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Ageas affected due to inflation and financial market instability



Belgian insurer Ageas SA/NV said that its third quarter net results would take a €175 million ($174 million) hit from adverse financial markets in China as well as the strong impact of inflation in Turkey and the U.K., Reinsurance News reported. Ageas had earlier said that the solid underlying performance would not be able to compensate for the impact of these developments.

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