Oddo BHF - Aegon N.V. ADS (AENF) Aegon : Good underlying earnings and rise in solvency

Report

Oddo BHF

Benoit Valleaux

Aegon : Good underlying earnings and rise in solvency

>Brisk underlying earnings momentum in H1 2018 - Aegon generated underlying earnings before tax of â‚¬Â 1,064m in H1 2018 (+2% reported, +10% like-for-like), ahead of forecasts (consensus estimate of â‚¬Â 1,001m, Oddo BHFâ€™s estimate: â‚¬Â 1,020m). The group benefited notably from its cost-cutting programme, an increase in the investment margin in the Netherlands and a good performance from asset management activities (increase in performance fees) and from Asia. In the US...

17/08/2018 4 EN

Underlying

Aegon N.V. ADS

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US0079241032 Netherlands

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Benoit Valleaux

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Aegon : Good underlying earnings and rise in solvency

Moody's downgrades AEGON N.V.'s senior unsecured debt rating to Baa1, stable outlook

Moody’s places AEGON N.V.’s ratings on review for downgrade following the announcement to combine its Dutch operations with ASR

AEGON N.V.: Update following rating action

Adyen NV : Q1 net revenue growth +21% as they promised, moat is growing, Buy

TechnipFMC : Look forward, not backwards (from a share price perspective)

Groupe SEB : Very good start to the year with 7.3% organic growth and 220bp improvement in profitability

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