Ageas to Acquire AG Insurance for €1.9 Billion, Boosting Strategic and Financial Position

Ageas SA/NV announced the complete acquisition of AG Insurance for €1.9 billion. This acquisition aims to enhance Ageas's strategic flexibility, improve cash flow, and increase shareholder returns. The transaction is structured to be capital-efficient and solvency-neutral, ensuring financial stability post-acquisition. This deal is backed by a 15-year bancassurance partnership with BNP Paribas Fortis, underscoring a long-term collaborative approach in distribution and customer engagement.