Aegon reports increase in earnings, sales and cash flows for the second quarter of 2015

18 August 2015 —
"We are pleased with the high level of sales as we continue to secure new distribution agreements", said Alex Wynaendts Aegon CEO.

Solid underlying earnings

  •     Underlying earnings increase to EUR 549 million as fee business growth and the stronger US dollar were partly offset by lower US life & protection results, including adverse mortality of EUR 17 million
  •     Equity and interest rate hedging programs main drivers of fair value losses of EUR 293 million
  •     Net income amounts to EUR 350 million
  •     Return on equity of 8.2% and 8.9% excluding capital allocated to run-off businesses

Continued strong profitable sales

  •     US retirement plans and asset management main drivers behind gross deposits of EUR 16.8 billionand net deposits of EUR 3.2 billion
  •     New life insurance sales level at EUR 518 million
  •     Accident & health and general insurance sales stable at EUR 248 million
  •     Market consistent value of new business of EUR 183 million impacted by low interest rates

Increase in interim dividend supported by strong cash flows

  •     Operational free cash flows excluding market impacts and one-time items of EUR 388 million
  •     Holding excess capital of EUR 1.5 billion and gross leverage ratio improves to 27.7%
  •     Interim dividend increases to EUR 0.12 per share; dilutive effect of stock dividend to be neutralized
  •     More clarity obtained on Solvency II; ratio now expected to be in the range of 140 - 170%

Read the full story


Aegon reports increase in earnings, sales and cash flows for the second quarter of 2015
2124 views
Share |