Ageas to become 100% owner of AG Insurance

The Ageas Group has acquired a 25% stake in AG Insurance, a Belgian insurance company. This stake was purchased from BNP Paribas Fortis, the Belgian subsidiary of BNP Paribas, for a total of 1.9 billion EUR (2.2 billion USD).

With this transaction, Ageas becomes the sole shareholder of AG Insurance, holding a 100% stake.

Subject to approval by the relevant authorities, the transaction is expected to be finalized in the second quarter of 2026.

Once the transaction is completed, the Ageas and BNP Paribas groups will enter into a five-year partnership agreement, which will be automatically renewable.