- 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
For further details see:
AEGON reports Q2 results