Ageas completes the acquisition of esure

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]