Report
Cor Kluis

Aegon : In Q2 improving earnings, solvency and gross holding cash, interest rate risk

>Conclusion: Improving earnings, solvency and cash, more to come - For 2Q21, we forecast an improving operating pre-tax earnings for Aegon of € 463m (1Q21 € 431m). We expect a small increase of the Group Solvency 2 ratio to 200% (194% end-1Q21), driven by a rise of the US RBC ratio, the NL Life S2 ratio, and the UK S2 ratio. The Gross Cash Capital at Holding is expected to rise to € 1.33bn (from € 1.19bn end-1Q21). At the 1H21 results Aegon will present, a likely posi...
Underlying
Aegon NV

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.

Provider
Oddo BHF
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.

Analysts
Cor Kluis

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