Aegon's Q1 2016 results were impacted by challenging market conditions according to their CEO. Underlying earnings decreased from the previous quarter to EUR 432 million. Net income declined significantly to EUR 289 million compared to a net loss of EUR 580 million in the prior quarter, due to portfolio optimization efforts. Sales and gross deposits increased compared to the same quarter last year.

1. Q1 2016 Results
“Our results have been
impacted by challenging
market conditions.”
Alex Wynaendts
CEO Aegon
UNDERLYING EARNINGS
PER REGION (EUR MILLION)
Sales
€
Gross
Deposits
Underlying
Earnings
€
Net Income
3,560 30.1
EUR million EUR billion
Q1 2015
Q4 2015
2,625
2,886
Q1 2015
Q4 2015
20.0
23.8
462
EUR million EUR million
Q1 2015
Q4 2015
432
453
Q1 2015
Q4 2015
289
(580)
143
Optimized
Portfolio
STRATEGIC OBJECTIVES
Continued strong sales from
fee-based deposit businesess
in Q1 2016 reflecting customer
loyalty
Global engagement and enablement
scores continue to exceed the
industry norm
Establishment of the Center of
Excellence for Digital to help local
operations adopt, innovate and
share best practices
Annuity Book UK: Two thirds of
UK annuity portfolio sold to
Rothesay Life
Operational
Excellence
Empowered
Employees
Customer
Loyalty
Americas Europe
Asia
169283
0
Holding (36)
Asset Management45