The Netherlands insurer Aegon NV, the owner of American insurance company Transamerica Corp., has reduced net profit in the fourth quarter 2011 to 75 % in connection with expenses on re-structuring, thus the indicator has appeared essentially below market forecasts.
Insurance
As it is informed in the company press release, its net profit following the results of October-December was reduced to 81 million euro from 318 million the euros received for the similar period on year before.
Single expenses of the company past quarter have made 194 million euro.
At the same time the net profit has grown in comparison with the third quarter 2011 on 35 %.
Following the results of all past year the net profit was reduced to 50 % - to 872 million euro.
The gain last quarter was reduced in annual expression to 6 % and on 13 % concerning result of the third quarter - to 1,409 billion euro.
Base to the tax profit Aegon which is not considering investment fluctuations, in the fourth quarter has fallen to 23 % - to 346 million euro.
Following the results of all year the indicator has made 1,522 billion euro, having reduced to 17 %.
Aegon plans to raise an indicator on 7-10 % a year up to 2015. The forecast is based on the assumption that profitableness 10-year-old US Treasuries during the period till 2016 will average 4,75 annual interest rates.
