Aegon’s H1 19 pre-tax underlying earnings of €1,010m were down 5% yoy, but net profit jumped to €618m. The underlying result was affected by the impact of lower fee income on Retirement Plans and Variable Annuities and higher investments in the Americas. The European and Asian businesses posted slightly higher earnings. The proposed interim dividend is €0.15/share. Aegon respected some fixed targets, but the current volatility in the markets could be harmful to its FY 19
15 Aug 2019
More complicated than expected
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More complicated than expected
Aegon Ltd. (AEGN:WBO) | 0 0 -0.2% | Mkt Cap: 11,572m
- Published:
15 Aug 2019 -
Author:
Bassem Neifer -
Pages:
3
Aegon’s H1 19 pre-tax underlying earnings of €1,010m were down 5% yoy, but net profit jumped to €618m. The underlying result was affected by the impact of lower fee income on Retirement Plans and Variable Annuities and higher investments in the Americas. The European and Asian businesses posted slightly higher earnings. The proposed interim dividend is €0.15/share. Aegon respected some fixed targets, but the current volatility in the markets could be harmful to its FY 19