NU Online News Service, Mar. 7, 1:42 p.m. – AEGON N.V., The Hague, Netherlands, is reporting the equivalent of $567 million in net income for the fourth quarter of 2001 on $7.2 billion in revenue, compared with $505 million in net income on $7.4 billion in revenue for the fourth quarter of 2000.
Dollar results reflect a decline in the value of the euro relative to the dollar over the past year. When expressed in euros, AEGON’s net income increased 19%, to 640 million euros, and its revenue increased 4%, to 8.2 billion euros.
The fourth-quarter results also include a $482 million provision for losses on U.S. bonds, AEGON says.
The currency translations given here use an exchange rate of 1 euro=88.58 U.S. cents for the 2001 results, and an exchange rate of 1 euro=94.16 cents for the 2000 results, based on exchange-rate data from OANDA Corp., New York.