Strong commercial performance across the business
Marked increase in Life result
Continued strong combined ratio
These financial statements as at 30 June 2021 do not include the impact of the July 2021 floods in Belgium

Netto Resultaat
Strong commercial performance across the business
Marked increase in Life result
Continued strong combined ratio
These financial statements as at 30 June 2021 do not include the impact of the July 2021 floods in Belgium

Inflows
Group inflows (at 100%) increased 11% to EUR 22.2 billion
? Life inflows (at 100%) increased 9% to EUR 18.1 billion driven by Asia and Continental Europe
? Non-Life inflows (at 100%) increased 18% to EUR 4.1 billion mainly thanks to the inclusion of Taiping Re and strong growth in
Belgium
? Q2 inflows (at 100%) increased by 19% from EUR 8.1 billion to EUR 9.6 billion

Operating Performance
Excellent combined ratio at 93%
? Operating Margin Guaranteed at 86 bps and Operating Margin Unit-Linked at 35 bps. Both within the target range


Balance Sheet
Shareholders’ equity at EUR 11.4 billion or EUR 61.11 per share
? Group Solvency IIageas ratio remained strong at 196%
? General Account Total Liquid Assets at 30 June 2021 at EUR 1.2 billion
? Life Technical Liabilities excl. shadow accounting of the consolidated entities up 1% compared to end 2020 to EUR 74 billion

Belgian floods
Total cost related to the claims of our customers with respect to the July floods in Belgium is estimated to be as high as
EUR 0.4 billion
? Impact on the Group’s net result is expected to be EUR 55 million (after tax and net of reinsurance)

A complete overview of the figures and comparison with previous year can be found on page 5 of this press release and on the Ageas website.
Key figures and main highlights on the segments can be found in the Annexes of this press release
Ageas CEO Hans De Cuyper said: “Our businesses continue to post healthy commercial and operational performances in both Europe and Asia. We are seeing a
reduced operational impact of disruption caused by the COVID pandemic, though it is still affecting our inflows. In Life, our inflows are gradually recovering to préCOVID levels. In Non-Life we are posting a remarkable growth thanks to the inclusion of Taiping Re and strong growth in Belgium. The underlying results over the first
half of the year are stable, but the next quarter results will be impacted by the catastrophic floods in Belgium. We remain confident that we can maintain the net profit
guidance from the beginning of the year, EUR 850mn to 950mn, reviewing the positive adjustment made in the wake of our very strong Q1 results.
The recent floods in Belgium and other parts of Europe have devastated so many communities. We are committed to do everything we can to support our clients, some
of whom have lost family or loved ones with their home destroyed or severely damaged. These recent events re-emphasise the importance of long term commitments
to our environment and its impact on societies, an area where Ageas is committed to be at the forefront.”

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