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AEG Aegon Ltd

6.33
0.07 (1.12%)
After Hours
Last Updated: 21:00:02
Delayed by 15 minutes
Share Name Share Symbol Market Type
Aegon Ltd NYSE:AEG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.07 1.12% 6.33 6.34 6.26 6.30 2,710,997 21:00:02

Aegon Net Profit Rises On Higher Earnings and Fair Value Items

09/11/2017 7:30am

Dow Jones News


Aegon (NYSE:AEG)
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By Carlo Martuscelli

 

Aegon NV (AGN.AE) said Thursday that net income in the third quarter increased 31%, driven by higher revenue and fair value items.

The financial company posted net income of 469 million euros ($543.8 million) for the third quarter, up from EUR358 million a year earlier. Sales were up 53% to EUR4.45 billion, it added.

The company said that the increase in income was driven by increases in underlying earnings--which were up 20% on year--as well as fair value items.

Aegon said it made a gain from fair value items totaling EUR159 million as a result of positive real-estate evaluations in the Netherlands and the U.S., as well as hedging gains in the U.S.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

November 09, 2017 02:15 ET (07:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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