|Bid||24.59 x 1000|
|Day's Range||26.21 - 26.28|
|52 Week Range||24.71 - 26.68|
|PE Ratio (TTM)||-85.60|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Aegon, the Dutch-based insurer that does most of its business in the United States, said on Monday it would sell some U.S. operations to Wilton Re to boost its financial strength under Europe's new Solvency II regime for insurers. Aegon will sell its U.S. corporate and bank life insurance to Wilton for an undisclosed sum, and in return, Aegon's Transamerica unit will provide reinsurance for some $14 billion of Wilton liabilities.
On a per-share basis, the The Hague, Netherlands-based company said it had net income of 18 cents. Earnings, adjusted for non-recurring gains, were 17 cents per share. The life insurance company posted ...
Aegon, the Dutch insurer that does most of its business in the United States, on Thursday reported first-quarter net income of 378 million euros ($411 million), helped by the performance of its investment portfolio. The earnings were stronger than analysts had forecast, but concerns about the impact of Europe's new Solvency II regime for insurers hit Aegon's shares, which were down more than 5 percent. The company said its solvency ratio, a gauge of financial strength, remained flat at 157 percent under Europe's new Solvency II regime.