Ageas completes the sale of its French Life Insurance activities
25 Setembro 2023 - 3:15AM
Ageas completes the sale of its French Life Insurance activities
Ageas completes the sale of its French Life
Insurance activities
Ageas announces today that all regulatory approvals
regarding the sale of its French life insurance, savings and
pension business to La Mutuelle Epargne Retraite Prévoyance Carac
(“Carac”) have been obtained and that the transaction has been
completed.
Ageas’s French Life and Pension activities consist
of Ageas France, Ageas Retraite, Ageas Patrimoine and
Sicavonline.Carac is a mutual operating in the domain of savings,
protection and pension business in France.
The operation will increase the liquidity of
the Group by approximately EUR 185 million, and positively
impact the Group’s Solvency II Pillar II ratio
by 9% based on the position as at the end of June 2023.
Ageas is a listed international
insurance Group with a heritage spanning almost 200 years. It
offers Retail and Business customers Life and Non-Life insurance
products designed to suit their specific needs, today and tomorrow,
and is also engaged in reinsurance activities. As one of Europe's
larger insurance companies, Ageas concentrates its activities in
Europe and Asia, which together make up the major part of the
global insurance market. It operates successful insurance
businesses in Belgium, the UK, Portugal, Turkey, China, Malaysia,
India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the
Philippines through a combination of wholly owned subsidiaries and
long-term partnerships with strong financial institutions and key
distributors. Ageas ranks among the market leaders in the countries
in which it operates. It represents a staff force of about 44,000
people and reported annual inflows of more than EUR 16 billion in
2022.
- Pdf version of the press release
Ageas SA NV (EU:AGS)
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