Q4 2018 Ageas NV Earnings Call Transcript

Feb 20, 2019 / 08:00AM GMT
Bart De Smet - ageas SA/NV-CEO&Executive Director

Good morning, ladies and gentlemen. Thank you all for dialing into this conference call and for being with us for the presentation of the full year 2018 results of Ageas.

I'm, as usual, joined in the room by my colleagues of the Executive Committee, Christophe Boizard, our CFO; Filip Coremans, CRO; and Antonio Cano, COO. Our CEO of Asia Insurance, Hans De Cuyper, is also present in the room. And of course, our Investor Relations team is here as well.

Ladies and gentlemen, 2018 has been a decisive year for Ageas. The base of the group has been turned with the settlement becoming final. Indeed, given the very limited number of opt-out received, we waived, in December, the termination right. Today, the execution of a settlement is ongoing. The handling of a huge number of files is a massive project, and several tranches of compensation have already been paid to early filers.

Earlier this month, Ageas has also received a favorable judgment from the Court of Appeal in the MCS

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