ageas SA/NV (EBR:AGS)

ageas Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	49,920	49,411	47,073	46,718	45,269	53,937
Investments in Equity & Preferred Securities	9,686	8,973	8,051	7,502	7,148	10,995
Policy Loans	-	-	-	-	-	527
Other Investments	-	-	-	-	-	2
Total Investments	88,197	85,160	81,108	79,164	76,532	77,112
Cash & Equivalents	2,384	3,102	2,076	1,875	1,176	1,937
Reinsurance Recoverable	1,736	1,637	618	653	677	937
Other Receivables	9,175	8,440	9,054	9,856	9,509	7,962
Deferred Policy Acquisition Cost	-	-	-	-	-	418
Separate Account Assets	-	-	-	-	-	18,899
Property, Plant & Equipment	3,106	2,999	2,579	2,411	2,227	1,732
Goodwill	-	1,989	642	607	603	616
Other Intangible Assets	4,369	2,401	984	873	813	673
Other Current Assets	136	292	291	279	4,462	456
Long-Term Deferred Tax Assets	734	946	1,009	901	1,174	100
Long-Term Deferred Charges	-	-	-	-	-	114
Other Long-Term Assets	-	107	94	74	119	183
Total Assets	109,837	107,073	98,455	96,693	97,292	111,139

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	347	310	236	236	213
Accrued Expenses	3,109	678	559	527	404	910
Insurance & Annuity Liabilities	68,052	67,062	64,829	64,054	62,572	59,339
Unpaid Claims	-	-	-	-	-	6,110
Unearned Premiums	-	-	-	-	-	1,730
Reinsurance Payable	3	-	-	-	-	25
Current Portion of Long-Term Debt	-	295	251	249	235	834
Current Portion of Leases	-	136	109	78	67	80
Short-Term Debt	2,202	2,203	2,055	2,560	2,135	2,078
Current Income Taxes Payable	-	132	86	58	87	16
Long-Term Debt	5,953	5,581	3,332	3,300	3,248	2,906
Long-Term Leases	857	713	612	578	563	480
Long-Term Deferred Tax Liabilities	556	573	397	412	417	971
Separate Account Liability	-	-	-	-	-	18,901
Other Current Liabilities	-	85	73	139	4,190	151
Other Long-Term Liabilities	17,601	16,626	15,925	14,956	14,282	1,101
Total Liabilities	98,333	95,570	89,658	88,194	89,356	96,967

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,710	1,590	1,502	1,502	1,502	1,502
Additional Paid-In Capital	3,293	2,513	2,051	2,051	2,051	2,051
Retained Earnings	40	1,753	1,125	959	1,143	845
Comprehensive Income & Other	5,180	3,585	3,074	2,910	2,279	7,516
Total Common Equity	10,223	9,441	7,752	7,422	6,975	11,914
Minority Interest	1,281	2,062	1,045	1,077	961	2,258
Shareholders' Equity	11,504	11,503	8,797	8,499	7,936	14,172
Total Liabilities & Equity	109,837	107,073	98,455	96,693	97,292	111,139

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	209.23	190.73	182.11	183.67	183.66	185.74
Total Common Shares Outstanding	209.23	190.73	182.11	183.67	183.66	185.74
Total Debt	9,012	8,928	6,359	6,765	6,248	6,378
Net Cash (Debt)	-6,628	-5,826	-4,283	-4,890	-5,072	-4,441
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-34.11	-30.95	-23.33	-26.60	-27.52	-23.76
Book Value Per Share	48.86	49.50	42.57	40.41	37.98	64.14
Tangible Book Value	5,854	5,051	6,126	5,942	5,559	10,625
Tangible Book Value Per Share	27.98	26.48	33.64	32.35	30.27	57.20
Land	-	2,821	2,603	2,508	2,322	1,889
Machinery	-	476	432	443	370	334
Construction In Progress	-	7	-	-	-	-
Leasehold Improvements	-	105	81	62	47	28

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 31, 2026

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