ageas - M&A Summary and Business Overview

InsuranceCompany

ageas M&A Summary

ageas has acquired 1 company. It has also divested 3 assets.

It’s largest disclosed sale occurred in 2015, when it sold Hong Kong Life Insurance Business - Ageas to JD Capital for $1.4B. The Company’s most targeted sectors include insurance (100%).

ageas Business Overview

Where is ageas headquartered?

ageas is headquartered in Brussels, Belgium.

What is ageas’ revenue?

ageas disclosed revenue of 9,849M EUR for 2023 and 4,894M EUR for 2022.

How many employees does ageas have?

ageas has 14,837 employees.

What sector is ageas in?

ageas is an insurance company.

When was ageas founded?

ageas was founded in 1824.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity1
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

ageas

ageas SA/NV

Manhattan Center Avenue du Boulevard 21,
Brussels, 1210
Belgium,
+32 2 557 57 11
www.ageas.com

ageas is an international insurance group. Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. Ageas was incorporated in 1824 and is headquartered in Brussels, Belgium.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.2/yr) # 2 - - 1 - - 3
vol $1.7B $73M $1.7B
  4

Most Recent M&A

Company Date Value Type
ageas UK’s Commercial Lines Front Book Business 2022-02-15 73M GBP Divestiture
, United Kingdom
Hong Kong Life Insurance Business - Ageas 2015-08-31 1.4B EUR Divestiture
Hong Kong, China
Ageas Protect Ltd. 2014-08-06 279M GBP Divestiture
London, United Kingdom · www.ageasprotect.co.uk
Fortis Corporate Insurance N.V. 2012-08-07 - Divestiture
Utrecht, Netherlands
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 1 (100%) - 3 (100%) 1.7B (100%)
Total 1 - 3 $1.7B

By Geo

State/Country Buy Value Sell Value
United Kingdom - - 2 352M
China - - 1 1.4B
Netherlands 1 - - -
Domestic - - - -
Cross-border 1 (100%) - 3 (100%) 1.7B (100%)
Total 1 - 3 $1.7B

Deal Values

sell # Total
> $1B 1 $1.4B
$100M to $1B 1 $279M
< $100M 1 $73M
TOTAL $1.7B
Largest Hong Kong Life Insurance Business - Ageas
$1.4B (2015-08-31)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Insurance

Revenue

9,849   102% 2023
4,894   63% 2022
12,909   11% 2021
11,631   18% 2020
14,162   29% 2019
11,050   8% 2018
11,901   12% 2017
13,465   2% 2016
13,201   3% 2015
13,482   2014
(millions of EUR) Show More Show Less

Employees

14,837

Established

1824

Public

AGS

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