Dutch insurer Aegon's second-half profit rises (updated)

ASR Nederland NV

20/02/2025 07:13

(Recasts, adds comment in paragraph 3 and details)
       Feb 20 (Reuters) - Aegon  AEGN.AS  posted on Thursday a
net profit of 741 million euros ($772.79 million) for the second
half of 2024, as operating results and gains from its ASR
Nederland  ASRNL.AS  stake cushioned the negative impact of
restructuring charges.
    The Dutch insurer expects its annual operating capital
generation to reach around 1.2 billion euros ($1.25 billion),
and a free cash flow of roughly 800 million euros by the end of
the 2025.
    "We have delivered on both our increased guidance for
operating capital generation ... and on our free cash flow
guidance ... for 2024. Our main business units remained
well-capitalized," CEO Lard Friese said in a statement.
    The company's operating capital generation before holding
funding and operating expenses reached 658 million euros,
surpassing the consensus median of 641 million euros.
    The Amsterdam-listed company proposed a final dividend of 19
euro cents per share, pushing the total distribution for 2024 to
35 euro cents apiece. 
    Aegon aims to pay a dividend of 0.40 euros for 2025.
    The group said its Solvency II ratio - which calibrates
liquidity levels for extreme events - stands at 188%, exceeding
the 185% forecast in a company-provided poll.  

   
    ($1 = 0.9587 euros)

 (Reporting by Jakob Van Calster and Mateusz Rabiega in Gdansk;
Editing by Sherry Jacob-Phillips)
 ((jakob.vancalster@thomsonreuters.com
mateusz.rabiega@thomsonreuters.com))