Aegon Net Profit Rises On Higher Earnings and Fair Value Items

By FeaturesDow Jones Newswires

Aegon NV (AGN.AE) said Thursday that net income in the third quarter increased 31%, driven by higher revenue and fair value items.

The financial company posted net income of 469 million euros ($543.8 million) for the third quarter, up from EUR358 million a year earlier. Sales were up 53% to EUR4.45 billion, it added.

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The company said that the increase in income was driven by increases in underlying earnings--which were up 20% on year--as well as fair value items.

Aegon said it made a gain from fair value items totaling EUR159 million as a result of positive real-estate evaluations in the Netherlands and the U.S., as well as hedging gains in the U.S.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

November 09, 2017 02:15 ET (07:15 GMT)