Aegon : Profits better than expected, interest rate hedging somewhat faster
>Conclusion: Earnings better, remain restructuring investment case - The operating result and also the bottom line result were both better than expected. The Solvency was just marginally less. The company is hedging the interest rate risk in the US somewhat faster. The sales is still less than expected. In total a healthy set of results. The Aegon investment case is more driven by the restructuring story which they are doing well, but still good to see somewhat bette...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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