Insurance, pensions and asset management services company Aegon ( AEG ) rose by ~9% after reporting Q2 results, having raised FY22 guidance and interim dividend.
The company reported Q2 net loss of €348M.
Operating result decreased 11% Y/Y on a constant currency basis to €538M. Here is a look at the Q2 operating result:
FY22 guidance for operating capital generation from the units was raised to around €1.4B from around €1.2B.
The company expects to achieve cumulative free cash flow of at least €2.2B through 2023, ahead of the 2020 Capital Markets Day target of €1.4B to €1.6B.
The 2022 interim dividend was increased by €0.03 to €0.11.
"The first half year of 2022 was one of the most challenging periods for investors with equity markets experiencing their worst start of the year in over five decades. Volatility remained as central banks increased interest rates to curb rising inflation and the war in Ukraine continued. Against this challenging backdrop we performed well," CEO Lard Friese said.
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Aegon rises after raising FY22 guidance, interim dividend