Aegon Reports Higher First Half Income For Americas

The life insurance and annuity operations are reporting a total of $1.5 billion in net income for the half on $13 billion in revenue, up from $1.4 billion in net income on $13 billion in revenue.

All Aegon operations in the Americas are reporting a combined total of $696 million in income for the half on $7.7 billion in revenue, compared with $597 million in income on $8 billion in revenue for the first half of 2000.

The life insurance and annuity operations earned $992 million in come for the half on $3.3 billion in revenue, compared with $842 million on $3.5 billion.

Although the recent stock market slump hit variable annuity deposits hard, deposits for fixed-rate and guaranteed-return investments rose so rapidly that total deposits for fixed annuities, variable annuities, funding agreements and guaranteed investment contracts increased 8%, to $13 billion.