Aegon "on track" with plans for reinsurance arm, claims CEO

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Dutch insurance giant Aegon this morning reported that underlying earnings before tax increased by 21% year-on-year to €473 m in the third quarter of 2010.

Net income improved to €657 m, driven mainly by underlying earnings, fair value items and lower impairments, Aegon added.

The group said new life sales were up 7% to €527 m, driven by increased sales

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