Aegon Posts Lower Q1 Net Profit

Aegon NV

reported a drop in its net profit for the first quarter. Aegon's quarterly sales fell 1% to EUR1.73 billion. Its new life sales rose 12% to EUR499 million, while accident & health and general insurance sales climbed 14% to EUR 239 million. Its underlying earnings rose 1% to EUR 445 million, while net income tumbled 61% to EUR204 million. Aegon shares closed at $6.84 yesterday.