Ageas SA/ NV

FO4N

Company Profile

  • Business description

    Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralized debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes, customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgian government. It also spun off its asset management and insurance, which later became Ageas.

  • Contact

    Avenue du Boulevard 21
    Manhattan Center, Bolwerklaan 21
    Brussels1210
    BEL

    T: +32 25575711

    https://www.ageas.com

  • Sector

    Financial Services

    Stock type

    Cyclical

  • Industry

    Insurance - Diversified

    Fiscal Year End

    31 December 2025

    Employees

    50,265

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