Group 1 - Ageas updates its Net Operating Result guidance for the full year 2025, expecting it to range between EUR 1.6 billion and EUR 1.65 billion, an increase from the previous guidance of EUR 1.3 billion to EUR 1.35 billion [2] - The positive adjustment is attributed to a one-off impact on deferred taxes resulting from the transition to IFRS17/9, as announced by the Chinese Ministry of Finance and the State Administration of Taxation [1][2] - Ageas's Chinese joint venture, Taiping Life, will benefit from this update, contributing to the improved financial outlook for the company [2] Group 2 - Ageas is a Belgian international insurance group with a 200-year heritage, offering both Life and Non-Life insurance products [3] - The company operates in Europe and Asia, with significant market presence in countries such as Belgium, the UK, Portugal, China, and Malaysia, among others [3] - Ageas reported annual inflows of EUR 18.5 billion in 2024 and employs approximately 50,000 people [3]

Ageas announces intragroup repurchase of own shares In accordance with articles 8:4 and 8:6 of the Royal Decree of 29 April 2019 implementing the Belgian Code of Companies and Associations, ageas SA/NV announces that on 31 December 2025, after market close, it repurchased 740,476 own shares from Ageasfinlux S.A., an indirect subsidiary. These shares represent the underlying shares of ageas SA/NV stemming from the exchange of the FRESH securities held by Ageasfinlux S.A.1. The repurchase was carried out vi ...

Core Insights - Karolien Gielen will succeed Filip Coremans as Managing Director Asia and Business Development effective February 1, 2026, after Coremans' 23-year tenure at Ageas [1] - The combination of the roles of Managing Director Asia and Business Development aims to strengthen collaboration between the Regional Office Asia and the Corporate Centre in Brussels [2] - Filip Coremans has been pivotal in Ageas's growth, particularly in Asia, and has contributed significantly to the company's success, including the Fortis Settlement [3] Company Overview - Ageas is a Belgian-rooted international insurance group with a 200-year heritage, offering both Life and Non-Life insurance products and engaged in reinsurance activities [4] - The company operates in Europe and Asia, which are major parts of the global insurance market, with successful businesses in multiple countries including Belgium, the UK, and various Asian nations [4] - Ageas employs approximately 50,000 people and reported annual inflows of EUR 18.5 billion in 2024 [4]

Core Viewpoint - Ageas successfully placed EUR 450 million in subordinated debt securities, indicating strong market interest as the issuance was over 5 times oversubscribed [1]. Group 1: Notes Issuance Details - The subordinated debt securities are in the form of Perpetual Subordinated Fixed Rate Resettable Temporary Write-Down Restricted Tier 1 Notes with a fixed coupon rate of 5.875% payable annually [2]. - The Notes will be issued in denominations of EUR 200,000 at a re-offer price of 100, with a reset scheduled for November 20, 2034, and every 5 years thereafter [2]. - The Notes have no scheduled maturity date and may not be redeemed before the six-month period preceding November 20, 2034, except in limited circumstances [2]. Group 2: Regulatory and Financial Implications - The Notes will qualify as restricted Tier 1 capital under European regulatory capital requirements (Solvency II) and are expected to be rated BBB+ by both Standard & Poor's and Fitch [3]. - The net proceeds from the issuance will be used for general corporate purposes and to optimize the capital structure of Ageas Group, partially replacing instruments that will no longer qualify under Solvency II grandfathering provisions [4]. Group 3: Company Overview - Ageas is a Belgian-rooted international insurance group with a 200-year heritage, offering life and non-life insurance products and engaged in reinsurance activities [5]. - The company operates in Europe and Asia, with significant market presence in countries such as Belgium, the UK, Portugal, Türkiye, China, and others, employing about 50,000 people [5]. - Ageas reported annual inflows of EUR 18.5 billion in 2024, ranking among the market leaders in its operational regions [5].

Core Insights - Ageas has announced the acquisition of the remaining 25% stake in AG Insurance from BNP Paribas Fortis for EUR 1.9 billion, resulting in Ageas becoming the 100% owner of Belgium's leading insurer [2][4] - This acquisition aligns with Ageas's Elevate27 strategic goals, enhancing its focus on cash-generative activities and raising financial targets, including an increase in holding free cash flow from EUR 2.3 billion to EUR 2.6 billion [3][10] - A long-term relationship agreement has been established with BNP Paribas, allowing them to maintain a significant shareholding while respecting Ageas's autonomy [6][11] Financial Implications - The acquisition is expected to generate a levered return on invested capital (ROIC) of 15 to 16% and strengthen Ageas's capital position [4] - The transaction will be financed through a combination of cash reserves, existing financing facilities, and flexibility in the debt capital market [5] Strategic Partnerships - Ageas and BNP Paribas have reaffirmed their long-standing bancassurance partnership, which will continue for 15 years starting in 2027, enhancing distribution and asset management collaboration [8][9] - BNP Paribas will have the right to nominate a representative to the Ageas Board of Directors, reinforcing their strategic partnership [7]

Core Insights - Caesars Entertainment and AGS have launched two exclusive slot titles, Kingdom of Horus and Reign of Anubis, available both in-person at Caesars' locations in Atlantic City and online across five North American jurisdictions [1][3]. Group 1: Launch Details - The new games are now live at Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino in New Jersey, Pennsylvania, Michigan, West Virginia, and Ontario, as well as on casino floors at Caesars destinations in Atlantic City [1]. - The launch event featured local social media influencers, including NJ Slot Guy, who participated in a ceremonial first spin at Caesars Atlantic City [2]. Group 2: Game Features - Kingdom of Horus and Reign of Anubis are part of AGS' Triple Coin Treasures series, featuring a 3×5 reel layout with 40 paylines and mechanics such as Scarab Prizes, Wild Coins, and Pot Bonuses [4]. - Players can unlock Extra Spins, benefit from Symbol Upgrades, and enjoy Boosted Prizes with credit multipliers for enhanced payout potential [4]. Group 3: Strategic Importance - The launch is part of Caesars' strategy to blend online and in-person casino experiences, with a commitment to offering premium gaming experiences [3]. - The new titles join a growing list of exclusive launches between AGS and Caesars, enhancing Caesars' online casino offerings [3]. Group 4: Company Background - Caesars Entertainment is the largest casino-entertainment company in the US, known for its diversified gaming, entertainment, and hospitality amenities [9]. - The company operates under various brand names, including Caesars®, Harrah's®, and Horseshoe®, and emphasizes a strong loyalty program, Caesars Rewards® [9].

Group 1 - The acquisition of esure by Ageas has been completed, with all necessary regulatory approvals obtained [1][2] - This acquisition positions Ageas among the top three personal lines insurers in the UK, enhancing its distribution network and customer demographics [2][3] - The total consideration for the acquisition is GBP 1.295 billion (EUR 1.510 billion), and the pro forma Solvency II ratio post-acquisition is projected to be 205% [4][5] Group 2 - The acquisition aligns with Ageas's strategic priorities, aiming to create shareholder value through synergies and improved technology and data capabilities [3][4] - The integration of Ageas UK and esure is expected to enhance cash generation capabilities, with an anticipated increase in free cash flow per share of approximately 10% after 2027 [3] - Ageas operates in multiple countries, focusing on both life and non-life insurance products, and reported annual inflows of EUR 18.5 billion in 2024 [5]

Core Insights - AGS is set to unveil a new brand identity and showcase its largest product range at the Global Gaming Expo (G2E) in October 2025 [2][8] - The rebranding reflects AGS's transformation into a global supplier across all gaming categories, having significantly scaled its operations and expanded its market presence [5][6] Company Transformation - The new bolt logo symbolizes AGS's growth from a Class II slot supplier to a leading player in Class III slots and table games [5][6] - Since its last rebrand in 2014, AGS has doubled global slot sales, increased interactive revenue by over 150%, and grown table revenue by more than 50% [6] Product Showcase at G2E - AGS will present 86 slot titles, eight table games, and a dedicated zone for its interactive division, AGSi, at G2E [2][6] - Highlights include the Spectra SL75+ Premium™ cabinet, Flex games across Spectra™ cabinets, and the Bonus Spin Xtreme™ table innovation [7] Market Position - AGS ranks among the top five slot suppliers and top two table content providers in North America, frequently holding the 1 position as an online slot supplier [6]

Core Insights - The company reported strong first-half 2025 results, achieving a Net Operating Result of EUR 734 million, which is a 20% increase compared to H1 2024 [1] - The positive performance is attributed to a diverse portfolio in Life and Non-Life products, with notable growth in Belgium exceeding 10% and a successful product mix transition in China [1] - The company revised its Elevate27 targets upward, increasing the Holding Free Cash Flow target from above EUR 2.2 billion to more than EUR 2.3 billion by 2027, while maintaining a 6% annual increase in dividend per share [1] Financial Performance - Inflows reached EUR 10.5 billion, representing a 4% increase compared to H1 2024 [1] - The expected Net Operating Result for the full year is projected to be between EUR 1.3 billion and EUR 1.35 billion [1] - Operational capital is expected to be EUR 940 million, reflecting a 17% increase compared to 2024 [1] Shareholder Returns - An interim dividend of EUR 1.50 will be distributed on December 5 [1] - The company plans to distribute over EUR 2 billion to shareholders over the cycle [1] Sustainability Efforts - The company has improved its scores with leading ESG rating agencies, ISS and Sustainalytics, highlighting its commitment to sustainable entrepreneurship [1]

Group 1 - Ageas has completed its share buy-back programme for 2024-2025, which was announced on 28 August 2024 [1] - The company repurchased a total of 3,910,230 shares, representing 1.97% of the total shares outstanding, for a total amount of EUR 200 million [1] - After the buy-back, Ageas now holds a total of 4.13% of the issued shares, including other treasury shares [1] Group 2 - The final transactions from 28 July 2025 to 31 July 2025 included the purchase of 53,887 shares for a total amount of EUR 3,178,385, with an average price of EUR 58.98 [2] - The highest price during this period was EUR 59.65, while the lowest price was EUR 58.25 [2] - The daily breakdown of transactions shows a consistent buying pattern leading up to the completion of the programme [2]