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By Bill Atkinson and Bill Atkinson,SUN STAFF | May 16, 1996
Dutch insurance giant Aegon N.V., which operates its U.S. headquarters from Baltimore, said yesterday that earnings grew by 12.6 percent in the first quarter as worldwide operations hit on all cylinders.Aegon earned 325.6 million guilders in the quarter, or $198 million, and net income per share rose 11.8 percent to 1.23 guilders or 75 cents.Based in the Netherlands, Aegon operates Monumental Life Insurance Co. and Monumental General Insurance Group, which employ about 900 people in Maryland.
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 4, 1999
Aegon NV, Europe's second-largest insurer, said yesterday that its net income rose 11.7 percent, fueled partly by its rapidly growing American operations, which are based in Baltimore.The Dutch company made $400 million, or 758 million guilders, in the fourth quarter, which ended Dec. 31, compared with net income of $358 million, or 707 million guilders.Net income for the full year increased 22.6 percent to $1.385 billion, or 2.748 billion guilders.Kees Storm, Aegon's executive board chairman, said the results "demonstrate the healthy earnings capacity of our existing units."
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BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | August 23, 1996
Aegon N.V., the big Dutch insurer that operates its U.S. operations out of Baltimore, said yesterday that its earnings rose more than 9 percent to $226 million in the second quarter ended June 30, compared with the same quarter a year ago.Net income jumped 11.3 percent to $424 million for the first half of the year. The company earned 711.1 million guilders for the same period, up 15.7 percent from the same period in 1995."It is one of those periods where the numbers kind of speak for themselves," said Robert McGraw, Aegon's senior vice president and group treasurer.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | August 14, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in BTC Baltimore, said yesterday that its second quarter net income rose about 25 percent in U.S. dollars as the company continued to benefit from its acquisition of Providian Corp.Net income for the quarter was $328 million, up from $262 million in the year-ago quarter. Net income per share was 56 cents, up 17 percent from 48 cents a year earlier, as revenue increased 32 percent, to $4.58 billion from $3.47 billion.The company said that in the six-month period, the Providian acquisition boosted net income per share by about 16 percent, while it more than doubled total income from the Americas to $470 million.
BUSINESS
By David Conn and David Conn,Sun Staff Writer Bloomberg Business News contributed to this article | April 1, 1995
AEGON N.V., the Dutch-based parent of Baltimore insurer Monumental General Insurance Group, posted a better-than-expected earnings increase in 1994, thanks to a strong showing in the fourth quarter.The company said yesterday that it earned $632 million (1.2 billion Netherlands guilders) last year, 17 percent higher than the $541 million earned in 1993.L Earnings per share rose to $6.15, from $5.20 a year earlier.AEGON had told analysts this week to expect earnings more than 12 percent higher than 1993's.
BUSINESS
By Patricia Horn and Patricia Horn,Sun Staff Writer | August 27, 1994
Aegon NV, the Dutch insurance giant whose U.S. operations are headquartered in Baltimore, announced yesterday that its first-half net profit rose more than 10 percent, to 550.7 million guilders ($317.7 million) from 497 million guilders a year earlier.Earnings per share rose to 5.36 guilders ($3.09) from 4.91 guilders in the first half of 1993.Analysts said that the strong results solidified the company's reputation as a market leader.Aegon is the "best life insurance company in the world," said Michael J. Morrissey, chairman of the Firemark Group, an insurance investment firm based in Parsippany, N.J. Aegon's return on equity and its net income growth have "consistently done better than the life insurance industry on the whole."
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | August 14, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in BTC Baltimore, said yesterday that its second quarter net income rose about 25 percent in U.S. dollars as the company continued to benefit from its acquisition of Providian Corp.Net income for the quarter was $328 million, up from $262 million in the year-ago quarter. Net income per share was 56 cents, up 17 percent from 48 cents a year earlier, as revenue increased 32 percent, to $4.58 billion from $3.47 billion.The company said that in the six-month period, the Providian acquisition boosted net income per share by about 16 percent, while it more than doubled total income from the Americas to $470 million.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | May 16, 1997
Aegon N.V., an international insurance company that has its U.S. headquarters in Baltimore, said its first-quarter profit soared by 24 percent, propelled by a savings boom in its Dutch home and by life and casualty insurance earnings in the United States.Aegon's business is improving so much that the company also boosted its profit-increase forecast for this year from 10 percent to 12 percent over last year to 15 percent.Besides better operating profits, favorable exchange rates and healthy stock markets also are helping, said Aegon Chairman Kees Storm.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | March 4, 1999
Aegon NV, Europe's second-largest insurer, said yesterday that its net income rose 11.7 percent, fueled partly by its rapidly growing American operations, which are based in Baltimore.The Dutch company made $400 million, or 758 million guilders, in the fourth quarter, which ended Dec. 31, compared with net income of $358 million, or 707 million guilders.Net income for the full year increased 22.6 percent to $1.385 billion, or 2.748 billion guilders.Kees Storm, Aegon's executive board chairman, said the results "demonstrate the healthy earnings capacity of our existing units."
BUSINESS
November 19, 1993
U.S. jobless claims fell last weekThe number of Americans filing first-time claims for jobless benefits fell by 20,000 last week, erasing the previous week's jump that had lifted claims to a 15-week high, the government said yesterday. The Labor Department said new applications for unemployment insurance totaled 338,000, down from a revised 358,000 during the week ended Nov. 6.In Maryland, new jobless claims were slightly down to 5,135 for the week that ended Nov. 6, from 5,170 for the week before, the state's Department of Economic and Employment Development said yesterday.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF | May 16, 1997
Aegon N.V., an international insurance company that has its U.S. headquarters in Baltimore, said its first-quarter profit soared by 24 percent, propelled by a savings boom in its Dutch home and by life and casualty insurance earnings in the United States.Aegon's business is improving so much that the company also boosted its profit-increase forecast for this year from 10 percent to 12 percent over last year to 15 percent.Besides better operating profits, favorable exchange rates and healthy stock markets also are helping, said Aegon Chairman Kees Storm.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | August 23, 1996
Aegon N.V., the big Dutch insurer that operates its U.S. operations out of Baltimore, said yesterday that its earnings rose more than 9 percent to $226 million in the second quarter ended June 30, compared with the same quarter a year ago.Net income jumped 11.3 percent to $424 million for the first half of the year. The company earned 711.1 million guilders for the same period, up 15.7 percent from the same period in 1995."It is one of those periods where the numbers kind of speak for themselves," said Robert McGraw, Aegon's senior vice president and group treasurer.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 16, 1996
Dutch insurance giant Aegon N.V., which operates its U.S. headquarters from Baltimore, said yesterday that earnings grew by 12.6 percent in the first quarter as worldwide operations hit on all cylinders.Aegon earned 325.6 million guilders in the quarter, or $198 million, and net income per share rose 11.8 percent to 1.23 guilders or 75 cents.Based in the Netherlands, Aegon operates Monumental Life Insurance Co. and Monumental General Insurance Group, which employ about 900 people in Maryland.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF Bloomberg Business News contributed to this report | March 30, 1996
Aegon NV, a Dutch insurance company with its U.S. headquarters in Baltimore, said its worldwide profit rose by 14.9 percent in guilders last year as all of its business lines produced stronger results.Life insurance showed especially robust profits, helping the company compensate for negative effects of a strong guilder.In trading on the New York Stock Exchange yesterday, Aegon equity securities rose to $47.38 per share, up $1.63.Aegon employs about 900 people in Maryland, where its Aegon USA unit operates Monumental Life Insurance Co. and Monumental General Insurance Group.
BUSINESS
By David Conn and David Conn,Sun Staff Writer Bloomberg Business News contributed to this article | April 1, 1995
AEGON N.V., the Dutch-based parent of Baltimore insurer Monumental General Insurance Group, posted a better-than-expected earnings increase in 1994, thanks to a strong showing in the fourth quarter.The company said yesterday that it earned $632 million (1.2 billion Netherlands guilders) last year, 17 percent higher than the $541 million earned in 1993.L Earnings per share rose to $6.15, from $5.20 a year earlier.AEGON had told analysts this week to expect earnings more than 12 percent higher than 1993's.
BUSINESS
November 12, 1994
St. Joseph cuts 17 managerial jobsSt. Joseph Medical Center in Towson has eliminated 17 managerial jobs as part of a "restructuring" program intended to improve the hospital's efficiency and competitiveness.The center laid off eight people Thursday -- 10 percent of the managerial staff -- and eliminated six budgeted but unfilled positions. Three people took early retirement, and six were reassigned.The changes will save $1.2 million, according to St. Joseph officials, who said more layoffs are possible in the future.
BUSINESS
May 12, 1994
SciClone denies seeking Alpha 1SciClone Pharmaceuticals Inc. says it is not interested in buying partner Alpha 1 Biomedicals Inc., after the two companies reached terms to settle their yearlong dispute over a hepatitis drug.While SciClone owns 15.8 percent of Bethesda-based Alpha 1 and plans to increase its stake to 20 percent percent, it said it has no plans for a takeover bid. Alpha 1 licensed its hepatitis-B drug to SciClone, and the two are working to bring the drug to market."The reason we took the stake was to ensure Alpha 1's management was responsive to the development of the drug," said Mark Culhane, SciClone's director of finance.
BUSINESS
April 1, 1994
Mortgage rates rise above 8%For the first time in more than a year, the average interest rate nationally on 30-year, fixed-rate mortgages has risen above 8 percent, the Federal Home Loan Mortgage Corp. said yesterday.The average rate of 8.04 percent for the current week is the highest since the week that ended Jan. 15 last year, when it was at the same level, and compares with 7.80 percent the previous week.Hagerstown yogurt plant closingGeneral Mills Inc. will close its Colombo yogurt processing plant in Hagerstown, leaving 34 workers jobless, company officials said.
BUSINESS
By Patricia Horn and Patricia Horn,Sun Staff Writer | August 27, 1994
Aegon NV, the Dutch insurance giant whose U.S. operations are headquartered in Baltimore, announced yesterday that its first-half net profit rose more than 10 percent, to 550.7 million guilders ($317.7 million) from 497 million guilders a year earlier.Earnings per share rose to 5.36 guilders ($3.09) from 4.91 guilders in the first half of 1993.Analysts said that the strong results solidified the company's reputation as a market leader.Aegon is the "best life insurance company in the world," said Michael J. Morrissey, chairman of the Firemark Group, an insurance investment firm based in Parsippany, N.J. Aegon's return on equity and its net income growth have "consistently done better than the life insurance industry on the whole."
FEATURES
By New York Times News Service | May 15, 1994
International passengers traveling through Amsterdam Airport Schiphol may now obtain value-added tax refunds there on purchases made in any of the 12 countries of the European Union. The airport is among the most recent to offer the service, which is also available at airports in other European cities.Formerly only departing passengers were able to collect their refunds, and only on merchandise bought in the Netherlands. The new arrangement allows even those who are just changing planes in Amsterdam to complete this transaction.
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