Insurance Post

Ageas posts 86% rise in non-life profit after strong Q2

Bart De Smet

Belgian insurer Ageas improved across all segments to post net insurance profit of €303m in the first six months of 2012, up from €111m in the first half of 2011.

Non-life net profit improved 43% to €90m from €48m, with improved performance across all segments driven by higher prior year releases and better underwriting.

The group combined ratio stood at 98.3%

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