Aegon N.V. insurance core earnings predictions 2015

Aegon N.V. insurance core earnings predictions 2015 : Aegon NV, the Dutch insurer rose 7% after it reported 75% fall in earnings in fourth quarter on one-time reorganization costs and lower returns of investments and the fall in interest rates.

The insurance company reiterated its plan to increase core earnings between 7% and 10% a year until 2015 and generate return on equity between 10% and 12%.

Aegon N.V., the insurance company reported fourth quarter sales fell 6% to €1.41 billion from €1.51 billion in the same quarter last year. Net income in the quarter declined 75% to €81 million compared to €318 million a year ago earlier.

The decline was mainly due to higher exceptional charges and expenses in the UK and lower equity markets and interest rates.

For 2011 sales decreased 5% to €5.70 billion from €6.02 billion in last year. Net income for the year slumped 50% to €3.67 billion compared to €3.19 billion in the prior year.

For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: