The rapid pandemic outbreak in the US led to deep changes in assumptions (€-834m), fair value losses (€-760m) and the suspension of a cash remittance. The American business, at the heart of Aegon’s profitability, is now a real source of concern. The other business units showed resilience. Management announced the withdrawal of its financial targets and a declined interim dividend to €0.06/share despite a solid Solvency II ratio (195%). Aegon will exit unprofitable markets
13 Aug 2020
Heavy US bill
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Heavy US bill
Aegon Ltd. (AEGN:WBO) | 0 0 -0.2% | Mkt Cap: 11,572m
- Published:
13 Aug 2020 -
Author:
Bassem Neifer -
Pages:
3
The rapid pandemic outbreak in the US led to deep changes in assumptions (€-834m), fair value losses (€-760m) and the suspension of a cash remittance. The American business, at the heart of Aegon’s profitability, is now a real source of concern. The other business units showed resilience. Management announced the withdrawal of its financial targets and a declined interim dividend to €0.06/share despite a solid Solvency II ratio (195%). Aegon will exit unprofitable markets