Aegon : Solvency and cash in line, OCG and sales better, good outlook CMD and SBB
>Conclusion: Q1 solvency and cash in line, OCG and sales better, good outlook - Aegon provided an Q1 update with all relevant data except IFRS figures. The Group Solvency was in line with our estimate, and the cash position was also in line. The S2 based OCG capital generation and sales were better in 1Q23. Aegon is a restructuring story so less driven by Q-results. We are positive in the run-up to the CMD on 22nd of June where we expect a positive story on the future...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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