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PRESS RELEASE Regulated information Brussels , 12 May 2021 - 7:30 ( CET ) Net Result Inflows Operating Performance Balance Sheet ■ I I ■ ■ ■ ■ ■ ■ Ageas reports good first quarter results 2021 Good start to the year All segments contributing to the strong net result Sound commercial performance in both Life and Non - Life The Group net result was EUR 296 million driven by a solid operating performance in both Life and Non - Life Insurance net result increased from EUR 113 million to EUR 318 million Net result in Non - Life amounted to EUR 91 million compared to EUR 24 million in last years ' first quarter Life net result of EUR 227 million compared to EUR 89 million last year The Group inflows ( at 100 % ) were up 6 % to EUR 12.6 billion Life inflows ( at 100 % ) were up 4 % to EUR 10.4 billion driven by Asia and Belgium Non - Life inflows ( at 100 % ) were signicantly up to EUR 2.2 billion including EUR 355 million contribution of Taiping Re ageas Excellent Combined ratio at 91.7 % Operating Margin Guaranteed at 92 bps and Operating Margin Unit - Linked at 34 bps . Both margins within the target range Shareholders ' equity at EUR 11.7 billion or EUR 62.71 per share Group Solvency llageas ratio remained strong at 195 % General Account Total Liquid Assets as at 31 March 2021 at EUR 1.2 billion Life Technical Liabilities excl . shadow accounting of the consolidated entities up 1 % compared to end 2020 to EUR 74 billion A complete overview of the figures and comparison with previous year can be found on page 5 of this press release and on the Ageas website . Key figures and main highlights on the segments can be found in the Annexes of this press release Ageas CEO Hans De Cuyper said : " Both commercially and operationally , Ageas performed strongly in the first quarter of 2021. The growth in inflows both in Life and Non - Life and the overall solid operating performance reflects the resilience of our business and our people in a world still affected by Covid . The strong first - quarter performance gives us confidence that can strengthen our guidance to EUR 900-950 million . " " We have also welcomed new colleagues from AvivaSA in Turkey . The investment we made in Aviva SA , provides us with a balanced Life and Non - Life presence in the fast - growing Turkish market . And in the UK , we say goodbye but also thank you to the employees of Tesco Underwriting , wishing them every success in the future development of their business . " PRESS RELEASE - FIRST QUARTER 2021 RESULTS 1