Origen and PosSol post £2m Q2 losses

Year-to-date losses for the pair stand at £4m, up from a £5m deficit recorded in the same period last year. Aegon says the losses were limited by improved business performance and market conditions, adding restructuring measures at Origen, which led to 72 job losses, also contributed. In the final three months of 2009, the distribution businesses lost a combined £8m. "Given the losses previously recorded, these results are being seen as significant progress," Aegon spokesperson Lesley McPherson says. Elsewhere, Aegon saw a 29% rise in UK life sales during the second quarter of ...