Aegon declares interim numbers for second half

INSURANCE POLICY INFORMATION

Aegon proclaims acting numbers for 2nd fifty percent

Aegon, which additionally has one international possession supervisor, connected the outcome mostly to a boost in the worth of obligations in the Netherlands as a result of tightening up credit history spreads. On the other hand, according to the team, right here’s just how it got on in the six-month period in regards to underlying incomes gross:

Resource

Hidden incomes gross, H2 2020

Hidden incomes gross, H2 2019

Americas

EUR556 million

EUR548 million

The Netherlands

EUR344 million

EUR320 million

The UK

EUR62 million

EUR70 million

International

EUR81 million

EUR73 million

Possession monitoring

EUR111 million

EUR79 million

Holding as well as various other tasks

EUR( 125 million)

EUR( 129 million)

Team

EUR1.03 billion

EUR961 million

The 7% rise in underlying incomes gross, claimed Aegon, was driven by the gain from greater equity markets in the United States as well as possession monitoring, in addition to expenditure financial savings. It was highlighted that the COVID-19 influence was “manageable”.

Discussing the outcomes, president Lard Friese specified: “The second half of 2020 continued to be challenging for our customers, colleagues, and the communities in which we operate. I am proud of the continued commitment of our employees to provide support and uninterrupted service to our customers and business partners in the midst of the pandemic.”

In these scenarios, the Chief Executive Officer claimed Aegon has actually serviced its strategies to change business, outlining a clear guidebook focused on better efficiency.

“In the second half of the year,” kept in mind Friese, “we took the first concrete steps to deliver on these plans. We sharpened our strategic focus with the announced divestments of our operations in Central & Eastern Europe; restructured our businesses in India, Hong Kong, and Singapore; decided to cease funding of GoBear; and delivered 260 initiatives relating to our performance improvement plan.”

The outcome, according to the Aegon employer, was the decrease in the addressable expenditure base by greater than EUR75 million. Friese included that the company stays on course to provide fifty percent of its 2023 target of EUR400 million financial savings by the end of this year.

He included: “Last year’s rebasing of the dividend ensures that it is sustainable and well covered by the free cash flows that we generate, even in reasonable stress scenarios. We will propose a final dividend for 2020 of €0.06 per common share at our 2021 annual general meeting, bringing the full-year dividend to €0.12.”

Read Original – Click Here

Please rate this article: 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

©2021 U-S-INSURANCE.COM - FIND THE RIGHT INSURANCE

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account