Ageas boosts UK GWP by 72% in H1 2026 after Esure deal

Ageas has revealed that its UK gross written premium (GWP) jumped 72% in the first half of 2026.

In a trading update published today, the insurer said GWP sat at £1.21bn (€1.42bn) in H1 2026, up from £726.3m (€847m) during the same period last year.

The growth comes following the insurer completing its acquisition of Esure and Acromas Insurance Company.

In its announcement of the Esure deal, Ageas said acquiring the firm would widen its target customer demographics and enable top line growth of £3.25bn by 2028.

Ageas said in its latest results that “the integration of Esure is progressing well, with key integration milestones achieved, including a new and integrated management team since 2025 and on-track technology integration, as well as an increased conviction on the successful realisation of the strategic and financial logic of this acquisition”.

Europe result

Ageas did not provide a breakdown of the UK business in its H1 2026 results, with the arm sitting in the Europe division.

The Europe unit wrote £1.93bn (€2.25bn) of GWP for non-life in the first half of this year, up from £1.36bn (€1.59bn) in the first six months of last year.

Net operating profit, meanwhile, jumped from £98.6m (€115m) to £124.4m (€145m) year-on-year.

Hans De Cuyper, chief executive at Ageas, said: “Ageas delivered a strong commercial performance in the first half of 2026, with growth in inflows supported by excellent life sales across all regions and solid growth in non-life.

”This topline momentum translated into higher profitability with a 6% net operating result increase, driven by excellent life results and resilient non-life operations despite significant adverse weather in Belgium and Portugal.”