AEGON N.V.
THE HAGUE, December 6, 2011 -
Opening AEGON's annual Analyst and Investor Conference in New York later today, CEO Alex Wynaendts will reaffirm the company's financial targets, first announced last February, and detail the steps AEGON is taking to secure a leading position in each of its chosen markets.
THE HAGUE, Netherlands, November 24, 2011 -
AEGON completed the sale of its UK-based Guardian life and pension business for a total cash consideration of GBP 275 million to Cinven, a European private equity group.
THE HAGUE, The Netherlands, November 10, 2011 -
Underlying earnings before tax of EUR 361 million
Compared with Q3 2010, earnings included the positive effect of updated assumptions (EUR 35 million) offset by effects of lower equity markets and interest rates (EUR 49 million), unfavorable currency movements
(EUR 32 million) and higher provisioning for longevity (EUR 24 million)
Fair value items recorded a loss of EUR 288 million
Decision to lower interest rates assumptions resulted in charge of EUR 168 million
Other fair value items recorded EUR 120 million in losses due to lower interest rates and equity markets, spread widening and increased volatility
Hedging programs performed well; higher reserve requirements fully offset by hedging results
Net income amounts to EUR 60 million
Return on equity of 6.9%, or 8.1% excluding run-off businesses
Strong gross deposits of EUR 10.5 billion; record net deposits* of EUR 4.4 billion
Total sales increase 2% to EUR 1.6 billion as a result of strong deposits
New life sales decline 18% to EUR 405 million due to product repricing following continued focus on margins
Accident & health sales increase 5% to EUR 153 million mainly driven by the Americas
Record deposits driven by pensions and variable annuities in the United States
Capital position remains strong; cash flows impacted by lower interest rates
Strong capital position demonstrated by IGD solvency ratio of ~190%
Excess capital of EUR 3.4 billion, of which EUR 1.2 billion maintained at the holding - well above target
Capital base ratio increases to 73.6% - on track to achieve ratio of at least 75% by the end of 2012
Operational free cash flows of EUR (678) million; higher reserve requirements due to lower interest rates
Statement of Alex Wynaendts, CEO
"The challenging financial market conditions clearly impacted AEGON's earnings during the third quarter.
BALTIMORE, Maryland, October 7, 2011 -
The transformation of the newly-designated Transamerica Tower continued today with the first installation of the new Transamerica signage atop the waterfront landmark building at 100 Light Street. As the company announced in September, AEGON's operations in North America are coming together under the well-known Transamerica brand. In Baltimore, these operations include Monumental Life and AEGON Direct Marketing Services, currently located on Chase Street and Park Avenue respectively.
THE HAGUE, The Netherlands, September 29, 2011 -
AEGON's business in The Netherlands is bringing forward plans to make the company more agile and better positioned to respond to changing conditions and opportunities in the Dutch market.
More News
- AEGON to Sell Closed UK Life Insurance Business Guardian
- AEGON Announces Q2 2011 net Income of EUR 404 Million
- AEGON CEO Interviewed on Q2 2011 Results
- AEGON Completes Divestment of Transamerica Reinsurance
- Arthur Docters van Leeuwen Steps Down From AEGON N.V. Supervisory Board
- AEGON Details Strategy to Deliver Sustainable Earnings Growth
- AEGON Completes Repayment to Dutch State
- Press Statement AEGON Regarding Harbor Workers
- Embedded Value Life Insurance Increases to EUR 25.8 Billion
- All Resolutions of the Annual General Meeting of Shareholders Adopted
- Underlying earnings growth in Americas and New Markets offset by declines in UK and Netherlands
- AEGON to Divest Transamerica Reinsurance to SCOR
- Not for Distribution in the USA
- Nominations Executive Board and Supervisory Board AEGON N.V.
- AEGON's 2010 Form 20-F and Annual Report Available
- AEGON Repurchased EUR 750 Million of Core Capital Securities]
- Otto Thoresen to Join Association of British Insurers as Director General
- Strong Earnings, Sales and Capital Position
- AEGON to Launch Equity Issue of 10%
- AEGON Completes 10% Equity Issue
- AEGON Supervisory Board Member Cecelia Kempler to Resign
- Sharpened Focus on Core Activities and Capturing Efficiencies in US
- Decision to Wind-Down BOLI/COLI Business
- AEGON Improves Earnings, Sales and Capital Position
- Not for Distribution in the USA
- AEGON Appoints Global Head of Sustainability
- AEGON Repays EUR 500 Million of Government Support
- AEGON Concludes Approval Process With European Commission
- AEGON Posts Strong Results for Second Quarter 2010
- Sarah Russell Appointed CEO of AEGON's Global Asset Management Business
- Not for Distribution in the USA
- AEGON Appoints Global Head of Human Resources
- AEGON Takes Steps to Sharpen Focus on Core Activities
- AEGON Strategy Update
- AEGON Appoints Clare Bousfield Chief Financial Officer in the UK