The international insurance company from the Netherlands Aegon ended the first half of the year with a net profit of 202 million euros, which is 67% lower than the same period last year (617 million euros).
According to the Internet resource UkrStrakhovanie with reference to the press release of Aegon, the company canceled the previously announced targets and reduced the amount of dividends, since the situation with the further impact of the Covid-19 pandemic on the insurer's activities remains uncertain.
Aegon will publish updated financial targets no earlier than December 2020. During the reporting period, Aegon's solvency ratio dropped to 195% from 201% in December 2019.
Commenting on the half-year results, CEO Lard Friese described the first half as a challenging one for the Group, as Aegon's US operations suffered significant losses due to the Covid-19 pandemic. “From an operational point of view, we have dealt well with the fallout from the pandemic. Our customer service continued to be excellent as we successfully adapted to virtual business operations and supported our customers and business partners, ”he added.