Grupo Ageas Portugal, present in Portugal through Ageas Seguros, Médis, Ocidental and Seguro Directo, reached a net income of 105.1 million euros in 2018, an increase of 18.3% compared to 2017.

The year 2018 closed with a total premium income of 2.2 billion euros, of which 0.677 billion in Non-Life and 1.494 billion in Life. With a global market share of 16.6%, the Insurance Group remains one of the leaders in the Portuguese insurance ranking. Aggregated market share was 18.4%, 13.5% in Non-life.

The Solvency Capital Requirement coverage ratio was 179% at the end of 2018.

According to Steven Braekeveldt, CEO of Ageas Portugal Group, "The year 2018 was one of financial consolidation and growth in all the business areas we are present in. It was a challenging period, but we have reached our main objectives: to be present in the lives of our Customers and to continue to focus on Innovation, on Culture and on Corporate Social Responsibility, orienting the company towards society and addressing significant and emerging problems."

At the end of 2018, Ageas Portugal Group had 1,304 Employees and its distribution networks were composed of: 3,892 Agents and Brokers, with 666 thousand Customers; Seguro Directo with 125 thousand Customers; and Bancassurance Channel with 930 thousand Customers.

In Portugal, Grupo Ageas Portugal remains the leader in Pension Funds, and ranks second in Health and in Life.

* Indicators calculated based on the accounting principles of the Ageas Group.