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Ageas reports first half-year results 2025
Globenewswire· 2025-08-27 05:30
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]
Yaamava', Palms and AGS Celebrate First-Ever Dual Property World Premiere of Mariachi Fortunes Trio™ in Southern California and Las Vegas
Globenewswire· 2025-07-23 15:00
View photos from the event here About Mariachi Fortunes Trio™ LAS VEGAS, July 23, 2025 (GLOBE NEWSWIRE) -- AGS, a global gaming supplier, partnered with Yaamava' Resort & Casino at San Manuel in Southern California and Palms Casino Resort in Las Vegas to debut its newest slot family, Mariachi Fortunes Trio™, in a first-of-its-kind, bi-state world premiere. On July 22, each property hosted a launch celebration inspired by one of the game's two energetic themes. Yaamava' Resort & Casino showcased Fiesta de lo ...
Ageas and BlackRock, Inc.: Transparency notification
Globenewswire· 2025-07-08 15:40
Core Points - BlackRock, Inc. has notified Ageas that its shareholding has exceeded the legal threshold of 5%, currently standing at 7.78% as of July 1, 2025 [1] - The notification was due to the acquisition or disposal of control of an undertaking that holds a participating interest in Ageas [1] - Ageas is a Belgian international insurance group with a 200-year heritage, focusing on life and non-life insurance products, and operates primarily in Europe and Asia [4] Company Structure and Changes - Following the acquisition of HPS Investment Partners, BlackRock's group structure has changed, with BlackRock, Inc. contributing its equity interests in BlackRock Finance, Inc. and Global Infrastructure Management, LLC to a wholly owned subsidiary, BlackRock Saturn Subco, LLC [2] - The full chain of controlled undertakings through which BlackRock's holding is effectively held can be found on Ageas's investor website [1] Ageas Overview - Ageas operates successful insurance businesses in multiple countries including Belgium, the UK, Portugal, Türkiye, China, and several Southeast Asian nations, employing around 50,000 people [4] - The company reported annual inflows of EUR 18.5 billion in 2024, indicating a strong market presence [4]
Ageas completes the acquisition of Saga's Underwriting Business
Globenewswire· 2025-07-01 15:40
Group 1 - The acquisition of Acromas Insurance Company Limited (AICL) by Ageas has been completed following the necessary regulatory approvals [1] - This acquisition marks the beginning of a 20-year partnership with Saga Services Limited for distributing personal lines Motor and Home insurance products [2] - The acquisition aligns with Ageas's Elevate27 strategy, focusing on the growing market of the ageing population, enhancing its position as a leading personal lines insurer in the UK [3] Group 2 - The total consideration for the acquisition is approximately GBP 67 million, to be paid between the acquisition and the operational start date of the partnership [4] - Ageas is a significant player in the European and Asian insurance markets, with a history of 200 years and annual inflows of EUR 18.5 billion in 2024 [5]
Brightstar Capital Partners Completes Acquisition of PlayAGS for Approximately $1.1 Billion Dollars
Globenewswire· 2025-06-30 20:17
Core Insights - Brightstar Capital Partners has successfully acquired PlayAGS, Inc. for approximately $1.1 billion, with AGS stockholders receiving $12.50 per share in cash, resulting in AGS becoming a privately held company [2][3] Group 1: Acquisition Details - The acquisition was first announced on May 9, 2024, and has now closed following stockholder approval and regulatory clearances [2][3] - AGS's common stock will be delisted from the New York Stock Exchange (NYSE) as a result of the acquisition [2] Group 2: AGS Performance - AGS has experienced significant growth, doubling its global slot unit sales to over 6,100 units in the past three years [3] - The company has increased its online real-money gaming content revenue by over 150% and Table Products revenue by more than 50%, achieving three consecutive years of record revenue performance [3] Group 3: Strategic Vision - AGS's CEO, David Lopez, expressed optimism about the partnership with Brightstar, highlighting the potential for accelerated growth and innovation in gaming products [4] - Brightstar aims to leverage AGS's comprehensive product offerings and customer-centric culture to expand into new markets and enhance technological advancements in gaming [4] Group 4: Company Backgrounds - AGS is recognized as a global gaming company with a diverse product portfolio that includes slot machines, table products, and online gaming, focusing on customer success and player engagement [5] - Brightstar Capital Partners is a middle market private equity firm with $5 billion in assets under management, specializing in business services, industrials, consumer, and government services [6]
AGS Named One of U.S. News & World Report’s 2025–2026 Best Companies to Work For
Globenewswire· 2025-06-24 19:00
Core Insights - AGS has been recognized as one of the Best Companies to Work For by U.S. News & World Report for 2025–2026, ranking in the top 30 percent of 2,119 publicly traded companies evaluated [2][3] Company Recognition - AGS was selected based on employee reviews and strong workplace data, with eligibility requiring over 75 reviews on Glassdoor from 2021 to early 2025 [3] - The evaluation considered employee sentiment and six key workplace factors, including pay and benefits, work-life balance, job stability, comfort, belonging, and career opportunities [4] Additional Honors - AGS was also recognized as a 2025 Best and Brightest Companies to Work For in the Nation and in Atlanta, and named a Top Workplace in the U.S. by USA TODAY [5] Company Overview - AGS is a global gaming supplier focused on creating diverse gaming experiences, with a strong presence in the Class II Native American gaming market [7] - The company offers a wide range of products, including Class II and Class III slot machines, table games, real-money gaming platforms, and social casino solutions [7]
Ageas successfully places its inaugural GBP 400 million Senior Notes
Globenewswire· 2025-06-24 15:40
Group 1: Debt Issuance - Ageas SA/NV successfully placed its inaugural debt securities amounting to GBP 400 million in Senior Fixed Rate Notes maturing in December 2028, with a first call date in September 2028, generating substantial interest from UK institutional investors [1] - The Notes are issued in denominations of GBP 100,000 at a re-offer price of 99.963, with a fixed coupon rate of 4.75% payable annually, and the first coupon payment scheduled for December 2025 [1] Group 2: Ratings and Listing - Standard and Poor's assigned an A+ rating and Moody's assigned an A1 rating to the Notes [2] - Application has been made for the Notes to be listed on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the Luxembourg Stock Exchange's Euro MTF market, with expected issuance and settlement on 1 July 2025 [2] Group 3: Company Overview - Ageas is a Belgian-rooted international insurance group with a heritage of 200 years, offering both Life and Non-Life insurance products tailored to customer needs, and engaged in reinsurance activities [3] - The company operates in Europe and Asia, representing a significant portion of the global insurance market, with successful businesses in multiple countries including Belgium, the UK, and China, among others [3] - Ageas employs approximately 50,000 people and reported annual inflows of EUR 18.5 billion in 2024 [3]
Ageas Re partners with Slovenian insurer Triglav Group in connection with the Motor insurance business distributed by Italian Insurtech Prima
Globenewswire· 2025-06-05 06:30
Company Overview - Ageas Re, the reinsurance arm of Ageas Group, has entered into a reinsurance agreement with Slovenian insurer Triglav Group to enhance its business portfolio and support Ageas's Elevate27 growth strategy [1][3] - Triglav Group is the largest insurance-financial group in the Adria region and operates in six countries, focusing on insurance and asset management [7] - Prima Assicurazioni, a rapidly growing insurtech company, has become the number one direct Motor insurance distributor in Italy since its inception in 2015, generating EUR 1.3 billion in gross written premiums in 2024 [2][6] Partnership Details - Under the agreement, Ageas Re will take an 80% Quota Share on the Prima business underwritten by Triglav Group starting in 2025 [2] - The partnership aims to leverage the tech-driven capabilities of Prima to achieve profitable growth in the attractive European Non-Life insurance market, which generates over EUR 15 billion in premiums [3] Financial Projections - Ageas Re anticipates inflows exceeding EUR 500 million from this transaction in 2025, with a projected Net Operating Result of around EUR 15 million spread over 2025 and 2026 [4] - The impact on Group Solvency is estimated to be no more than -4 points in 2025 [4] Strategic Alignment - The agreement aligns with Ageas's Elevate27 strategy, which focuses on profitable growth in the European Non-Life market [3][5] - Triglav Group aims to enhance its international recognition and expand beyond existing markets through this partnership [5][7]
AGS Celebrates Nine Straight Years as a Best and Brightest Company to Work For in the Nation and Atlanta
Globenewswire· 2025-05-28 17:04
Core Insights - AGS has been recognized as one of the Best and Brightest Companies to Work For® in the Nation and in Atlanta for the ninth consecutive year, highlighting its strong workplace culture and employee satisfaction [2][3][5] Company Recognition - The awards are based on an independent research-driven assessment of company practices and employee survey results, evaluating areas such as compensation, benefits, engagement, retention, and overall workplace well-being [3][4] - AGS received high marks for its focus on benefits, wellness, community involvement, and workplace creativity, surpassing the Best and Brightest benchmark [3] Employee Experience - The recognition reflects how employees feel about the company, indicating a consistent alignment with AGS's values over the years [4] - AGS's Metro Atlanta offices play a crucial role in its innovation and culture, contributing to both local and national recognition [4] Company Operations - AGS operates across multiple locations in the U.S., including Las Vegas, Reno, Scottsdale, Austin, and Oklahoma City, and has a global presence with teams in six countries outside the U.S. [4][6] - The company focuses on creating diverse gaming experiences and has established itself as a leading commercial gaming supplier [6]
PlayAGS(AGS) - 2025 Q1 - Quarterly Report
2025-05-08 20:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarter ended March 31, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to . Commission file number 001-38357 PLAYAGS, INC. (Exact name of registrant as specified in its charter) Nevada 46-3698600 (State or other jurisdicti ...