Updated from 3:16 a.m. EDT
THE HAGUE, the Netherlands (
, the Dutch firm that owns U.S. insurer
, reported a second-quarter loss of 161 million euros ($229.6 million), owing partly to a loss on the sale of its Taiwanese life insurance operations and impairments related to the U.S. housing market.
Aegon, in a separate statement Thursday, also said it planned to sell up to 1 billion euros in stock to repay part of a capital injection of 3 billion euros it received from the Dutch state.
The loss in the second quarter was a swing from year-earlier profit of 276 million euros. The latest second quarter included a loss of 385 million euros from the sale of the Taiwan operations and impairments of 393 million euros, about half from assets related to the U.S. housing market.
Stripping out those losses, operating earnings in the quarter would have been 373 million euros, vs. earnings of 644 million euros in a year earlier.
CEO Alex Wynaendts said the company had "solid retail sales in the United States," where the bulk of its business is located.
Aegon said it wouldn't pay an interim dividend in order to preserve capital.
Meanwhile, British insurer
on Thursday said its net loss narrowed by 74% in the first half of 2009, helped by a strong rise in U.S. sales.
The loss of 129 million pounds ($213.6 million) in the first half compared with a 355 million pounds loss in the first half of 2008.
Mark Tucker, the group's chief executive, said in a statement that performance improved because of a focus on capital conservation and expanding sales.
Its U.S. sales were the best in the company's history, Tucker said.
-- Reported by Joseph Woelfel in New York
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