{"id":28520,"date":"2026-08-31T09:50:10","date_gmt":"2026-08-31T09:50:10","guid":{"rendered":"https:\/\/www.asquarepartners.com\/?p=28520"},"modified":"2026-09-02T13:02:17","modified_gmt":"2026-09-02T13:02:17","slug":"results-h1-2026-be","status":"publish","type":"post","link":"https:\/\/www.asquarepartners.com\/fr\/results-h1-2026-be\/","title":{"rendered":"Results &#8211; H1 2026\uff5cBelgium"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28520\" class=\"elementor elementor-28520\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63eac10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63eac10\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e6ef89\" data-id=\"5e6ef89\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb1bbe8 elementor-widget elementor-widget-text-editor\" data-id=\"fb1bbe8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tBelgium\u2019s leading banks and insurers have published their H1 2026 results. Profitability, insurance growth, combined ratios, solvency and capital strength: we take a closer look at the key figures and developments shaping the Belgian financial sector in the first half of the year.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c77dafa elementor-widget elementor-widget-spacer\" data-id=\"c77dafa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-93aba15 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93aba15\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b1f4a2f\" data-id=\"b1f4a2f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-552674e elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"552674e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"205\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2020\/09\/Ageas_logo.png\" class=\"attachment-large size-large wp-image-10255\" alt=\"Ageas logo\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2020\/09\/Ageas_logo.png 200w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2020\/09\/Ageas_logo-36x36.png 36w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-17f98be\" data-id=\"17f98be\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79ab3e7 elementor-widget elementor-widget-heading\" data-id=\"79ab3e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ageas reports strong Life performance and resilient Non-Life results in H1 2026<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e436431 elementor-widget elementor-widget-text-editor\" data-id=\"e436431\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.ageas.com\/fr\/newsroom\/ageas-publie-ses-rsultats-du-premier-semestre-2026-3351770\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03087f3 elementor-widget elementor-widget-text-editor\" data-id=\"03087f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"isSelectedEnd\">Ageas reported a strong first half of 2026, with total inflows reaching <strong>EUR 12.1 billion, up 17% year-on-year<\/strong>, and a <strong>Net Operating Result of EUR 776 million, up 6%<\/strong>. The performance was mainly driven by strong Life results across all regions, while Non-Life remained resilient despite significant weather-related claims in Belgium and Portugal.<\/p><p class=\"isSelectedEnd\"><strong>Life inflows increased by 12% to EUR 7.6 billion<\/strong>, supported by strong commercial performance across Belgium, Europe and Asia. The Life Net Operating Result rose to <strong>EUR 629 million<\/strong>, driven by solid underwriting performance and a higher investment result. The <strong>Contractual Service Margin (CSM) reached EUR 11.1 billion<\/strong>, with operating CSM growth of 3.6%. Value of New Business increased by 5% to <strong>EUR 554 million<\/strong>, while the New Business Margin stood at 7.9%.<\/p><p class=\"isSelectedEnd\">In <strong>Non-Life<\/strong>, inflows increased by 26% to EUR 4.5 billion. Weather-related claims in Belgium and Portugal added approximately five percentage points to the Group combined ratio, which reached <strong>95.2% compared with 92.1% in H1 2025<\/strong>. Despite this impact, Ageas reported healthy underlying technical profitability and disciplined underwriting, with a Non-Life Net Operating Result of <strong>EUR 240 million<\/strong>.<\/p><p class=\"isSelectedEnd\">From a capital perspective, Ageas reported a <strong>Solvency II ratio of 195%<\/strong> at the end of June and Operational Capital Generation of approximately <strong>EUR 1.1 billion<\/strong>. The Group expects the sale of its Malaysian activities to add around 23 percentage points to its Solvency II ratio upon completion.<\/p><p class=\"isSelectedEnd\">Ageas also continues to expand the use of <strong>AI in pricing and underwriting<\/strong>, with more than 300 AI use cases deployed across the Group. In the UK, its Dynamic Pricing engine uses advanced AI models to continuously optimise insurance pricing and support underwriting decisions.<\/p><p>Looking ahead, Ageas expects its <strong>full-year 2026 Net Operating Result to exceed EUR 1.95 billion<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-328842c elementor-widget elementor-widget-spacer\" data-id=\"328842c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5a01d56 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a01d56\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-889e2a6\" data-id=\"889e2a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8c1b406 elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"8c1b406\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"345\" height=\"116\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/09\/telechargement-e1742726557687.png\" class=\"attachment-large size-large wp-image-13831\" alt=\"\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/09\/telechargement-e1742726557687.png 345w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/09\/telechargement-e1742726557687-300x101.png 300w\" sizes=\"(max-width: 345px) 100vw, 345px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d93f952\" data-id=\"d93f952\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84e1839 elementor-widget elementor-widget-heading\" data-id=\"84e1839\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Belfius Insurance reports resilient H1 2026 results despite severe weather<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1fd7c34 elementor-widget elementor-widget-text-editor\" data-id=\"1fd7c34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.belfius.be\/about-us\/dam\/corporate\/press-room\/press-articles\/downloads\/fr\/2026\/Communiqu%C3%A9%20Belfius_R%C3%A9sultats%20semestriels%202026.pdf\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c2b0e8 elementor-widget elementor-widget-text-editor\" data-id=\"8c2b0e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"79\" data-end=\"501\">Belfius Insurance reported a <strong data-start=\"108\" data-end=\"152\">net result of EUR 130 million in H1 2026<\/strong>, down from EUR 161 million a year earlier. The decline was largely driven by exceptional weather conditions, including the most severe hailstorm of the past five years. Excluding this impact, Belfius indicates that the contribution from its insurance activities would have remained broadly stable year-on-year.<\/p><p data-start=\"503\" data-end=\"866\">In <strong data-start=\"506\" data-end=\"518\">Non-Life<\/strong>, premium income increased by <strong data-start=\"548\" data-end=\"575\">4.0% to EUR 494 million<\/strong>, with growth across all distribution channels. Bancassurance premiums rose by 5.5%, DVV by 2.9% and Belfius Direct Assurances by 9.8%, while new policy sales through Belfius Direct Assurances increased by 39%, mainly driven by motor and home insurance.<\/p><p data-start=\"868\" data-end=\"1259\">In <strong data-start=\"871\" data-end=\"879\">Life<\/strong>, premium income decreased by <strong data-start=\"909\" data-end=\"937\">11.5% to EUR 957 million<\/strong>, although the Pension and Protection segments recorded growth of 10.4% and 4.1% respectively. Total Life insurance reserves increased by <strong data-start=\"1075\" data-end=\"1103\">3.2% to EUR 17.0 billion<\/strong>, supported by growth in both the Invest (+5.5%) and Pension (+2.5%) portfolios.<\/p><p data-start=\"1261\" data-end=\"1546\">From a capital perspective, <strong data-start=\"1289\" data-end=\"1380\">Belfius Insurance maintained a strong Solvency II ratio of 193% at the end of June 2026<\/strong>, compared with 201% at year-end 2025, confirming a robust solvency position despite the more challenging operating environment.<\/p><p data-start=\"1548\" data-end=\"1841\" data-is-last-node=\"\" data-is-only-node=\"\">Belfius is also pursuing further digitalisation and international expansion in insurance. The acquisition of French insurtech <strong data-start=\"1674\" data-end=\"1685\">Leocare<\/strong> marks a first step beyond Belgium and is intended to strengthen Belfius\u2019 technology- and data-driven insurance model.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbe5ceb elementor-widget elementor-widget-spacer\" data-id=\"cbe5ceb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5d7cc52 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d7cc52\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e319de0\" data-id=\"e319de0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa20b4d elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"aa20b4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"280\" height=\"180\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/06\/ethias.png\" class=\"attachment-large size-large wp-image-13149\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f0f0e2e\" data-id=\"f0f0e2e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf2af77 elementor-widget elementor-widget-heading\" data-id=\"bf2af77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ethias delivers strong H1 2026 growth and maintains robust solvency<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ed0602 elementor-widget elementor-widget-text-editor\" data-id=\"5ed0602\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.newsroom.ethias.be\/ethias-depasse-ses-objectifs-et-renforce-son-impact-economique-en-belgique\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62a7c26 elementor-widget elementor-widget-text-editor\" data-id=\"62a7c26\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"72\" data-end=\"399\">Ethias reported a strong first half of 2026, with a <strong data-start=\"124\" data-end=\"163\">BGAAP net result of EUR 145 million<\/strong>, up EUR 43 million year-on-year and EUR 10 million above expectations. Total premium income reached <strong data-start=\"264\" data-end=\"285\">EUR 2.517 billion<\/strong>, representing growth of more than EUR 400 million, or <strong data-start=\"340\" data-end=\"347\">18%<\/strong>, mainly driven by strong Life business performance.<\/p><p data-start=\"401\" data-end=\"819\">Despite several significant weather events during the period, the Group maintained a profitable growth trajectory and reported financial results ahead of expectations. Its <strong data-start=\"573\" data-end=\"650\">regulatory Solvency II ratio stood at around 200% at the end of June 2026<\/strong>, in line with the Group\u2019s objectives. The ratio is calculated using the standard formula and includes a projected dividend of EUR 154 million, prorated over six months.<\/p><p data-start=\"821\" data-end=\"1121\">Beyond its insurance activities, Ethias continued to strengthen its role as a long-term investor in the Belgian economy. Investments in Belgium reached approximately <strong data-start=\"987\" data-end=\"1006\">EUR 5.8 billion<\/strong>, with a particular focus on strategic infrastructure linked to mobility, the energy transition and digitalisation.<\/p><p data-start=\"1123\" data-end=\"1468\" data-is-last-node=\"\" data-is-only-node=\"\">The Group is also reinforcing its technology ambitions through Keyes and Ethias Ventures, with initiatives focused on sovereign cloud infrastructure, cybersecurity and AI. These developments form part of Ethias\u2019 broader <strong data-start=\"1343\" data-end=\"1356\">Values 29<\/strong> strategy, which combines profitable growth with long-term economic, social and technological impact in Belgium.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f457dfd elementor-widget elementor-widget-spacer\" data-id=\"f457dfd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-46b2989 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46b2989\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9f4d186\" data-id=\"9f4d186\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8af4aa1 elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"8af4aa1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"600\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/03\/KBC.jpg\" class=\"attachment-large size-large wp-image-12643\" alt=\"\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/03\/KBC.jpg 768w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/03\/KBC-300x234.jpg 300w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/03\/KBC-705x551.jpg 705w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/03\/KBC-450x352.jpg 450w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9d812a1\" data-id=\"9d812a1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0de40b elementor-widget elementor-widget-heading\" data-id=\"c0de40b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">KBC reports strong H1 2026 insurance performance and improved combined ratio<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ff8dfa elementor-widget elementor-widget-text-editor\" data-id=\"2ff8dfa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/newsroom.kbc.com\/kbc-group-second-quarter-result-of-1-152-million-euros\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf3cfed elementor-widget elementor-widget-text-editor\" data-id=\"cf3cfed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"81\" data-end=\"261\">KBC Group reported a <strong data-start=\"102\" data-end=\"147\">net profit of EUR 1.71 billion in H1 2026<\/strong>, up 9% year-on-year, following a second-quarter result of EUR 1.15 billion.<\/p><p data-start=\"263\" data-end=\"625\">From an insurance perspective, the <strong data-start=\"298\" data-end=\"375\">insurance service result increased by 11% year-on-year to EUR 341 million<\/strong>, including EUR 229 million from Non-Life and EUR 112 million from Life. The <strong data-start=\"452\" data-end=\"495\">Non-Life combined ratio improved to 85%<\/strong>, compared with 87% for full-year 2025, reflecting continued strong technical profitability.<\/p><p data-start=\"627\" data-end=\"987\">Commercial activity also remained strong. <strong data-start=\"669\" data-end=\"733\">Non-Life insurance sales increased by 9% to EUR 1.59 billion<\/strong> in the first half of the year, with growth across all main insurance classes. <strong data-start=\"812\" data-end=\"868\">Life insurance sales rose by 18% to EUR 1.97 billion<\/strong>, supported by higher sales of both unit-linked and guaranteed-interest products.<\/p><p data-start=\"989\" data-end=\"1355\">In the second quarter, the Non-Life insurance service result was affected by higher claims related to storms and industrial fires, although this was largely offset by higher insurance revenues and a better reinsurance result. The Life insurance service result, meanwhile, increased by 9% quarter-on-quarter and 10% year-on-year.<\/p><p data-start=\"1357\" data-end=\"1621\">KBC Insurance also strengthened its solvency position, with its <strong data-start=\"1421\" data-end=\"1485\">Solvency II ratio increasing to 231% at the end of June 2026<\/strong>, compared with 227% at year-end 2025. At Group level, the fully loaded CET1 ratio stood at 14.4%.<\/p><p data-start=\"1623\" data-end=\"1866\" data-is-last-node=\"\" data-is-only-node=\"\">Looking ahead, KBC upgraded its 2026 guidance for <strong data-start=\"1673\" data-end=\"1748\">insurance revenues before reinsurance to approximately +9% year-on-year<\/strong>, while maintaining its target for the Non-Life combined ratio at <strong data-start=\"1814\" data-end=\"1827\">below 91%.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3376d6e elementor-widget elementor-widget-spacer\" data-id=\"3376d6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3356f97 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3356f97\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-78b946a\" data-id=\"78b946a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0873598 elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"0873598\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"252\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-1030x325.png\" class=\"attachment-large size-large wp-image-14611\" alt=\"\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-1030x325.png 1030w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-300x95.png 300w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-768x243.png 768w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-1536x485.png 1536w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-2048x647.png 2048w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-1500x474.png 1500w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-705x223.png 705w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/12\/ING_logo_PNG1-450x142.png 450w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4a605c1\" data-id=\"4a605c1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0bc7616 elementor-widget elementor-widget-heading\" data-id=\"0bc7616\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ING Belgium delivers strong H1 2026 growth with higher profitability and increased risk costs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd9ee0c elementor-widget elementor-widget-text-editor\" data-id=\"cd9ee0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/newsroom.ing.be\/ing-belgium-increased-first-half-profit-before-tax-by-29-through-strong-topline-growth\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e461d7 elementor-widget elementor-widget-text-editor\" data-id=\"8e461d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"98\" data-end=\"342\">ING Belgium reported a strong first half of 2026, with <strong data-start=\"153\" data-end=\"209\">profit before tax rising by 28.7% to EUR 523 million<\/strong>. The performance was supported by solid commercial momentum, customer growth across all segments and a more diversified income base.<\/p><p data-start=\"344\" data-end=\"671\">Total income increased by <strong data-start=\"370\" data-end=\"398\">8.1% to EUR 1.81 billion<\/strong>, while net interest income rose by <strong data-start=\"434\" data-end=\"462\">4.6% to EUR 1.18 billion<\/strong>. At the same time, continued growth in investment activity pushed <strong data-start=\"529\" data-end=\"597\">assets under management to EUR 54.9 billion, up 14% year-on-year<\/strong>, contributing to higher fee and commission income of <strong data-start=\"651\" data-end=\"670\">EUR 533 million<\/strong>.<\/p><p data-start=\"673\" data-end=\"981\">Profitability also benefited from disciplined cost management. Total expenses decreased by <strong data-start=\"764\" data-end=\"792\">4.2% to EUR 1.11 billion<\/strong>, despite continued investment in the franchise and the rollout of a new banking platform. As a result, the <strong data-start=\"900\" data-end=\"980\">cost\/income ratio improved significantly to 62.6%, from 70.7% a year earlier<\/strong>.<\/p><p data-start=\"983\" data-end=\"1313\">From a risk perspective, <strong data-start=\"1008\" data-end=\"1051\">risk costs increased to EUR 155 million<\/strong>, compared with EUR 86 million in H1 2025. ING attributes the increase mainly to ongoing economic and geopolitical uncertainty and its prudent provisioning approach, while noting that risk costs remain within the expected range for its EUR 119 billion portfolio.<\/p><p data-start=\"1315\" data-end=\"1705\" data-is-last-node=\"\" data-is-only-node=\"\">Commercial momentum remained strong across all segments, with customer acquisition up <strong data-start=\"1401\" data-end=\"1434\">31% among private individuals<\/strong>, new Private Banking inflows more than doubling, and the number of Business Banking clients in the starters segment increasing by <strong data-start=\"1565\" data-end=\"1572\">68%<\/strong>. These developments further strengthened ING Belgium\u2019s customer base and supported the continued diversification of its revenue mix.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f1bf77 elementor-widget elementor-widget-spacer\" data-id=\"3f1bf77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6ad28e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ad28e7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-281f54a\" data-id=\"281f54a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-030917f elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"030917f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"310\" height=\"163\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2023\/06\/Argenta.png\" class=\"attachment-large size-large wp-image-15525\" alt=\"\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2023\/06\/Argenta.png 310w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2023\/06\/Argenta-300x158.png 300w\" sizes=\"(max-width: 310px) 100vw, 310px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8408533\" data-id=\"8408533\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8334040 elementor-widget elementor-widget-heading\" data-id=\"8334040\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Argenta reports strong H1 2026 results with net profit up 30%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ea5409 elementor-widget elementor-widget-text-editor\" data-id=\"6ea5409\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.argenta.be\/content\/dam\/argenta\/documents\/general\/presse\/2026\/2026-08-26-des-resultats-solides-pour-argenta-en-cette-annee-anniversaire.pdf\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec62007 elementor-widget elementor-widget-text-editor\" data-id=\"ec62007\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"qMYqUG_convSearchResultHighlightRoot\"><div class=\"\" data-turn-id-container=\"request-6a956653-bf78-83eb-809a-3ff99921f0e3-0\" data-is-intersecting=\"true\"><section class=\"text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-6a956653-bf78-83eb-809a-3ff99921f0e3-0\" data-turn-id-container=\"request-6a956653-bf78-83eb-809a-3ff99921f0e3-0\" data-testid=\"conversation-turn-12\" data-turn=\"assistant\"><div class=\"text-base my-auto mx-auto pb-8 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\"><div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" data-conversation-screenshot-content=\"\"><div class=\"flex max-w-full flex-col gap-4 grow\"><div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"499a7f71-5be0-4560-934f-75dafde881eb\" data-message-model-slug=\"gpt-5-6\" data-turn-start-message=\"true\"><div class=\"flex w-full flex-col gap-1 empty:hidden\"><div class=\"markdown prose dark:prose-invert wrap-break-word w-full dark markdown-new-styling\"><p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"205\" data-end=\"781\">Argenta reported a strong first half of 2026, with <strong data-start=\"256\" data-end=\"313\">net profit reaching \u20ac214 million, up 30% year-on-year<\/strong>, supported by higher net interest income and continued growth in wealth management, insurance and Dutch mortgage lending. Total revenues increased from <strong data-start=\"504\" data-end=\"536\">\u20ac637 million to \u20ac725 million<\/strong>, while net interest income rose by \u20ac108 million to \u20ac429 million. Wealth management also remained a key growth driver, with net inflows into Argenta\u2019s investment funds increasing by <strong data-start=\"718\" data-end=\"742\">89% to \u20ac1.17 billion<\/strong>.<\/p><p data-start=\"783\" data-end=\"1357\" data-is-last-node=\"\" data-is-only-node=\"\">On the insurance side, <strong data-start=\"806\" data-end=\"851\">Branch 21 premium income increased by 76%<\/strong>, while non-life premium income grew by \u20ac7 million. However, storms in May and June led to higher claims and payouts, contributing to a decline in the insurance result from <strong data-start=\"1024\" data-end=\"1055\">\u20ac118 million to \u20ac91 million<\/strong> and a deterioration of the non-life combined ratio from <strong data-start=\"1112\" data-end=\"1127\">84% to 105%<\/strong>. Argenta nevertheless maintained a strong capital position, with a <strong data-start=\"1233\" data-end=\"1294\">30.5% CET1 ratio, 231% Solvency II ratio and ROE of 10.2%<\/strong> at the end of June 2026.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee4abf4 elementor-widget elementor-widget-spacer\" data-id=\"ee4abf4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4053273 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4053273\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2924935\" data-id=\"2924935\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7aed8c8 elementor-widget-tablet__width-initial elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"7aed8c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"198\" src=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-1030x255.png\" class=\"attachment-large size-large wp-image-12509\" alt=\"\" srcset=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-1030x255.png 1030w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-300x74.png 300w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-768x191.png 768w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-1536x381.png 1536w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-2048x508.png 2048w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-1500x372.png 1500w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-705x175.png 705w, https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2022\/02\/Allianz.svg_-450x112.png 450w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ad32bb3\" data-id=\"ad32bb3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7238b72 elementor-widget elementor-widget-heading\" data-id=\"7238b72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Allianz delivers record operating profit and strong insurance performance in H1 2026<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-093170f elementor-widget elementor-widget-text-editor\" data-id=\"093170f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.allianz.com\/en\/mediacenter\/news\/media-releases\/financials\/260807-2q-2026-earnings-release.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa403b8 elementor-widget elementor-widget-text-editor\" data-id=\"aa403b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"PDq2pG_selectionAnchorContainer\" data-start=\"453\" data-end=\"752\">Allianz Group reported a strong first half of 2026, with <strong data-start=\"510\" data-end=\"586\">operating profit reaching a record EUR 9.4 billion, up 8.6% year-on-year<\/strong>. Shareholders\u2019 core net income increased by 15.5% to EUR 6.4 billion, while core earnings per share rose by 17.5% to EUR 16.44.<\/p><p class=\"\" data-start=\"754\" data-end=\"1193\">In <span data-start=\"757\" data-end=\"778\">Property-Casualty<\/span>, total business volume increased by <strong data-start=\"815\" data-end=\"843\">5.3% to EUR 49.6 billion<\/strong>, while operating profit rose by 9.1% to EUR 4.9 billion, supported by both the insurance service and investment results. The <strong data-start=\"969\" data-end=\"1018\">combined ratio remained at an excellent 91.4%<\/strong>, slightly improving from 91.5% in H1 2025 and ahead of the Group\u2019s 92\u201393% full-year outlook range.<\/p><p data-start=\"1195\" data-end=\"1626\">In <strong data-start=\"1198\" data-end=\"1217\">Life and Health<\/strong>, operating profit increased by 2.4% to EUR 2.9 billion. The <strong data-start=\"1278\" data-end=\"1315\">new business margin stood at 5.4%<\/strong>, remaining above Allianz\u2019s ambition of at least 5%, while value of new business reached EUR 2.4 billion. Adjusted for foreign exchange effects and the disposal of UniCredit Allianz Vita, new business volumes increased by 3%, with 91% of sales generated in Allianz\u2019s preferred, capital-efficient business lines.<\/p><p data-start=\"1628\" data-end=\"1864\">The <strong data-start=\"1632\" data-end=\"1710\">Life\/Health Contractual Service Margin (CSM) increased to EUR 57.3 billion<\/strong>, from EUR 55.7 billion at year-end 2025, with normalized CSM growth of 2.7%, keeping Allianz on track towards its full-year growth ambition of around 5%.<\/p><p data-start=\"1866\" data-end=\"2130\">Allianz further strengthened its capital position, with the <strong data-start=\"1926\" data-end=\"1966\">Solvency II ratio increasing to 225%<\/strong>, compared with 218% at year-end 2025, supported by strong capital generation. Annualized core return on equity reached 20.7%.<\/p><p data-start=\"2132\" data-end=\"2262\" data-is-last-node=\"\" data-is-only-node=\"\">Following these results, Allianz confirmed its <strong data-start=\"2179\" data-end=\"2261\">2026 operating profit outlook of EUR 17.4 billion, plus or minus EUR 1 billion<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17c6d2d elementor-widget elementor-widget-spacer\" data-id=\"17c6d2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e88603 elementor-widget elementor-widget-spacer\" data-id=\"5e88603\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c3e42de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c3e42de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8fa4dd9\" data-id=\"8fa4dd9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Summary of the latest insurance market results in Belgium. <\/p>","protected":false},"author":1,"featured_media":22287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[341],"class_list":["post-28520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-be","tag-keeping-up-with-the-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Results - H1 2026\uff5cBelgium - Asquarepartners.com<\/title>\n<meta name=\"description\" content=\"Our summary of the latest insurance market results, highlighting the key figures recently published.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asquarepartners.com\/fr\/results-h1-2026-be\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Results - H1 2026\uff5cBelgium - Asquarepartners.com\" \/>\n<meta property=\"og:description\" content=\"Our summary of the latest insurance market results, highlighting the key figures recently published.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asquarepartners.com\/fr\/results-h1-2026-be\/\" \/>\n<meta property=\"og:site_name\" content=\"Asquarepartners.com\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-31T09:50:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-02T13:02:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asquarepartners.com\/wp-content\/uploads\/2025\/02\/1-080-\u00d7-675.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Asquarepartners\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Asquarepartners\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asquarepartners.com\\\/results-h1-2026-be\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asquarepartners.com\\\/results-h1-2026-be\\\/\"},\"author\":{\"name\":\"Asquarepartners\",\"@id\":\"https:\\\/\\\/www.asquarepartners.com\\\/#\\\/schema\\\/person\\\/4031ebe4db01fcaa426a5eaf4c9b65dc\"},\"headline\":\"Results &#8211; 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