AEG - AEGON reports Q2 results

• AEGON press release ( NYSE: AEG ): Q2 net loss of €348M due to one-time charges and a non-economic loss on interest rate hedges in the US.
• Operating result of €538M; a decrease of 11% on a constant currency basis compared with the second quarter of 2021.
• The capital ratios of all three main units remain above their respective operating levels. Group Solvency II ratio increases to 214% driven by management actions and the benefit from model updates.
• Aegon raises its 2022 guidance for operating capital generation from the units from around €1.2B to around €1.4B.
• Aegon also expects to achieve cumulative free cash flow over the period 2021 to 2023 of at least €2.2B, well ahead of the €1.4B to €1.6B target set at the 2020 Capital Markets Day

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