Filip Coremans - Ageas SA/NV Chief Risk Officer

AGESF Stock  USD 52.65  3.84  7.87%   

Executive

Mr. Filip Coremans was Chief Risk Officer, Executive Director and Member of the Executive Committee of Ageas S.A. since May 29, 2015. He served as Chief Risk Officer, Member of the Executive Committee of the Company between July 1, 2014 and May 29, 2015. He is responsible for Risk, Compliance, Legal, Human Resources, IT and Office Support. He holds MBA Degree in International Business Finance, a Masters degree in Actuarial Sciences and a Bachelor Degree in Applied Economics, all from Katholieke Universiteit Leuven. He was active in the Insurance industry for over 25 years, his entire professional career. He joined ING Insurance Belgium in 1990 where he became Deputy Director overseeing the Save and Investment product lines in both Insurance and Banking. In 1998 he was appointed as Corporationrationrate Controller at KBC Insurance Belgium and joined Ageas at the end of 2002. At Ageas, he held various senior management positions in our Asian entities. He was Executive Director and CFO of the Company operations in Malaysia until 2007, was the CFO of IDBI Federal Life insurance company in India until 2009, and was then appointed Regional CFOCRO of Ageas Asia overseeing the finance, investment, risk and actuarial areas in the Asia region. He has served as NonExecutive Director on the Boards of the Company operations in China, India, Hong Kong and Thailand. He is Member of the Board of Directors of Ageas Insurance International N.V., Vicechairman of the Board of Directors of Ageas Portugal Holdings SGPS S.A., of Ageas Portugal Companhia de Seguros de Vida S.A., of Ageas Portugal Companhia de Seguros S.A., of Medis Companhia de Seguros de Saude S.A. and of Ocidental Seguros Companhia Portuguesa de Seguros S.A., Chairman of the Board of Directors of MilleniumBCPA Ageas Grupo Segurador SGPS S.A., Ocidental Vida, Companhia Portuguesa de Seguros de Vida, S.A. and of Ocidental Pensoes Companhia Portuguesa de Seguros S.A., among others. since 2015.
Age 59
Tenure 9 years
Professional MarksCPA
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.