The head office of Dutch financial insurance company Aegon is seen in The Hague, October 28, 2008.
Dutch insurer Aegon tapped into government funding on Tuesday, taking 3 billion euros ($3.7 billion) to strengthen its capital base eroded by investment losses and exposure to risky investments.
REUTERS/Stringer/File Photo Acquire Licensing RightsNov 16 (Reuters) - Dutch Insurer Aegon (AEGN.AS) raised its annual capital generation forecast on Thursday after topping third-quarter expectations on the same metric, driven by a strong performance in the key U.S. market.
The company expects operating capital generation from its units to be around 1.2 billion euros ($1.3 billion) this year, compared with a prior target of more than 1 billion.
Aegon's Americas region, which mostly consists of its U.S. business, represented two-thirds of the group's operating capital generation in the quarter.
Persons:
Stringer, Matt Rider, Rider, Gaelle Sheehan, Victor Goury, Milla Nissi, Christopher Cushing
Organizations:
Aegon, REUTERS, U.S, Metlife, World Financial, Reuters, Thomson
Locations:
The Hague, Eastern, U.S, Americas, Netherlands, Laffont, Gdansk