Aegon NV, a leading insurance, asset management and retirement provider, saw its stock price plummet by 10.37% in pre-market trading on Thursday. This sharp decline followed the company's release of its full-year 2024 operating results, which disappointed investors.
According to the financial report, Aegon's operating results for FY24 came in at €1.485 billion, a decrease from €1.498 billion in the previous year. While the company reported a net profit per share of €0.11, up from a loss of €(0.09) per share in the preceding year, the overall operating performance fell short of market expectations.
Analysts have attributed the stock's pre-market plunge to concerns over Aegon's ability to maintain growth and profitability in the face of challenging economic conditions and increasing competition in the insurance and asset management sectors. The company's weaker-than-expected operating results have raised questions about its future prospects and strategic direction.
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