Aegon Reports 2.1% Decline In Q2 Net Profit

Aegon NV AEG reported a 2.1% drop in its second-quarter net profit. Aegon's quarterly net profit declined to 403 million euros ($575 million), from euro413 million, in the year-ago period. Its revenue dropped 12% to 7.03 billion euros. The group's underlying pretax earnings fell 17% to 401 million euros. Aegon shares fell 7.64% to close at $4.23 yesterday.