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AEGON swings to Q2 profit from year-ago loss

AEGON NV reported second-quarter unaudited net income of €529 million, compared to a loss of €385 million in the year-ago period.

Pretax underlying earnings stood at €535 million, up from the year-ago €435 million. The company said the increase was driven by improved claims experience and higher fee income from favorable equity markets.

More details to follow.