Key Developments: Aegon NV (AEG.N)

AEG.N on New York Stock Exchange

17 Oct 2014
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$0.20 (+2.67%)
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Latest Key Developments (Source: Significant Developments)

Aegon NV agreement to sell its canadian life insurance business
Thursday, 16 Oct 2014 02:00am EDT 

Aegon NV:Says that it has reached an agreement with Wilton Re to sell its Canadian operations for C$600 million (423 million euro).Says the net underlying earnings of Aegon's Canadian operations were C$26 million over the trailing four quarters ending June 2014, while its shareholders' equity excluding revaluation reserves on an IFRS basis amounted to C$1.8 billion at the end of June 2014.Says as a result, the sale price represents a multiple of 23 times net underlying earnings.Says the transaction is expected to result in a book loss of about C$1.2 billion (0.8 billion euro).  Full Article

Aegon NV to pay FY 2014 interim dividend
Wednesday, 13 Aug 2014 08:00pm EDT 

Aegon NV:To pay gross FY 2014 interim dividend of 0.11 euro per share.Option for payment of dividend in shares open from Aug. 27 to Sept. 12.Record date: Aug. 25.Ex-date: Aug. 21.Payment date and listing of new shares: Sept. 19.  Full Article

Aegon NV announces pricing of 700 mln euros subordinated notes
Thursday, 17 Apr 2014 11:13am EDT 

Aegon NV:Pricing of an offering of 700 mln euros subordinated notes, first callable on April 25, 2024 and maturing on April 25, 2044.Net proceeds will be used for general corporate purposes, including the potential refinancing of outstanding debt.  Full Article

Aegon NV declares final FY 2013 dividend-NYSE Euronext
Wednesday, 19 Feb 2014 07:00pm EST 

Aegon NV:Declares final dividend of 0.11 euro gross per share (0.0935 euro net) for FY 2013-NYSE Euronext.Dividend is payable in cash or shares.Ex-date May 23.Payment date June 20.  Full Article

Aegon NV updates on FY 2014 earnings guidance - Conference Call
Wednesday, 22 Jan 2014 08:00am EST 

Aegon NV:Sees that FY 2014 accounting changes will decrease underlying earnings by about 50 million euro in the near term.FY 2014 EPS of $0.69, Net Income of $1.602 billion and EBITDA of $1.936 billion - Thomson Reuters I/B/E/S Estimates.  Full Article

Aegon NV to implement accounting changes
Wednesday, 22 Jan 2014 02:00am EST 

Aegon NV:Says changes to its accounting policies related to deferred policy acquisition costs and longevity reserves as of Jan. 1.Says these changes improve the consistency, comparability and transparency of Aegon's financial results and will be applied beginning with the first quarter 2014 condensed consolidated interim financial statements.Says the retrospective adoption of these two accounting changes is expected to decrease shareholders' equity by between 2.2 bln euros and 2.5 bln euros at Jan. 1.Estimates that these accounting changes will increase underlying earnings before tax by about 80 mln euros in 2014.  Full Article

Fitch Affirms Aegon NV At IDR A - Reuters
Monday, 21 Oct 2013 11:14am EDT 

Reuters reported that Fitch Ratings has affirmed Aegon N.V.'s (Aegon) Long-term Issuer Default Rating (IDR) at A and senior unsecured debt at A-. Fitch has also affirmed Aegon's primary North American life insurance subsidiaries' (Aegon Americas) Insurer Financial Strength (IFS) ratings at AA-. The Outlooks on Aegon's Long-term IDR and the IFS ratings of its primary North American life insurance subsidiaries are Negative.  Full Article

Aegon NV To Repurchase Shares To Neutralize Stock Dividend
Monday, 16 Sep 2013 08:00pm EDT 

Aegon NV announced that it will repurchase approximately 19 million common shares to neutralize the dilutive effect of the 2013 interim dividend paid in shares. Approximately 55% of shareholders have elected to receive the cash dividend. The remaining 45% have opted for stock dividend. As a result, 19,047,358 new common shares were issued on September 13, 2013.  Full Article

Aegon NV Declares Interim Dividend
Wednesday, 7 Aug 2013 01:30am EDT 

Aegon NV announced an interim dividend amounts to EUR0.11 per common share. Aegon's shares will be quoted ex-dividend on August 15, 2013. The record date is August 19, 2013. The dividend will be payable as of September 13, 2013.  Full Article

Banco de Sabadell SA Buys Aegon NV's Share Of Insurance JV For EUR449.5 Million-DJ
Friday, 19 Jul 2013 12:19pm EDT 

Dow Jones reported that Banco de Sabadell SA said that it has agreed to buy the 49.99% it doesn't already own of Mediterraneo Vida, a bankassurance joint venture with Dutch insurer Aegon NV, for EUR449.5 million ($588.96 million). Mediterraneo Vida was the bankassurance business of Caja de Ahorros del Mediterraneo, a troubled bank that Sabadell took over last year after CAM had been bailed out and cleaned up.  Full Article

Fitch: No Rating Impact on Wilton Re from Aegon Canada Acquisition Announcement

(The following statement was released by the rating agency) CHICAGO, October 16 (Fitch) Fitch Ratings has taken no rating action on Wilton Re Ltd. or any of its insurance subsidiaries (collectively Wilton Re) following today's announcement that the company signed a definitive agreement to acquire 100% of the common stock of Aegon Canada ULC (Aegon Canada), a wholly owned subsidiary of Aegon N.V. As part of the agreement, Wilton Re will acquire almost $8 billion of net reserves. The transact

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