Aegon : Earnings report marked by impact of lower rates
>Expected contraction in underlying earnings - Aegon is due to report its H1 2019 net income on Thursday, 15 August before the market open. We are expecting a 5.5% drop in pre-tax underlying earnings (the consensus is expecting a contraction of 7.2%). In particular, we are expecting a 4.3% drop in underlying earnings in the US, mainly due to the negative impact of the decrease in the interest rates on the deferred acquisition costs. Bear in mind also that net income...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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