About Ageas
Ageas is a company based in Brussels (Belgium) founded in 1824.. The company has 49,000 employees as of December 31, 2021. Ageas has completed 8 acquisitions, including AG Insurance, Acromas Insurance Company and Ageas Federal. Ageas offers products and services including Insurance Services and Investment Products. Ageas operates in a competitive market with competitors including RAC, Blue KC, AG Insurance, Beazley and Prudential, among others.
- Headquarter Brussels, Belgium
- Employees 49000 as on 31 Dec, 2021
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ageas Sa/Nv
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$5.27 K (USD), Grant
Jan 01, 2019
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Investors
U.S. Department of State
& 1 more
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Employee Count
49000
as on Dec 31, 2021
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Investments & Acquisitions
AG Insurance
& 7 more
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Products & Services of Ageas
Ageas offers a comprehensive portfolio of products and services, including Insurance Services and Investment Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides insurance solutions for customers in Europe and Asia.
Offers investment options through annual reports and dividends.
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Funding Insights of Ageas
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $5,272
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Grant - Ageas | Valuation |
investors |
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| May, 2017 | Amount | Grant - Ageas | Valuation |
investors |
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| Jul, 2010 | Amount | Grant - Ageas | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ageas
Ageas has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include U.S. Department of State and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Diplomacy, advocacy, and assistance services are provided internationally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ageas
Ageas has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include AG Insurance, Acromas Insurance Company and Ageas Federal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of insurance services
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2012 | ||||
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Apps-based life insurance platform for individuals and businesses
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2007 | ||||
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Diversified insurance services are provided in Gibraltar since 2003.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ageas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ageas Comparisons
Competitors of Ageas
Ageas operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RAC, Blue KC, AG Insurance, Beazley and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vehicle parts and accessories are sold via an online platform.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Diversified insurance carrier
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| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ageas
Frequently Asked Questions about Ageas
When was Ageas founded?
Ageas was founded in 1824 and raised its 1st funding round 186 years after it was founded.
Where is Ageas located?
Ageas is headquartered in Brussels, Belgium. It is registered at Brussels, Brussels-capital Region, Belgium.
Who is the current CEO of Ageas?
Bart De Smet is the current CEO of Ageas.
How many employees does Ageas have?
As of Dec 31, 2021, the latest employee count at Ageas is 49,000.
What does Ageas do?
Ageas was established in 1824 and is based in Brussels, Belgium. Coverage is provided across property, casualty, life insurance, and pension sectors. Global operations are supported in multiple regions. Financial results for 2022 included revenues of 9.3 billion and net profit of 1.06 billion. The focus remains on insurance and related financial services internationally.
Who are the top competitors of Ageas?
Ageas's top competitors include RAC, Beazley and AG Insurance.
What products or services does Ageas offer?
Ageas offers Insurance Services and Investment Products.
How many acquisitions has Ageas made?
Ageas has made 8 acquisitions, including AG Insurance, Acromas Insurance Company, and Ageas Federal.
Who are Ageas's investors?
Ageas has 2 investors. Key investors include U.S. Department of State, and European Union.
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