Aegon finds effects for first quarter 2022

Aegon finds effects for first quarter 2022


Q1 2022 web outcome

Q1 2021 web outcome

Q1 2022 working outcome

Q1 2021 working outcome


€(176 million)

€122 million

€166 million

€161 million

The Netherlands

€156 million

€228 million

€187 million

€184 million

United Kingdom

€78 million

€(11 million)

€51 million

€39 million


€408 million

€37 million

€47 million

€30 million

Asset control

€41 million

€52 million

€68 million

€75 million

Keeping and different actions

€(94 million)

€(41 million)

€(55 million)

€(59 million)


€412 million

€386 million

€463 million

€431 million


In keeping with the insurer, its €412 million web outcome within the duration is partially attributed to the €372 million ebook acquire from the sale of the crowd’s companies in Hungary. Extra on that transaction right here.

As for Aegon’s upper working outcome, the corporate presented this clarification: “Running outcome will increase via 7% when put next with the primary quarter of 2021 to €463 million, on account of an growth in claims enjoy in the US, the certain contribution from enlargement tasks, higher charges from upper fairness markets when put next with the primary quarter of closing 12 months, and beneficial affects from forex actions. Those greater than offset the affects of higher get advantages prices and outflows in variable annuities within the Americas and better bills.”

The crowd’s Solvency II ratio, in the meantime, stood at 210%.

“The primary 3 months of 2022 were extraordinary in some ways,” commented Friese. “The Russian invasion in Ukraine has had a devastating have an effect on at the lives of many of us and fuelled inflationary pressures and volatility at the international monetary markets at a time that many economies had been opening up after enjoyable COVID-19 measures.

“I’m happy with our colleagues who endured to successfully enhance and repair our shoppers in a turbulent surroundings as evidenced via our effects, and the really extensive growth we made on our 2023 strategic and monetary goals.”

A part of Aegon’s technique was once to expand a “rigorous and granular” working plan around the organisation, with the objective of re-allocating capital to enlargement alternatives. On the similar time, Aegon is bettering its possibility profile and lowering capital ratios volatility.

The CEO famous: “We endured polishing our strategic center of attention and extending our monetary flexibility with the crowning glory of the divestments of our companies in Hungary and Turkey to Vienna Insurance coverage Team, and the sale of a part of our Eu challenge fund.

“The last of the sale of our Hungarian companies led to an build up in money capital on the Keeping to €1.8 billion. This enabled us to announce a €300 million proportion buyback programme and an extra aid of our debt, thereby achieving our deleveraging goal vary 1.5 years early.”

Aegon’s operational growth plan is composed of over 1,200 detailed tasks designed to toughen working efficiency via lowering prices, increasing margins, and rising profitably. Of those tasks, greater than 900 have already been completed.

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