Report
Cor Kluis

Aegon : Q3 results less by a one-off, Solvency better, VA according to plan

>Conclusion: Q3 less by a one-off, Solvency better, VA according to plan - The 3Q21 result was only somewhat less due to a higher one-off US mortality, while the rest was in line or better. The Solvency was marginally better driven by the US and the UK. The variable annuity restructuring is going according to their plan with a VA-GMIB take up ratio already at 14% on 10 Nov. It would be logical if Aegon will increase its future remittance based FCF guidance at eg. the...
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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