NEW YORK, NY --
THE HAGUE, The Netherlands , May 15, 2014 /PRNewswire/ --
Solid business growth drives higher underlying earnings before tax Underlying earnings up 7% to EUR 498 million , driven by growth, higher equity markets and lower holding leverage cost, partly offset by unfavorable exchange rates Fair value items loss of EUR 116 million , mainly due to hedging programs without accounting match Net income up strongly to EUR 392 million Return on equity increases to 8.4% Strong sales growth driven by pensions, variable annuities and asset management Gross deposits up 35% to EUR 13.5 billion , driven by pensions and variable annuities in US and asset management; net deposits impacted by transfer of Polish pension assets and replacement of a large investment mandate Life sales down 8% to EUR 459 million ; growth in US more than offset by lower UK sales post-RDR Increase of 17% to
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