Aegon Q1 earnings down sharply

Insurance group Aegon booked net profit of €153m in the first three months of 2008 compared with €707m in the same period last year.

The figure is well below analysts’ expectations. The company blamed lower returns from investments in the US and the Netherlands and a one-off tax payment for the poor performance.
Underlying earnings before tax were up a ‘strong’ 9%, Aegon said in a statement.
For the full statement, click here

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation