ageas SA/NV · EURONEXT:AGS

ageas SA/NV — Merger or Acquisition (August 2020)

7 slides from ageas SA/NV's merger presentation, Aug 27, 2020

  1. Slide 1: Subscription to capital increase of Taiping Reinsurance

    Subscription to capital increase of Taiping Reinsurance 27 August 2020

  2. Slide 2: Transaction overview

    Transaction overview  Agreement with China Taiping Insurance Holding KEY TRANSACTION  To subscribe to the capital increase of its wholly controlled TERMS subsidiary Taiping Reinsurance Co. Ltd. (Taiping Re)  Leading to ≈25% participation  HKD 3,100 mio (≈ EUR 340 mio*) PRICE  Compensation mecha

  3. Slide 3: Taiping Re: an ambitious top 5 Asian-based reinsurer

    Taiping Re An ambitious top 5 Asian-based reinsurer with a strong track record in top- & bottom line Breakdown of 2019 GWP by business lines Life 38% P&C 62%  Top 5 Asian-based reinsurer  Created in 1980 as a wholly-owned subsidiary of CTIH  Headquartered in Hong-Kong Breakdown of 2019 GWP by geo

  4. Slide 4: Growing & profitable activity

    Taiping Re Growing & profitable activity Profitable 39 years out of 40 even with some volatile years GWP in EUR mio Combined ratio in % Net Result in EUR mio 1,731 83 CAGR 1,476 +27% 96.5 96.4 98.6 99.3 93.3 92.9 59 1,205 89.3 999 46 48 44 42 873 35 665 407 2013 2014 2015 2016 2017 2018 2019 2013 20

  5. Slide 5: Strategy of expansion in fast growing Asian markets

    Taiping Re Strategy of expansion in fast growing Asian markets PURSUE SUSTAINED GROWTH IN HOME MARKETS IN CHINA & ASIA  Fast growing markets driven by decreasing protection gap − Strong growth in insurance premiums in Asia − Low P&C insurance penetration rate (1,81% in 2017*) EXPAND NON-LIFE BUSINE

  6. Slide 6: Rationale

    Rationale  Increased presence in Non-Life UNIQUE OPPORTUNITY TO TAP INTO  Expansion in fast growing markets NON-LIFE MARKETS IN ASIA  Further diversification of product portfolio towards reinsurance  Well-established reinsurer with a strong client base WITH A SOLID & AMBITIOUS  Ambitious growth

  7. Slide 7: Investor Relations

    Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ ma

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