Ageas SA/NV reported second-quarter net result attributable to shareholders of €193.5 million, up from €173.4 million a year earlier.

The net attributable result from insurance totaled €176.0 million, down from €222.4 million a year ago. The life business brought in income of €121.4 million, a decrease from the year-ago €144.1 million, while the nonlife business booked net result of €54.6 million, down from €78.3 million a year earlier.

Net attributable result from insurance in Belgium dipped on a yearly basis to €83.4 million from €117.4 million. Net attributable result from insurance in Asia amounted to €46.2 million, down from the year-ago €61.6 million.

The Belgian insurance group's gross premium income was €2.08 billion, compared to €2.02 billion a year earlier. Net earned premiums totaled €2.07 billion, compared to the year-ago €2.00 billion.

Total income rose year over year to €3.20 billion from €3.09 billion.

Net insurance claims and benefits totaled €1.92 billion, compared to the year-ago €1.78 billion.

The group's combined ratio deteriorated to 96.7% in the quarter from 93.6% a year ago.

For the first half, Ageas posted net attributable result of €441.2 million, up from €283.6 million a year earlier. EPS for the half was €2.23, compared to the year-ago €1.39.

Ageas' total group Solvency II ratio stood at 210.7% at the end of June, compared to 197.8% at June 30, 2017. The total insurance Solvency II ratio was 202.3% at June-end, compared to 192.7% a year ago.

The company also announced a €200 million share buyback program that will start Aug. 13, 2018, and end Aug. 2, 2019.