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Aegon raises share buyback plan to 350 million euros

Aegon raises share buyback plan to 350 million euros

- Life insurer and asset manager Aegon AEGN.AS on Thursday raised its share buyback plan for the second half of the year after first-half capital generation beat market expectations.

The Dutch life insurer and asset manager said it would buy back shares worth 350 million euros ($409 million) in the second half of the year, up from the 200 million euros previously announced.

Operating capital generation after expenses was 416 million euros in the first half, above the 376 million euros forecast by analysts polled by the company.

($1 = 0.8565 euros)


(Reporting by Mateusz Rabiega; Editing by Matt Scuffham)

((Mateusz.rabiega@thomsonreuters.com))

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