Slides
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H1 2026 RESULTS Periodical Financial Information
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Main messages Net Operating Result driven by excellent insurance results in Life and resilient Non-Life results despite adverse weather impact 2 Inflows Earnings Capital Cash M&A Note: Inflow growth expressed at constant FX ● Inflows up 17% to EUR 12.1 bn thanks to an excellent commercial performance in Life and strong growth in Non-Life ● Life Inflows up 12%, supported by solid performance across all regions with Europe +41%, Belgium +28% and Asia +4% ● Strong growth in Non-Life (+26%), driven by Belgium (+13%), Europe (+45%) and Reinsurance 3rd party (+28%) ● Net Operating Result at EUR 776 m, up 6% compared to last year, driven by a strong Life result across all segments while the Non-Life result was impacted by significant adverse weather in Belgium & Portugal ● FY 2026 Net Operating Result expected above EUR 1.95 bn including the contribution of the sale of our stake in Malaysia and assuming around 3% full-year weather impact on Combined ratio ● Comprehensive Equity at EUR 19.7 bn ● Operational Capital Generation at EUR 1.1 bn in line with LY despite impact from adverse weather ● Above EUR 1.4 bn cash upstream expected in 2026, up 49% compared to last year and exceeding earlier guidance of EUR 1.2 bn thanks to higher-than-expected cash upstream from China & Thailand ● EUR 1.5 interim DPS to be paid in December 2026 ● 25% step-up to full ownership of AG Insurance end of April ● Ageas sells its stake in Malaysia to Maybank for EUR 1.1 bn delivering a net capital gain of EUR 450 m – closing expected in 2026, subject to regulatory approval ● Completed the capital increase of Taiping Pension (TPP) resulting in Ageas holding a 10% stake in TPP adding EUR 10.9 bn of Pension AuM
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Headlines 3 Return on Shareholders’ Equity 15.8% Solvency ratio Solvency II 195% Non-Solvency II 230% Net Operating Result EUR 776 m Operational Capital Generation EUR 1.1 bn Inflows EUR 12.1 bn Up 17%* at constant FX Shareholders’ Equity EUR 10.2 bn Comprehensive Equity EUR 19.7 bn * up 8% at constant FX and constant scope
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Volume metrics Excellent commercial performance in Life – Strong Non-Life growth 4 Group-wide view @ ageas’ share Other Household Motor A&H Guaranteed Unit-linked 6,331 6,828 503 7686,834 7,596 H1 '25 H1 '26 759 849 1,362 1,946 761 863735 8223,616 4,480 H1 '25 H1 '26 93.8 117.3 6.3 17.4 FY '25 H1 '26 In EUR m Life Inflows Life Liabilities & Pension AuM In EUR m Non-Life Inflows In EUR bn • Life Inflows up 12% (up 9% at constant scope) driven by excellent growth across all regions • Unit-Linked Inflows strongly up driven by commercial campaigns in Belgium and Portugal • Guaranteed Inflows showed excellent growth supported by strong sales in Belgium, China, Thailand and Portugal • Non-Life Inflows up 26% (up 6% at constant scope), supported by all lines of business • Strong contribution from Reinsurance 3rd Party Business and Partnerships • esure and AICL supporting UK performance (EUR 621 m) in a competitive market • Life Liabilities increased 23% (up 5% at constant scope) following the underlying business growth in China (+10%), Europe (+7%) and Belgium (+3%) • After closing of Taiping Pension (TPP), Pension AuM at EUR 17.4 bn across China (EUR 10.9 bn), Portugal (EUR 3.3 bn) and Türkiye (EUR 3.3 bn) Pension AuM Life Liabilities excl. UG/L Note: Growth rates expressed at constant FX
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 9,421 11,128 180 457 1,172 365 (468) BOP Time Value New Business Release Mvt on portfolio FX EOP Ageas IFRS performance Strong Life performance across all segments & resilient Non-Life despite impact from adverse weather 5 Group-wide view @ ageas’ share GA Life Non-Life UG/L on RE Shareholders’ Equity CSM • Comprehensive Equity up EUR 2.2 bn mainly explained by the 25% step-up to full ownership of AG Insurance • Shareholders’ Equity up on strong business performance • CSM strongly up driven by Operating CSM movement (EUR 169 m), further supported by scope change (25% step-up to full ownership of AG Insurance, EUR ~930 m) and increase of life margin assumptions in Belgium in line with experience • Annualised CSM release percentage of 8.3% • Life Net Operating Result up thanks to an improved insurance result showing underlying quality of business • Non-Life Net Operating Result demonstrates resilience despite significant adverse weather in Belgium and Portugal (EUR 180 m) +3.6% 538 629 263 240 (67) (93) 734 776 H1 '25 H1 '26 9.4 10.2 1.0 1.1 7.1 8.4 17.5 19.7 FY '25 H1 '26 In EUR m Net Operating Result Life CSM roll-forward In EUR bn Comprehensive Equity* In EUR m – before tax * Comprehensive Equity only includes Life CSM
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Operational metrics Present Value New Business Premium strongly up – Combined ratio impacted by adverse weather 6 Group-wide view @ ageas’ share In % of Insurance revenues PY claims Claims Expenses Reinsurance 57.3 62.8 29.2 29.8 5.6 2.692.1 95.2 (2.1) (3.8) H1 '25 H1 '26 538 554 8.7% 7.9% H1 '25 H1 '26 * In % of Present Value of New Business Premium (PVNBP) Life New Business Non-Life Combined ratio Value New Business (VNB) New Business Margin (NBM)* In EUR m • VNB increased 5% at constant FX supported by strong commercial performance - Present Value New Business Premium up 15% at constant FX • Life New Business Margin reflecting change in business mix • COR impacted by adverse weather (~5pp) while LY was very benign (~1pp) • CY discounting benefit of 4pp slightly up vs. LY • PY claims up in Belgium & Europe
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Solvency performance OCG in line with last year’s strong performance 7 Group-wide view @ ageas’ share In EUR m Operational Capital Generation In % Solvency ratio In EUR m Operational Free Capital Generation • SII scope up vs. LY despite impact from adverse weather in Belgium and Portugal • Contribution from Non-Solvency II scope slightly down vs. LY • Solvency II scope: mainly reflecting the closing of Taiping Pension, impact debt instruments and rating downgrade of Belgium sovereign debt – Sale of Malaysia to add ~23pp at closing in H2 ‘26 • Non-Solvency II scope: driven by interest rate environment and higher equity allocation • Operational Free Capital Generation - higher capital consumption driven by Belgium, Europe & China and business growth 1,106 1,063 H1 '25 H1 '26 713 484 H1 '25 H1 '26 211% 195% FY '25 H1 '26 244% 230% FY '25 H1 '26 Solvency II Non-Solvency II
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Cash metrics Above EUR 1.4 bn cash upstream expected in 2026, significantly higher than last year 8 Group-wide view @ ageas’ share 1,450 1,167 FY '25 H1 '26 88 119 H1 '25 H1 '26 In EUR m Total liquid assets Holding costs In EUR m Cash Upstream Belgium Europe of which UK Asia of which China Reinsurance 468 662 167 215149 332 164 208 949 1,417 FY '25 FY '26e 269 110 87 In EUR m • Cash position down on the 25% step-up to full ownership of AG Insurance partially compensated by increased cash upstream • Increase in holding costs related to increased funding costs • Above EUR 1.4 bn cash upstream expected in 2026, up 49% vs. LY and above EUR 1.2 bn initial guidance – Exceptionally high dividend from China & Thailand • Increase in cash upstream from Belgium follows the 25% step-up to full ownership 108
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 9 Ageas sells its stake in Malaysia to Maybank 9 Elevate27 Financial Targets Confirmed Cash proceeds EUR 1.1 bn Price-to-book (P/B) ~2x 2025 IFRS Equity An opportunity to crystallise value, demonstrating the strength and strategic relevance of our partnership model Sale of 30.95% stake in Etiqa for EUR 1.1bn, delivering a net capital gain of EUR 450 m and adding ~23pp to Solvency II* Closing expected in H2 ’26, subject to regulatory approval * Proforma based on H1 ’26
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Conclusion • Next to our strong topline growth, our operations also delivered an improved profitability, despite the impact from significant adverse weather, a clear reflection of the resilience of our insurance business • Strong H1 2026 Net Operating Result driven by excellent Life performance and resilient Non-Life result despite significant adverse weather • FY ’26 Net Operating Result expected above EUR 1.95 bn • In 2026, we expect to receive above EUR 1.4 bn cash upstream from our insurance entities, an increase of 49% compared to last year • EUR 1.50 gross cash interim DPS to be paid in December 10
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Save the Date 8 October 2026 Four Seasons Hotel London at Tower Bridge 11 Ageas Deep Dive
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12 Group details
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Inflows Excellent commercial performance in Life – Strong Non-Life performance further supported by inorganic growth 13 * 25% step-up to full ownership of AG Insurance as of April 28th, 2026 ** For constant scope Belgium is considered at 75% ; esure, AICL and Reinsurance Partnerships are excluded Group-wide view @ ageas’ share In EUR m % ownership H1 '25 H1 '26 H1 '25 H1 '26 const. fx H1 '25 H1 '26 const. fx Belgium 100%* 1,682 2,148 28% 1,209 1,362 13% 2,891 3,510 21% Portugal 51% - 100% 378 526 39% 623 680 9% 1,002 1,206 20% UK 100% 847 1,416 72% 847 1,416 72% Türkiye 40% - 36% 91 121 48% 119 153 44% 210 273 46% Europe 470 646 41% 1,589 2,249 45% 2,059 2,895 44% Malaysia 31% 232 273 15% 200 186 (10%) 432 459 3% Thailand 31% - 15% 287 305 9% 38 39 5% 324 343 8% China 25% 3,916 3,988 3% 3,916 3,988 3% Taiping RE 25% 71 62 (6%) 202 191 1% 273 253 (1%) Philippines 50% 27 26 9% 27 26 9% Vietnam 32% 29 26 (3%) 29 26 (3%) India 70% - 40% 122 122 16% 101 97 11% 223 219 13% Asia 4,682 4,802 4% 541 513 (1%) 5,224 5,315 4% Reinsurance (3rd Party Business) 100% 277 355 28% 277 355 28% Ageas 6,834 7,596 12% 3,616 4,480 26% 10,450 12,075 17% Ageas at constant scope** 9% 6% 8% Reinsurance (Capital Management) 931 965 4% 931 965 4% Reinsurance (Group Purchasing) 90 85 (6%) 90 85 (6%) const. fx Life Non-Life Total
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 14 Ageas Net Operating Result 14 Belgium Life Net Operating Result up at constant scope* on higher operating insurance service result further supported by net capital gains Resilient Non-Life Net Operating Result despite adverse weather impact of EUR 59 m while LY was very benign Europe Life Net Operating Result up thanks to strongly improved results in Türkiye and Portugal Non-Life Net Operating Result up despite adverse weather mainly in Portugal (EUR 24 m) partially offset by higher PY releases and strong Health results Asia Life Net Operating Result supported by a solid operating insurance service result further benefitting from higher net capital gains in Thailand Non-Life Net Operating Result up thanks to lower claims in Taiping RE Reinsurance Capital Management and Group Purchasing Result impacted by adverse weather in Belgium and Portugal (EUR 83 m) 3rd Party Business strongly up highlighting solid operational performance Group-wide view @ ageas’ share In EUR m * 25% step-up to full ownership of AG Insurance as of April 28th, 2026 Solid operating performance across the group H1 '25 H1 '26 Life 164 221 Non-Life 84 75 Belgium 248 297 Life 49 65 Non-Life 66 80 Europe 115 145 Life 325 343 Non-Life 26 33 Asia 351 376 Reinsurance 87 52 Life 538 629 Non-Life 263 240 General Account (67) (93) Ageas Net Operating Result 734 776 RPN(i) 59 37 UG/L on FVPL (57) 285 RG/L on FVOCI (59) (105) Other non-cash (18) (90) Tax on above 16 (57) Ageas Net Result 677 846
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 15 Ageas Capital gains 15 Note: Net capital gains include capital gains, ECL stage 3 and impairments, net of tax & @ ageas’ share H1 '25 H1 '26 Life 43 63 Non-Life 6 15 Belgium 49 78 Life 3 4 Non-Life 1 1 Europe 5 5 Life (13) 18 Non-Life 2 3 Asia (11) 21 Reinsurance (0) 0 Life 34 86 Non-Life 9 19 General Account Ageas 43 104 Higher net capital gains on equities and real estate H1 ’26 includes net capital gains on equities mainly from Thailand driven by favourable equity market environment Group-wide view @ ageas’ share In EUR m Contribution of net capital gains to Net Operating Result
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 9.4 10.2 1.0 1.1 7.1 8.4 0.8 0.1 0.9 0.4 0.5 (0.0) (0.5)17.5 19.7 FY '25 Net Operating Result Net Operating CSM movement UG/L AG acquisition Dividend Other FX H1 '26 Ageas Movement in Comprehensive Equity 16 Group-wide view In EUR bn After tax Comprehensive Equity / share EUR 91.85 EUR 94.33 CSM UG/L on RE Shareholders’ Equity Increase driven by strong operating performance further supported by 100% ownership of AG Insurance
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas IFRS 17 Sensitivities 17 As per 2025 EUR m % Comprehensive Equity 17,519 100% Interest Rate Up 50 bps -78 -0.4% Down 50 bps 7 0.0% Equity Market Up 25% +1,588 9.1% Down 25% -1,612 -9.2% Real Estate Up 10% +229 1.3% Down 10% -251 -1.4% Credit Spread Government bonds Up 50 bps -160 -0.9% Corporate bonds Up 50 bps -367 -2.1% As per 2025 Combined ratio CY Discounting Benefit Interest Rate Up 50 bps Up 36 bps Down 50 bps Down 40 bps Neutral interest rate sensitivity with underlying regional differences
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Comprehensive Equity links with Available Capital 18 Group-wide view In EUR bn After tax 10.2 20.61.1 4.1(2.5) (0.0) (0.8) 8.4 19.7 Comprehensive Equity Intangibles Sub-debt Eligible / Uneligible capital Valuation differences Available Capital CSM UG/L on RE Shareholders’ Equity Movements mainly related to the 25% step-up to full ownership of AG Insurance
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 19 Ageas Operational Capital Generation Group OCG of EUR 1.1 bn 19 Group-wide view In EUR m Available Capital Required Capital Free Capital • Resilient Operational Capital Generation in the Solvency II scope despite impact adverse weather – Contribution from Asia mainly driven by China and strong increase in Thailand • Capital transactions and M&A reflecting the impact of debt instruments (movement on Available Capital) & minority adjustment related to the 25% step-up to full ownership of AG • Capital tiering related to eligibility of capital in China 5,214 3,830 484 (29) (558) (898) (75) (309) FY '25 Model & scope Market Operational Capital transaction and M&A Capital tiering & others Dividend H1 '26 19,485 20,558 417 190 1,063 (214) (75) (309) FY '25 Model & scope Market Operational Capital transaction and M&A Capital tiering & others Dividend H1 '26 8,545 9,644 299 424 337 40 FY '25 Model & scope Market Operational Capital transaction and M&A Capital tiering & others Dividend H1 '26
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Operational Capital Generation Operational Capital Generation in line with last year’s strong performance despite impact adverse weather 20 Group-wide view In EUR m H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 incl. Belgium, Portugal, UK, Reinsurance, India Life, Türkiye Life incl. China, Thailand, Malaysia, Philippines, Vietnam, India Non-Life, Türkiye Non-Life ( 94) ( 111) 713 484 Operational Free Capital Generation (OFCG) 510 353 297 242 Operational Capital Generation (OCG) Operational Solvency Capital Requirements (OSCR) 223 337 4 ( 6) Ageas 1,106 1,063 ( 88) ( 121) 220 General Account 659 627Non-Solvency II Scope Solvency II Scope 13 207 123535 558
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ageas Solvency 21Note: AC = Available Capital ; RC = Required Capital FY 2025 H1 2026 FY 2025 H1 2026 Solvency II scope 211% 195% Non-Solvency II scope 244% 230% AC RC Change AC RC Change Operational 767 117 +12pp Operational 627 220 +2pp including NCP dividends 330 Capital transaction & M&A ( 298) 0 -7pp Capital transaction & M&A 84 40 0pp Dividend ( 309) -8pp Dividend ( 330) -7pp Market movements (incl. RPN(i)) ( 49) 142 -8pp Market movements 240 282 -9pp Model Changes 297 278 -5pp Model changes 120 21 +3pp Capital tiering & others ( 75) 0 -2pp Total 407 536 -16pp Total 665 564 -14pp
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 42% 21% 12% 9% 7% 6% 3% Sovereign bonds Corporate bonds Loans & other Real Estate Unquoted Investment funds Equities Cash & Deposits Solid & diversified investment portfolio Stable asset mix & high-quality investments 22 @ageas’ share Belgium*, Europe and Reinsurance EUR 70.8 bn 43% 27% 17% 5% 5% 2% Sovereign bonds Corporate bonds Equities Loans & other Cash & Deposits Real Estate Asia EUR 60.3 bn 43% 24% 11% 9% 6% 4%4% Sovereign bonds Corporate bonds Equities Loans & other Real Estate Cash & Deposits Unquoted Investment funds Ageas Group EUR 131.1 bn * Includes Belgium @100% as of end H1 ’26
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. Colors Purple ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. #72258E #A36DBB #C4A1D3 #DBC6E4 #EDE2F1 Periodical Financial Information I H1 2026 Results I 27 August 2026 I 50% 29% 15% 3% 2% Investment Offices Car Parks Investment Retail RE Development Invest. Warehouses 35% 31% 21% 9% 2% 1% Government and official institutions Other* Infrastructure Mortgages Loans to Banks Real Estate 96% 4% Equities Private Equity 60% 26% 13% 1% Non Financials Banking Other financials Government related 43% 18% 8% 3% 2% 3% 24%Belgium France Spain Italy Portugal Germany Other 42% 21% 12% 9% 7% 6% 3% Sovereign bonds Corporate bonds Loans & other Real Estate Unquoted Investment funds Equities Cash & Deposits Belgium, Europe and Reinsurance investment portfolio Stable asset mix & high-quality investments 23 @ageas’ share EUR 8.3 bn LOANS PORTFOLIO EUR 70.8 bn EUR 6.3 bn REAL ESTATE PORTFOLIO Gross UG/L ~EUR 1.5 bn (@ageas’ share) CORPORATE BOND PORTFOLIO 99% investment grade - EUR 13.3 bn externally rated & EUR 1.5 bn internally rated EUR 14.9 bn * Mainly policyholder loans & commercial corporate loans (Dutch mortgage loans, social housing,…) EUR 4.1 bn EQUITY PORTFOLIO UNQUOTED INVESTMENT FUNDS & OTHER EUR 4.8 bn Belgium**, Europe and Reinsurance investment portfolio SOVEREIGN BOND PORTFOLIO 99% investment grade 54%39% 7% Financials Non Financials Government related EUR 30.0 bn ** Includes Belgium @100% as of end H1 ’26
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24 Operating segments
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #7FBD1A #A0D048 #BEDE7C #DEEEB9 #EFF6DC Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Belgium – Volume metrics Excellent growth in Life – Continued robust performance in Non-Life 25 @ageas’ share Other Household Motor A&H In EUR m Life Inflows In EUR m Non-Life Inflows In EUR bn, excl. UG/L Life Liabilities Guaranteed Unit-linked • Life Inflows increased 28% (+14% at constant scope*) driven by significant Unit-linked sales growth (+34% at constant scope*) and higher Guaranteed inflows (+8% at constant scope*), thanks to successful commercial campaigns • Includes EUR 227 m from the 25% step- up to full ownership of AG Insurance • Non-Life Inflows up 13% (+5% at constant scope*) thanks to growth across all business lines, driven by tariff increases and portfolio growth • Includes EUR 96 m from the 25% step- up to full ownership in AG Insurance • Life Liabilities up 37% (+ 3% at constant scope*) thanks to growth in Group Life and market movements in Unit-linked • Includes EUR 16.1 bn from the 25% step-up to full ownership of AG Insurance 315 349 372 427 390 442 131 1451,209 1,362 H1 '25 H1 '26 1,254 1,498 428 6491,682 2,148 H1 '25 H1 '26 47.1 64.5 FY '25 H1 '26 * 25% step-up to full ownership of AG Insurance as of April 28th, 2026
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #7FBD1A #A0D048 #BEDE7C #DEEEB9 #EFF6DC Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Belgium - Performance metrics 26 Life Non-Life • Solvency ratio decreased on higher SCR mainly driven by rating downgrade Belgium sovereign debt and increase of life margin assumptions in line with experience • Operational Capital Generation up on strong new business further supported by the 25% step-up to full ownership of AG Insurance partially offset by significant adverse weather • Life Net Operating Result up on higher operating insurance service result further supported by net capital gains • Resilient Non-Life Net Operating Result despite impact adverse weather • Includes EUR 34 m from the 25% step- up to full ownership of AG Insurance 164 221 84 75248 297 H1 '25 H1 '26 317 358 H1 '25 H1 '26 239% 202% FY '25 H1 '26 @ageas’ share Net Operating Result In EUR m In EUR m Operational Capital Generation In % Solvency ratio * 25% step-up to full ownership of AG Insurance as of April 28th, 2026
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #7FBD1A #A0D048 #BEDE7C #DEEEB9 #EFF6DC Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I 2,614 3,700 45 91 1,095 (144) BOP Time Value New Business Release Mvt on portfolio EOP Belgium – Life 27 @ageas’ share Life Guaranteed margin Life CSM roll-forward -0.6% • Life Guaranteed margin significantly above guidance driven by a strong insurance result • CSM release percentage at 7.5% • Movement on portfolio includes inclusion of AG insurance at 100% (EUR ~930 m) and increase of life margin assumptions in line with experience In bps avg Life Guaranteed Liabilities In EUR m 92 106 H1 '25 H1 '26 Life New Business • Value New Business (VNB) up 9% • Present Value New Business Premium (PVNBP) significantly up (+15% at constant scope) thanks to successful commercial campaigns in UL and Guaranteed • New Business Margin impacted by change in business mix 132 144 6.4% 5.4% H1 '25 H1 '26 Value New Business (VNB) New Business Margin (NBM)* * In % of Present Value of New Business Premium (PVNBP) In EUR m
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #7FBD1A #A0D048 #BEDE7C #DEEEB9 #EFF6DC Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Belgium – Non-Life Resilient performance despite significant impact from adverse weather 28 In % Insurance revenues @ageas’ share PY claims ● Combined ratio (COR) includes significant impact from adverse weather (9.3pp) while LY was very benign (0.4pp) ● COR includes 4.3pp benefit from discounting of CY claims (vs 3.3pp LY) ● Higher PY releases in Household ● A&H improved thanks to lower expense ratio and less claims while COR Motor and Household impacted by respectively 5.6pp & 23.0pp of adverse weather Claims Expenses Reinsurance 48.8 56.9 38.0 36.6 2.8 2.489.6 96.0 (2.0) (3.0) H1 '25 H1 '26 89.3 87.5 H1 '25 H1 '26 95.8 97.5 H1 '25 H1 '26 Motor HouseholdAccident & Health 87.4 106.5 H1 '25 H1 '26
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #D60D6D #DB6596 #E294B2 #F4BED7 #FADFEB Colors Magenta ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I 5.2 5.5 6.3 6.6 FY '25 H1 '26 Europe – Volume metrics Excellent performance in Life – Strong underlying growth in Non-Life further supported by esure and AICL 29 @ageas’ share Other Household Motor A&H • Life Inflows up 41% at constant FX driven by continued excellent growth in Türkiye and strong growth in Guaranteed & UL sales in Portugal • Non-Life Inflows up 45% (+5% at constant scope) with continued focus on profitability above volume • esure and AICL supporting growth in the UK in a competitive market (EUR 621 m) • Life Liabilities up 7% at constant FX driven by both Portugal and Türkiye • Pension AuM at EUR 6.6 bn driven by Türkiye (EUR 3.3 bn) and Portugal (EUR 3.3 bn) 395 528 75 118 470 646 H1 '25 H1 '26 396 449 842 1,365 314 379 37 561,589 2,249 H1 '25 H1 '26 In EUR m Life Inflows Life Liabilities & Pension AuM In EUR m Non-Life Inflows In EUR bn Unit-linked Guaranteed Pension AuM Life Liabilities excl. UG/L
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #D60D6D #DB6596 #E294B2 #F4BED7 #FADFEB Colors Magenta ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Europe – Performance metrics 30 Life Non-Life • Life Net Operating Result driven by strongly improved insurance result in Türkiye and Portugal • Non-Life Net Operating Result robust despite adverse weather in Portugal • Operational Capital Generation significantly up mainly driven by strong new business in Türkiye Life. Adverse weather impact in Portugal offset by strong performance in Health and Life • Solvency ratio mainly impacted by debt repayments in the UK & Portugal 49 65 66 80 115 145 H1 '25 H1 '26 110 179 H1 '25 H1 '26 181% 166% FY '25 H1 '26 In EUR m Net Operating Result Solvency ratio In EUR m Operational Capital Generation In % @ageas’ share
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #D60D6D #DB6596 #E294B2 #F4BED7 #FADFEB Colors Magenta ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I 163 181 7 41 4 (30) (4) BOP Time Value New Business Release Mvt on portfolio FX EOP In EUR m Europe – Life 31 @ageas’ share • Value New Business up 30% at constant FX • Present Value of New Business Premium (PVNBP) up 40% at constant FX • New Business Margin reflecting change in business mix • Strong New Business CSM thanks to strong growth in Türkiye 66 81 14.0% 12.5% H1 '25 H1 '26 Life New Business Life CSM roll-forward +22.0% * In % of Present Value of New Business Premium (PVNBP) Value New Business (VNB) New Business Margin (NBM)* In EUR m
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #D60D6D #DB6596 #E294B2 #F4BED7 #FADFEB Colors Magenta ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I • Combined Ratio (COR) includes 3.5pp impact from weather (vs 0.9pp LY) • COR includes 3.9pp benefit from discounting of CY claims (in line with LY) • A&H improved thanks to lower claims and expenses in Portugal continuing its positive trajectory in health profitability • Household in Portugal significantly impacted by adverse weather (54.1pp) Europe – Non-Life 32 HouseholdMotorAccident & Health 61.8 67.2 25.9 27.9 5.6 0.393.3 95.4 (1.8) (4.9) H1 '25 H1 '26 90.4 86.0 H1 '25 H1 '26 In % Insurance revenues @ageas’ share PY claims Claims Expenses Reinsurance 94.4 94.2 H1 '25 H1 '26 98.1 109.5 H1 '25 H1 '26
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #FE3C0F #FC6C3A #FC9F72 #FDD0B2 #FEE7D8 Colors Orange ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Asia – Volume metrics Solid growth driven by Life 33 @ageas’ share A&H Other incl. Reinsurance Household Motor 4,682 4,802 H1 '25 H1 '26 47 51 148 154 56 43 290 265 541 513 H1 '25 H1 '26 41.5 47.2 10.9 FY '25 H1 '26 In EUR m Life Inflows Life Liabilities & Pension AuM In EUR m Non-Life Inflows In EUR bn • Life Inflows up 4% at constant FX driven by a successful jump-start campaign in China and strong growth in Thailand (+9%) further supported by the emerging markets India (+16%) and the Philippines (+9%) • Non-Life Inflows remained flat at constant FX, with growth in Thailand and India offset by lower volumes in Malaysia • Life Liabilities up 8% at constant FX mainly driven by China (+10%) • Pension AuM at EUR 10.9 bn thanks to inclusion of Taiping Pension Pension AuM Life Liabilities excl. UG/L
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #FE3C0F #FC6C3A #FC9F72 #FDD0B2 #FEE7D8 Colors Orange ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Asia - Performance metrics 34 @ageas’ share Life • Solvency ratio in H1 ’26 driven by interest rate environment in China and increased required capital related to higher equity exposure and business growth • Operational Capital Generation with China as main contributor and growth in Thailand driven by new business volumes 325 343 26 33351 376 H1 '25 H1 '26 662 628 H1 '25 H1 '26 242% 228% FY '25 H1 '26 In EUR m Net Operating Result Solvency ratio In EUR m Operational Capital Generation In % • Life Net Operating Result supported by a solid operating insurance service result further benefitting from higher net capital gains in Thailand • Non-Life Net Operating result up mainly thanks to lower claims in Taiping Re Non-Life
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #FE3C0F #FC6C3A #FC9F72 #FDD0B2 #FEE7D8 Colors Orange ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I 6,644 7,246 128 325 74 369 (294) BOP Time Value New Business Release Mvt on portfolio FX EOP Asia – Life & Non-Life 35 @ageas’ share • Operating CSM at EUR 159 m • CSM release percentage of 8.5% +4.7% Claims Expenses Reinsurance 60.0 57.0 22.3 23.6 13.3 14.4 95.6 95.0 (3.8) (1.2) H1 '25 H1 '26 339 328 9.3% 8.8% H1 '25 H1 '26 Life New Business Non-Life Combined ratio In EUR m Life CSM roll-forward In % Insurance revenues * In % of Present Value of New Business Premium (PVNBP) Value New Business (VNB) New Business Margin (NBM)* PY claims In EUR m • Present Value of New Business Premium (PVNBP) up 3% driven by China (+7% at constant FX) and Thailand (+21% at constant FX) • New Business Margin reflects the increased focus on shorter term participating products in H1 ’26 • Combined ratio improved thanks to lower CY claims • Combined ratio includes CY discount benefit of 3.8pp (in line with LY)
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #59C6D1 #99E2EA #BCE4E9 #DFECEE #EFF5F6 Colors Blue ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Reinsurance 36 Claims Expenses Reinsurance @ageas’ share Group Purchasing Capital Management 3rd Party Business including Partnership 64.6 62.2 13.9 14.1 5.1 5.8 83.7 82.1 H1 '25 H1 '26 Excellent performance in 3rd Party Business further supported by contribution from partnerships In % Insurance revenuesIn EUR m Non-Life Inflows Combined ratio 3rd Party Business 931 965 90 85 277 355 1,297 1,405 H1 '25 H1 '26 • 3rd Party Business significantly up (+28%) supported by strong new business growth in Non-Property and Specialty lines • Capital Management up following growth in Belgium and Portugal • Group Purchasing slightly down mainly due to lower pricing environment • Improved COR thanks to strong claims ratio • COR includes 5.1pp benefit from discounting of CY claims
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #59C6D1 #99E2EA #BCE4E9 #DFECEE #EFF5F6 Colors Blue ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Reinsurance Net Operating Result impacted by adverse weather partially compensated by strong 3rd Party Business result 37 • Operational Capital Generation significantly impacted by adverse weather in Belgium & Portugal while H1 ’25 benefitted from benign weather as well as the contribution from the QS agreement related to the Motor business distributed by Prima @ageas’ share 105 23 H1 '25 H1 '26 Result from Group Purchasing Result from Capital Management Investment Result Capital Mgmt, Group Purchasing and other In EUR mIn EUR m Net Operating Result Operational Capital Generation NOR 3rd Party Business including Partnerships 21 36 (6) 6 3 (9) 68 18 87 52 H1 '25 H1 '26 • Capital Management and Group Purchasing mainly impacted by adverse weather in Belgium and Portugal (EUR 83 m) • 3rd Party Business strongly up, highlighting solid performance • Investment Result supportive, thanks to a growing asset base
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38 General Information
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #404040 #8B8B8B #B1B1B1 #D8D8D8 #EBEBEB Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Outstanding debt Financial leverage ratio of 21.2%* 39 * Financial leverage ratio on IFRS17 accounting base, calculated as (total financial leverage / (total equity + 100% conso CSM net of tax + total financial leverage)), excluding the esure RT1 redeemed on 29 July 2026 ** Indicates the first call date within the upcoming redemption period Ageasfinlux AG Insurance (Belgium) esure Group plc (UK) Fortis Bank (BNPPF) Perp Fixed Rate Reset Temporary Write-Down Perp Fixed Rate Reset Temporary Write-Down Fixed-to-Floating Rate Notes Fixed-to-Floating Rate Notes Fixed-to-Floating Rate Notes FRESH Fixed Rate Reset Dated Subordinated Notes Reset Subordinated Notes CASHES Tier 1 Tier 1 Tier 2 Tier 2 Tier 2 Tier 1 Tier 2 Tier 2 3M EUR 3M EUR +135 bps +200 bps Amount outstanding EUR 750 m EUR 450 m EUR 500 m EUR 500 m EUR 500 m GBP 400 m EUR 151 m EUR 400 m GBP 100 m EUR 832 m ISIN BE6317598850 BE6369832363 BE0002644251 BE6325355822 BE6363767821 BE6365838190 XS0147484074 BE6277215545 XS2631268401 BE0933899800 Call date December 2029** May 2034** July 2029 May 2031** November 2035** September 2028** Undated Strike 315.0 Mandatory 472.5 June 2027 June 2028** Undated Strike 239.4 Mandatory 359.1 Reset Date June 2030 Reset to 5-yr mid- swap rate + 379.2 bps November 2034 Reset to 5-yr mid- swap rate + 303.9 bps July 2029 Step up to 3M Euribor + 380 bps November 2031 Step up to 3M Euribor + 310 bps May 2036 Step up to 3M Euribor +315 bps June 2027 Step up to 5Y EUR MS Rate + 3.875% December 2028 Step up to 5-yr Gilt + 7.489% Other Public issue Public issue Public issue Public issue Public issue Public issue Public issue Public issue Coupon served by FBB, trigger ACSM linked to Ageas dividend Market Price (Last closing H1 26) 98.06 102.20 99.37 91.84 102.38 100.04 97.40 100.20 114.65 96.22 % 1.875%3.250% Ageas SA/NV 4.750% GBP Senior Fixed Rate Notes 4.625% 12.00%3.50%3.875% 5.875%
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #404040 #8B8B8B #B1B1B1 #D8D8D8 #EBEBEB Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I Ratings 40 S&P MOODY'S FITCH Holding ageas SA/NV A+ / Stable A1 / Stable AA- / Stable Last review 25/11/2025 29/10/2025 20/10/2025 Entities and NCP's AG Insurance (Belgium) A+ / Stable A1 / Stable AA- / Stable Last review 25/11/2025 29/10/2025 20/10/2025 Ageas Insurance Limited (AIL) A+ / Stable AA- / Stable Last review 25/11/2025 20/10/2025 Muang Thai Life BBB+ / Stable A- / Stable Last review 29/10/2025 11/02/2026 Etiqa Insurance Berhad (Malaysia) A / Stable Last review 04/03/2026 Taiping Life A / Stable Last review 02/11/2025 Taiping Reinsurance A / Stable A / Stable Last review 31/10/2025 02/11/2025
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #404040 #8B8B8B #B1B1B1 #D8D8D8 #EBEBEB Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I ESG Ratings Top quartile ESG rating confirmed 41 Rating agency 2022 2023 2024 2025 2026 ISS QualityScore (The lower the score the better, max. 1 in each pillar) G 2 S 2 E 4 G 2 S 2 E 3 G 3 S 2 E 4 (31.12.2024) G 2 S 2 E 2 (02.01.2026) G 2 S 1 E 1 (03.08.2026 - Partial update) MSCI ESG (From CCC to AAA, max AAA) A AA AA (22.05.2024) AA (02.01.2026) Update ongoing S&P Global CSA (The higher the score the better, max. 100) 50/100 76 (Percentile) 48/100 81 (Percentile) 55/100 82 (Percentile) (07.02.2025) 64/100 87 (Percentile) (08.12.2025) Update ongoing CDP – Climate Change (From D- to A, max. A) C B B (06.02.2025) B (10.12.2025) Update ongoing Morningstar Sustainalytics Significant rating improvement received on 18 July 2025. See more in https://sustainability.ageas.com/esg-rating- benchmarks
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Click and type in the text boxes or choose element to insert (like picture, table, graphic etc.) . Remove preset boxes by selecting and [ DELETE ] remove. #404040 #8B8B8B #B1B1B1 #D8D8D8 #EBEBEB Colors Green ▪ Select text or a shape. ▪ Go to the bucket for fill color or choose option text color. ▪ Choose eyedropper. ▪ Choose correct color. Periodical Financial Information I H1 2026 Results I 27 August 2026 I 22.5% 1.6%* FPIM-SFPI 6% Belgian Retail Other Identified Retail BlackRock Ageas Identified Institutional Investors Other Investors Share Information 42 Listed on Euronext Brussels Index BEL 20 ISIN BE0974264930 Bloomberg AGS BB Reuters AGES.BR Ageas’ share Ownership structure BNP Paribas *CASHES shares held by BNPPF Situation 31/12/2025 Situation 01/07/2026 Total Issued Shares 198,938,286 213,938,286 Shares not entitled to dividend nor voting rights 11,683,903 8,141,373 1. TREASURY SHARES Share buy-back 4,242,378 722,315 FRESH 478,572 478,572 Other treasury shares 3,489,682 3,467,215 2. CASHES 3,473,271 3,473,271 Shares entitled to dividend & voting rights 187,254,383 205,796,913
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Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Future actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in Ageas’s core markets, (ii) performance of financial markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates, (viii) increasing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the Economic and Monetary Union, (x) changes in the policies of central banks and/or foreign governments and (xi) general competitive factors, in each case on a global, regional and/or national basis. In addition, the financial information contained in this presentation, including the pro forma information contained herein, is unaudited and is provided for illustrative purposes only. It does not purport to be indicative of what the actual results of operations or financial condition of Ageas and its subsidiaries would have been had these events occurred or transactions been consummated on or as of the dates indicated, nor does it purport to be indicative of the results of operations or financial condition that may be achieved in the future. Investor Relations Tel: E-mail: Website: + 32 2 557 57 32 ir@ageas.com www.ageas.com