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Net result increases by 7% compared with the first quarter of 2021 to EUR 412 million, reflecting a EUR 372 million book gain from the sale of Aegon's businesses in Hungary and a non-economic loss on interest rate hedges Operating result increases by 7% to EUR 463 million, supported by an improvement in claims experience in the US, the positive contribution from.
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Aegon reports first quarter 2021 results
May 12, 2021 GMT
Strong progress on expense savings program and plans to improve risk profile
Net result of EUR 386 million in the first quarter of 2021 reflects increased operating result and benign credit environment
Operating result increases by 20% to EUR 431 million, mainly driven by expense savings and higher equity markets, partly offset by adverse claims experience in the United States mostly due to COVID-19
Cash Capital at Holding amounts to EUR 1.2 billion, in the upper half of Aegon’s target range; capital ratios of all three main units are around or above their respective operating levels
Aegon N.V.: Aegon reports first quarter 2021 results
Strong progress on expense savings program and plans to improve risk profile
Net result of EUR 386 million in the first quarter of 2021 reflects increased operating result and benign credit environment
Operating result increases by 20% to EUR 431 million, mainly driven by expense savings and higher equity markets, partly offset by adverse claims experience in the United States mostly due to COVID-19
Cash Capital at Holding amounts to EUR 1.2 billion, in the upper half of Aegon s target range; capital ratios of all three main units are around or above their respective operating levels
Free cash flow of EUR 75 million in the first quarter of 2021 compared with EUR 61 million in the first quarter of 2020