CALDEIRÃO DE BOLSA

Ageas delivers strong performance in line with previous quarters

Insurance net profit at EUR 450 million[1]:
#_ftn1 year-to-date and EUR 147 million in third quarter
Life net profit year-to-date at EUR 293 million (vs. a net loss of EUR 289 million), supported by strong performance in all activities; third quarter net profit at EUR 88 million

Non-Life net profit year-to-date at EUR 143 million (vs. a net profit of EUR 57 million) and marked by further operating improvements across all activities; third quarter net profit at EUR 54 million

Group inflows at EUR 15.5 billion year-to-date, up 20% and supported by growth across all segments; third quarter inflows at EUR 4.6 billion
Life inflows at EUR 11.1 billion, +21%
Non-Life inflows at EUR 4.3 billion, +18%

Group combined ratio improved to 97.9% end of September (vs.100.2%), reflecting corrective measures taken over past years; third quarter at 97.2%

Life Funds under Management of consolidated entities at EUR 67.8 billion, up 5% vs. end of 2011
Group net profit of EUR 518 million, compared to a net loss of EUR 534 million

General Account net profit of EUR 69 million year to date (vs. a net loss of EUR 325 million); third quarter net result of EUR 67 million, mainly driven by the revaluation of the call option on BNP Paribas shares

Shareholders' equity up and solvency remains strong

Shareholders' equity at EUR 9.7 billion, EUR 40.89 per share[2]:
#_ftn2, + 27% vs. end of 2011, supported by increasing unrealized capital gains and year-to-date net profit
Insurance solvency at 214%; Group solvency ratio at 254%; General Account net cash position of EUR 1.4 billion

CEO Bart De Smet said:

"This quarter represents another strong performance for our company across all business segments, with inflows exceeding those reported in the same period in 2011 and robust Insurance results. This contrasts heavily with the same period last year which was marked by the Southern European debt crisis.

In September we outlined our vision for the future including our strategic choices and the targets we have set ourselves for 2015. Our recent acquisition in the UK of the Groupama activities is a prime example of our intention to increase the weight of our Non-Life activities. The combined ratio of 97.9% reflects the pro-active measures we have taken in the past, and as recently stated in our 3 year strategy, it is our intention as a Group to maintain a combined ratio structurally below 100% in the future.

We are very encouraged by these results and remain fully focused on maintaining this momentum."

gonferr Escreveu:Pois, eu já li a página anterior... mas gostaria de ter uma explicação mais simples de entender... não sou muito entendido!

On 3 August, the Board of Directors of ageas SA/NV officially acknowledged that the two conditions precedent to the merger of ageas N.V. and ageas SA/NV had been fulfilled. As from today, the Belgian company ageas SA/NV, with a permanent establishment in the Netherlands, is the sole parent company of the Ageas group.

The General Meetings of Shareholders of the Dutch ageas N.V. and of the Belgian ageas SA/NV held respectively on 28 and 29 June 2012 passed, by an overwhelming majority, a resolution approving the merger of the two companies. A reverse stock split and reverse VVPR strip split were similarly approved.

Furthermore, the Board of Directors of ageas SA/NV officially acknowledged that the two conditions precedent to the merger had been fulfilled. On the one hand, no creditors of ageas N.V. have come forward to request additional security and on the other hand not a single shareholder has claimed the exit rights provided under Dutch law. As from midnight, all rights and obligations of the Dutch company were transferred to the Belgian company. Henceforth ageas SA/NV is the sole parent company of Ageas.

Simultaneous with the merger, Ageas carried out a reverse stock split and a reverse VVPR Strip split. One new ageas SA/NV share (ISIN: BE0974264930) has been issued this morning for every 10 Ageas Units (ISIN: BE0003801181). And each multiple of 20 Ageas VVPR Strips (ISIN: BE0005591624) has been converted into 1 VVPR Strip (ISIN BE0005646204)[1]:
#_ftn1. These reverse splits may potentially result in fractions of shares and VVPR Strips. These fractions will be paid out in cash beginning of September 2012.

As a consequence of the reverse stock split, there are 243,121,272 ageas SA/NV shares outstanding. As of today, these shares are listed only on NYSE Euronext Brussels.