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Ageas

About us

Elevate27

Elevate27 is built on three strategic drivers that leverage on the Group's strengths:

  1. Driving profitable growth, amongst others by addressing the needs of an ageing population and SMEs

  2. Extending the Group's leadership in technical insurance and operational excellence

  3. Future-proofing our distribution capabilities and enriching the customer experience

Elevate27 is our Group’s three-year strategy for the period 2025-2027. As the name suggests, it is about taking Ageas’s strong performance to the next level, building on our unique growth profile and strong long-term track record, and the experience we have garnered over the years.

elevate27-our-plan-no-text

Central to this strategy will be an increased emphasis on our People and on Tech, Data & Al capabilities, which will enable us to deliver on our ambitions.

Our actions are still guided and influenced by a commitment to sustainability, our long-term perspective, and by our partnership DNA.

Interested to know more? Leaf through our Elevate27 brochure!

A targeted performance

As a true stakeholder driven company, we hold ourselves accountable for delivering on our promises by 2027. This translates to setting clear financial and non-financial targets that allow us to measure our progress over time.

On 27 August 2025, at the occasion of the publication of its first half-year 2025 results, Ageas announced that, as a result of strong performance and a positive outlook for achieving a full-year 2025 Net Operating Result between EUR 1.3 and 1.35 billion, the company has revised its Elevate27 financial targets upward.

On 8 December 2025, Ageas announced its acquisition of the remaining 25% stake in its Belgian subsidiary, AG Insurance SA/NV. This transaction is anticipated to accelerate progress towards Ageas’s Elevate27 financial objectives, prompting a second upward revision of its targets. The holding free cash flow target has increased from EUR 2.3 billion to EUR 2.6 billion, while shareholder remuneration is set to rise from EUR 2 billion to EUR 2.2 billion.

The Holding Free Cash Flow target has been increased from above EUR 2.2 billion to more than EUR 2.3 billion by 2027. The shareholder remuneration would exceed EUR 2 billion during the cycle, while the 6-8% earnings per share growth rate is maintained.

Elevate27 commitments

As a business and to investors.

Initial target by end 2027

Upgraded target by end 2027

Average earnings per share growth

6% to 8%

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Holding Free Cash Flow

EUR 2.2+ billion

EUR 2.6+ billion

Shareholder Remuneration (Progressive Dividend per Share)

EUR 1.9+ billion

EUR 2.2+ billion

To customers

Delivering the best customer experience

Top quartile NPS scores across all our markets

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To employees

Employee NPS

Top quartile

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Women in senior and middle management

40%

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To society

Products

35+ % of GWP from products that stimulate the transition to a more sustainable and inclusive world.

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ESG Ratings

Top quartile with 3 out of 6 rating agencies we actively engage with

Top quartile with 3 out of 5 rating agencies we actively engage with

Supporter of your life
Copyright Ageas 2026
Ageas SA/NV
21, Avenue du boulevard / Bolwerklaan, 21
1210 Brussels, Belgium
Copyright Ageas 2026