Aegon is moving in the right direction, but it's not enough.
Aegon reported net income of EUR 529 million for the second quarter of 2017. This was buoyed by a gain on divestment of EUR 149 million for the U.S. run-off businesses that released USD 700 million of capital. The main takeaway from today’s results is that the business has significantly improved its capital position. We will maintain our EUR 6.20 fair value estimate and no-moat rating.Balance sheet strength has been a concern for this business, and in particular its Dutch unit. However, Aegon N...
AEGON is a holding company. Through its subsidiaries, Co. provides life insurance and pensions operations in more than 20 countries in the Americas, Europe and Asia and is also active in savings and asset management operations, accident and health insurance, general insurance and to a limited extent banking operations. Co. operates through the following segments: the Americas (which includes the U.S.A., Mexico and Brazil); the Netherlands; the United Kingdom; Central & Eastern Europe; Spain and Portugal; Asia and Aegon Asset Management.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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