Aegon : Stable Q3 operating earnings, good progress on the dynamic VA hedge
>Conclusion: Stable earnings, good progress on VA hedging - For 3Q21, we forecast a stable operating pre-tax earnings of € 491m (2Q21 excl. one offs was c. € 505m). We expect only a small decline of the Group Solvency 2 ratio to 206% (208% end-2Q21), driven by the hybrid redemption and VA lump-sum offering. At the 3Q21 figures Aegon will present, a likely positive, update on its US variable annuity business where it did a lump-sum offering in Q3, and from 1 October 20...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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