Aegon : A good Q1, higher pace of rate hedging, and the journey has only just begun
>Conclusion: Good Q1 earnings, higher pace of rate hedging, TP up - The 1Q21 results were better by asset management, by the NL non life- and service-business, by the US variable annuity business and by good cost control. This combined with the lower future Covid-19 adverse mortality impact, the better economy and rising rates makes us increase our future earnings estimates. The CEO Mr. Lard Friese stated that the journey only just begun, and we fully agree with that,...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.
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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