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Aegon Q2 net results hit by fair value losses
August 8, 2013 / 5:46 AM / in 4 years

Aegon Q2 net results hit by fair value losses

AMSTERDAM, Aug 8 (Reuters) - Dutch insurer Aegon missed forecasts for second-quarter net income on Thursday, citing fair value losses of 270 million euros ($360 million) mainly due to higher equity markets, increased equity market volatility and rising interest rates.

Quarterly net profit fell 2 percent to 243 million euros from 249 million euros a year ago. Four analysts in a Reuters poll had expected net profit of 341 million euros, with estimates ranging between 334 million and 348 million euros.

Aegon’s quarterly underlying earnings before tax rose 5 percent to 478 million euros, beating analysts’ forecasts for 466 million euros.

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