Aegon underlying earnings rise by almost one-third in Q3
Thursday 08 November 2012
Aegon boosted underlying profits by almost one-third to €472m in the third quarter of this year, the insurance company said in a statement on Thursday.
A strong rise in sales in the US was offset by developments in the Netherlands, UK and Spain, Aegon said in a statement.
Net profit reached €374 while group revenues fell 4% to €1.55bn.
‘Although there are signs of gradually improving market conditions, there remains considerable uncertainty in the general economic environment,’ chief executive Alex Wynaendts said.
‘Consequently, we believe it is prudent and necessary to maintain a sufficient financial buffer while at the same time adhering to our strict risk and pricing discipline.’