Aegon records first-half loss of $72.3m
Aegon Ltd, the Bermudian-domiciled international financial services holding company, has reported a net loss of €65 million, or approximately $72.3 million, in the first half of the year.
The company’s portfolio of businesses includes fully-owned subsidiaries in the United States, Britain and a global asset manager.
Aegon said its operating result decreased by 8 per cent compared with the first half of 2023 to €750 million ($837 million), reflecting unfavourable mortality experience mainly related to US financial assets.
Lard Friese, Aegon chief executive, said: “In the first half of 2024 we made solid progress to deliver on our strategy to create leading providers of investment, protection, and retirement solutions.
“This was evidenced by continued strong sales growth across all our US strategic assets, further growth in our UK workplace platform and the business in Brazil, and strong third-party net deposits in our asset management business.”
The company also announced the appointment of Shawn C.D. Johnson as chief executive of Aegon Asset Management, and a member of Aegon’s executive committee, effective September 23.
Mr Johnson most recently served as CEO of AMP Capital, an international investment manager based in Australia.
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