As part of Connect21 we set out clear financial targets. Here is a quick reminder of what those targets are, and importantly how Ageas has delivered against them in 2020.
We can be proud of the way we navigated through a challenging 2020. Our top line revenue decreased only marginally compared to 2019. This is impressive, considering that our distribution is mainly ‘customer facing’, through agents, brokers and bancassurance. Despite the COVID-19 context, we delivered excellent results, benefitting more than ever from the geographic diversification, our well-balanced product portfolio, our solid balance sheet and prudent management. 2020 was the second year of our 3-year strategic plan Connect21 and it was important that we kept our minds firmly focused on our strategic goals, targets and ESG commitment. The excellent result, our strong balance sheet, the comfortable cash position and stable solvency margin, allow us to propose a gross cash dividend of EUR 2.65 per share to our shareholders.
Combined ratio Non-Life
Group Solvency II ratio
Life Operating Margin Guaranteed
Life Operating Margin Unit-Linked
Earnings per share CAGR
Look back at how Ageas has delivered a consistently strong performance over the past 5 years against a range of key performance indicators.