Aegon Q4 Net Profit Drops 60%

Dutch insurer Aegon NV AEG reported a 60% drop in its fourth-quarter net profit. Aegon's quarterly net profit fell to 174 million euros ($239 million), from a year-ago profit of EUR431 million. Its underlying pretax profit climbed 7% to EUR491 million. Aegon shares closed at $9.18 yesterday.