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Aegon NV reports significant decline in net profit for Q1 2021

Written by Adam Cadle
12/05/2021

Aegon NV has reported a significant decline in net profit for Q1 2021, though still ahead of market expectations.

Figures show a net profit of €386m ($469m) was achieved, compared with €1.27bn for the same period a year earlier.

The company's operating profit rose to €431m. Analysts had estimated the operating result at €378m, according to a company-compiled poll, compared to €358m in the same period of 2020.

Aegon's Solvency II ratio was 194% when it was expected to be 197%.

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