Aegon : Stable Q2 operating earnings, Solvency 2 lower by markets
>Conclusion: good Q2 operating earnings, Solvency 2 lower by markets - For 2Q22, we forecast a good operating pre-tax profit of € 484m with only a small net Covid impact. We expect a decline of the Group Solvency 2 ratio to 200% end-2Q22 (210% end-1Q22) mostly driven by lower equity markets. The gross cash capital at holding is expected to be € 1.64bn after debt reduction being at the top end of their € 0.5-1.5bn target range.2Q22 good operating earnings ...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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