Moody’s affirms Ageas's A1 ratings with a Stable Outlook
Moody's Ratings (“Moody's”) has affirmed the A1 Insurance Financial Strength Rating (IFSR) of ageas SA/NV (“Ageas”), the holding company of the Ageas Group. At the same time, Moody’s affirmed Ageas's A1 long-term issuer rating and A1 senior unsecured notes rating, AG Insurance's A1 IFSR, and the Baa2 (hyb) rating on the backed junior subordinated notes (FRESH securities) issued by Ageasfinlux S.A. The outlook on all entities remains stable.
Ageas is a Belgian rooted listed international insurance Group with a heritage of over 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up a significant part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, India, Thailand, Vietnam, Laos, Cambodia, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of 53,000 people and reported annual inflows of EUR 19.6 billion in 2025.
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