Aegon released Q1 20 figures, marked by a strong net income (€1,270m) coming from fair value gains. The insurer succeeded also in protecting its Solvency II ratio (208%). Underlying earnings before tax was €366m, reflecting adverse mortality and impacts from lower interest rates in the Americas. The Dutch and UK operations showed resilience. Aegon took measures to preserve its profitability, including Variable Annuity repricing and coverage restriction. We expect more affected figur
13 May 2020
A first missed target
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A first missed target
Aegon Ltd. (AEGN:WBO) | 0 0 -0.2% | Mkt Cap: 11,572m
- Published:
13 May 2020 -
Author:
Bassem Neifer -
Pages:
3
Aegon released Q1 20 figures, marked by a strong net income (€1,270m) coming from fair value gains. The insurer succeeded also in protecting its Solvency II ratio (208%). Underlying earnings before tax was €366m, reflecting adverse mortality and impacts from lower interest rates in the Americas. The Dutch and UK operations showed resilience. Aegon took measures to preserve its profitability, including Variable Annuity repricing and coverage restriction. We expect more affected figur