Aegon stories loss in first-half outcomes

Worldwide monetary companies group Aegon has revealed its monetary outcomes for the primary half of 2023.

In response to the Netherlands-headquartered enterprise, it posted a web loss value €199 million within the interval. Throughout the identical half-year span in 2022, the group loved a optimistic web results of €46 million.

Lifting the lid on the numbers, chief govt Lard Friese stated: “Our working end result elevated by 3% in contrast with the identical interval in 2022, and displays improved leads to all insurance coverage models whereas asset administration was negatively impacted by a difficult market setting.

“Our web end result was a lack of €199 million, and displays beforehand introduced gadgets within the US that may place us properly for future development. Our working capital era was sturdy, pushed largely by our US enterprise. The capital ratios of our predominant models remained above their respective working ranges within the first half of 2023.

“These outcomes present a strong foundation to lift the interim dividend by 3 eurocents in contrast with the 2022 interim dividend to 14 eurocents per share.”

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