Report
Benoit Valleaux

Aegon : Priority to strengthening the balance sheet and sharp cut in the dividend

>Underlying earnings hit by mortality in the US and the pandemic - Aegon released its H1 2019 net profit yesterday morning. H1 2020 underlying earnings totalled € 700m (-31%), 7% below the consensus (€ 753m) and in line with our forecast (€ 704m). Underlying earnings undershot expectations in the US (at € 264m, down 54%), hit especially by a € 150m charge related to mortality (partly due to COVID-19) and by a non-recurring € 97m charge on intangible assets (lower rate...
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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