Aegon Posts Upbeat Q1 Profit

Aegon NV AEG reported a better-than-expected profit for the first quarter. Aegon's quarterly net profit climbed 59% to 521 million euros ($673.7 million), from €327 million, in the year-ago period. However, analysts were expecting a net profit of 276 million euros. Impairments declined 34% to 41 million euros. Aegon shares closed at $4.29 yesterday.