ageas SA/NV (EBR:AGS)

ageas Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	7,204	7,050	6,191	5,909	8,533	8,002
Total Interest & Dividend Income	1,862	2,372	2,279	-922	2,601	2,368
Gain (Loss) on Sale of Investments	81	145	147	98	1,358	468
Other Revenue	-537	-1,056	-1,088	1,906	967	1,110
Total Revenue	8,610	8,511	7,529	6,991	13,459	11,948
Revenue Growth (YoY)	6.18%	13.04%	7.70%	-48.06%	12.65%	-19.06%
Policy Benefits	4,911	4,819	4,150	4,095	9,043	7,425
Policy Acquisition & Underwriting Costs	1,079	1,079	960	958	1,213	1,138
Selling, General & Administrative	116	116	93	86	157	152
Provision for Bad Debts	-	-	-	-	3	15
Other Operating Expenses	1,571	1,500	1,284	1,121	978	937
Total Operating Expenses	7,690	7,534	6,511	6,266	12,241	10,499
Operating Income	920	977	1,018	725	1,218	1,449
Interest Expense	-230	-241	-231	-134	-121	-111
Earnings From Equity Investments	516	564	439	508	-	-
Other Non Operating Income (Expenses)	431	317	234	398	-15	-28
EBT Excluding Unusual Items	1,637	1,617	1,460	1,497	1,082	1,310
Merger & Restructuring Charges	-	-	-	-	-	-1
Impairment of Goodwill	-7	-7	-7	-1	-2	-
Gain (Loss) on Sale of Assets	-	-	-	-	136	189
Asset Writedown	-8	-20	-35	-6	-	-1
Legal Settlements	-15	-15	10	-1	15	36
Pretax Income	1,607	1,575	1,428	1,489	1,231	1,533
Income Tax Expense	275	266	251	205	215	233
Earnings From Continuing Ops.	1,332	1,309	1,177	1,284	1,016	1,300
Minority Interest in Earnings	-179	-191	-224	-187	-171	-159
Net Income	1,153	1,118	953	1,097	845	1,141
Net Income to Common	1,153	1,118	953	1,097	845	1,141
Net Income Growth	8.37%	17.31%	-13.13%	29.82%	-25.94%	16.55%
Shares Outstanding (Basic)	184	183	184	184	187	188
Shares Outstanding (Diluted)	184	184	184	184	187	188
Shares Change (YoY)	0.23%	-0.13%	-0.27%	-1.38%	-0.63%	-2.34%
EPS (Basic)	6.26	6.10	5.19	5.96	4.52	6.07
EPS (Diluted)	6.25	6.09	5.19	5.95	4.52	6.06
EPS Growth	8.02%	17.37%	-12.80%	31.64%	-25.41%	19.29%
Free Cash Flow	1,577	802	-25	937	-1,115	-1,591
Free Cash Flow Per Share	8.55	4.37	-0.14	5.08	-5.97	-8.46
Dividend Per Share	3.500	3.500	3.250	3.000	2.750	2.650
Dividend Growth	7.69%	7.69%	8.33%	9.09%	3.77%	-
Operating Margin	10.69%	11.48%	13.52%	10.37%	9.05%	12.13%
Profit Margin	13.39%	13.14%	12.66%	15.69%	6.28%	9.55%
Free Cash Flow Margin	18.32%	9.42%	-0.33%	13.40%	-8.28%	-13.32%
EBITDA	1,165	1,205	1,049	1,030	1,537	1,784
EBITDA Margin	13.53%	14.16%	13.93%	14.73%	11.42%	14.93%
D&A For EBITDA	245	228	31	305	319	335
EBIT	920	977	1,018	725	1,218	1,449
EBIT Margin	10.69%	11.48%	13.52%	10.37%	9.05%	12.13%
Effective Tax Rate	17.11%	16.89%	17.58%	13.77%	17.46%	15.20%
Revenue as Reported	-	-	-	-	13,772	12,370

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.