Aegon : SBB better, Q4 results better, OCG/FCF result & guidance in line, 15.5% SBB
>Conclusion: Results better, OCG/FCF in line, SBB better - The 4Q22 operating result of Aegon was better than expected by NL non-life and the bank, and by international. The Solvency was marginally better by the US and the NL. The OCG result and FCF guidance were in line with expectations. The announced SBB in 1H23 was better than expected. In total in 2023 Aegon will commence to buy back 15.5% of its market cap. Production wise traditional sales are good, but the fee...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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