Ageas SA/ NV (STU:FO4N)
€ 48.48 0.34 (0.71%) Market Cap: 8.79 Bil Enterprise Value: 11.19 Bil PE Ratio: 8.30 PB Ratio: 1.17 GF Score: 66/100

Ageas SA Deep Dive Session on Asia - Focus on Malaysia and Thailand Transcript

Mar 31, 2022 / 12:00PM GMT
Operator

Good afternoon to you all, and welcome to our second deep dive on Ageas in Asia. During the first session in December, we focused on our collaboration in typing life insurance. And it is, of course, the main or the biggest contributor to our Asian results in terms of both inflows and net profit, but it is far from being the only one. There are 2 other partnerships that have remained quite under the radar in our conversations with you, but they certainly deserve that you take a closer look at them. I'm talking about Thailand and Malaysia.

They are -- they represented in our 2021 results around EUR 130 million of net profit, and they've been contributing to our free cash flow already for several years. Luisa and K.K, the Ageas representatives in our local JVs will give you more insights on our current operations and the future potential of the partnerships. After a short break, we will then pass to Philippe for the 2021 update on t{hUHe metrics we introduced during our December deep dive on Taiping Life. And the last topic of the day will be addressed by Christophe and it's on capital generation

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