Report
Benoit Valleaux

Aegon : La marge de solvabilité a été impacté par des changements de modèle

>Le RO du S2 a été 3% en-dessous du consensus - Aegon a publié hier matin son résultat 2019. Le RO avant impôts du S2 2019 est ressorti à 963 M€ (-4.6%), impacté par la baisse des taux et différents éléments non récurrents. Il est en ligne avec notre prévision, mais inférieur au consensus (99 M€) de 3.3%. Le RO a été plus faible que prévu aux Etats-Unis à 547 M€ (-10.9%) avec 59 M€ de charges non récurrentes (dont 49 M€ d’amortissement de coûts d’acquisition différés)...
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
Benoit Valleaux

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