October 21, 2016 9:50 PM ET


Company Overview of Ageas Asia Holdings Limited

Company Overview

Ageas Asia Holdings Limited, an investment holding company, offers 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 as a for...

111 Connaught Road

Wing On Centre

28th Floor


Hong Kong

Founded in 1985

294 Employees


852 2591 8888


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: 63
In-House Legal Counsel, Assistant Vice President of Corporate Services and Member of Risk Management Committee
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
Compensation as of Fiscal Year 2016.

Ageas Asia Holdings Limited Key Developments

Ageas Asia Announces Group Earnings Results for the First Half of 2016

Ageas Asia announced group earnings results for the first half of 2016. The company reported results in the first half of 2016 were very strong with net profits of EUR 329 million, an increase of 55% from EUR 212 million in the same period last year, driven by the continued strong performance mainly in China and Thailand as well as by the capital gain on the divestment of Hong Kong life activities. Total inflows reached EUR 11.0 billion, an increase of 12%, as a result of successful sales campaigns and channel development from the first quarter of the year and extending into the second quarter. The company reported group net result at EUR 67 million negative against EUR 469 million.

Ageas Asia Holdings Limited Announces Group and Company Earnings Results for the First Quarter of 2016

Ageas Asia Holdings Limited announced Group and company earnings results for the first quarter of 2016. For the quarter, on Group basis, the Group's net loss was at EUR 633 million compared to EUR 241 million a year ago. Group inflows (at 100%) at EUR 11.1 billion, up 11% (including 3% negative foreign exchange impact). Group inflows (Ageas's part) grew 9% to EUR 4.6 billion (including 2% negative foreign exchange impact). For the quarter, on company basis, the company's net profit was at EUR 61 million compared to EUR 58 million (+5%) of which EUR 12 million originated from its Hong Kong operations. The company's inflows at EUR 7.3 billion compared to EUR 6.4 billion (+14%) a year ago.

Ageas Asia Reports Group Earnings Results for the Six Months of 2015

Ageas Asia reported group earnings results for the six months of 2015. For the period, the company reported net profit of EUR 469 million. Group inflows (at 100%) were EUR 16.6 billion, up 21% (13% positive foreign exchange impact).

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Recent Private Companies Transactions

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