AGEAS INSURANCE LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. AGEAS INSURANCE LIMITED 2010-10-01 → present
2. FORTIS INSURANCE LIMITED 2000-03-01 → 2010-10-01
3. BISHOPSGATE INSURANCE LIMITED 1939-07-01 → 2000-03-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“We have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We are not aware of any material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. AGEAS INSURANCE LIMITED · parent
   1. HCP (Estate Management) Limited 0.51% · United Kingdom · Estate management

Significant events

• “In October 2024 Ageas UK announced the intention to enter into a 20-year affinity partnership with Saga Services Limited, part of Saga Plc's group, to sell motor and home insurance to their customers through Ageas Insurance Limited and Ageas Retail Limited, and the acquisition of Saga's underwriting business, Acromas Insurance Company Limited (AICL) by Ageas (UK) Limited. The exclusive negotiations were successfully concluded in December 2024. Completion of this proposed transaction is subject to the necessary regulatory and operational approvals and milestones which, as at the date of signing of these accounts on 3 April 2025, have not yet taken place.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +20.2%

  £1,301,600,000 → £1,565,100,000

• Net earned premiums

  —

  Not reported

• Profit before tax

  +94.8%

  £48,100,000 → £93,700,000

• Equity

  +28.2%

  £432,400,000 → £554,500,000

• Claims incurred

  +15.5%

  £961,100,000 → £1,110,500,000

• Insurance contract liabilities

  -1.2%

  £2,127,300,000 → £2,100,900,000

• Investment return

  +48.8%

  £38,900,000 → £57,900,000

• Employees

  +6.8%

  1,719 → 1,836

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers