On 12 November, Aegon announced a Q3 15 net loss of €524m vs. a net income of €52m in Q3 14. Ytd earnings amounted to €142m, an 81.9% drop year-on-year. The insurer’s figures were impacted by assumption changes, the ongoing model refinement programme and the anticipated book loss on the sale of its low-return business in Canada. Underlying earnings before tax increased by 49.8% to €436m, bringing the total since the beginning of the year to €1,453m. Q3 and 9M Sa
12 Nov 2015
The ghost of model updates
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The ghost of model updates
Aegon Ltd. (AEGN:WBO) | 0 0 -0.2% | Mkt Cap: 11,572m
- Published:
12 Nov 2015 -
Author:
Bassem Neifer -
Pages:
2
On 12 November, Aegon announced a Q3 15 net loss of €524m vs. a net income of €52m in Q3 14. Ytd earnings amounted to €142m, an 81.9% drop year-on-year. The insurer’s figures were impacted by assumption changes, the ongoing model refinement programme and the anticipated book loss on the sale of its low-return business in Canada. Underlying earnings before tax increased by 49.8% to €436m, bringing the total since the beginning of the year to €1,453m. Q3 and 9M Sa