Ageas reports first half year 2015 Results

• Net insurance result up by 48%
• Group inflows (at 100%) rose 21%
• Asia main contributor to the growth of inflows and results

All 6 months 2015 figures are compared to the 6 months 2014 figures unless otherwise stated.

Ageas CEO Bart De Smet said: "The first half year provided further evidence of progress against our strategic goals. We have extended our reach in the growth markets of Asia entering the Philippines through a joint venture initiative with EastWest Bank. Asia, especially China and Thailand, was the main contributor to the improvement of our results with a strong intrinsic performance positively impacted by continued growth in volumes, favourable foreign exchange rates and boosted by exceptional investment results in China. At the same time the Non-Life activities, especially in Europe are showing good momentum with combined ratios far better than the target. Based on a strong first half year and our overall operating performance we are confident that 2015 will be a good year for Ageas. And finally we decided to initiate a new share buy-back programme."