Skip to main content
Home
  • About us
    • Who we are
      • Our history
      • Our customers
      • Our brand
      • Art at Aegon
    • What we do
      • Our businesses
      • Our strategy
      • Integrated Annual Report
    • Governance
      • Executive Board
      • Management Board
      • Supervisory Board
      • Compliance
      • Governance documents
  • Investors
    • General
      • Analyst consensus
      • Annual reports
      • Financial calendar
      • Financial results
      • Aegon and IFRS 17
      • Capital Markets Day
      • Presentations archive
    • Capital & liquidity
      • About debt programs
      • Debt program Aegon N.V.
      • Dividend
      • Ratings
      • Share buyback program
    • Shareholders & AGM
      • Redomiciliation
      • Annual General Meeting
      • Extraordinary General Meeting
      • Major shareholders
      • Retail US shareholders
      • Share price tool
      • Contact investor relations
  • Newsroom
    • News
      • All News
      • Press releases
    • Media relations
      • Contact media relations
      • Media kit
  • Sustainability
    • Focus themes
      • Climate change
      • Inclusion & diversity
    • Our approach
      • Ambition & governance
      • Commitments, ratings & recognition
      • Reports & policies library
    • Stakeholder value
      • Responsible investment
      • Responsible tax
      • Community investments
      • Government & policy affairs
      • Human rights
      • Responsible procurement
      • Customer experience
      • Engaged workforce
  • Careers
    • Vacancies
      • Search
    • Working at Aegon
      • Inclusion & Diversity
      • Why Aegon?
    • Careers at Aegon
      • Career development
      • Graduates & Interns
  • Aegon country websites

    Select another Aegon website from the list of links below.
    • country flag
      Aegon Life (India)
    • country flag
      Transamerica (USA)
    • country flag
      Aegon Spain
    • country flag
      Mongeral Aegon (Brazil)
    • country flag
      Aegon Asset Management
    • country flag
      Aegon THTF (China)
    • country flag
      Aegon United Kingdom
  • Filters
    Article Type

Aegon reports strong increase in net income in 1Q 2017

May 11, 2017, 7:30 CEST
2 minutes

Breadcrumb

  1. Press releases

1Q 2017 Results | AEX:AGN | NYSE:AEG

[node:field_featured_media:entity:field_media_image]

Aegon CEO, Alex Wynaendts

Underlying earnings up 6% driven by US expense reductions and higher fee income

  • Underlying earnings of EUR 488 million reflect the benefit of expense reductions in the US and higher fee income as a result of favorable equity markets, partly offset by seasonally adverse mortality experience
  • Fair value items of EUR (53) million due to losses on hedges in place to protect the capital position
  • Net income increases strongly to EUR 378 million mainly from improved fair value items
  • Return on equity amounts to 7.2%

    Continued strong sales and improved margins

    • Record revenue-generating investments of EUR 847 billion following Cofunds acquisition and favorable markets
    • Gross deposits increase by 13% to EUR 34 billion due to first time inclusion of Cofunds; net outflows of EUR 6.0 billion driven by loss of asset management contract related to previous Guardian divestment
    • New life sales declined by 8% to EUR 246 million, as lower sales in US and NL were partly offset by higher sales in Asia
    • Accident & health and general insurance sales up 5% to EUR 300 million driven by disability insurance sales in NL
    • Market consistent value of new business increases 30% to EUR 172 million benefiting from higher interest rates

    Solvency II ratio stable at 157%

    • Solvency II ratio unchanged at an estimated 157%, as capital generation offset the Cofunds acquisition and accrual for the final 2016 dividend
    • Capital generation of EUR 0.5 billion including favorable market impacts and one-time items of EUR 0.2 billion
    • Holding excess capital decreases by EUR 0.1 billion to EUR 1.4 billion driven by funding and operating expenses
    • Gross leverage ratio improves by 40 basis points to 29.4% as a result of retained earnings

       

      Aegon 1Q Results KPIs

      All comparisons are against the first quarter of 2016, unless stated otherwise.

       

      Press releases (PDF)

      English version
      PDF 603.14 KB
      Nederlandse versie
      PDF 372.88 KB

      Related links

      English version
      PDF 603.14 KB
      Financial Supplements Interim Financial Statements Webcast Infographic
      • Global
      • Dutch

      Contact

      • Media relations
      • Investor relations
      • About us
        • Who we are
        • What we do
        • Governance
        • Contact Aegon
      • Investors
        • General
        • Capital & liquidity
        • Shareholders & AGM
      • Newsroom
        • News
        • Media relations
      • Sustainability
        • Our focus themes
        • Our approach
        • Stakeholder value
      • Careers
        • Vacancy search
        • Working at Aegon
      Site logo
      • Privacy statement
      • Cookie statement
      • Accessibility
      • Disclaimer
      Aegon ©2023