1320 GMT - Aegon's conservative accounting was behind market disappointment after its annual results, but seems to prepare the groundwork for its next three-year plan, Berenberg says in a research note. Shares fell 9% Thursday after the Dutch insurer made a change to how it reports onerous contracts, which depressed its 2024 operating profit. The results presentation gave a clear guide on management's priorities for the plan they will outline in December, analyst Michael Huttner writes. These are likely to feature a greater focus on IFRS 17 operating profits, a timetable to reduce the U.S. Financial Assets capital employed to 2.2 billion euros from 3.4 billion euros, and a new buyback assumption, he says. Shares trade at 5.97 euros. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 08:20 ET (13:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。