Regulated Information - Ageas Full Year Results 2012

Ageas posts strong results across all businesses
Insurance net profit of EUR 624 million; fourth quarter at EUR 175 million	Life net profit at EUR 430 million (vs. a net loss of EUR 425 million), strong performance in all businesses; fourth quarter net profit at EUR 137 million supported by improved investment result Non-Life & Other Insurance net profit at EUR 194 million (vs. a net profit of EUR 112 million) and marked by further operating improvements; fourth quarter net profit at EUR 38 million Group inflows (at 100%) of EUR 21.3 billion, up 24%; fourth quarter inflows at EUR 5.8 billion §  Life inflows at EUR 15.6  billion, +26% §  Non-Life inflows at EUR 5.7 billion, +16% Group combined ratio improved to 99.1% as at end of December (vs.100.1%); fourth quarter at 102.3% impacted by traditional seasonal influences Life Technical Liabilities of consolidated entities at EUR 68.8billion, up 7%
Group net profit of EUR 743 million	Group net profit of EUR 743 million vs. a net loss of EUR 578 million in 2011, impacted by adverse financial markets General Account net profit of EUR 119 million (vs. a net loss of EUR 265 million), mainly driven by legacies; fourth quarter net profit of EUR 50 million
Shareholders' equity up; solvency stable	Shareholders' equity at EUR 9.9 billion, EUR 42.75 per share, + 28% vs. end of 2011, supported by higher unrealised capital gains on fixed income and 2012 net profit Insurance solvency at 206%; Group solvency ratio at 231%; General account net cash position of EUR 1.2 billion
Proposed gross cash dividend	Proposed 2012 gross cash dividend of EUR 1.20 per share, + 50 %
CEO Bart De Smet said: "Our full year results for 2012 demonstrate continued positive momentum in our insurance activities across the Group.  This has resulted in significant year on year improvements in net profit, net inflows and combined ratios. Our inflows and results in Life were particularly strong notwithstanding the low interest rate environment.  During the year, we also made important headway in simplifying our Group and reducing the complexity of the General Account. Our balance sheet fundamentals remained strong, with improvements in our cash position, and strong solvency ratios. 2012 was also the year in which we outlined to the market our ambitions and financial targets for the next three years. We ended the year encouraged by our results and confident in the future based on what we have achieved this year. In line with our consistent dividend policy, we are pleased to propose to the shareholders a gross 2012 cash dividend of EUR 1.20 per share."

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