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Aegon reports second half 2018 results

AEGON NV (AEG)  More Company Research Source: Business Wire
US:NYSE Investor Relations: aegon.com/investors
PDF THE HAGUE, Netherlands--(BUSINESS WIRE)-- Net income declines to EUR 253 million reflecting unfavorable market movements and other charges Underlying earnings decrease by 8% to EUR 1,010 million, as lower Retirement Plans earnings in the US more than offset business growth and higher margins in Europe, and expense savings Fair value losses of EUR 257 million mainly driven by unfavorable market movements in the US, which are partly offset by positive real estate revaluations and hedging gains in the Netherlands and the UK Other charges of EUR 581 million, mostly due to the previously announced legal settlement in the US and book loss on the divestment of the last block of US life reinsurance business as well as model & assumption changes in the Netherlands, and restructuring expenses Return on equity increases to 10.2% resulting from lower taxes, [Read more]

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