AFC Leuven

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Published on March 7, 2014

Author: Ageas

Source: slideshare.net

Ageas: an international Insurance Group Bart De Smet, CEO AFC 25 February 2014

A long history that started in 1824 1824: Creation of AG Life in Belgium 1830: Creation of AG Fire 1919: AG introduces Group policies 1931: AG creates AG Permanent Health Insurance 1969: The different AG companies become AG 1824 1990: Creation of Fortis, a Belgo-Dutch insurance group out of AMEV/ VSB + AG 1993: Fortis acquires a majority interest in ASLK-CGER and lays the foundations of the bancassurance model 1998-2000: Fortis acquires the Generale Bank and becomes a solid bancassurer 2001: Fortis starts insurance activities in Asia 2007: Fortis acquires selected ABN AMRO-activities 2008: Fortis sells its banking activities and becomes a pure insurance player September 2009: the insurer reveals its new strategy AFC Leuven 25/02/2014

Fortis became Ageas in April 2010 Aiming to become the insurance partner by excellence in Europe & Asia AFC Leuven 25/02/2014

Focus on Europe & Asia - Active in 12 countries End 2013: • Group inflows at EUR 23.2 billion UK • Insurance net profit at EUR 654 million • Shareholders’ equity at EUR 8.5 billion Belgium China Luxembourg France • Insurance solvency at 207% Portugal Hong Kong Italy Thailand Turkey Malaysia India AFC Leuven 25/02/2014 • More than 13,000 employees & over 30,000 in the non-consolidated partnerships

Company profile A solid mid-sized international insurance group based in Europe Company EUR bn 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Allianz Axa Generali Munich Re Zurich Aviva CNP* Prudential* Talanx BNP Paribas Cardif Crédit Agricole Ageas Ageas Mapfre ING Achmea (Ex-Eureko) Aegon Swiss Life Groupama Covea Fonsai Inflows FY12 99 85 70 52 39 32 30 29 27 24 23 21 21 20 20 19 17 14 14 10 Source: Company Data AFC Leuven 25/02/2014

Active under many local brands with solid market positions Situation on December 31, 2013. Belgium # 1 Life 27% # 2 Non-Life 16% Distribution companies Partners UK UK - # 2 Motor 3.6 million Motor policies Largest Belgian Real Estate Group EUR 6.1 billion Portugal Portugal Malaysia #2 / #1 in Islamic insurance # 1 Life Italy Turkey * # 4 Non-Life Italy # 1 Bancassurance Non-Life AFC Leuven 25/02/2014 China # 7 Life > 100,000 agents Malaysia India Thailand # 2 in Life (#1 New Business), # 7 in Non-Life

Company profile We have strong market positions in Europe… Life: leading position in Belgium, Portugal & Luxembourg Belgium: n°1 in % FuM Luxembourg: n°2 in % FuM Lombard Int (27%) AG Insurance Others Other Dexia KBC Ethias Cardif Lux Int (14%) Cali Europe Sogelife AXA Source: Assuralia – 2011 market shares Non-Life: leading position in Belgium & UK, growing in Italy, Turkey & Portugal Belgium: Solid n°2 in % GWP UK: 3rd largest car insurer in # vehicles insured 8,000 Others Source : FSA data - 2010 6,000 (000) AG Insurance (16%) 4,000 AXA 2,000 0 P&V KBC AFC Leuven 25/02/2014 Ethias Ageas acquired Groupama UK in 2012

Company profile …While significant growth potential in Asia Hong Kong India Thailand Malaysia China AFC Leuven 25/02/2014

Shareholders structure Based on number of shares as at 31 December 2013 BNPP & Fortis Bank Norges Bank Franklin Mutual Advisers 2.97% BlackRock, Inc. 5.02% Identified retail investors 16% Identified institutional investors 39% Ping An 5.18% Ageas 3.02% Ageas Ping An Franklin Mutual Advisers BlackRock, Inc. Norges Bank BNP P & Fortis Bank Identified retail investors Identified institutional investors AFC Leuven 25/02/2014 Other investors 23% Based upon press release 6 January 2014 Based upon the number of shares mentioned in the notification received 6 May 2013 Based upon the number of shares mentioned in the notification received 22 August 2013 Based upon the number of shares mentioned in the notification received 22 July 2013 Based upon the number of shares mentioned in the notification received 20 August 2012 Based upon BNP Paribas notification 01 October 2012 Estimate by Estimate by

Ageas’s vision towards 2015 AFC Leuven 25/02/2014

Ageas’s vision towards 2015 5 strategic choices To focus on our insurance capabilities To be where our customers want us to be To commit to our partners and their customers To have a diversified product offering To capture growth in mature & emerging markets in Europe Asia AFC Leuven 25/02/2014 &

Clear financial and performance targets AFC Leuven 25/02/2014

Six important values AFC Leuven 25/02/2014

Join the club For all public information and more on our activities…(ageasclub.com) Your partner in insurance AFC Leuven 25/02/2014

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