ageas SA/NV (AGS) - Net Assets

Latest as of June 2025: €9.14 Billion EUR

Based on the latest financial reports, ageas SA/NV (AGS) has net assets worth €9.14 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€99.48 Billion) and total liabilities (€90.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€9.14 Billion
% of Total Assets	9.19%
Annual Growth Rate	-2.19%
5-Year Change	-36.13%
10-Year Change	-26.54%
Growth Volatility	27.08

ageas SA/NV - Net Assets Trend (2003–2024)

This chart illustrates how ageas SA/NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for ageas SA/NV (2003–2024)

The table below shows the annual net assets of ageas SA/NV from 2003 to 2024.

Year	Net Assets	Change
2024-12-31	€8.80 Billion	+3.51%
2023-12-31	€8.50 Billion	-1.54%
2022-12-31	€8.63 Billion	-39.09%
2021-12-31	€14.17 Billion	+2.89%
2020-12-31	€13.77 Billion	+2.18%
2019-12-31	€13.48 Billion	+17.02%
2018-12-31	€11.52 Billion	+13.36%
2017-12-31	€10.16 Billion	-0.42%
2016-12-31	€10.21 Billion	-14.78%
2015-12-31	€11.97 Billion	+9.75%
2014-12-31	€10.91 Billion	+15.81%
2013-12-31	€9.42 Billion	-12.65%
2012-12-31	€10.79 Billion	+28.90%
2011-12-31	€8.37 Billion	-15.21%
2010-12-31	€9.87 Billion	-1.35%
2009-12-31	€10.00 Billion	+36.85%
2008-12-31	€7.31 Billion	-78.62%
2007-12-31	€34.19 Billion	+58.67%
2006-12-31	€21.55 Billion	+9.64%
2005-12-31	€19.66 Billion	+24.23%
2004-12-31	€15.82 Billion	+12.89%
2003-12-31	€14.02 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to ageas SA/NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 48.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€1.12 Billion	14.51%
Common Stock	€1.50 Billion	19.38%
Other Comprehensive Income	€3.07 Billion	39.65%
Other Components	€2.05 Billion	26.46%
Total Equity	€7.75 Billion	100.00%

ageas SA/NV Competitors by Market Cap

The table below lists competitors of ageas SA/NV ranked by their market capitalization.

Company	Market Cap
Banco Comercial Portugues LS:BCP	$12.14 Billion
RoboTechnik Intelligent Technology Co Ltd SHE:300757	$12.18 Billion
Jazz Pharmaceuticals PLC NASDAQ:JAZZ	$12.18 Billion
Ionis Pharmaceuticals Inc NASDAQ:IONS	$12.19 Billion
TIM Participacoes SA NYSE:TIMB	$12.09 Billion
BJs Wholesale Club Holdings Inc NYSE:BJ	$12.07 Billion
Bureau Veritas SA PA:BVI	$12.07 Billion
Taisei Corporation F:TKK1	$12.03 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ageas SA/NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,422,000,000 to 7,752,000,000, a change of 330,000,000 (4.4%).
Net income of 1,118,000,000 contributed positively to equity growth.
Dividend payments of 584,000,000 reduced retained earnings.
Share repurchases of 75,000,000 reduced equity.
Other comprehensive income increased equity by 164,000,000.
Other factors decreased equity by 293,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€1.12 Billion	+14.42%
Dividends Paid	€584.00 Million	-7.53%
Share Repurchases	€75.00 Million	-0.97%
Other Comprehensive Income	€164.00 Million	+2.12%
Other Changes	€-293.00 Million	-3.78%
Total Change	€-	4.45%

Book Value vs Market Value Analysis

This analysis compares ageas SA/NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.60x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.88x to 1.60x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	€76.70	€67.70	x
2004-12-31	€91.05	€67.70	x
2005-12-31	€119.62	€67.70	x
2006-12-31	€130.22	€67.70	x
2007-12-31	€164.26	€67.70	x
2008-12-31	€29.59	€67.70	x
2009-12-31	€33.73	€67.70	x
2010-12-31	€33.22	€67.70	x
2011-12-31	€30.47	€67.70	x
2012-12-31	€41.70	€67.70	x
2013-12-31	€37.19	€67.70	x
2014-12-31	€45.72	€67.70	x
2015-12-31	€52.63	€67.70	x
2016-12-31	€45.76	€67.70	x
2017-12-31	€47.58	€67.70	x
2018-12-31	€47.79	€67.70	x
2019-12-31	€58.26	€67.70	x
2020-12-31	€61.43	€67.70	x
2021-12-31	€63.74	€67.70	x
2022-12-31	€41.13	€67.70	x
2023-12-31	€40.38	€67.70	x
2024-12-31	€42.22	€67.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ageas SA/NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 14.42%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.19%
• Asset Turnover: 0.09x
• Equity Multiplier: 12.70x
Recent ROE (14.42%) is above the historical average (-9.16%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	14.76%	3.50%	0.10x	43.99x	€565.60 Million
2004	22.26%	5.86%	0.10x	39.72x	€1.76 Billion
2005	20.82%	4.36%	0.12x	38.51x	€2.05 Billion
2006	21.08%	4.61%	0.12x	37.55x	€2.29 Billion
2007	12.09%	3.36%	0.14x	26.36x	€689.30 Million
2008	-412.39%	-292.72%	0.10x	13.67x	€-28.70 Billion
2009	15.71%	8.31%	0.17x	11.17x	€477.00 Million
2010	4.41%	2.67%	0.14x	12.02x	€-460.91 Million
2011	-8.68%	-5.51%	0.13x	11.68x	€-1.45 Billion
2012	7.50%	5.10%	0.15x	9.80x	€-248.06 Million
2013	6.68%	4.34%	0.14x	11.23x	€-283.01 Million
2014	4.65%	3.54%	0.13x	10.13x	€-546.73 Million
2015	6.77%	5.85%	0.13x	9.18x	€-367.41 Million
2016	0.28%	0.20%	0.13x	10.91x	€-928.96 Million
2017	6.48%	5.26%	0.11x	10.75x	€-337.89 Million
2018	8.60%	7.34%	0.11x	10.80x	€-132.04 Million
2019	8.73%	6.90%	0.13x	9.75x	€-142.93 Million
2020	9.87%	9.81%	0.10x	9.64x	€-14.50 Million
2021	7.09%	6.55%	0.12x	9.33x	€-346.40 Million
2022	14.47%	22.42%	0.05x	13.23x	€338.80 Million
2023	12.84%	12.09%	0.08x	13.03x	€210.80 Million
2024	14.42%	13.19%	0.09x	12.70x	€342.80 Million

Industry Comparison

This section compares ageas SA/NV's net assets metrics with peer companies in the Insurance - Diversified industry.

No peer company data available for comparison.

About ageas SA/NV

BR:AGS Belgium Insurance - Diversified

Market Cap

$15.03 Billion

€12.86 Billion EUR

Market Cap Rank

#1745 Global

#5 in Belgium

Share Price

€67.70

Change (1 day)

+0.89%

52-Week Range

€53.35 - €68.25

All Time High

€68.25