Aegon : Results in line, good and solid progress continuing
>Conclusion: Results in line, good and solid progress continuing - In total results in line. The OCG was marginally better than expected supported by higher interest rates on cash. The Solvency and cash at holding was line. The positive sales momentum is continuing. And they continue to work well on restructuring the financial assets. Aegon is almost halfway its SBB program so we estimate they will still buy back about 8.5% of its shares by the summer of 2024. We keep...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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