Ageas initiated exclusive negotiations for the disposal of its French activities

March 13, 2023

Brussels, 13 March 2023 – 8:15 (CET)

Ageas has entered into exclusive negotiations with La Mutuelle Epargne Retraite Prévoyance Carac (“Carac”) regarding the sale of its French life insurance, savings and pension business subject to certain conditions precedent.

Ageas French Life and Pension activities consist of Ageas France, Ageas Retraite, Ageas Patrimoine and Sicavonline. As of end 2022, the consolidated perimeter represented an Unrestricted Tier 1 of EUR 161 million*, a Solvency II ratio of 216%**, IFRS technical provisions of EUR 3.9 billion, and an IFRS Net Profit of EUR 6.1 million.

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