Aegon N.V. insurance sales q4 2011

Aegon N.V. insurance sales q4 2011 : 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.

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