Aegon reports second half 2019 results

Alleen voor leden beschikbaar, wordt daarom gratis lid!

Overig advies 13/02/2020 07:40
https://www.aegon.com/investors/press-releases/2020/2h-2019-results/
for the video and more

Net income increases to EUR 910 million, reflecting better result on fair value items and lower Other charges

Underlying earnings before tax decrease by 5% to EUR 963 million due to impacts from lower interest rates in the Americas, and a change in the recognition of interest expenses related to debt refinancing. Earnings growth in other regions is from favorable claims experience and business growth
Fair value gains of EUR 168 million, driven by positive real estate revaluations in the Netherlands and the US
Realized gains on investments of EUR 131 million, mostly in the US
Other charges of EUR 188 million relate mainly to model and assumption changes, restructuring charges, and IFRS 9 / 17 project costs
Net income of EUR 910 million leads to improvement of the gross financial leverage ratio to 28.5%
Return on equity of 9.5% in the second half of 2019
Elevated net outflows due to US Retirement Plans; insurance sales growth in key focus areas

Gross deposits increased by 38% to EUR 80 billion, mainly driven by Aegon Asset Management
Net outflows of EUR 22.5 billion, as a result of contract discontinuances in US Retirement Plans and outflows in the US annuity businesses, partly offset by continued external third-party net inflows in Asset Management
New life sales increase by 15% to EUR 456 million following business growth in Asia, and higher pension sales in the Netherlands
Accident & Health insurance sales are up by 19% to EUR 113 million, mainly driven by a large disability contract win in the Americas
Property & casualty new premium production up by 6% to EUR 64 million, driven by business growth in Spain
Increased dividend based on strong capital position and normalized capital generation

Proposed final 2019 dividend per share of EUR 0.16; full-year dividend increases by 7% compared to 2018
Solvency II ratio above the target zone at 201%. The 4%-points increase in the second half of 2019 is mainly from management actions, including longevity reinsurance in the Netherlands, which are partly offset by adverse impacts of assumption changes. The Solvency II ratio of Aegon the Netherlands increased to 171%
Capital generation of EUR 1,183 million, including favorable one-time items of EUR 304 million and positive market impacts of EUR 24 million. Normalized capital generation after holding expenses of EUR 855 million
Holding excess cash at EUR 1.2 billion


tijd 11.00
Aegon EUR 3,612 -36,6ct vol. klein 20 miljoen.



Beperkte weergave !
Leden hebben toegang tot meer informatie! Omdat u nog geen lid bent of niet staat ingelogd, ziet u nu een beperktere pagina. Wordt daarom GRATIS Lid of login met uw wachtwoord


Copyrights © 2000 by XEA.nl all rights reserved
Niets mag zonder toestemming van de redactie worden gekopieerd, linken naar deze pagina is wel toegestaan.


Copyrights © DEBELEGGERSADVISEUR.NL