AGEAS INSURANCE LIMITED
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Cash
—
Latest balance sheet
Net assets
£432m
-22.1% lowest in 3 filed years
Employees
1,876
-3.8% vs 2024
Profit before tax
-£51m
-366.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | £1,301,600,000 | £1,565,100,000 | — | — | |
| Net earned premiums | — | — | — | — | |
| Claims incurred | £961,100,000 | £1,110,500,000 | — | — | |
| Investment return | £38,900,000 | £36,400,000 | £39,500,000 | +8.5% | |
| Profit before tax | £48,100,000 | £19,100,000 | -£50,900,000 | -366.5% | |
| Net profit | £36,100,000 | — | — | — | |
| Insurance contract liabilities | £2,127,300,000 | £2,100,900,000 | £2,067,000,000 | -1.6% | |
| Total assets | £2,789,700,000 | £2,523,400,000 | £2,785,200,000 | +10.4% | |
| Total liabilities | £2,357,300,000 | £2,368,900,000 | £2,353,000,000 | -0.7% | |
| Equity | £432,400,000 | £554,500,000 | £432,200,000 | -22.1% | |
| Average employees | 1,719 | 1,950 | 1,876 | -3.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 84.5% | 78.0% | 84.5% |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- AGEAS INSURANCE LIMITED 2010-10-01 → present
- FORTIS INSURANCE LIMITED 2000-03-01 → 2010-10-01
- BISHOPSGATE INSURANCE LIMITED 1939-07-01 → 2000-03-01
Audit & accounting basis
- Accounting basis
- UK GAAP
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with UK adopted international accounting standards and the requirements of the Companies Act 2006.”
Significant events
- “The Company entered into a 20-year Affinity Partnership with Saga Services Limited (SSL).”
- “The acquisition of SSL from Ageas UK was completed on 15 December 2025.”
- “The Company entered into a loss portfolio transfer (LPT) and stop loss reinsurance agreements with Swiss Re in order to ensure legacy Commercial and other lines of business liabilities following the commencement of the agreement, the Commercial and Cancelled lines of business under the LPT and quota share treaties with Ageas SA/NV were commuted, resulting in £64.8m being repaid to the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARSH, Claire Catherine | Secretary | 2019-11-01 | — | — |
| ANDREWS, Annette Catherine | Director | 2026-05-08 | Oct 1967 | British |
| COUMANS, Ben | Director | 2024-07-09 | Apr 1976 | Belgian |
| CUYPER, Hans De | Director | 2021-05-04 | Feb 1969 | Belgian |
| DE SMET, Bart Karel August | Director | 2021-05-04 | Oct 1957 | Belgian |
| HAYNES, Jeremy William | Director | 2019-03-22 | May 1966 | British |
| JACKSON, Richard David | Director | 2021-07-15 | Mar 1956 | British |
| MIDDLE, Anthony Edward | Director | 2019-04-23 | Jan 1970 | British |
| MUSTOE, Jane Emma | Director | 2026-08-10 | Nov 1973 | British |
| PLATT, Alison Elizabeth | Director | 2022-06-01 | Feb 1962 | British |
| SMITH, Alistair Meyrick | Director | 2026-04-15 | Jul 1986 | British,French |
| TURNER, Stuart James | Director | 2026-08-10 | May 1969 | British |
| WAITE, Tara Jane | Director | 2019-03-11 | Feb 1975 | Irish |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Rosemary Anne | Secretary | — | 2019-11-01 |
| ACOTT, Kenneth John | Director | — | 1996-04-14 |
| ASTLEY, Shaun Derek | Director | 2000-02-14 | 2009-01-01 |
| BALL, Gregor Frank | Director | 2016-07-25 | 2023-03-31 |
| BOISSEAU, Francois-Xavier Bernard | Director | 2013-02-08 | 2018-12-31 |
| BOIZARD, Christophe Alexandre Henri | Director | 2016-10-11 | 2017-08-04 |
| BRUCE, Catherine | Director | 2000-02-14 | 2003-07-03 |
| CANO, Antonio | Director | 2016-10-11 | 2024-07-09 |
| CHAPLAIN, Paul | Director | 2002-04-09 | 2007-10-30 |
| CHAPLAIN, Paul | Director | 1996-07-01 | 1996-12-31 |
| CLARKE, Adam James | Director | 2008-08-14 | 2016-01-01 |
| CLIFF, Mark | Director | 2008-10-23 | 2013-03-31 |
| CRANSTON, Michael Harry, Dr | Director | — | 2005-04-30 |
| DE JONG, Casper Hendrik | Director | 1993-03-17 | 2002-06-30 |
| DE MEY, Jozef Germain | Director | 2017-08-04 | 2020-10-22 |
| DE MEY, Jozef Germain | Director | — | 1993-05-10 |
| DOBSON, Christopher | Director | 2004-03-18 | 2016-07-25 |
| DYSON, Fernley Keith | Director | 2016-07-25 | 2018-12-31 |
| FURSE, James Richard John | Director | 2016-07-25 | 2018-12-31 |
| GROSVENOR, Jeffrey Oliver | Director | 2002-06-12 | 2014-12-31 |
| HANCE, Julian Christopher | Director | 2009-02-04 | 2013-03-31 |
| HARVEY, Julian Robert Mark | Director | 2004-07-28 | 2010-07-30 |
| HILL, Christopher Derek | Director | 1997-05-12 | 2001-10-12 |
| LEWIS, Roger Edward | Director | 2000-02-14 | 2002-05-24 |
| LOGUE, Stuart Bruce | Director | 2015-12-11 | 2016-07-25 |
| MCCAIG, Malcolm Graham | Director | 2017-10-19 | 2025-11-07 |
| MIDDLE, Anthony Edward | Director | 2016-09-30 | 2017-08-31 |
| MILLER, John William Henry | Director | 2007-02-20 | 2009-07-28 |
| MOXOM, Charles Frederick | Director | — | 1993-08-03 |
| NAIDU, Nerissa | Director | 2023-03-31 | 2026-03-31 |
| NEWMAN, Terence John | Director | — | 1992-04-14 |
| NEWTON, Robert | Director | 2006-07-19 | 2007-07-31 |
| NICHOLLS, Lyn Gillian | Director | 2003-03-13 | 2016-07-25 |
| PICKFORD, Helen Alison | Director | 2007-10-30 | 2015-09-30 |
| PRICE, Jonathan Stewart | Director | 2019-05-10 | 2026-04-15 |
| ROBINSON, Peter Norman Osmond | Director | — | 2001-12-31 |
| SENDALL, Alan | Director | — | 2003-12-31 |
| SMALE, Robert James | Director | 2003-11-12 | 2016-07-25 |
| SMITH, Barry Duncan | Director | 2001-11-14 | 2013-03-31 |
| TAYLOR, Charles Duncan | Director | 1999-09-17 | 2000-12-31 |
| URMSTON, Michael Norris | Director | 2010-10-22 | 2017-08-31 |
| WATSON, Andrew Stuart | Director | 2013-02-08 | 2020-06-17 |
| WATSON, David Kenneth | Director | 2016-12-16 | 2017-10-19 |
| WINLOW, Mark | Director | 2012-10-05 | 2022-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ageas (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 276 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-08 RESOLUTIONS Resolution
- 2024-05-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type full | |
| 2026-09-07 | SH01 | capital | Capital allotment shares | |
| 2026-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-29 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-06-22 | AAMD | accounts | Accounts amended with accounts type full | |
| 2026-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-26 | SH01 | capital | Capital allotment shares | |
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-22 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-23 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 2
- Officers appointed
- 4
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.