Net income amounts to EUR 491 million supported by increase in underlying earnings
Underlying earnings increase by 2% to EUR 1,064 million, or 10% on constant currencies driven by expense savings, a higher investment margin in the Netherlands, performance fees, and growth in Asia
Realized losses on investments of EUR 67 million are driven by the sale of US treasuries as part of ongoing asset liability management
Other charges of EUR 294 million, mostly due to a loss on the sale of Aegon Ireland and charges related to restructuring programs, which are expected to generate substantial expense savings
Return on equity increases significantly to 9.2% as a result of higher underlying earnings and a lower corporate tax rate in the United States

Net deposits increase driven by asset management flows; accident & health sales impacted by product exits
Net deposits improve to EUR 3.9 billion, mainly driven by higher asset management inflows and better retention in the UK business, which more than offset outflows in the US retirement plan business
New life sales decline by 2% to EUR 422 million on a constant currency basis, partly driven by lower indexed universal life and term life sales in the US; Adverse currency movements impact sales by an additional 8%
Accident & health and general insurance sales down 48% to EUR 274 million mostly as a result of previously announced strategic decision to exit travel and stop loss insurance in the United States

Strong capital position and growing capital generation allow for increase in interim dividend
Solvency II ratio increases by 14%-points compared with year-end 2017 to 215%, driven by own funds growth; Solvency ratios main units remain well within or above target zones
Capital generation of EUR 1,386 million, including favorable market impacts and one-time items of EUR 628 million
Interim 2018 dividend increases to EUR 0.14 per share
Holding excess cash increases to EUR 1.9 billion mostly driven by remittances from the units; EUR 700 million has been earmarked to reduce leverage in the second half of 2018
Gross financial leverage ratio of 28.9% expected to reduce by ~200 basis points following planned deleveraging

see & read more on
https://www.aegon.com/investors/results-archive/2018/1H/infographic-1h-2018/


Aegon has agreed to sell its businesses in Czech Republic and Slovakia for EUR 155 million to NN Group. The transaction is consistent with Aegon’s strategic objective to optimize its portfolio and capital allocation across its businesses.





"This divestment is a further step in rationalizing our geographical footprint and focusing our resources on our key markets", said Alex Wynaendts, CEO of Aegon. "The transaction guarantees continued customer service, offers new opportunities for employees, and is in the best interest of our shareholders".

The businesses in Czech Republic and Slovakia predominantly provide unit-linked products in addition to offering term life products and a wide range of riders, as well as pension services in Slovakia. In 2017, underlying earnings before tax of the combined operations amounted to EUR 16 million.

The proceeds from the divestment will be upstreamed to the group. As a result of the transaction, Aegon's group solvency ratio is estimated to improve by approximately 1%-point. Based on the book value as of December 31, 2017 and taking into account dividends paid in 2018, the book gain is expected to amount to approximately EUR 80 million and will be reported in Other income.

The transaction is subject to customary regulatory approvals, and is expected to close early 2019. This transaction will have no material impact on Aegon's other operations in Central & Eastern Europe.

tijd 09.41
Aegon EUR 5,47 +11,4ct vol. klein 2 miljoen.