Ageas to acquire UK insurer esure for $1.7 billion

Investing.comApr 14, 2025 1:29 PM

View all comments（0）



Investing.com -- ageas SA/NV (OTC:AGESY), a Belgian insurance group, on Monday confirmed its plans to purchase British car and home insurance provider esure from Bain Capital for £1.3 billion ($1.7 billion).

The transaction is expected to be finalized in the second half of 2025, the company said in a press release, adding that the strategic move will enable Ageas (LON:0Q99)'s UK division to expand its target customer base and boost its revenues to £3.25 billion by 2028.

Shares of Ageas were up 1.6% after the news.

Esure, a leading UK personal lines insurer with a fully digital distribution model via the PCW channel, also aims to enhance its digital capabilities in the motor and home insurance sectors.

According to the agreement, Ageas will pay Bain Capital a cash sum of £1.295 billion (€1.510 billion) for esure. This respects a Solvency II target ratio of 150% as of the end of 2024.

Ageas' capital position will remain strong, with the Solvency II ratio expected to decrease by approximately only 10 percentage points due to the inclusion of about €1 billion of Own Funds instruments in the financing mix.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SK Hynix Surges Over 4% as Q3 Results Hit Record High, Returning $75 Billion to Shareholders

SK Hynix reported a record-breaking Q3 operating profit while announcing a massive 100 trillion won (approximately $75 billion) shareholder return plan, sending its stock price surging 4%.

Today’s Market Recap: $63 Billion Anthropic Compute Financing Lifts Chip Stocks, Broadcom Gains 4%, CRWV Rises Nearly 8%, Boeing Falls Over 10%

TradingKey - On October 27, Eastern Time, all three major U.S. stock indexes closed higher, with the Nasdaq and the S&P 500 gaining for the second consecutive trading day. AI-related stocks continued to lead the rally, while a $63 billion computing power financing deal involving Broadcom (AVGO) lift

KOSPI Tops 5,800, Kioxia Jumps Over 4% as SK Hynix Revenue and Profit Hit Record Highs

The KOSPI surged over 3%, Kioxia jumped 4%, Samsung and SoftBank joined the rally, and SK Hynix unveiled a massive 100 trillion KRW in shareholder returns.

US Stocks Close: Nasdaq Rises Over 1%, Philadelphia Semiconductor Index Gains Over 3%; Chip Stocks Extend Rally, CoreWeave Gains Nearly 8%

On Tuesday, October 27, Eastern Time, U.S. stocks moved higher, with chip stocks extending their rally to drive the Nasdaq to lead the gains. Amid falling oil prices, investors continued to assess a heavy slate of corporate earnings reports while focusing on the Federal Reserve's interest rate meeting. At the close, the Dow Jones Industrial Average rose 0.03% to 52,377.57 points; the Nasdaq Composite Index gained 1.18% to 26,477.81 points; and the S&P 500 Index advanced 0.60% to 7,722.60 points.

Amazon Q3 Earnings Preview: AWS Growth Expected to Rise to 41%, Wall Street Top Price Target $400

TradingKey - Amazon (AMZN) will release its third-quarter 2026 financial results after the U.S. market close on October 29, Eastern Time, and hold an earnings conference call at 17:00 on the same day.

Featured Tools