Aegon Turns To Profit In Q3; Names Mark Mullin CEO Of AEGON Americas - Quick Facts2

Aegon NV (AEG) reported third quarter net income of EUR 145 million or EUR 0.06 per share, compared to net loss of EUR 329 million or EUR 0.25 per share last year.

Net underlying earnings were EUR 309 million, down from EUR 363 million in the same period last year.

Total revenues declined to EUR 7.03 billion from EUR 8.15 billion in the prior year quarter.

Separately, AEGON announced the appointment of Mark Mullin as CEO of AEGON Americas and member of the AEGON Management Board to succeed Pat Baird, who retires January 1, 2010.

As President and CEO of AEGON Americas, Mullin will have responsibility for AEGON's operations in the United States, Canada, Mexico and Brazil. Mullin will also serve on AEGON's Management Board. In this capacity, Mullin will assume the added responsibility for AEGON's global life reinsurance activities. Baird's Management Board responsibility for the Asia-Pacific region will be taken over by Wynaendts.

by RTTNews Staff Writer

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