The weak dollar and anticipated one-off costs led to a drop in earnings at insurance group Aegon in the second quarter of 2011.

Aegon booked net profit of €404m in the second three months of the year, compared with €413m in the year earlier period.
‘The weakening of the US dollar had a notable impact on Aegon’s reported results, said CEO Alex Wynaendts in a statement. ‘Net income was strong for the quarter. However, underlying earnings were negatively affected by anticipated exceptional items in the United Kingdom and the Netherlands.
According to the Telegraaf, Wynaendts refused to answer questions on media reports that some British activities are up for sale.
The quarterly report also showed that Aegon has €4.6bn in investments in the five weaker eurozone countries: Greece, Ireland, Spain, Portugal and Italy.