Report
Henry Heathfield
EUR 100.00 For Business Accounts Only

Aegon Reports Poor 2018 Close

Aegon reported a very poor close to the year; net income was down to EUR 253 million for the second half with some continued pretty serious one-offs. We maintain our EUR 6.70 fair value estimate and no-moat rating.
This net income number has been hit by EUR 257 million in fair value movements as a result of market volatility in the second half as well as EUR 581 million from legal settlements and loss on divestment. While investors should usually look through these one-offs, they have become so ...
Underlying
Aegon N.V. ADS

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Henry Heathfield

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