AEGON Changes Accounting Principles Relating to Guarantees in the Netherlands.
PR Newswire Europe, July, 2007
THE HAGUE, The Netherlands, July 24 /PRNewswire/ -- Starting with the second quarter of 2007, AEGON (NYSE: AEG , LSE: AGN) will change the accounting principles it uses to value guarantees on certain products in the Netherlands. This change will ensure AEGON's financial statements better reflect the economic matching of its assets and liabilities.
Jos Streppel, CFO of AEGON, said: "We believe that this change in accounting principles will increase the transparency of our financial results. It should enhance the ability of investors, analysts and other interested parties to judge the economic performance of our businesses. The change is also a helpful interim step toward the same fair value approach we are seeing with both IFRS II and Solvency II."...
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