Bart Smet - Ageas SA/NV CEO and Executive Director

AGESF Stock  USD 52.65  3.84  7.87%   

CEO

Mr. Bart Karel August De Smet was Chief Executive Officer, Executive Director and Member of the Executive Committee of Ageas S.A. since July 1, 2009. He earned a degree in mathematical sciences from the Catholic University of Louvain, and has diplomas in Actuarial Sciences and Managerial Sciences. He began his career with Argenta in 1982. From 1985 to 1993, he served as Executive Vice President of the Life division at the Swiss insurance company Nationale Suisse. In 1994, he joined ING Insurance Belgium, where he was a member of the ExCo, responsible for individual and group life insurance, health insurance banking activities. He moved to Fortis in 1998, where he was a member of the management committee of Fortis AG and responsible for Fortis Employee Benefits. In 2005, he took charge of the Broker Channel at Fortis Insurance Belgium, assuming the position of Chief Executive Officer of Fortis Insurance Belgium in 2007. In June 2009 he became Chief Executive Officer of Fortis, which was renamed Ageas following the AGM in April 2010. He is Member of the Board of Directors of Ageas Insurance International N.V., ViceChairman of the Board of Directors of AG Insurance SANV, ViceChairman of the Board of Directors of Maybank Ageas Berhad Holding, ViceChairman of the Board of Directors of Taiping Life, Member of the Board of Directors of Muang Thai Holding, Member of the Belgian Corporationrationrate Governance Committee, Chairman of LEADIN Inspiring leaders, Leading insights, Member of the Board of Directors of VOKA VZW, Member of the Board of Directors of Group Eurasca N.V., Member of the Board of Directors of Partners in Insurance N.V., Member of the Board of Directors of De Warande, ViceChairman of VCKK and Member of the Board of Directors of Het Depot vzw. since 2009.
Age 66
Tenure 15 years
Phone32 2 557 57 11
Webhttps://www.ageas.com

Ageas SA/NV Management Efficiency

Ageas SA/NV's management efficiency ratios could be used to measure how well Ageas SA/NV manages its routine affairs as well as how well it operates its assets and liabilities.
ageas SANV has accumulated 3.65 B in total debt with debt to equity ratio (D/E) of 0.49, which is about average as compared to similar companies. Ageas SA/NV has a current ratio of 2.06, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Ageas SA/NV until it has trouble settling it off, either with new capital or with free cash flow. So, Ageas SA/NV's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ageas SA/NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ageas to invest in growth at high rates of return. When we think about Ageas SA/NV's use of debt, we should always consider it together with cash and equity.

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ageas SANV, together with its subsidiaries, engages in insurance business in Europe and Asia. The company serves private individuals, as well as small, medium-sized, and large companies through independent brokers and the bank channels. ageas SANV was founded in 1824 and is headquartered in Brussels, Belgium. Ageas SaNv operates under InsuranceDiversified classification in the United States and is traded on OTC Exchange. It employs 10057 people. ageas SANV [AGESF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Ageas SA/NV Leadership Team

Elected by the shareholders, the Ageas SA/NV's board of directors comprises two types of representatives: Ageas SA/NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ageas. The board's role is to monitor Ageas SA/NV's management team and ensure that shareholders' interests are well served. Ageas SA/NV's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ageas SA/NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bart Smet, CEO and Executive Director
Steven Braekeveldt, Member of the Management Committee and CEO of Continental Europe
Hans Cuyper, CEO Director
Filip Coremans, Chief Risk Officer
Gary Crist, Member of the Management Committee and CEO Asia
Christophe Boizard, CFO Director
Emmanuel Grimbergen, Member of Management Committee and Group Risk Officer
Veerle Verbessem, Group Relations
Jerry Bata, Head Legal
Antonio Bosque, MD Director

Ageas Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Ageas SA/NV a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Ageas Pink Sheet

Ageas SA/NV financial ratios help investors to determine whether Ageas Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ageas with respect to the benefits of owning Ageas SA/NV security.