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Dutch insurer Aegon adjusted its 2010 target for value of new business, a way of valuing income from the sale of insurance premiums, to 1.25 billion euros, up 14 percent from its original target.
Published on November 26, 2007
The insurer said that it expects to make "better-than-expected" progress toward the new target and revised it original 1.1 billion euros target for value of new business (VNB).
Additionally, ahead of a two-day investor and analyst conference in New York, Aegon said that it remained confident in its U.S. investment portfolio and reiterated that it had no impairments to its subprime-backed asset portfolio.
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