CONSOLIDATED INTERIM FINANCIAL STATEMENTS

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(1)CONSOLIDATED INTERIM FINANCIAL STATEMENTS. Brussels 4 November 2015. INTERIM FINANCIAL STATEMENTS 2015. |1|. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. for the first nine months of 2015.

(2) CONTENTS Report of the Board of Directors of Ageas ...................................................................................3 Developments and results ........................................................................................................................................................................... 4. Consolidated Interim Financial Statements for the first nine months of 2015 .............................. 6 Consolidated statement of financial position................................................................................................................................................ 7 Consolidated income statement .................................................................................................................................................................. 8 Consolidated statement of comprehensive income ..................................................................................................................................... 9 Consolidated statement of changes in equity ............................................................................................................................................ 10 Consolidated statement of cash flow ......................................................................................................................................................... 11. General Notes .......................................................................................................................... 12 1 2 3 4 5 6. Summary of accounting policies ................................................................................................................................................. 13 Acquisitions and disposals .......................................................................................................................................................... 16 Outstanding shares and earnings per share ............................................................................................................................... 19 Regulatory supervision and solvency .......................................................................................................................................... 22 Related parties............................................................................................................................................................................ 24 Information on operating segments ............................................................................................................................................. 25. Notes to the Consolidated statement of financial position ......................................................... 37 7 8 9 10 11 12 13 14 15 16 17 18 19 20. Cash and cash equivalents ......................................................................................................................................................... 38 Financial investments ................................................................................................................................................................. 39 Loans.......................................................................................................................................................................................... 46 Investments in associates ........................................................................................................................................................... 47 Insurance liabilities ..................................................................................................................................................................... 48 Subordinated liabilities ................................................................................................................................................................ 49 Borrowings.................................................................................................................................................................................. 51 Current and deferred tax assets and liabilities............................................................................................................................. 52 RPN (I) ....................................................................................................................................................................................... 53 Provisions ................................................................................................................................................................................... 54 Liabilities related to written put options NCI ................................................................................................................................ 55 Derivatives .................................................................................................................................................................................. 57 Commitments.............................................................................................................................................................................. 59 Fair value of financial assets and financial liabilities .................................................................................................................... 60. 21 22 23 24 25 26. Insurance premiums ................................................................................................................................................................... 63 Interest, dividend and other investment income .......................................................................................................................... 65 Result on sales and revaluations ................................................................................................................................................ 66 Insurance claims and benefits..................................................................................................................................................... 67 Financing costs ........................................................................................................................................................................... 68 Change in impairments ............................................................................................................................................................... 69. Notes to items not recorded in the Consolidated Statement of financial position ...................... 70 27 Contingent liabilities .................................................................................................................................................................... 71 28 Events after the date of the statement of financial position.......................................................................................................... 76 Statement of the Board of Directors .......................................................................................................................................................... 77 Review report ............................................................................................................................................................................................ 78 All amounts in the tables of these Consolidated Interim Financial Statements are denominated in millions of euros, unless stated otherwise.. |2|. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Notes to the consolidated Income Statement.............................................................................62.

(3) INTERIM FINANCIAL STATEMENTS 2015. |3|. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. REPORT OF THE BOARD OF DIRECTORS OF AGEAS.

(4) Developments and results Since the beginning of the year, M&A files such as the acquisition of AXA Portugal and the sale of Ageas’s Hong Kong business have been announced and joint venture activities in The Philippines and Vietnam have been initiated. All files are progressing well and should be completed within the set timings of beginning to mid-2016. On 28 September 2015 Ageas presented in London its strategic plan for the next three years called ‘Ambition 2018’. At the same event it also gave insight in the implementation of the Solvency II regulation and the related solvency target for Ageas.. Results of Ageas The net Insurance profit for the first nine months stood at EUR 613 million, up 6% with a strong first half partly offset by lower net results in the third quarter across most segments. Yearto-date, the net result benefitted from a EUR 38 million net positive impact from the volatile financial markets. This breaks down as an exceptional positive result of EUR 100 million realised in China in the first half and EUR 62 million negative in the third quarter. More than half of this negative impact is a consequence of equity impairments in Asia, with the rest coming from Belgium and Continental Europe. Excluding the above, and taking into account much lower realized capital gains, the financial performance was in line with last year as this year’s result benefited from a significantly improved underwriting result both in Life and Non-Life. The nine months net profit in Life amounted to EUR 426 million (down 4%) while the net profit of the Non-Life & Other activities increased by 36% to EUR 187 million. The combined ratio improved significantly to 95.1% year-to-date, improving across all consolidated entities. The Life operating margin amounted to 80 bps and 37 bps year-to-date for Guaranteed and Unit-Linked products respectively. Total shareholders’ equity at the end of September increased from EUR 10.2 billion at the end of 2014 to EUR 10.9 billion or EUR 51.12 per share. The increase since the beginning of the year is mainly attributable to the net result; higher unrealised gains on the investment portfolio, the revaluation of the put option on AG Insurance and positive currency exchange differences.. |4|. INTERIM FINANCIAL STATEMENTS 2015. Life, Non-life and Other Insurance The operating result of the Life consolidated entities decreased to EUR 382 million (-12%) with a lower investment result marked by lower levels of realized capital gains in all asset classes and higher equity impairments. Subsequently, the operating margin declined to 80 bps in Guaranteed, with a margin of 61 bps in the third quarter. The unit-linked operating margin amounted to 37 bps, marked by better margins in Hong Kong. The net underwriting result increased substantially (+79%) to EUR 74 million and driven by better results in Hong Kong and Continental Europe. The net result in the third quarter decreased quarter on quarter from EUR 156 million to EUR 44 million, the difference explained by EUR 62 million of equity impairments and a lower amount of net capital gains realized compared to last year. The effective tax rate was up as, amongst others, last year’s included a deferred tax liability release. The nine month’s net result amounted to EUR 426 million, 4% down on last year and benefiting from EUR 19 million positive currency impact. As a result of the aforementioned strong operational performance, the Non-Life operations reported a net result of EUR 193 million compared to EUR 112 million last year, the latter though including EUR 60 million of adverse weather impact related to Belgium and the UK. In Belgium the net result for the first nine months improved to EUR 83 million compared to EUR 39 million last year, marked by strong results across almost all business lines. In the UK, the net result improved to EUR 70 million (vs. EUR 52 million) with a better performance in Household and Other lines partly offset by Motor that suffered from a higher frequency of motor vehicle claims and increased cost of Third Party damage claims. In Continental Europe, net profit increased to EUR 33 million (vs. EUR 8 million, including EUR 10 million reserves strengthening in Turkey) partly explained by the scope change in Portugal and Italy but also by an improved operating performance in all consolidated entities. In Asia, the net profit was down to EUR 7 million (vs. EUR 12 million) due to a higher level of claims in Malaysia. The UK’s Other Insurance, which includes its Retail operations, reported a slightly lower total fee and commission income of EUR 204 million. The net result of the Retail activities amounted to EUR 9 million (vs. EUR 12 million), including EUR 3 million project costs. Regional headquarter costs amounted to EUR 15 million (vs EUR 12 million).. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Developments.

(5) Solvency The Insurance and Group IFRS solvency ratios amounted to 231% and 232% respectively, with available capital EUR 5.7 billion above the minimum capital requirements. The IFRS solvency ratios have not been adjusted for the expected dividend up-streams over the current year. As off the full year 2015 results, Ageas will report Solvency II ratio figures on a quarterly basis.. Net cash position General Account The net cash position in the General Account declined slightly to EUR 1.4 billion at the end of September compared to EUR 1.6 billion at the end of December 2014. The up-streamed dividends mostly compensated for the dividend paid and corporate costs. The decline stemmed from the execution of the share buyback programmes and the capital that has been injected into a newly created intra-group Non-Life reinsurance company Intreas N.V in the first half. In addition to this amount, Ageas holds around EUR 300 million in liquid assets.. Brussels, 3 November 2015 Board of Directors. INTERIM FINANCIAL STATEMENTS 2015. |5|. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. General Account The General Account net result for the first nine months amounted to EUR 14 million negative including a positive contribution of EUR 22 million related to the fair value adjustment of the RPN(I) liability. At the end of September the liability stood at EUR 445 million. Operating expenses increased to EUR 51 million because of higher legal and staff expenses..

(6) CONSOLIDATED INTERIM FINANCIAL STATEMENTS. |6|. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. FOR THE FIRST NINE MONTHS OF 2015.

(7) Consolidated statement of financial position (before appropriation of profit) Note. 30 September 2015. 31 December 2014. Assets Cash and cash equivalents. 7. 2,174.1. 2,516.3. Financial investments. 8. 66,672.2. 68,174.8. Investment property. 8. 2,670.6. 2,641.3. Loans. 9. 7,084.8. 6,068.3. 14,860.7. 14,758.9. 2,483.9. 2,221.3. 2,028.6. 1,991.7. Investments related to unit-linked contracts Investments in associates. 10. Reinsurance and other receivables Current tax assets. 14. 50.6. 11.8. Deferred tax assets. 14. 114.8. 106.4. Accrued interest and other assets. 2,469.1. 2,460.2. Property, plant and equipment. 1,148.2. 1,119.4. Goodwill and other intangible assets. 1,508.0. 1,488.6. 103,265.6. 103,559.0. Total assets. Liabilities arising from Life insurance contracts. 11.1. 29,071.1. 29,419.7. Liabilities arising from Life investment contracts. 11.2. 29,611.4. 30,569.7. Liabilities related to unit-linked contracts. 11.3. 14,876.3. 14,829.0. Liabilities arising from Non-life insurance contracts. 11.4. 7,403.8. 7,147.6. Debt certificates. 2.1. 2.2. Subordinated liabilities. 12. 2,365.6. 2,086.3. Borrowings. 13. 2,567.1. 2,483.5. Current tax liabilities. 14. 96.5. 84.8. Deferred tax liabilities. 14. 1,573.0. 1,463.6. RPN(I). 15. Accrued interest and other liabilities. 445.4. 467.0. 2,377.1. 2,436.9. Provisions. 16. 172.9. 171.4. Liabilities related to written put options on NCI. 17. 1,187.3. 1,485.8. 91,749.6. 92,647.5. 10,917.0. 10,223.3. Total liabilities Shareholders' equity Non-controlling interests Total equity Total liabilities and equity. 3. 599.0. 688.2. 11,516.0. 10,911.5. 103,265.6. 103,559.0. INTERIM FINANCIAL STATEMENTS 2015. |7|. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Liabilities.

(8) Consolidated income statement Note First nine months 2015 First nine months 2014. Third quarter 2015. Third quarter 2014. Income -. Gross premium income. 6,902.2. -. Change in unearned premiums. ( 104.3 ). 6,825.3 ( 98.7 ). 2,170.8 2.5. 2,207.6 29.6. -. Ceded earned premiums. ( 228.4 ). ( 269.8 ). ( 79.4 ). ( 91.6 ). Net earned premiums. 21. 6,569.5. 6,456.8. 2,093.9. 2,145.6. Interest, dividend and other investment income. 22. 2,248.6. 2,232.6. 741.9. 746.8. 21.6. ( 123.7 ). 45.6. 33.1. 23. 131.7. 291.3. 17.4. 111.3. 96.4. 1,020.3. ( 481.6 ). 198.7. 10. 235.2. 120.8. 9.4. 41.4. 338.6. 320.1. 110.8. 109.6. Unrealised gain (loss) on RPN(I) Result on sales and revaluations Investment income related to unit-linked contracts Share of result of associates Fee and commission income Other income. 162.9. 157.9. 62.3. 52.0. Total income. 9,804.5. 10,476.1. 2,599.7. 3,438.5. ( 6,236.9 ). ( 6,439.2 ). ( 1,964.2 ). ( 2,068.3 ). Expenses -. Insurance claims and benefits, gross. -. Insurance claims and benefits, ceded. 81.4. 187.9. 33.4. ( 6,155.5 ). ( 6,251.3 ). ( 159.2 ). ( 1,060.8 ). 460.5. ( 214.6 ). Financing costs. 25. ( 124.3 ). ( 124.3 ). ( 41.7 ). ( 42.8 ). Change in impairments. 26. ( 66.8 ). ( 52.3 ). ( 61.4 ). ( 28.9 ). Change in provisions. 16. 0.9. ( 132.3 ). 1.6. Charges related to unit-linked contracts. Fee and commission expenses. ( 951.6 ). ( 968.9 ). Staff expenses. ( 639.2 ). Other expenses. ( 809.2 ). Total expenses. ( 8,904.9 ). ( 1,930.8 ). 56.2. 24. Insurance claims and benefits, net. ( 2,012.1 ). ( 1.3 ). ( 314.2 ). ( 322.2 ). ( 613.5 ). ( 212.5 ). ( 204.1 ). ( 739.2 ). ( 289.7 ). ( 260.5 ). ( 9,942.6 ). ( 2,388.2 ). ( 3,086.5 ). Result before taxation. 899.6. 533.5. 211.5. 352.0. Tax income (expenses). ( 179.2 ). ( 109.0 ). ( 52.7 ). ( 51.1 ) 300.9. Net result for the period. 720.4. 424.5. 158.8. Attributable to non-controlling interests. 121.5. 142.6. 29.0. 49.8. Net result attributable to shareholders. 598.9. 281.9. 129.8. 251.1. Basic earnings per share. 3. 2.77. 1.26. Diluted earnings per share. 3. 2.77. 1.26. Gross inflow (sum of gross written premiums and premium inflow from investment contracts without discretionary participation features) can be calculated as below. XXX Note First nine months 2015 First nine months 2014 Gross premium income Inflow deposit accounting (directly recognised as liability) Gross inflow. |8|. INTERIM FINANCIAL STATEMENTS 2015. 21. Third quarter 2015. Third quarter 2014. 6,902.2. 6,825.3. 2,170.8. 994.2. 892.0. 333.9. 2,207.6 190.5. 7,896.4. 7,717.3. 2,504.7. 2,398.1. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Per share data (EUR).

(9) Consolidated statement of comprehensive income Note. First nine months 2015 First nine months 2014. Third quarter 2015. Third quarter 2014. ( 15.6 ). Other comprehensive income Items that will not be reclassified to the income statement: Remeasurement of defined benefit liability. 22.6. ( 108.7 ). ( 16.8 ). Related tax. ( 7.2 ). 32.3. 5.5. 4.8. Remeasurement of defined benefit liability. 15.4. ( 76.4 ). ( 11.3 ). ( 10.7 ). Total Items that will not be reclassified to the income statement:. 15.4. ( 76.4 ). ( 11.3 ). ( 10.7 ). Items that are or may be reclassified to the income statement: Change in amortisation of investments held to maturity. 18.6. 19.8. 6.4. 6.7. Related tax. ( 4.7 ). ( 5.0 ). ( 1.6 ). ( 1.7 ). 13.9. 14.8. 4.8. 5.0. Change in revaluation of investments available for sale 1). 258.6. 1,972.7. ( 79.9 ). 524.3. Related tax. ( 93.9 ). ( 583.0 ). ( 26.3 ). ( 158.2 ). Change in investments held to maturity. 8. Change in revaluation of investments available for sale. 8. 164.7. 1,389.7. ( 106.2 ). 366.1. Share of other comprehensive income of associates. 10. 41.4. 236.2. ( 88.9 ). 81.0. 112.2. 275.3. ( 168.7 ). 207.4. 332.2. 1,916.0. ( 359.0 ). 659.5. Other comprehensive income for the period. 347.6. 1,839.6. ( 370.3 ). 648.8. Net result for the period. 720.4. 424.5. 158.8. 300.9. 1,068.0. 2,264.1. ( 211.5 ). 949.7. 121.5. 142.6. 29.0. 49.8. 56.4. 317.6. ( 21.0 ). 85.3. 177.9. 460.2. 8.0. 135.1. 890.1. 1,803.9. Change in foreign exchange differences Total Items that are or may be reclassified to the income statement:. Total comprehensive income for the period Net result attributable to non-controlling interests Other comprehensive income attributable to non-controlling interests to non-controlling interests Total comprehensive income attributable to shareholders. 1). ( 219.5 ). 814.6. The Change in revaluation of investments available for sale, gross includes the revaluation of cash flow hedges and is net of currency differences and shadow accounting.. INTERIM FINANCIAL STATEMENTS 2015. |9|. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Total comprehensive income attributable.

(10) Consolidated statement of changes in equity Share. Net result. Unrealised. Share. Non-. premium. Other. translation. attributable to. gains. holders'. controlling. Total. capital. reserve. reserves. reserve. shareholders. and losses. equity. interests. equity. 2,080.4. ( 2.7 ). 1,727.8. 2,854.1. Net result for the period. 569.5. 1,296.0. 8,525.1. 804.9. 281.9. 142.6. 424.5. 1,310.7. 1,310.7. 330.0. 1,640.7. 281.9. Revaluation of investments Remeasurement IAS 19. ( 63.4 ). Foreign exchange differences. 274.7. Total non-owner changes in equity. ( 63.4 ). 274.7. 281.9. 1,310.7. ( 63.4 ). ( 13.0 ). 274.7. 0.6. 275.3. 1,803.9. 460.2. 2,264.1. ( 224.7 ). ( 532.5 ). Transfer. 569.5. Dividend. ( 307.8 ). ( 307.8 ). Treasury shares. ( 157.3 ). ( 157.3 ). Cancellation of shares. ( 18.4 ). Share-based compensation. ( 61.0 ). 9,330.0. ( 76.4 ). ( 569.5 ) ( 157.3 ). 79.4. 2.2. 2.2. Impact written put option on NCI. 121.3. Acquisition Médis and Ocidental Seguros. ( 75.4 ). Other changes in equity 1). ( 10.5 ). 2.2. 121.3. ( 309.3 ). ( 188.0 ). 3.0. ( 72.4 ). ( 53.6 ). ( 126.0 ). ( 4.6 ). ( 15.1 ). 1.7. ( 13.4 ). Balance at 30 September 2014. 1,709.4. 2,795.3. 2,236.2. 272.0. 281.9. 2,605.1. 9,899.9. 679.2. 10,579.1. Balance at 1 January 2015. 1,709.4. 2,796.1. 2,320.0. 325.9. 475.6. 2,596.3. 10,223.3. 688.2. 10,911.5. 598.9. 121.5. 720.4. 168.8. 168.8. 51.2. 220.0. Net result for the period. 598.9. Revaluation of investments Remeasurement IAS 19. 11.9. Foreign exchange differences. 110.5. Total non-owner changes in equity. 11.9. 110.5. 598.9. 168.8. 11.9. 3.5. 15.4. 110.5. 1.7. 112.2. 890.1. 177.9. 1,068.0. ( 148.1 ). ( 477.0 ). Transfer. 475.6. Dividend. ( 328.9 ). ( 328.9 ). Treasury shares. ( 201.2 ). ( 201.2 ). Cancellation of shares. ( 53.4 ). Share-based compensation. ( 154.7 ). ( 475.6 ). 2.6. 2.6 344.4. Impact written put options on NCI 2). 344.4. Restructuring Italy Other changes in equity 3) Balance at 30 September 2015. 1) 2) 3). ( 13.3 ) 1,656.0. 2,644.0. ( 201.2 ). 208.1. 2,816.6. ( 4.1 ) 432.3. 4.1 598.9. 2,769.2. ( 13.3 ) 10,917.0. 2.6 ( 48.4 ). 296.0. ( 67.6 ). ( 67.6 ). ( 3.0 ). ( 16.3 ). 599.0. 11,516.0. Other changes in shareholders’ equity includes an indemnity paid to BNP Paribas Fortis for the Ageas shares held related to the CASHES-securities and the payment to holders of FRESH-securities. Relates to the put option on AG Insurance shares and the put option on Interparking shares (only in 2015) (see note 17 Liabilities related to written put options NCI). Other changes in shareholders’ equity includes an indemnity paid to BNP Paribas Fortis for the Ageas shares held related to the CASHES-securities.. | 10 |. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Balance at 1 January 2014. Currency. Share.

(11) Consolidated statement of cash flow Cash and cash equivalents as at 1 January. First nine months 2015 7. Result before taxation Adjustments to non-cash items included in result before taxation: Remeasurement RPN(I) Result on sales and revaluations Share of results in associates Depreciation, amortisation and accretion Impairments Provisions Share-based compensation expense Total adjustment to non-cash items included in result before taxation Changes in operating assets and liabilities: Derivatives held for trading (assets and liabilities) Loans Reinsurance and other receivables Investments related to unit-linked contracts Borrowings Liabilities arising from insurance and investment contracts Liabilities related to unit-linked contracts Net changes in all other operational assets and liabilities Dividend received from associates Income tax paid Total changes in operating assets and liabilities. 15 23. 26 16. Redemption of debt certificates Proceeds from the issuance of subordinated liabilities Redemption of subordinated liabilities Proceeds from the issuance of other borrowings Payment of other borrowings Purchases of treasury shares Dividends paid to shareholders of the parent companies Dividends paid to non-controlling interests Cash flow from financing activities. Supplementary disclosure of operating cash flow information Interest received Dividend received from financial investments Interest paid. 2,156.6. 899.6. 533.5. 123.7 ( 291.3 ) ( 120.8 ) 640.7 52.3 132.4 2.2 539.2. 238.5. 8 9. 13 11.1 & 11.2 11.3. ( 54.8 ) ( 998.8 ) ( 13.8 ) ( 27.6 ) ( 12.7 ) 47.4 ( 90.7 ) ( 664.0 ) 71.0 ( 193.9 ). 2 2. 56.0 67.8 ( 164.4 ) ( 415.3 ) 109.0 3,263.3 422.3 ( 2,483.4 ) 42.7 ( 173.3 ) ( 1,937.9 ). 724.7. ( 799.8 ). 1,797.4. ( 5,909.4 ) 7,020.5 ( 54.3 ) 22.9 ( 59.3 ) 0.5 ( 118.5 ) 18.5 ( 19.8 ). ( 9,153.7 ) 8,448.1 ( 66.0 ) 12.9 ( 68.9 ) 26.3 ( 179.2 ) 98.2 ( 11.9 ) 1.8 ( 892.4 ). 901.1. 12 12 13 3&4 4 4. ( 0.1 ) 393.7 ( 154.9 ) 30.6 ( 57.7 ) ( 201.2 ) ( 328.9 ) ( 148.1 ). Effect of exchange rate differences on cash and cash equivalents Cash and cash equivalents as at 30 September. 2,516.3. ( 21.6 ) ( 131.7 ) ( 235.2 ) 556.4 66.8 1.2 2.6. Cash flow from operating activities Purchases of financial investments Proceeds from sales and redemptions of financial investments Purchases of investment property Proceeds from sales of investment property Purchases of property, plant and equipment Proceeds from sales of property, plant and equipment Acquisition of subsidiaries and associates (including capital increases in associates) Divestments of subsidiaries and associates (including capital repayments of associates) Purchases of intangible assets Proceeds from sales of intangible assets Cash flow from investing activities. First nine months 2014. 7. 22 22 25. 1,999.4 85.3 ( 131.6 ). ( 65.9 ). 7.4 ( 60.9 ) ( 157.3 ) ( 310.1 ) ( 224.7 ) ( 466.7 ). ( 811.5 ). 23.2. 25.1. 2,174.1. 2,275.2. 1,983.2 76.6 ( 136.8 ). INTERIM FINANCIAL STATEMENTS 2015. | 11 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Note.

(12) | 12 |. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. GENERAL NOTES.

(13) 1 Summary of accounting policies    . 1.2 1.1. Basis of accounting. The accounting policies are consistent with those applied for the year ended 31 December 2014. Amended IFRS effective on 1 January 2015 with importance for Ageas (and endorsed by the EU) are listed in paragraph 1.2. The accounting policies mentioned here are a summary of the complete Ageas accounting policies, which can be found on: https://www.ageas.com/en/about-us/supervision-audit-andaccounting-policies. The Ageas Consolidated Interim Financial Statements are prepared on a going concern basis and are presented in euros, which is the functional currency of the parent company of Ageas. Assets and liabilities recorded in the statement of financial position of Ageas have usually a duration of more than 12 months, except for cash and cash equivalents, reinsurance and other receivables, accrued interest and other assets, accrued interest and other liabilities and current tax assets and liabilities. The most significant IFRS for the measurement of assets and liabilities as applied by Ageas are:  IAS 1 for presentation of financial statements;  IAS 16 for property, plant and equipment;  IAS 19 for employee benefits;  IAS 23 for loans;  IAS 28 for investments in associates;  IAS 32 for written put options on non-controlling interests;  IAS 36 for the impairment of assets;  IAS 38 for intangible assets;  IAS 39 for financial instruments;  IAS 40 for investment property;  IFRS 3 for business combinations;  IFRS 4 for the measurement of insurance contracts;  IFRS 7 for the disclosures of financial instruments;. IFRS 8 for operating segments; IFRS 10 for consolidated financial statements; IFRS 12 for disclosure of interests in other entities; IFRS 13 for fair value measurements.. Changes in accounting policies. The following new or revised standards, interpretations and amendments to standards and interpretations have become effective on 1 January 2015 (and are endorsed by the EU). Amendments to IAS 19 Defined Benefit Plans: Employee Contributions The narrow scope amendments apply to contributions from employees or third parties to defined benefit plans. The objective of the amendments is to simplify the accounting for contributions that are independent of the number of years of employee service, for example, employee contributions that are calculated according to a fixed percentage of salary. Improvements to IFRSs (2010-2012 cycle) The topics addressed by the improvement project 2010-2012 which came into effect as per January 1st 2015 are:  IFRS 2 Share-based Payment: Definition of vesting condition;  IFRS 3 Business Combinations: Accounting for contingent consideration in a business combination;  IFRS 8 Operating Segments: Aggregation of operating segments and reconciliation of the total of the reportable segments’ assets to the entity’s assets;  IFRS 13 Fair Value Measurement: Short-term receivables and payables;  IAS 16 Property, Plant and Equipment: Revaluation method—proportionate restatement of accumulated depreciation;  IAS 24 Related Party Disclosures: Key management personnel;  IAS 38 Intangible Assets: Revaluation method— proportionate restatement of accumulated amortization. The impact of these IFRS amendments on our financial statements is limited.. INTERIM FINANCIAL STATEMENTS 2015. | 13 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. The Ageas Consolidated Interim Financial Statements for the first nine months of 2015 comply with International Financial Reporting Standards (IFRS) as at 1 January 2015, as issued by the International Accounting Standards Board (IASB) and as adopted by the European Union (EU) as at that date..

(14) Improvements to IFRSs (2011-2013 cycle) The topics addressed by the improvement project 2011-2013 which came into effect as per January 1st 2015 are:  IFRS 1 First-time Adoption of International Financial Reporting Standards: Meaning of ‘effective IFRSs’;  IFRS 3 Business Combinations: Scope exceptions for joint ventures;  IFRS 13 Fair Value Measurement: Scope of paragraph 52 (portfolio exception);  IAS 40 Investment Property: Clarifying the interrelationship between IFRS 3 and IAS 40 when classifying property as investment property or owner-occupied property.. Upcoming changes in IFRS EU in 2016 There will not be any new standards that will become effective for Ageas as at 1 January 2016 that will have a material impact on Shareholders’ equity and/or Net result.. 1.3. Accounting estimates. The preparation of the Ageas Consolidated Financial Statements in conformity with IFRS, requires the use of certain estimates at the end of the reporting period. In general these estimates and the methods used have been consistent since the introduction of IFRS in 2005. Each estimate by its nature carries a significant risk of material adjustments (positive or negative) to the carrying amounts of assets and liabilities in the next financial year.. The impact of these IFRS amendments on our financial statements is limited. The key estimates at the reporting date are shown in the next table. 30 Septermber 2015 Estimation uncertainty. -. The valuation model Inactive markets. -. The valuation model Use of non market observable input Inactive markets. Investment property. -. Determination of the useful life and residual value. Loans. -. The valuation model Parameters such as credit spread, maturity and interest rates. Associates. -. Various uncertainties depending on the asset mix, operations and market developments. Goodwill. -. The valuation model used Financial and economic variables Discount rate The inherent risk premium of the entity. Other intangible assets. -. Determination of the useful life and residual value. Deferred tax assets. -. Interpretation of complex tax regulations Amount and timing of future taxable income. -. Actuarial assumptions Yield curve used in liability adequacy test. -. Liabilities for (incurred but not reported) claims Claim adjustment expenses Final settlement of outstanding claims. Pension obligations. -. Actuarial assumptions Discount rate Inflation/salaries. Provisions. -. The likelihood of a present obligation due to events in the past The calculation of the best estimated amount. Deferred tax liabilities. -. Interpretation of complex tax regulations. Written put options on NCI. -. Estimated future fair value Discount rate. -. Level 3. Liabilities Liabilities for Insurance contracts - Life -. Non-life. | 14 |. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Assets Available for sale securities Financial instruments - Level 2.

(15) 1.4. Segment reporting. Operating segments Ageas’ reportable operating segments are based on geographical regions; the results are based on IFRS. The regional split is based on the fact that the activities in these regions share the same nature and economic characteristics and are managed as such. The operating segments are:  Belgium;  United Kingdom (UK);  Continental Europe;  Asia;  General Account.. Transactions or transfers between the operating segments are entered into under normal commercial terms and conditions that would be available to unrelated third parties. Eliminations are reported separately.. Ageas decided that the most appropriate way of reporting operating segments under IFRS is per region in which Ageas operates, meaning Belgium, United Kingdom, Continental Europe and Asia.. 1.6. Activities not related to Insurance and elimination differences are reported separately from the Insurance activities in the fifth operating segment: General Account. The General Account comprises activities not related to the core Insurance business, such as group financing and other holding activities. In addition, the General Account also includes the investment in Royal Park Investments, Ageas’ internal Non-life reinsurer Intreas, the liabilities related to CASHES/RPN(I) and the written put option on AG Insurance.. 1.5. Consolidation principles. Subsidiaries The Ageas Consolidated Interim Financial Statements include those of ageas SA/NV (the ‘parent company’) and her subsidiaries. Investments in associates over which Ageas has significant influence, but which it does not control are accounted for using the equity method.. Foreign currency. The following table shows the exchange rates of the most relevant currencies for Ageas. Average rates. 30 September 2015. 31 December 2014. First nine months 2015. First nine months 2014. Pound sterling. 0.74. 0.78. 0.73. 0.81. US dollar. 1.12. 1.21. 1.11. 1.35. Hong Kong dollar. 8.68. 9.42. 8.64. 10.51. Turkey lira. 3.39. 2.83. 2.97. 2.93. China yuan renminbi. 7.12. 7.54. 6.96. 8.35. Malaysia ringgit. 4.92. 4.25. 4.22. 4.39. 40.71. 39.91. 37.62. 43.91. Thailand baht. INTERIM FINANCIAL STATEMENTS 2015. | 15 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Rates at end of period 1 euro =.

(16) 2 Acquisitions and disposals. 2.1. Acquisitions in 2015. AG Insurance acquired for EUR 86.7 million a stake of 36% in an equity associate named Spitfire which comprises 23 retail warehouse parks in Germany. In addition, AG Insurance did some other minor acquisitions for a total amount of EUR 11 million. Exclusive negotiations to acquire AXA's insurance operations in Portugal On 7 August 2015, Ageas confirmed the exclusive negotiations and intention to acquire AXA's share in its Portuguese insurance operations for a total consideration of EUR 190.8 million. AXA's Portuguese operations comprise a Non-life business (99.7% stake), a Direct/internet Non-life business (100% stake), and a Life business (95.1% stake). The combined operations will propel Ageas from number 6 to number 2 in Non-life in Portugal (based on Gross written premiums), with a combined market share of 14.4%, alongside the existing leading position in Life.. Life insurance joint venture in Vietnam Ageas and Muang Thai Life Assurance signed an agreement with Military Commercial Joint Stock Bank ("Military Bank") to establish a joint venture in Vietnam, which will be branded MB Ageas Life. Under the agreement, Ageas will have an equity shareholding of 29% in the new company, Muang Thai Life Assurance 10%, and Military Bank 61%. It was further agreed that Military Bank and MB Ageas Life will enter into a 15-year exclusive bancassurance agreement. The total capital investment for the three partners will amount to around EUR 46 million. Life insurance joint venture in Philippines The joint venture called "EastWest Ageas Life" will be a start-up company in which Ageas and EastWest Bank will both have an equal shareholding of 50%. It was further agreed that EastWest Bank and EastWest Ageas Life will enter into a 20-year exclusive distribution agreement. Under the agreement, Ageas will contribute capital and funding in the initial 12 months for an estimated amount of USD 65 million or EUR 60 million (PHP 2,910 million). The initial capital injection amounts to USD 45 million or EUR 41 million (PHP 2,010 million) which is double the minimum regulatory capital required. Future funding will be dependent on the performance of the business.. 2.2 This acquisition will be an important milestone in the development of Ageas's activities in Portugal currently operated by Ocidental Group. This transaction will accelerate a shift in business mix more towards Non-life, in line with Ageas's strategy to grow further in Non-life, and, at the same time, it will provide access to a direct/internet sales platform. The transaction is subject to completing of the information and consultation of relevant AXA's works council, the signing of a definitive agreement and the approval of regulatory authorities. The transaction should be finalised in the first half of 2016.. | 16 |. INTERIM FINANCIAL STATEMENTS 2015. Disposals in 2015. Life insurance business in Hong Kong Ageas has agreed to sell its Life insurance business in Hong Kong to JD Capital (Beijing Tongchuangjiuding Investment Management Co.) for a cash consideration of HKD 10,688 million (EUR 1,230 million). The transaction is expected to be completed within the first half of 2016 and is subject to regulatory approvals, customary closing conditions. There were no material disposals during the first nine months of 2015.. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. The following significant acquisitions and disposals were made in 2015 and 2014. Details on acquisitions and disposals, if any, which took place after the date of the statement of financial position, are included in note 28 Events after the date of the statement of financial position..

(17) Acquisitions in 2014. UBI Assicurazioni On 5 August 2014, Ageas and BNP Paribas Cardif reached an agreement with UBI Banca to acquire the remaining 50% – 1 share in the share capital of UBI Assicurazioni (UBIA), for a total amount of EUR 75 million plus additional commissions subject to a closing adjustment. UBIA is one of the leading Non-life bancassurance players in the Italian market. This transaction completes the 2009 joint acquisition of the majority stake in UBIA. The transaction was closed at year-end 2014. Ageas paid EUR 46 million to acquire the additional 25%. Since Ageas already controlled UBI Assicurazioni the acquisition did not result in any purchase accounting, however, the acquisition resulted in a decrease of Ageas’ shareholders equity of EUR 40 million due to the fact that the purchase consideration including the fair value of the additional commissions was above the net asset value. BNP Paribas Cardif and Ageas jointly own 100% of UBIA with Ageas holding 50% + 1 share and BNP Paribas Cardif 50% - 1 share. Both shareholders agreed to further expand UBIA’s activities in Italy, in order to continue the development of Non-life insurance products and services, including car and household insurance. At the same time, UBI Banca has agreed to renew and extend its long term distribution agreement with UBIA. UBI Assicurazioni has been renamed Cargeas Assicurazioni.. Médis and Ocidental Seguros MBCP Ageas, the joint venture with Banco Comercial Português (BCP) owned for 51% by Ageas, has dividended out its shares in the Non-life companies to its two shareholders together with a capital distribution of EUR 225 million. Ageas has taken full ownership of these Portuguese Non-life activities by acquiring MBCP's 49% stake on 30 June 2014 for an amount of EUR 126 million. The transaction includes a one-off price adjustment after 4 years to reflect actual versus projected commercial performance through the MBCP network. In accordance with IFRS, Ageas did not recognise goodwill on this transaction since Ageas already controlled these companies. The difference between the acquisition price and the book value of the assets and liabilities amounting to EUR 72.4 million has been deducted from Shareholders’ equity. Other acquisitions On 2 April 2014, Ageas France acquired an additional stake of 16% in equity associate Sicavonline. Due to this acquisition, the Ageas-share in Sicavonline became 65% and Ageas gained control over Sicavonline. As of this date, Sicavonline is therefore fully consolidated within the Ageas consolidation scope. The amounts relating to this transaction were relatively small. The total Goodwill recognised amounted to EUR 9.9 million. A EUR 1.1 million gain was recognised on the derecognition of the equity associate when control was established and the entity was fully consolidated. On 15 April 2014, AG Insurance acquired Kievit, a group of real estate companies, for an amount of EUR 145.1 million. In December 2014, AG Insurance acquired Sofa invest, a real estate entity, for an amount of EUR 48.7 million.. INTERIM FINANCIAL STATEMENTS 2015. | 17 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. 2.3.

(18) 2.4. Disposals in 2014. Interparking On 18 July 2014, AG Real Estate, the majority (90%) shareholder of Interparking, signed an agreement with CPP Investment Board European Holdings S.àr.l (CPPIBEH), a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), to sell CPPIBEH a 39% stake in Interparking. The parties have agreed on a purchase price of EUR 380 million for the 39% share, based on a 2013 EBITDA valuation multiple of around 13. The transaction was closed in November 2014. AG Insurance has retained control of Interparking. Because of this control, the net capital gain of EUR 138 million realised on this transaction has directly been accounted for in shareholders’ equity.. shareholder of Interparking. The put option has been measured at the fair value of the expected settlement amount (EUR 88 million) and the resulting liability is classified under the heading ‘Liabilities related to written put options on NCI’ in the statement of financial position. As a result of this reclassification, non-controlling interests decreased with EUR 69 million and shareholders’ equity decreased with EUR 19 million. Ageas Protect As per 31 December 2014, Ageas completed the sale of its 100% shareholding in Ageas Protect Limited (its Life Protection company in the UK) to AIG for a total consideration of GBP 197 million (EUR 253 million). The sale of the UK Life activities generated a net gain of EUR 33 million, including interest. This capital gain is included in the Income Statement in the line Result on sales and revaluations.. At the same time, AG Real Estate granted an unconditional put option on its 10.05% ownership to Parkimo, the present minority The impact of the sale of Ageas Protect on Ageas’ Consolidated statement of financial position at the date of the sale was as follows. Liabilities. Cash & cash equivalents. 38. Liabilities arising from insurance and investment contracts. 394. Financial investments and loans. 114. Current and deferred tax liabilities. Reinsurance and other receivables. 436. Accrued interest and other liabilities. 166. Accrued income and other assets. 154 Total liabilities. 571. Equity. 171. Total liabilities and equity. 742. Total assets. 742. Louvresse development On 23 July 2014, AG Real Estate concluded the sale of 80% of Campus Cristal (Louvresse development) resulting in a capital gain of EUR 77 million (see note 23 Result on sales and revaluations). The remaining 20% is reported as equity associate.. | 18 |. INTERIM FINANCIAL STATEMENTS 2015. 11. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Assets.

(19) 3 Outstanding shares and earnings per share The following table shows the number of outstanding shares.. Number of shares as at 1 January 2014. Shares. Treasury. Shares. issued. shares. outstanding. ( 7,052 ). 226,434. 233,486. Cancelled shares. ( 2,490 ). Balance (acquired)/sold. ( 7,071 ). Number of shares as at 31 December 2014. 230,996. Cancelled shares. ( 7,218 ). Balance (acquired)/sold 223,778. Shares issued and potential number of shares. In accordance with the provisions regulating ageas SA/NV, to the extent law permits, and in the interest of the Company the Board of Ageas was authorized for a period of three years (2015-2017) by the General Shareholders’ meeting of 29 April 2015 to increase the share capital with a maximum amount of EUR 162,800,000 for general purposes. Applied to a fraction value of EUR 7.40 this enables the issuance of up to 22,000,000 shares, representing approximately 10% of the total current share capital of the Company. This authorisation also enables the Company to meet its obligations entered into in the context of the issue of the financial instruments. Shares can also be issued due to the so-called alternative coupon settlement method (ACSM), included in certain hybrid financial instruments (for details see note 27 Contingent liabilities). Ageas has issued options or instruments containing option features, which could, upon exercise, lead to an increase in the number of outstanding shares. The table below gives and overview of the shares issued and the potential number of shares issued as at 30 September 2015. in thousands Number of shares issued as at 30 September 2015 Shares that may be issued per Shareholders' meeting of 29 April 2015 In connection with option plans Total potential number of shares as at 30 September 2015. ( 11,633 ). 223,778 22,000 1,405 247,183. ( 7,071 ) 219,363. 7,218 ( 5,825 ). Number of shares as at 30 September 2015. 3.1. 2,490. ( 10,240 ). ( 5,825 ) 213,538. redeem the FRESH (consequently they are included in the number of Ageas shares outstanding). However, Ageasfinlux SA and Ageas have agreed that these shares will not receive dividend nor will they have voting rights as long as these shares are pledged to the FRESH. As Ageasfinlux SA is part of Ageas group, the shares related to the FRESH are treated as treasury shares (see hereafter) and eliminated against shareholders’ equity (see note 12 Subordinated liabilities). Treasury shares Treasury shares are issued ordinary shares which are bought back by Ageas. The shares are deducted from Shareholders’ equity and reported in Other reserves. The total number of treasury shares (10.2 million) consists of shares held for the FRESH (4.0 million), the restricted share program (0.3 million) and the remaining shares resulting from the share buy-back programme (5.9 million, see hereafter). Details of the FRESH securities are provided in note 12 Subordinated liabilities. Share buy-back programme 2015 Ageas announced on 5 August 2015 a new share buy-back programme as of 17 August 2015 up to 5 August 2016 for an amount of EUR 250 million. Between 17 August 2015 and 30 September 2015, Ageas has bought back 976,859 shares corresponding to 0.44% of the total shares outstanding and totaling EUR 35.3 million.. The number of shares issued includes shares that relate to the convertible instrument FRESH (4.0 million). The FRESH is a financial instrument that was issued in 2002 by Ageasfinlux SA. One of the features of this instrument is that it can only be redeemed through conversion into 4.0 million Ageas shares. Ageasfinlux SA has acquired all necessary Ageas shares to. INTERIM FINANCIAL STATEMENTS 2015. | 19 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. in thousands.

(20) Share buy-back programme 2014 Ageas announced on 6 August 2014 a new share buy-back programme as of 11 August 2014 up to 31 July 2015 for an amount of EUR 250 million. Ageas completed on Friday 31 July 2015 the share buy-back programme announced on 6 August 2014. Between 11 August 2014 and 31 July 2015, Ageas has bought back 8,176,085 shares corresponding to 3.65% of the total shares outstanding and totaling EUR 250 million. The General Shareholders’ meeting of 29 April 2015 approved to cancel 3,194,473 own shares which were bought back until 31 December 2014.. 3.2. Share buy-back programme 2013 Ageas announced on 2 Augustus 2013 that, based on the shareholder authorisation granted at the end of April 2013, the Board of Directors decided to initiate a share buy-back programme of its outstanding common stock for an amount of EUR 200 million. Ageas completed on Friday 1 August 2014 the share buy-back programme announced on 2 August 2013. Between 12 August 2013 and 1 August 2014, Ageas has bought back 6,513,207 shares corresponding to 2.82% of the total shares outstanding and totalling EUR 200 million. The General Shareholders’ meeting of 30 April 2014 approved to cancel 2,489,921 own shares. At 29 April 2015, the General Shareholders’ meeting approved to cancel the remaining 4,023,286 own shares.. Shares entitled to dividend and voting rights. The table below gives an overview of the shares entitled to dividend and voting rights as at 30 September 2015. in thousands Number of shares issued as at 30 September 2015. 223,778. Shares not entitled to dividend and voting rights: Shares held by ageas SA/NV. 6,215. Shares related to the FRESH (see Note 12). 3,968. Shares entitled to voting rights and dividend. BNP Paribas Fortis SA/NV (the former Fortis Bank) issued a financial instrument called CASHES in 2007. One of the features of this instrument is that it can only be redeemed through conversion into 12.5 million Ageas shares. BNP Paribas Fortis SA/NV acquired all necessary Ageas shares to redeem the CASHES (consequently they are included in the number of shares outstanding of Ageas). The shares held by BNP Paribas Fortis SA/NV related to the CASHES are not entitled. | 20 |. INTERIM FINANCIAL STATEMENTS 2015. 4,644 208,951. to dividend nor do these have voting rights (see note 12 Subordinated liabilities and note 27 Contingent liabilities). In 2012, BNP made a (partially successful) cash tender on the CASHES. On 6 February 2012, BNP Paribas Fortis SA/NV converted 7,553 of the tendered CASHES securities out of 12,000 CASHES securities outstanding (62.9%) into 7.9 million Ageas shares. At this moment, 4.6 million Ageas shares related to the CASHES are still held by BNP Paribas Fortis SA/NV.. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Shares related to CASHES (see Note 27).

(21) 3.3. Return on equity. Ageas calculates Return on equity on the basis of an annualised result and the net average equity of the beginning and the end of the period. The Return on equity for the first nine months of 2015 and 2014 is as follows. First nine months 2015. First nine months 2014. Return on equity Ageas group. 7.6%. 4.1%. Return on equity Insurance. 8.7%. 9.1%. First nine months 2015. First nine months 2014. 3.4. Earnings per share. The following table details the calculation of earnings per share.. Net result attributable to shareholders Amortisation of costs of restricted shares. 598.9. 281.9. 2.6. 2.2. 601.5. 284.1. 216,445. 224,016. 591. 562. 217,036. 224,578. Basic earnings per share (in euro per share). 2.77. 1.26. Diluted earnings per share (in euro per share). 2.77. 1.26. Net result used to determine diluted earnings per share Weighted average number of ordinary shares for basic earnings per share (in thousands) Adjustments for: -. restricted shares (in thousands) expected to be awarded. Weighted average number of ordinary shares. In the first nine months of 2015, weighted average options on 1,411,835 shares (first nine months of 2014: 1,738,337) with a weighted average exercise price of EUR 22.67 per share (first nine months of 2014: EUR 21.89 per share) were excluded from the calculation of diluted EPS because the exercise price of the options was higher than the average market price of the shares.. During 2015 and 2014, 4.0 million Ageas shares arising from the FRESH were excluded from the calculation of diluted earnings per share because the interest per share saved on these securities was higher than the basic earnings per share. Ageas shares totalling 4.64 million (31 December 2014: 4.64 million) issued in relation to CASHES are included in the ordinary shares although they are not entitled to dividend nor do they have voting rights (see also note 27 Contingent liabilities).. INTERIM FINANCIAL STATEMENTS 2015. | 21 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. for diluted earnings per share (in thousands).

(22) 4 Regulatory supervision and solvency At the Ageas consolidated level, the National Bank of Belgium (NBB) supervises Ageas. The regulators in the countries in which the subsidiaries are located supervise the subsidiaries of Ageas in those countries, using their own solvency measures and based on local accounting principles.. Based on the rules and regulations for Insurance Groups applicable in Belgium, Ageas reports on a quarterly basis to the NBB its available regulatory capital and required solvency. This prudential supervision includes quarterly verification that Ageas, on a consolidated basis, meets the solvency requirements.. The reconciliation of the Shareholders’ capital to the available regulatory capital and resulting solvency ratios is as follows. 30 September 2015 Share capital and reserves Net result attributable to shareholders Unrealised gains and losses Shareholders' equity Non-controlling interests Total equity Subordinated liabilities. 7,548.9. 31 December 2014 7,151.4. 598.9. 475.6. 2,769.2. 2,596.3. 10,917.0. 10,223.3. 599.0. 688.2. 11,516.0. 10,911.5. 2,365.6. 2,086.3. ( 253.7 ). ( 240.7 ). Prudential filters Local required equalisation reserves for catastrophes Pension adjustment Revaluation of investment property, net of tax (at 90%) Adjustment valuation of available for sale investments Cash flow hedge. 919.3 ( 3,091.7 ) 6.5. 792.5 ( 2,869.3 ) ( 20.9 ). Goodwill. ( 927.8 ). ( 911.0 ). Other intangible assets. ( 378.8 ). ( 381.6 ) ( 518.8 ). Proposed dividend Limitation subordinated debt to 50% of required solvency. ( 228.8 ). Regulatory capital. 9,926.6. 8,848.0. Solvency requirements. 4,273.6. 4,218.3. Solvency excess. 5,653.0. 4,629.7. Solvency ratio's. Ageas capital management Ageas considers a strong capital base in the individual insurance operations a necessity, on one hand as a competitive advantage and on the other as being necessary to fund the planned growth. Ageas targets a minimum aggregate solvency I capital ratio of 200% of the minimum solvency requirements at the total Insurance level. Ageas is in the process of formulating capital targets for its Insurance operations under Solvency II.. | 22 |. INTERIM FINANCIAL STATEMENTS 2015. 232.3%. 209.8%. The General Account comprises the group functions, financing transactions (net of on-lending), as well as so-called legacy issues. At General Account level, Ageas accepts a negative capital position, indicating that some leverage is applied. This leverage can be created by virtue of the existence of the RPN(I) and the AG put option. The RPN(I) represents permanent funding without any repayment commitment, while the AG put option has loss absorbing characteristics (see note 17 Liabilities related to written put options NCI).. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Solvency ratio.

(23) Capital position Insurance At 30 September 2015, the total available capital of the insurance operations stood at EUR 9.9 billion (31 December 2014: EUR 8.7 billion), 230.9% of the required minimum (31 December 2014: 205.5%). Continental Belgium. Total available capital. 5,366.5. 931.0. 1,058.7. 2,293.2. Minimum solvency requirements. 2,520.7. 382.7. 609.0. 761.2. Amount of total capital above minimum. 2,845.8. 548.3. 449.7. 1,532.0. 212.9%. 243.3%. 173.8%. 31 December 2014. Belgium. UK. Total available capital. 4,755.7. 845.2. 1,060.9. 2,004.5. Minimum solvency requirements. 2,515.8. 365.4. 603.9. 733.2. Amount of total capital above minimum. 2,239.9. 479.8. 457.0. 1,271.3. 231.3%. 175.7%. Total solvency ratio. UK. Europe. Asia. 30 September 2015. Consolidation. Insurance. General. Total. Adjustments. total. (incl. elim). Ageas. 217.8. 9,867.2. 59.4. 9,926.6. 59.4. 5,653.0. 4,273.6 217.8. 5,593.6. 301.3%. 4,273.6. 230.9%. 232.3%. XXX Continental. Total solvency ratio. 189.0%. Europe. Asia. Consolidation. Insurance. General. Total. Adjustments. total. (incl. elim). Ageas. 2.7. 8,669.0. 179.0. 4,218.3 2.7. 4,450.7. 273.4%. 8,848.0 4,218.3. 179.0. 205.5%. 4,629.7 209.8%. The solvency position per Insurance segment and for Insurance total can graphically be shown as follows.. 30 Sep 15: 301.3% 2014:. 231.3%. 189.0%. Belgium. 273.4%. 30 Sep 15: 2014: 243.3%. UK. 205.5%. 30 Sep 15: 2014: 173.8% 175.7%. Continental Europe. 30 Sep 15: 230.9% 2014:. Asia. Insurance Total. INTERIM FINANCIAL STATEMENTS 2015. | 23 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. 30 Sep 15: 212.9% 2014:.

(24) 5 Related parties. Ageas companies may grant credits, loans or guarantees in the normal course of business to Board members and Executive. | 24 |. INTERIM FINANCIAL STATEMENTS 2015. managers or to close family members of the Board members or close family members of Executive managers. As at 30 September 2015, no outstanding loans, credits or bank guarantees have been granted to Board members and Executive managers or to close family members of the Board members and close family members of Executive managers. In 2015 the bridge loan granted by AG Insurance to EBNB 70 Pine Development was on the one hand partially reimbursed for an amount of USD 23 million, while on the other hand another bridge loan was granted for an amount of USD 11 million. There were compared to year-end 2014 no other changes in the related party transactions.. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Parties related to Ageas include associates, pension funds, Board members (i.e. non-executive and executive members of the Ageas Board of Directors), Executive managers, close family members of any individual referred to above, entities controlled or significantly influenced by any individual referred to above and other related entities. Ageas frequently enters into transactions with related parties in the course of its business operations. Such transactions mainly concern loans, deposits and reinsurance contracts and are entered into under the same commercial and market terms that apply to non-related parties..

(25) 6 Information on operating segments General information. Ageas has an organisational structure based on an Executive Committee and a Management Committee consisting of the ExCo, the Chief Operating Officer, the Chief Executive Officers of the four geographical regions and the Group Risk Officer. Operating segments Ageas is organised into five operating segments (for details see below):  Belgium;  United Kingdom (UK);  Continental Europe;  Asia;  General Account. Ageas decided that the most appropriate way of reporting operating segments under IFRS is per region in which Ageas operates, meaning Belgium, United Kingdom, Continental Europe and Asia. In addition, Ageas reports activities not related to the core insurance business such as group financing and other holding activities within the General Account that is presented as a separate operating segment. Ageas’ segment reporting based on IFRS reflects the full economic contribution of the businesses of Ageas. The aim is direct allocation to the businesses of all statements of financial positions and income statement items for which the businesses have full managerial responsibility. Transactions between the different businesses are executed under the standard commercial terms and conditions. Allocation rules In accordance with Ageas’ business model, insurance companies report support activities directly in the business. When allocating items from the statement of financial position to operating segments, a bottom-up approach is used based on the products sold to external customers.. For the items of the statement of financial position not related to products sold to customers, a tailor-made methodology adapted to the specific business model of each reportable segment is applied.. 6.2. Belgium. The Belgian insurance activities, operating under the name of AG Insurance, have a longstanding history. The company serves approximately 3.5 million customers and its premium income amounts on an annual basis to around EUR 6 billion in 2014. Some 68% of this income comes from Life insurance; the remainder from Non-life insurance. AG Insurance is also a 100% owner of AG Real Estate, which manages its real estate activities and has grown into the largest real estate group in Belgium. AG Insurance targets private individuals as well as small, mediumsized and large companies. It offers its customers a comprehensive range of Life and Non-life insurance through various channels: more than 3,500 independent brokers and via the bank channels of BNP Paribas Fortis SA/NV and its subsidiaries. AG Employee Benefits is the dedicated business unit offering group pension and health care solutions, mainly to larger enterprises. Since May 2009, BNP Paribas Fortis SA/NV owns 25% of AG Insurance.. 6.3. United Kingdom (UK). Ageas’ business in the UK is a leading national provider of Nonlife insurance solutions. The UK business has a strong presence in the Personal lines market and is continuing to expand its Commercial lines proposition. The UK business is the affinity partner of a number of very strong brands including Tesco Bank, John Lewis Partnership, Age UK and Toyota (GB) Limited. The UK business adopts a multi-channel distribution strategy across brokers, affinity partners and own distribution. Its 100% owned subsidiaries include Ageas 50 (former RIAS and Castle Cover) which have over a million customers in the growing 50+ age market segment and Ageas Insurance Solutions which provides white label solutions to affinity partners, outsourcing services as well as direct internet promotion of its own brands.. INTERIM FINANCIAL STATEMENTS 2015. | 25 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. 6.1.

(26) In order to provide transparency in respect of the contribution from its various business segments, Ageas took the decision to break down the UK results in three sub-segments – Life, Non-life and Other Insurance. Other Insurance includes the results of its retail operations and UK head offices costs.. 6.5. Asia. As a result of the sale of the Life activities in the UK (Ageas Protect) at year-end 2014 (see also note 2 Acquisitions and disposals), the UK does not report anymore in the Life segment as from 2015.. Ageas is active in a number of countries in Asia with its regional office and the fully-owned subsidiary both based in Hong Kong. The other activities are organised in the form of joint ventures with leading local partners and financial institutions in China (20-24.9% owned by Ageas), Malaysia (30.95% owned by Ageas), Thailand (15-31% owned by Ageas) and India (26% owned by Ageas). In terms of reporting, Ageas reports on a consolidated basis the Hong Kong subsidiary while the other stakes are accounted for as equity associates.. 6.4. 6.6. Continental Europe. Continental Europe consists of the insurance activities of Ageas in Europe, excluding Belgium and the United Kingdom. Active in five markets: Portugal, France, Italy and Luxembourg and since 2011 Turkey, the product range includes Life (in Portugal, France and Luxembourg) and Non-life (in Portugal, Italy and Turkey). Access to markets is facilitated through a number of key partnerships with companies enjoying a sizeable position in their respective markets.. General Account. The General Account comprises activities not related to the core insurance business, such as group financing and other holding activities. In addition, the General Account also includes the investment in Royal Park Investments, Ageas’ internal Non-life reinsurer Intreas, the liabilities related to CASHES/RPN(I) and the written put option on AG Insurance.. | 26 |. INTERIM FINANCIAL STATEMENTS 2015. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. In 2015, about 80% of total inflows were Life related and 20% Non-life..

(27) 6.7. Statement of financial position by operating segment Continental. 30 September 2015. Belgium. UK. Europe. General Asia. Account. Eliminations. Total. Assets Cash and cash equivalents Financial investments. 801.6. 149.1. 237.1. 129.2. 857.1. 52,933.6. 2,593.0. 8,461.0. 2,368.8. 326.8. ( 11.0 ). 66,672.2. 238.1. 1,604.5. ( 1,106.6 ). 7,084.8. Investment property. 2,604.6. 46.9. 19.1. Loans. 6,239.5. 72.4. 36.9. Investments related to unit-linked contracts. 6,733.5. 2,174.1 2,670.6. 7,284.0. 865.2. ( 22.0 ). 14,860.7. Investments in associates. 434.6. 103.5. 248.4. 1,649.6. 40.6. 7.2. 2,483.9. Reinsurance and other receivables. 782.1. 900.9. 244.6. 102.2. 5.6. ( 6.8 ). 2,028.6. Current tax assets. 12.3. 9.5. 28.8. 50.6. Deferred tax assets. 20.0. 39.8. 55.0. 114.8. Accrued interest and other assets. 1,311.1. 344.2. 219.5. 544.7. 181.7. Property, plant and equipment. 1,072.7. 61.7. 7.1. 5.9. 0.8. Goodwill and other intangible assets Total assets. 372.0. 291.6. 418.3. 426.1. 73,317.6. 4,612.6. 17,259.8. 6,329.8. ( 132.1 ). 2,469.1 1,148.2 1,508.0. 3,017.1. ( 1,271.3 ). 103,265.6. Liabilities 23,775.0. 3,163.2. 2,137.9. Liabilities arising from Life investment contracts. 25,452.0. 4,158.5. 0.9. 7,277.6. 865.2. Liabilities related to unit-linked contracts. 6,733.5. Liabilities arising from Non-life insurance contracts. 3,793.2. 2,854.4. 752.9. 1,425.8. 134.8. 178.0. Borrowings. 2,061.3. 131.3. 32.9. 551.1. 73.3. 3.2. 13.5. 6.5. 1,531.1. 0.5. 39.1. 1,677.4. 273.1. 320.8. Provisions. 19.3. 4.6. 9.8. Liabilities related to written put options on NCI. 92.3. Deferred tax liabilities. Total liabilities. ( 718.0 ). 2,365.6. 201.1. ( 410.6 ). 2,567.1 96.5 1,573.0. 445.4 135.5. 15,946.3. 3,697.1. 969.5. 2,632.7. 97.4. 2,377.1. 139.2. 172.9 1,187.3. Shareholders' equity. 4,833.4. 1,210.7. Non-controlling interests. 1,850.0. Total equity. 6,683.4. 1,210.7. 1,313.5. 2,632.7. ( 313.7 ). 73,317.6. 4,612.6. 17,259.8. 6,329.8. 3,017.1. 6,203. 4,557. 933. 456. 127. 344.0. 445.4 ( 127.1 ). 1,095.0 3,401.9. Number of employees. 2.1. 1,345.0. 66,634.2. Total liabilities and equity. 7,403.8. 2.3. RPN(I) Accrued interest and other liabilities. 14,876.3 2.1. Subordinated liabilities. 29,071.1 29,611.4. 3.3. Debt certificates. Current tax liabilities. ( 5.0 ). 3,330.8. ( 1,260.7 ). 91,749.6. 1,281.3. ( 10.6 ). 10,917.0. ( 10.6 ). 11,516.0. ( 1,271.3 ). 103,265.6. ( 1,595.0 ). 599.0. INTERIM FINANCIAL STATEMENTS 2015. 12,276. | 27 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. Liabilities arising from Life insurance contracts.

(28) Continental 31 December 2014. Belgium. UK. Europe. General Asia. Account. Eliminations. Total. Assets Cash and cash equivalents. 798.7. 215.7. 397.8. 134.5. 969.6. 54,840.3. 2,507.3. 8,404.6. 2,089.9. 343.8. ( 11.1 ). Investment property. 2,607.6. 14.2. 19.5. Loans. 5,269.3. 52.5. 37.5. 221.7. 1,814.9. ( 1,327.6 ). 6,068.3. Investments related to unit-linked contracts. 6,713.3. 7,246.0. 871.9. ( 72.3 ). 14,758.9. Financial investments. 2,516.3 68,174.8 2,641.3. Investments in associates. 342.2. 98.4. 266.8. 1,458.6. 48.3. 7.0. 2,221.3. Reinsurance and other receivables. 789.1. 849.1. 271.1. 85.7. 3.7. ( 7.0 ). 1,991.7. Current tax assets. 8.9. 1.4. 1.5. 11.8. Deferred tax assets. 24.6. 37.7. 44.1. 106.4. Accrued interest and other assets. 1,445.2. 287.3. 229.2. 483.9. 150.8. Property, plant and equipment. 1,040.4. 65.9. 6.3. 6.0. 0.8. 382.3. 270.0. 431.5. 404.8. 74,261.9. 4,399.5. 17,355.9. 5,757.0. Goodwill and other intangible assets Total assets. ( 136.2 ). 2,460.2 1,119.4 1,488.6. 3,331.9. ( 1,547.2 ). 103,559.0. ( 4.8 ). 29,419.7. Liabilities Liabilities arising from Life insurance contracts. 24,422.7. 3,114.7. 1,887.1. Liabilities arising from Life investment contracts. 26,448.9. 4,120.0. 0.8. 30,569.7. Liabilities related to unit-linked contracts. 6,713.3. 7,243.7. 872.0. 14,829.0. Liabilities arising from Non-life insurance contracts. 3,710.1. 746.1. 7,147.6. Debt certificates. 2.2. Subordinated liabilities. 1,233.1. 127.8. 178.0. Borrowings. 1,978.1. 201.4. 23.1. 37.3. 7.7. 28.8. 1,418.0. 0.4. 43.5. 1,697.2. 242.5. 366.5. Provisions. 20.2. 1.4. 10.3. Liabilities related to written put options on NCI. 94.8. Current tax liabilities Deferred tax liabilities. ( 1,001.7 ). 2,086.3. 506.1. 172.9. ( 398.1 ). 2,483.5. 10.7. 0.3. 84.8. 1.7. 1,463.6. RPN(I). 467.0. Accrued interest and other liabilities. Total liabilities. 154.9. 107.4. 171.4 1,485.8. 15,874.7. 3,431.6. Shareholders' equity. 4,688.1. 1,126.9. 1,046.6. 2,325.4. Non-controlling interests. 1,800.1. Total equity. 6,488.2. 1,126.9. 1,481.2. 2,325.4. ( 499.2 ). 74,261.9. 4,399.5. 17,355.9. 5,757.0. 3,331.9. 6,117. 4,626. 905. 437. 119. Total liabilities and equity Number of employees. INTERIM FINANCIAL STATEMENTS 2015. 2,436.9. 139.5. 3,272.6. 434.6. 467.0 ( 131.6 ). 1,391.0. 67,773.7. | 28 |. 2.2. 1,549.1. 3,831.1. ( 1,536.2 ). 92,647.5. 1,047.3. ( 11.0 ). 10,223.3. ( 11.0 ). 10,911.5. ( 1,547.2 ). 103,559.0. ( 1,546.5 ). 688.2. 12,204. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. 2,691.4.

(29) 6.8. Income statement by operating segment Continental. First nine months 2015. Belgium. UK. Europe. General Asia. Account. Eliminations. Total. Income -. Gross premium income. -. Change in unearned premiums. 3,779.3 ( 45.4 ). 1,457.3 ( 60.0 ). 1,372.7 1.1. -. Ceded earned premiums. ( 47.2 ). ( 96.2 ). ( 61.4 ). 293.1 ( 23.6 ). 3.4. ( 3.6 ). ( 1.7 ). 1.7. 6,902.2 ( 104.3 ). ( 0.1 ). 0.1. ( 228.4 ). Net earned premiums. 3,686.7. 1,301.1. 1,312.4. 269.5. 1.6. ( 1.8 ). 6,569.5. Interest, dividend and other investment income. 1,918.6. 51.5. 180.1. 100.8. 39.6. ( 42.0 ). 2,248.6. Unrealised gain (loss) on RPN(I) Result on sales and revaluations. 95.7. Income related to investments for unit-linked contracts. 34.7. 4.7. 25.1. 1.6. 155.7. ( 94.0 ). Share of result of associates. 5.3. 6.9. 13.7. 195.1. Fee and commission income. 21.6. 21.6. 4.6. 131.7. 14.2. 235.2. 96.4. 115.3. 73.8. 79.8. 69.7. Other income. 94.0. 74.2. 2.2. 0.6. 5.7. ( 13.8 ). 338.6 162.9. Total income. 5,950.3. 1,512.2. 1,769.0. 543.3. 87.3. ( 57.6 ). 9,804.5. ( 1,201.2 ). ( 240.1 ). ( 1.6 ). 1.8. ( 6,236.9 ). ( 1.6 ). 1.8. ( 6,155.5 ). 41.9. ( 124.3 ). Expenses Insurance claims and benefits, gross. -. Insurance claims and benefits, ceded. Insurance claims and benefits, net. ( 3,918.5 ) 16.1 ( 3,902.4 ). Charges related to unit-linked contracts. ( 49.3 ). Financing costs. ( 82.4 ). Change in impairments. ( 33.4 ). Change in provisions. 1.6. ( 877.3 ) 38.4 ( 838.9 ). 17.1 ( 1,184.1 ) ( 198.0 ). ( 6.2 ) ( 1.4 ). 9.8 ( 230.3 ). 81.4. 88.1. ( 159.2 ). ( 8.1 ). ( 34.8 ). ( 34.7 ). ( 23.6 ). ( 1.5 ). ( 8.3 ). 0.3. ( 66.8 ). 0.4. 0.9. Fee and commission expenses. ( 487.7 ). ( 278.0 ). ( 111.6 ). ( 74.1 ). ( 0.2 ). ( 951.6 ). Staff expenses. ( 370.5 ). ( 169.1 ). ( 47.7 ). ( 37.2 ). ( 16.9 ). 2.2. ( 639.2 ). Other expenses. ( 523.5 ). ( 141.2 ). ( 91.0 ). ( 28.9 ). ( 36.3 ). 11.7. ( 809.2 ). Total expenses. ( 5,447.6 ). ( 1,434.8 ). ( 1,663.8 ). ( 318.7 ). ( 97.6 ). 57.6. ( 8,904.9 ). 224.6. ( 10.3 ). 899.6. ( 3.8 ). ( 179.2 ). Result before taxation. 502.7. 77.4. 105.2. Tax income (expenses). ( 137.2 ). ( 12.9 ). ( 22.2 ). Net result for the period. 365.5. 64.5. 83.0. Attributable to non-controlling interests. 101.5. Net result attributable to shareholders. 264.0. 64.5. 63.0. 221.5. ( 14.1 ). 5,941.3. 1,479.2. 1,769.3. 537.3. 77.4. 9.0. 33.0. 6.0. 9.9. ( 57.6 ). Total income. 5,950.3. 1,512.2. 543.3. 87.3. ( 57.6 ). Non-cash expenses (excl. depreciation & amortisation). ( 125.6 ). Total income from external customers Total income internal. ( 3.1 ) 221.5. ( 14.1 ). 720.4. 20.0. ( 0.3 ) 1,769.0 ( 12.2 ). 121.5 598.9 9,804.5. ( 95.7 ). 9,804.5 ( 233.5 ). Gross inflow (sum of gross written premiums and premium inflow from investment contracts without discretionary participation features) can be calculated as follows. Continental First nine months 2015. Belgium. Gross premium income. 3,779.3. Inflow deposit accounting Gross inflow. UK 1,457.3. 376.6 4,155.9. 1,457.3. Europe. General Asia. 1,372.7. 293.1. 507.2. 110.4. 1,879.9. 403.5. Account. Eliminations. Total. 3.4. ( 3.6 ). 6,902.2. 3.4. ( 3.6 ). 7,896.4. 994.2. INTERIM FINANCIAL STATEMENTS 2015. | 29 |. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. -.

(30) Continental First nine months 2014. Belgium. UK. Europe. General Asia. Account. Eliminations. Total. Income -. Gross premium income. -. Change in unearned premiums. 4,046.1 ( 58.5 ). 1,432.4 ( 42.5 ). 1,126.7 2.3. -. Ceded earned premiums. ( 59.5 ). ( 125.4 ). ( 66.3 ). 220.4. ( 0.3 ). ( 98.7 ) ( 18.6 ). Net earned premiums. 3,928.1. 1,264.5. 1,062.7. 201.8. Interest, dividend and other investment income. 1,902.6. 50.6. 200.0. 78.9. Unrealised gain (loss) on RPN(I). ( 269.8 ) 45.0. ( 0.3 ). 6,456.8. ( 44.5 ). 2,232.6. ( 123.7 ). Result on sales and revaluations. 249.1. Income related to investments for unit-linked contracts. 421.8. 5.3. 6,825.3. 35.5. 11.3. 583.2. 15.3. Share of result of associates. ( 2.5 ). ( 1.8 ). 2.0. 123.2. Fee and commission income. 99.6. 90.0. 80.4. 50.1. Other income. 86.7. 76.7. 2.0. 1.3. Total income. 6,685.4. 1,485.3. 1,965.8. 481.9. ( 4,399.1 ). ( 845.5 ). ( 1,004.7 ). ( 190.2 ). ( 0.6 ). ( 123.7 ) ( 9.3 ). 291.3 1,020.3. ( 0.1 ). 120.8 320.1. 4.6. ( 13.4 ). 157.9. ( 74.8 ). ( 67.5 ). 10,476.1. 0.3. ( 6,439.2 ). 0.3. ( 6,251.3 ). Expenses Insurance claims and benefits, gross. -. Insurance claims and benefits, ceded. Insurance claims and benefits, net. 99.7 ( 4,299.4 ). Charges related to unit-linked contracts. 55.4. 24.1. ( 790.1 ). ( 980.6 ). ( 181.5 ). ( 596.1 ). ( 20.7 ). ( 0.9 ). ( 30.9 ) ( 1.9 ). ( 444.0 ). Financing costs. ( 89.6 ). Change in impairments. ( 15.2 ). ( 35.2 ). ( 1.5 ). ( 0.2 ). Change in provisions. ( 9.1 ). 8.7. 187.9 ( 1,060.8 ) ( 38.2 ). 44.4. ( 124.3 ) ( 52.3 ). ( 130.6 ). ( 132.3 ). Fee and commission expenses. ( 475.1 ). ( 313.5 ). ( 111.6 ). ( 68.7 ). Staff expenses. ( 364.1 ). ( 160.3 ). ( 48.3 ). ( 26.5 ). ( 14.9 ). 0.6. Other expenses. ( 491.8 ). ( 123.9 ). ( 93.5 ). ( 13.7 ). ( 29.2 ). 12.9. ( 739.2 ). Total expenses. ( 6,180.7 ). ( 1,396.9 ). ( 1,866.4 ). ( 343.9 ). ( 212.9 ). 58.2. ( 9,942.6 ). 138.0. ( 287.7 ). ( 9.3 ). Result before taxation. 504.7. 88.4. 99.4. Tax income (expenses). ( 73.1 ). ( 8.5 ). ( 24.7 ). Net result for the period. 431.6. 79.9. 74.7. Attributable to non-controlling interests. 110.5. Net result attributable to shareholders. 321.1. 79.9. 6,643.4. 1,455.8. 9.5. 29.5. 6,652.9. 1,485.3. Total income from external customers Total income internal Total income Non-cash expenses (excl. depreciation & amortisation). ( 968.9 ). ( 2.7 ) 135.3. ( 287.7 ). ( 9.3 ). 42.6. 135.3. ( 287.7 ). ( 9.3 ). 1,965.8. 476.0. ( 97.4 ). ( 83.2 ). 424.5 142.6. 5.9 1,965.8. 533.5 ( 109.0 ). 32.1. ( 19.0 ). ( 613.5 ). 481.9. 281.9 10,443.6. 22.6. ( 67.5 ). ( 74.8 ). ( 67.5 ). ( 1.9 ). 10,443.6 ( 104.1 ). Gross inflow (sum of gross written premiums and premium inflow from investment contracts without discretionary participation features) can be calculated as follows. Continental First nine months 2014. Belgium. Gross premium income. 4,046.1. Inflow deposit accounting Gross inflow. | 30 |. INTERIM FINANCIAL STATEMENTS 2015. UK 1,432.4. 322.0 4,368.1. 1,432.4. Europe. General Asia. 1,126.7. 220.4. 449.7. 120.3. 1,576.4. 340.7. Account. Eliminations. Total. ( 0.3 ). 6,825.3. ( 0.3 ). 7,717.3. 892.0. WorldReginfo - ca94d580-5b69-40b4-8961-245f7c2edfda. -.