Aegon falls as U.S. drives quarterly pretax-profit decline
February 22, 2016 by David De Jong
(Bloomberg) — Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., fell in Amsterdam trading after decline in U.S. income pushed down fourth-quarter pre-tax earnings.
The stock dropped as much as 4.5 percent and was down 3.2 percent as of 10:25 a.m. Underlying pretax profit figure fell 14 percent from a year earlier to 486 million euros ($541 million), the Hague-based insurer said in a statement Friday. Citigroup Inc. said pretax earnings missed the consensus estimate by 6 percent. Click HERE to read more…