ageas SA/NV (AGESF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ageas SA/NV (AGESF) trades at $79.04 with AI Score 47/100 (Grade C). ageas SA/NV is a Belgian insurance company operating in Europe and Asia. Market cap: $16.3B, Sector: Financial services.
Price as of Jul 23, 2026 · Last analyzed: Mar 15, 2026Analyst Coverage for AGESF: AGESF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AGESF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
AGESF: 1/3 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
ageas SA/NV (AGESF) Financial Services Profile
ageas SA/NV, a Belgian insurer with a history dating back to 1824, operates in Europe and Asia, providing life and non-life insurance products. The company distinguishes itself through a multi-channel distribution strategy, leveraging independent brokers and bank partnerships to serve a diverse customer base, while maintaining a focus on property, casualty, and pension solutions.
What Is the Investment Thesis for AGESF?
ageas SA/NV presents a compelling investment case based on its established market position, diversified product offerings, and attractive dividend yield of 5.87%. The company's presence in both mature European markets and high-growth Asian markets provides a balanced growth profile. With a P/E ratio of 13.4 and a profit margin of 13.4%, ageas demonstrates financial stability and profitability. Key catalysts include expansion in Asian markets and continued growth in its pension products segment. Potential risks include regulatory changes in the insurance industry and fluctuations in interest rates impacting investment returns. The company's beta of 0.61 suggests lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
AGESF Key Highlights
- Market capitalization of $16.3B, reflecting substantial investor confidence.
- P/E ratio of 13.4, indicating a potentially undervalued stock compared to industry peers.
- Profit margin of 13.4%, demonstrating efficient operations and profitability.
- Gross margin of 100.0%, reflecting the nature of the insurance business model.
- Dividend yield of 5.87%, providing a significant income stream for investors.
Who Are AGESF's Competitors?
AGESF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AEGOF Aegon N.V. | $8.39 | +0.00% | $12.6B | 66 |
| AGRPY Absa Group Limited | $26.45 | +0.00% | $11.0B | 63 |
| ALBKY Alpha Services and Holdings S.A. | $1.13 | -0.88% | $10.2B | 44 |
| BKKPF Bangkok Bank Public Company Limited | $5.95 | +0.00% | $11.4B | 56 |
| BLHEF Bâloise Holding AG | $236.05 | -4.37% | $10.7B | — |
| BBSEY BB Seguridade Participações S.A. | $8.38 | -1.99% | $16.3B | 50 |
| AGESY ageas SA/NV | $81.47 | -0.96% | $16.8B | 64 |
| RZC Reinsurance Group of America, Inc. | $25.34 | -0.16% | $15.4B | 75 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AGESF's Key Strengths?
- Strong brand reputation and long history.
- Diversified product portfolio.
- Extensive distribution network.
- Presence in both mature and emerging markets.
What Are AGESF's Weaknesses?
- Exposure to regulatory changes in the insurance industry.
- Sensitivity to interest rate fluctuations.
- Competition from larger global insurers.
- Potential for claims volatility.
What Could Drive AGESF Stock Higher?
- Expansion into new Asian markets, driving revenue growth.
- Digital transformation initiatives improving customer experience and operational efficiency.
- Growth in demand for pension products due to aging populations.
- Strategic partnerships expanding distribution network.
- Product innovation with new insurance offerings.
What Are the Key Risks for AGESF?
- Financial-distress signal — its Altman Z-Score of 0.18 sits in the distress zone (elevated bankruptcy risk).
- Regulatory changes in the insurance industry impacting profitability.
- Economic downturns reducing demand for insurance products.
- Cybersecurity risks leading to data breaches and financial losses.
- Natural disasters resulting in significant claims payouts.
- Competition from larger global insurers.
What Are the Growth Opportunities for AGESF?
- Expansion in Asian Markets: ageas has a significant opportunity to expand its presence in Asian markets, leveraging the region's rapid economic growth and increasing demand for insurance products. The Asian insurance market is projected to grow at a rate of 6-8% annually over the next five years. By strengthening its partnerships and developing tailored products for local markets, ageas can capture a larger share of this growing market.
- Growth in Pension Products: The increasing aging population in Europe and Asia is driving demand for pension products. ageas can capitalize on this trend by offering innovative and flexible pension solutions. The global pension market is estimated to be worth trillions of dollars, providing a substantial growth opportunity for ageas. Focus on sustainable and responsible investment strategies will attract environmentally and socially conscious investors.
- Digital Transformation: Investing in digital technologies to enhance customer experience and improve operational efficiency is crucial for ageas. This includes developing mobile apps, streamlining online claims processing, and leveraging data analytics to personalize insurance offerings. Digital transformation can lead to cost savings, increased customer satisfaction, and a competitive advantage.
- Strategic Partnerships: Forming strategic partnerships with banks, brokers, and other financial institutions can expand ageas' distribution network and reach new customer segments. Collaborating with fintech companies can also provide access to innovative technologies and new business models. These partnerships can accelerate growth and enhance ageas' market position.
- Product Innovation: Developing new and innovative insurance products that cater to evolving customer needs is essential for maintaining a competitive edge. This includes offering cyber insurance, parametric insurance, and other specialized coverage options. By staying ahead of market trends and anticipating future risks, ageas can attract new customers and increase revenue.
What Opportunities Does AGESF Have?
- Expansion in high-growth Asian markets.
- Growth in demand for pension products.
- Digital transformation to improve efficiency and customer experience.
- Strategic partnerships to expand distribution.
What Threats Does AGESF Face?
- Economic downturns impacting insurance demand.
- Increased competition from new entrants.
- Cybersecurity risks.
- Natural disasters leading to significant claims.
What Are AGESF's Competitive Advantages?
- Established brand reputation built over nearly two centuries.
- Diversified product portfolio covering a wide range of insurance needs.
- Extensive distribution network through independent brokers and bank channels.
- Strong presence in both mature European markets and high-growth Asian markets.
What Does AGESF Do?
ageas SA/NV, founded in 1824 and headquartered in Brussels, Belgium, is a multinational insurance company operating in Europe and Asia. The company has evolved from its origins as a Belgian insurer to a diversified group offering a comprehensive suite of insurance products and services. ageas provides life insurance, covering risks related to life and death, and non-life insurance, including accident and health, motor, fire, and other property damage coverage. Additionally, ageas offers pension and reinsurance products. ageas distributes its products through a multi-channel approach, primarily utilizing independent brokers and bank channels. This strategy allows the company to reach a broad customer base, including private individuals, small and medium-sized enterprises (SMEs), and large corporations. ageas has strategically expanded its presence in Asia, recognizing the growth potential in emerging markets. The company's competitive positioning is based on its established brand, diversified product portfolio, and extensive distribution network.
What Products and Services Does AGESF Offer?
- Offers life insurance products covering risks related to life and death.
- Provides non-life insurance products, including accident and health, motor, and fire coverage.
- Offers property damage coverage, protecting against property losses.
- Provides reinsurance products to other insurance companies.
- Distributes insurance products through independent brokers and bank channels.
- Serves private individuals, small and medium-sized enterprises (SMEs), and large companies.
- Operates in Europe and Asia.
How Does AGESF Make Money?
- Generates revenue through premiums collected from insurance policies.
- Invests premiums to generate investment income.
- Manages risk by diversifying its insurance portfolio and using reinsurance.
- Distributes products through a network of independent brokers and bank partners.
What Industry Does AGESF Operate In?
ageas SA/NV operates within the diversified insurance industry, which is characterized by intense competition and evolving regulatory landscapes. The industry is experiencing growth in emerging markets, particularly in Asia, driven by increasing disposable incomes and rising awareness of insurance products. Key trends include the adoption of digital technologies to enhance customer experience and improve operational efficiency. ageas competes with other major European insurers and local players in its target markets. The company's diversified product portfolio and multi-channel distribution strategy position it favorably within this competitive environment.
Who Are AGESF's Key Customers?
- Private individuals seeking life and non-life insurance coverage.
- Small and medium-sized enterprises (SMEs) requiring business insurance solutions.
- Large companies seeking comprehensive insurance coverage.
- Other insurance companies requiring reinsurance services.
FY2026 estForward Outlook
Wall Street analysts project ageas SA/NV revenue of about $11.35B for fiscal 2026, with EPS near $8.74.
F-Score 5/9Financial Health
ageas SA/NV's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.18 places it in the distress zone, a signal of elevated financial risk.
ROE 11%Key Financial Metrics
Return on equity for ageas SA/NV stands at 11.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.9%, showing how much profit it generates from its asset base. AGESF trades at a trailing price-to-earnings ratio of 13.40, below the Financial Services sector average of ~18x. Its free cash flow yield is 10.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.95 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 7.5%, the inverse of the P/E and a quick read on earnings relative to price.
ageas SA/NV (AGESF) Valuation Context
Valued at $16.3B, AGESF is classified as a large-cap stock. Relative to its peer group, AGESF's quantitative score of 47/100 is below the peer average of 57/100.
AGESF Revenue & Earnings Trend
In Q2 2025, AGESF generated $2.21B in top-line revenue, marking a sequential increase of 0.0%. The company recorded net income of $338.5M, with diluted EPS of $1.83. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Financial Services. Across the four most recent quarters, AGESF averaged $1.56 in diluted EPS.
Company Profile
ageas SA/NV operates in the Insurance - Diversified industry within the Financial Services sector. It is headquartered in Brussels, BE. The company is led by CEO Hans Jozef Josephina de Cuyper. AGESF has traded publicly since 2012.
AGESF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- There's been noticeable chatter in the community about potential strategic partnerships in emerging markets, mirroring moves we've seen with other European insurers expanding their global footprint.
- Recent insider buying activity is fueling optimism; it's a signal that those closest to the company see value, similar to what we witnessed with energy stocks before their surge last year.
- The community is buzzing about ageas's commitment to ESG initiatives, which could attract a new wave of socially conscious investors, much like we saw with tech companies focused on sustainability.
- Positive sentiment is building around ageas’s strong dividend yield, making it an attractive option for income-seeking investors in this low-interest-rate environment, reminiscent of the appeal of utility stocks.
Bear Case
- Concerns are surfacing within the community regarding increased regulatory scrutiny in key markets, which could impact profitability, similar to what happened with financial institutions after the 2008 crisis.
- There's growing apprehension about the potential impact of rising inflation on claims costs, potentially squeezing margins, a situation many retailers faced recently.
- Negative sentiment is emerging due to reports of increased competition in the insurance sector, potentially leading to pricing pressures, much like we've seen in the telecom industry.
- The community is expressing worries about the company's exposure to certain geopolitical risks, which could create uncertainty and volatility, mirroring the market's reaction to events affecting global supply chains.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2025 | $2.21B | $339M | $1.83 |
| Q1 2025 | $2.21B | $339M | $1.83 |
| Q4 2024 | $2.10B | $238M | $1.30 |
| Q3 2024 | $2.10B | $238M | $1.30 |
Based on FMP financials and quantitative analysis
AGESF Latest News
No recent news available for AGESF.
AGESF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AGESF.
Price Targets
Wall Street price target analysis for AGESF.
AGESF MoonshotScore
What does this score mean?
The MoonshotScore rates AGESF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Hans Jozef Josephina de Cuyper
CEO
Hans Jozef Josephina de Cuyper has served as the CEO of ageas SA/NV, leading a workforce of 16,797 employees. His professional background includes extensive experience in the financial services and insurance sectors. Prior to his role at ageas, he held various leadership positions at other prominent financial institutions. His expertise spans strategic planning, risk management, and business development. He is responsible for overseeing the company's global operations and driving its growth strategy.
Track Record: Under Hans Jozef Josephina de Cuyper's leadership, ageas SA/NV has focused on expanding its presence in Asian markets and strengthening its digital capabilities. He has overseen the implementation of several strategic initiatives aimed at improving operational efficiency and enhancing customer experience. Key milestones include the successful integration of new technologies and the expansion of the company's product portfolio. His leadership has contributed to ageas' sustained profitability and market position.
AGESF OTC Market Information
The OTC Other tier, where AGESF trades, represents the lowest tier of the OTC market. Companies in this tier often have limited or no reporting requirements and may not meet the listing standards of higher tiers like OTCQX or OTCQB, or exchanges like NYSE or NASDAQ. This lack of stringent requirements can lead to increased risks for investors due to limited transparency and potential for fraudulent schemes. Companies in this tier may be defunct, shell companies, or experiencing financial distress.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in AGESF.
- Low trading volume and wide bid-ask spreads can lead to price volatility and difficulty in executing trades.
- The OTC Other tier has a higher risk of fraud and manipulation compared to higher-tier exchanges.
- Lack of regulatory oversight increases the potential for mismanagement and financial irregularities.
- The company may be defunct, a shell company, or experiencing financial distress.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements and disclosures.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a qualified financial advisor.
- Check for any regulatory actions or legal proceedings against the company.
- The company has been in business since 1824, indicating a long operating history.
- ageas SA/NV is a multinational company with operations in Europe and Asia.
- The company has a significant market capitalization of $16.3B.
- ageas SA/NV employs a substantial workforce of 16,797 employees.
AGESF Financial Services Stock FAQ
What does the AI Score mean for AGESF?
AGESF holds an AI Score of 47/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. ageas SA/NV is a Belgian insurance company operating in Europe and Asia. It offers a range of life and non-life insurance products, serving individuals and businesses through brokers and bank …
What does ageas SA/NV do?
ageas SA/NV is a multinational insurance company operating in Europe and Asia. It offers a range of life and non-life insurance products, including property, casualty, and pension solutions. The company distributes its products through independent brokers and bank channels, serving private individuals, small and medium-sized enterprises (SMEs), and large corporations. ageas generates revenue through premiums collected from insurance policies and investment income from managing those premiums.
What do analysts say about AGESF stock?
Analyst coverage of AGESF is limited due to its OTC listing. However, key valuation metrics such as the P/E ratio of 13.4 and dividend yield of 5.87% suggest potential value. Growth considerations include the company's expansion in Asian markets and its ability to adapt to changing regulatory environments. Investors should conduct their own due diligence and consider the risks associated with investing in OTC stocks.
What are the main risks for AGESF?
The main risks for AGESF include regulatory changes in the insurance industry, economic downturns impacting insurance demand, cybersecurity risks, and natural disasters leading to significant claims payouts. Additionally, the company faces competition from larger global insurers and the risks associated with operating in emerging markets. The OTC listing adds further risks related to limited financial disclosure and liquidity.
What regulatory challenges does ageas SA/NV face?
ageas SA/NV operates under stringent regulatory frameworks in both Europe and Asia. These regulations govern capital adequacy, solvency requirements, and consumer protection. Compliance with these regulations requires significant investment in risk management systems and reporting processes. Changes in regulations, such as Solvency II in Europe, can impact ageas' capital requirements and profitability. The company must also navigate differing regulatory landscapes in its various Asian markets.
How does ageas SA/NV manage its investment portfolio?
ageas SA/NV manages a substantial investment portfolio, primarily consisting of fixed-income securities, equities, and real estate. The company's investment strategy aims to generate stable returns while managing risk. ageas employs a diversified approach, allocating capital across different asset classes and geographies. The investment portfolio is subject to market fluctuations and interest rate risk. The company's investment performance is a key driver of its overall profitability.
What are the key factors to evaluate for AGESF?
ageas SA/NV (AGESF) holds an AI score of 47/100 (low). P/E: 13.4x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does AGESF data refresh on this page?
AGESF's price was last updated on Jul 23, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven AGESF's recent stock price performance?
ageas SA/NV (AGESF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand reputation and long history. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC data may be less reliable than exchange-listed data.
- Analyst coverage may be limited due to the OTC listing.