AEGON reports lower quarterly profit
The Gazette: Volatile financial markets had a negative effect on first-quarter net income for AEGON, the Netherlands-based corporate parent of Transamerica in Cedar Rapids. The multinational life-insurance, pensions and asset-management company on Thursday posted a net profit of $162.7 million for the quarter that ended on March 31, down 50 percent from $328.9 million in the same quarter of 2015. Underlying net earnings, which strip out exceptional and other one-time items, were $527.6 million in the first quarter of 2016, up from $491.6 million in the same period last year.
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