Aegon Net Profit Rises On Higher Earnings and Fair Value Items
09 Novembre 2017 - 08:30AM
Dow Jones News
By Carlo Martuscelli
Aegon NV (AGN.AE) said Thursday that net income in the third
quarter increased 31%, driven by higher revenue and fair value
items.
The financial company posted net income of 469 million euros
($543.8 million) for the third quarter, up from EUR358 million a
year earlier. Sales were up 53% to EUR4.45 billion, it added.
The company said that the increase in income was driven by
increases in underlying earnings--which were up 20% on year--as
well as fair value items.
Aegon said it made a gain from fair value items totaling EUR159
million as a result of positive real-estate evaluations in the
Netherlands and the U.S., as well as hedging gains in the U.S.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 02:15 ET (07:15 GMT)
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