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May 29, 2015 8:34 PM ET

Insurance

Company Overview of Ageas Asia Holdings Limited

Company Overview

Ageas Asia Holdings Limited, an investment holding company, provides whole life, endowment, and unit-linked insurance products to individuals in Hong Kong. The company also offers term life, accident, medical, disability insurance products to individuals and employee groups, and general insurance products through agency arrangements. In addition, it provides trustee, note issuance, investment advisory, and asset management services. Ageas Asia Holdings Limited was formerly known as Fortis Asia Holdings Limited and changed the name to Ageas Asia Holdings Limited in July, 2010. The company was incorporated in 1985 and is headquartered in Central, Hong Kong. Ageas Asia Holdings Limited operates...

111 Connaught Road

Wing On Centre

28th Floor

Central,  

Hong Kong

Founded in 1985

294 Employees

Phone:

852 2591 8888

Fax:

852 2838 5303

Key Executives for Ageas Asia Holdings Limited

Chief Operating Officer, Group Chief Financial Officer, Deputy Managing Director, Member of Executive Committee, Member of Investment Committee and Member of Risk Management Committee
Age: 61
Chief Internal Auditor and Vice President of Internal Audit
Chief Underwriter and Assistant Vice President of New Business
Senior Vice President of Operations, Member of Risk Management Committee and Chief Operating Officer of Pacific Century Insurance Company Limited
Senior Vice President of Administration, Senior Vice President of Business Development, Senior Vice President of Human Resources and Company Secretary
Compensation as of Fiscal Year 2014.

Ageas Asia Holdings Limited Key Developments

Ageas Announces Earnings Results for the First Quarter of 2015

Ageas announced earnings results for the first quarter of 2015. The company reported that Insurance net profit up 37% to EUR 198 million. Group net profit was EUR 241 million.

Ageas Asia Reports Earnings Results for the Fourth Quarter of 2014

Ageas Asia reported earnings results for the fourth quarter of 2014. For the period, the company reported net profit of insurance operations was EUR 737 million, up 13%; fourth quarter at EUR 158 million against EUR 157 million a year ago. Group inflows (at 100%) at EUR 25.8 billion, up 11%, largely driven by growth in Asia (+21%). Group net profit of EUR 476 million, down 16%; fourth quarter at EUR 194 million against EUR 57 million a year ago. Net profit at EUR 172 million against EUR 142 million (+21%) of which EUR 40 million originated from its Hong Kong operations. The fourth quarter was particularly strong (+76%) as both the bank and agency channel increased the sales in line with their sales targets.

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