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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ageas (PK) | USOTC:AGESY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.19 | -0.40% | 47.29 | 46.94 | 47.74 | 47.43 | 47.29 | 47.43 | 2,020 | 21:01:01 |
From Jul 2019 to Jul 2024
Belgian insurance company Ageas NV (AGS.BT) posted Monday a EUR578.2 million net loss for 2011, as impairments on its exposure to Greek sovereign bonds weighed heavily on its numbers, despite a strong improvement in the last quarter of the year.
The Brussels-based company, which is the insurance heir to financial giant Fortis, said impairments due to the Greek sovereign exposure amounted to a total of EUR627 million in the year.
Ageas posted a EUR223.1 million net profit in 2010.
"2011 has been marked by a tough financial environment," Chief Executive Bart De Smet said in a statement. The year "has been marked by the continued negative trend of the financial markets and fierce competition from bank products and sovereign states," the company explained in the same statement.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
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