Aegon posts positive Q1 figures and plans acquisition

"The net profit amounted to zł.5.5 million," informed Aegon president, Michał Biedzicki, during a press conference organized yesterday. He went on to say that during the whole of 2006 this sum should grow to over zł.10 million. Company representatives are happy with the results, as the initial assumptions envisaged the first profits to come in 2007. Aegon, which entered the domestic market by purchasing sector competitor Nationwide last year, chiefly sells investment products, the premiums of which are located in investment funds. The gross value of premiums in Q1 amounted to zł.391.1 million, as compared to zł.191.7 million a year earlier. Biedzki also revealed that the company is considering several take-over opportunities in Poland. However, he declined from disclosing the names of the potential acquisitions. (Puls Biznesu, p. 12) A.K.