Ageas Nv S/Adr New (AGESY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this Azure conference call. I am pleased to present Mr. Hans de Koepper, Chief Executive Officer and Mr. Wim Gilliams, Chief Financial Officer. For the first part of the call, let me remind you that all participants will remain on a listen-only mode and afterwards there will be a question and answer session. Please note that the conference is being recorded. I would now like to hand over to Mr. Hans de Koepper and Good morning ladies and gentlemen. Thank you all for dialing into this conference call and for joining the presentation of EGEAS results over the first half year of 2026. In the first half of the year EGEAS delivered strong growth across both live and non-live with inflows up 17% at constant exchange rate supported by excellent commercial momentum in life and the inorganic strategic initiatives we took last year. Before diving into the commercial performance, let me clarify one point on comparability. As usual, growth rates are presented at constant foreign exchange rates. For H1 2026, where relevant, we also refer to figures at constant scope. excluding the additional two months of contribution from the extra 25% in AG insurance, following the closing of the transaction in late April, as well as the contribution from Esho and Saga, which was not included in the half-year 2025 results. This provides a like-for-like view of the underlying business performance. At constant scope, The total inflows were up 8% compared to last year. In life, we continue to see strong commercial momentum with inflows increasing by more than 12% or more than 9% at constant scope across all segments. Belgium delivered another excellent performance with inflows up 28% or 14% at constant scope supported by successful commercial campaigns in both unit-linked and guaranteed...