Buy
Sell
Share Name Share Symbol Market Type
Aegon EU:AGN Euronext Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.124 € -2.62% 4.61 € 4.609 € 4.611 € 4.735 € 4.603 € 4.728 € 2,630,736 14:51:47

Aegon 2nd Half Net Profit Dropped Amid Market Turmoil

14/02/2019 6:52am

Dow Jones News


Aegon (EU:AGN)
Historical Stock Chart

2 Months : From Jan 2019 to Mar 2019

Click Here for more Aegon Charts.
   By Adria Calatayud 
 

Aegon NV (AGN.AE) said Thursday that net profit fell 83% in the second half of 2018 after a challenging period in which the company was hit by market turmoil.

The Dutch insurance and asset-management company said it made a net profit of 253 million euros ($286.0 million) in the six months to Dec. 31 compared with EUR1.45 billion in the year-earlier period.

The company said the lower net profit reflected value losses as a result of market movements. In 2017, the company received a one-off boost from U.S. tax reforms.

Underlying pretax earnings fell 8% to EUR1.01 billion, as lower retirement-plans earnings in the U.S. offset business growth and higher margins in Europe, Aegon said.

Aegon's Solvency II ratio, a measure of its balance-sheet strength, declined four percentage points during the second half to 211%.

The company declared a final dividend of EUR0.15 a share compared with EUR0.14 a share a year earlier.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

February 14, 2019 01:37 ET (06:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Aegon Chart

1 Year Aegon Chart

1 Month Aegon Chart

1 Month Aegon Chart
Your Recent History
EU
AGN
Aegon
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190320 15:06:55