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Aegon NV (AEGN.AS)

AEGN.AS on Amsterdam Stock Exchange

9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Aegon divests remaining part of UK annuity portfolio
Monday, 23 May 2016 02:00am EDT 

Aegon NV : Announces sale of 3 billion pound ($4.35 billion) annuity liabilities to Legal & General . Expected solvency II capital release following completion of transaction announced today is approximately 275 million pounds . Aegon will initially reinsure 3 billion pounds of liabilities to Legal & General followed by a part VII transfer . Aegon expects annual capital generation from its UK operations to be reduced by approximately 30 million pounds (38 million euros) as a result of transaction . Underlying earnings before tax are expected to be reduced by approximately 16 million pounds (20 million euros) per annum .Reinsurance transaction is expected to result in an IFRS loss of approximately 215 million pounds (273 million euros), which will be reported in other charges in Q2 of 2016.  Full Article

Aegon Q1 underlying earnings increase to 462 million
Thursday, 12 May 2016 01:30am EDT 

Aegon NV : Q1 underlying earnings increase to 462 million euro (Reuters poll: 471 million euro) . Q1 net income down to 143 million euro ($163.3 million) . Q1 new life insurance sales down 11 pct to 266 million euro driven by lower sales in Asia and Poland . Solvency II ratio declines to about 155 pct on a pro forma basis . Q1 sales of 3.56 billion euro versus 2.63 billion euro a year ago . Q1 return on equity of 7.3 pct . Impairments were 36 million euro for quarter and primarily related to investments in energy industry in United States .Anticipates US deparment of labor fiduciary rule to have a short-term negative impact on variable annuity sales of approximately 10 pct - 20 pct.  Full Article

Aegon to acquire Blackrock’s UK Defined Contribution platform and administration business
Monday, 2 May 2016 08:00pm EDT 

Aegon NV:Aegon to acquire Blackrock’s UK Defined Contribution platform and administration business.Aegon to acquire approximately 12 billion pounds (about 15 billion euros) of assets and 350,000 customers.  Full Article

Aegon sells majority of UK annuity portfolio to Rothesay Life
Monday, 11 Apr 2016 02:06am EDT 

Aegon NV:Sells majority of UK annuity portfolio to Rothesay Life.Under terms of agreement, Aegon will reinsure 6 billion pounds of liabilities to Rothesay Life.Expected impact of transaction on 2016 underlying earnings before tax is around 20 million pounds.  Full Article

Aegon announces second tranche of 400 mln euro share buyback program
Thursday, 31 Mar 2016 08:00pm EDT 

Aegon NV:Aegon announces second tranche of 400 million euro ($455.1 million) share buyback program.Is announcing start of second tranche of 200 million euro, which will be completed by May 31, 2016.First tranche of 200 million euro was completed on March 31, 2016 during which one it repurchased 41.1 million shares at an average repurchase price of 4.87 per share.  Full Article

Aegon proposes FY 2015 final dividend
Wednesday, 13 Jan 2016 02:13am EST 

Aegon NV:Proposes FY 2015 final dividend per share of 0.13‍​ euro.  Full Article

Aegon raises stake in ARLI to 49 pct
Monday, 7 Dec 2015 11:21am EST 

Aegon NV:Has increased its investment in Aegon Religare Life Insurance Company Ltd. (ARLI) from to 49 pct from 26 pct.  Full Article

Aegon places 750 mln euro conditional pass-through covered bond
Tuesday, 24 Nov 2015 12:30pm EST 

Aegon NV:Aegon places inaugural 750 million euro conditional pass-through covered bond.Priced its inaugural 5-year, 750 million conditional pass-through covered bonds at 8 basis points over mid swaps.Effective yield of 0.267 pct.  Full Article

Aegon NV acquires Mercer's US defined contribution record-keeping business
Friday, 25 Sep 2015 02:00am EDT 

Aegon NV:Says through an affiliate of its Transamerica unit, has reached an agreement with Mercer HR Services, LLC.To acquire Mercer's US defined contribution administration book of business.Transaction is expected to close in the fourth quarter of 2015.Transaction is not expected to have a material positive effect on Aegon's earnings in 2016.  Full Article

Aegon proposes interim dividend of 0.12 euros per share
Thursday, 13 Aug 2015 01:28am EDT 

Aegon NV:Interim dividend increases to 0.12 euros per share (interim dividend FY 2014: 0.11 euros per share).  Full Article