Moody's affirms A1 ratings with a Stable Outlook Moody's Ratings (Moody's) has affirmed the A1 Insurance Financial Strength Rating (IFSR) of ageas SA/NV ("Ageas"), the holding company of the Ageas Group also operating as a reinsurance company. At the same time Moody's has affirmed Ageas's A1 long-term issuer rating, AG Insurance's A1 IFSR and the Baa2 (hyb) rating on the junior subordinated notes (FRESH securities) issued by Ageasfinlux S.A. The outlooks on all entities remain stable. The ratings affirmation reflects the Group's success in meeting its targets under the Impact24 strategic plan, and the launch of the new Elevate27 plan aimed at improving business diversification, margins, and capital generation.