategy. Answer: Ageas SA is a Belgian company that operates as an insurance and asset management company, with three main business segments: life insurance, non-life insurance, and asset management. It offers specialized products and services in these areas and has a strong presence in Europe and Asia. The company maintains strong customer relationships and focuses on sustainability and social impact.

The expected revenue of Ageas is 9.17 B EUR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Ageas is 1.51 B EUR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Ageas is currently 9.12. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Ageas stock.

The price-to-sales ratio (P/S) of Ageas is currently 1.50. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Ageas stock.

The Eulerpool Quality Score for Ageas is 7/10.

The ISIN of Ageas is BE0974264930. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Ageas is A1J1DR. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Ageas is AGS.BR. The ticker symbol is used to trade Ageas shares on the stock exchange.

Over the past 12 months, Ageas paid a dividend of 3.50 EUR . This corresponds to a dividend yield of about 4.85 %. For the coming 12 months, Ageas is expected to pay a dividend of 3.91 EUR.

The current dividend yield of Ageas is 4.85 %.

Ageas pays a dividend, distributed in the months of , , , .

Ageas paid dividends every year for the past 16 years.

For the upcoming 12 months, dividends amounting to 3.91 EUR are expected. This corresponds to a dividend yield of 5.42 %.

Ageas is assigned to the 'Finance' sector.

To receive the latest dividend of Ageas from amounting to 1.5 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Ageas distributed 3.25 EUR as dividends.

The dividends of Ageas are distributed in EUR.

All fundamentals and in-depth analysis of Ageas

Our stock analysis for Ageas stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ageas. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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