Dutch insurance group Aegon on Thursday announced net profit in the second quarter of 2013 was 243 million euros (324 million U.S. dollars), a decline of two percent compared with the same period last year.

The profit figure was, according to the Dutch company impacted by"fair value losses mainly due to higher equity markets, increased equity market volatility and rising interest rates".

Underlying earnings before tax increased by 5 percent to 478 million euros. According to a statement by Aegon this result was reached due to "positive effects of business growth and favorable equity markets partly offset by restructuring in Spain and unfavorable currency exchange rates".

The sales of Aegon rose by 23 percent to a total 1.97 billion euros, compared to 1.6 billion euros in the same period in 2012. Sales of new life insurances increased by 21 percent, to 520 million euros, while accident and health and general insurance sales decreased by seven percent to 187 million euros due to the termination of certain distribution partnerships.

Aegon also stated it is on track to achieve its targets for 2015. The aim is to "double the proportion of earnings generated from fee-based businesses to 30 to 35 percent, as well as to achieve operational free cash flows of between 1.3 and 1.6 billion euros by 2015." Endi

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