Ageas has reported a net operating results of approximately £1bn for 2024. It said total inflows were £15.3bn, up 10% on the previous year. Non-life income rose 16% to £5.6bn and the carrier achieved a combined operating ratio of 93.3%.

Hans De Cuyper, CEO of Ageas, said: “I am very pleased to announce an excellent performance in 2024. We grew inflows considerably, increased the profitability of our business and secured a Net Operating Result of 1.24 billion euro at the upper half of our guidance, while maintaining a strong cash and solvency position.”