Aegon : Rising Solvency, Stable Q4 earnings, cash remittance FCF guidance upped
>Rising Solvency, stable Q4 profit, cash remittance FCF guidance upped - For 4Q21, we forecast a stable operating pre-tax profit of € 452m (2Q21 excl. one-offs € 505m; 3Q21 excl. one-off US adverse mortality was € 495m). We expect an increase of the Group Solvency 2 ratio to 217% (209% end-3Q21) driven by the Dutch longevity transaction. Also the bottom line net profit is likely to be good at € 439m supported by positive fair value items by increasing prices in real e...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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