Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Aegon Reports Higher Net Income

Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 8, 4:13 p.m. – Aegon N.V., The Hague, Netherlands, is reporting $531 million in net income for the third quarter on $6.8 billion in revenue, up from $472 million in net income on $6.8 billion in revenue for the third quarter of 2000.

Aegon sells life insurance and investment products along with other financial products and services.

The latest earnings figures include $13 million reported claims resulting from the Sept. 11 attacks, and $21 million in attack-related claims that have been incurred but not reported, Aegon says.

Reinsurance arrangements should hold total Sept. 11 claims to less than $50 million, Aegon says.

  • New variable annuity deposits fell 25%, to $1.3 billon, but fixed annuity deposits increased 23%, to $1.6 billion.
  • Sales of guaranteed investment contracts and funding agreements increased 16%, to $3.1 billion.
  • New life sales increased to $550 million, from $540 million.
  • Commissions and other sales expenses increased to $1.1 billion, from $917 million.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.