Aegon : Operating result somewhat better, Solvency better, VA can take some time
>Conclusion: Result somewhat better, Solvency strong, VA some time - The 1Q22 operating results were somewhat better than expected. The Solvency was strong across the board, and especially the improved NL Solvency ratio is good. The variable annuity sale process is now starting but it can take some time given current panic in markets. Aegon is a restructuring story so not too much driven by Q-results. Outperform maintained.Operating result Q1 somewhat bet...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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