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Aegon NV (AED)

AED on New York Consolidated

26.12USD
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Wolters Kluwer says ‍Aegon chooses co's OneSumX for Operational Risk for its operational risk mgmt​
Monday, 13 Nov 2017 04:30am EST 

Nov 13 (Reuters) - WOLTERS KLUWER NV ::‍AEGON CHOOSES WOLTERS KLUWER'S ONESUMX FOR OPERATIONAL RISK FOR ITS OPERATIONAL RISK MANAGEMENT​.  Full Article

Aegon Q3 income before tax up at 618 million euros, above consensus
Thursday, 9 Nov 2017 01:30am EST 

Nov 9 (Reuters) - AEGON NV ::Q3 RETURN ON EQUITY 8.9 PERCENT VERSUS 7.7 PERCENT YEAR AGO‍​.Q3 INCOME BEFORE TAX OF EUR ‍​618 MILLION VERSUS EUR 366 MILLION IN REUTERS POLL.Q3 NET UNDERLYING EARNINGS OF EUR ‍​412 MILLION VERSUS EUR 349 MILLION YEAR AGO.Q3 SOLVENCY II RATIO INCREASES BY 10%-POINTS COMPARED WITH LAST QUARTER TO 195%.‍​.Q3 UNDERLYING EARNINGS BEFORE TAX EUR ‍​ 556 MILLION VERSUS EUR 461 MILLION IN REUTERS POLL.UNDERPINS TARGET TO RETURN EUR 2.1 BILLION OF CAPITAL TO SHAREHOLDERS OVER THE PERIOD 2016 TO 2018.Q3 GROSS DEPOSITS INCREASE BY 65% TO EUR 41 BILLION ‍​.Q3 NET INCOME EUR ‍​ 469 MILLION VERSUS EUR 274 MILLION IN REUTERS POLL.Q3 GROSS FINANCIAL LEVERAGE RATIO IMPROVES BY 20 BASIS POINTS SEQUENTIALLY TO 29.2%.Q3 SALES EUR ‍​ 4.45 BILLION VERSUS EUR 2.90 BILLION YEAR AGO.ON AMERICAS: IS WELL ON TRACK TO ACHIEVE USD 150 MILLION RUN-RATE EXPENSE SAVINGS BY END OF 2017‍​.Q3 GROSS DEPOSIT GROWTH PUTS CO IN STRONG POSITION FOR CONTINUED GROWTH.Q3 NEW LIFE SALES EUR ‍​202 MILLION VERSUS EUR 219 MILLION YEAR AGO.ON AMERICAS: WILL IMPLEMENT FURTHER EXPENSE SAVINGS INITIATIVES IN COMING QUARTERS.ON AMERICAS: FURTHER EXPENSE SAVINGS INITIATIVES TO ACHIEVE $300 MILLION RUN-RATE EXPENSE SAVINGS TARGET BY END 2018.Q3 REUTERS POLL: INCOME BEFORE TAX EUR 366 MILLION; NET INCOME EUR 274 MILLION.Q3 REUTERS POLL: UNDERLYING EARNINGS BEFORE TAX EUR 491 MILLION.  Full Article

Aegon announces share repurchase to neutralize 2016 final and 2017 interim stock dividends
Thursday, 28 Sep 2017 11:51am EDT 

Sept 28 (Reuters) - Aegon Nv ::Announces repurchase of shares to neutralize 2016 final and 2017 interim stock dividends.Will repurchase 51.9 million common shares to neutralize dilutive effect of 2016 final and 2017 interim stock dividends​.Repurchase will commence on October 2, 2017, and are expected to be completed on or before December 15, 2017​.  Full Article

Aegon Q2 income before tax returns to profit at 757 million euros, beating Reuters poll
Thursday, 10 Aug 2017 01:11am EDT 

Aug 10 (Reuters) - AEGON NV : :PUBLISHES Q2 RESULTS.Q2 SALES EUR ‍​3.94 BILLION VERSUS EUR 2.77 BILLION YEAR AGO.Q2 UNDERLYING EARNINGS BEFORE TAX EUR 535 MILLION VERSUS EUR 505 MILLION IN REUTERS POLL.CONFIDENCE IN OUR ABILITY TO RETURN 2.1 BILLION EURO TO SHAREHOLDERS OVER THE PERIOD 2016 TO 2018 - CEO‍​.Q2 NET INCOME EUR 529 MILLION VERSUS LOSS EUR 385 MILLION YEAR AGO.Q2 RETURN ON EQUITY WAS 8.4 PERCENT VERSUS 6.8 PERCENT YEAR AGO.AEGON NV Q2 REUTERS POLL: UNDERLYING EARNINGS BEFORE TAX EUR 505 MILLION; REALIZED GAINS ON INVESTMENTS EUR 54.0 MILLION.AEGON NV Q2 REUTERS POLL: NET INCOME EUR 9.8 MILLION; LOSS BEFORE TAX EUR 61.0 MILLION.Q2 REALIZED GAINS ON INVESTMENTS EUR 111 MILLION VERSUS EUR 54.0 MILLION IN REUTERS POLL.AEGON NL IS EXPECTED TO RESUME DIVIDEND PAYMENTS, STARTING WITH A 2017 DIVIDEND OF EUR 100 MILLION IN 1H 2018 ‍​.INTERIM DIVIDEND OF EUR 0.13 PER SHARE. RECONFIRMING TARGET TO RETURN EUR 2.1 BILLION OF CAPITAL OVER 2016–2018.GROUP SOLVENCY RATIO OF 185% AS OF JUNE 30, 2017, INCLUDING BENEFIT FROM AMENDED CONVERSION METHODOLOGY.Q2 TOTAL GROSS DEPOSITS EUR 34.84‍​ BILLION VERSUS EUR 22.95 BILLION YEAR AGO.Q2 INCOME BEFORE TAX IS PROFIT OF EUR 757 MILLION VERSUS LOSS OF EUR 61.0 MILLION IN REUTERS POLL.  Full Article

Aegon to divest its business in Ireland
Thursday, 10 Aug 2017 01:00am EDT 

Aug 10 (Reuters) - AEGON NV ::AEGON TO DIVEST ITS BUSINESS IN IRELAND.AGREED TO SELL AEGON IRELAND PLC TO AGER BERMUDA HOLDING LTD.AEGON'S GROUP SOLVENCY RATIO IS ESTIMATED TO IMPROVE BY APPROXIMATELY 2%-POINTS AS A RESULT OF TRANSACTION.TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2018.THIS DIVESTMENT IS EXPECTED TO HAVE AN IMMATERIAL IMPACT ON UNDERLYING EARNINGS BEFORE TAX GOING FORWARD.BASED ON BOOK VALUE AS OF JUNE 30, 2017, BOOK LOSS IS EXPECTED TO AMOUNT TO APPROXIMATELY GBP 115 MILLION (EUR 125 MILLION).  Full Article

Aegon to sell Unirobe Meeus Groep
Tuesday, 8 Aug 2017 02:00am EDT 

Aug 8 (Reuters) - AEGON NV ::AEGON TO SELL UNIROBE MEEÙS GROEP.‍HAS AGREED TO SELL UNIROBE MEEÙS GROEP (UMG) TO AON GROEP NEDERLAND FOR EUR 295 MILLION​.‍DIVESTMENT WILL LEAD TO A BOOK GAIN OF APPROXIMATELY EUR 180 MILLION​.‍TRANSACTION IS EXPECTED TO RESULT IN AN INCREASE OF SOLVENCY II CAPITAL OF APPROXIMATELY EUR 225 MILLION​.DEAL ‍WILL IMPROVE SOLVENCY II RATIO OF AEGON NETHERLANDS BY AN ESTIMATED 6%-POINTS​.  Full Article

Aegon completes sale of majority of US run-off businesses
Thursday, 29 Jun 2017 02:00am EDT 

June 29 (Reuters) - AEGON NV ::AEGON COMPLETES SALE OF MAJORITY OF US RUN-OFF BUSINESSES.UNDER TERMS OF AGREEMENT, AEGON'S TRANSAMERICA LIFE SUBSIDIARIES WILL REINSURE USD 14 BILLION OF LIABILITIES TO AFFILIATES OF WILTON RE US HOLDING INC.COMPLETED ITS TRANSACTION WITH WILTON RE TO DIVEST ITS 2 LARGEST US RUN-OFF BUSINESSES, PAYOUT ANNUITY BUSINESS AND BANK OWNED / CORPORATE OWNED LIFE INSURANCE BUSINESS (BOLI/COLI).TRANSACTION AND RELATED MANAGEMENT ACTIONS ARE EXPECTED TO RESULT IN A CAPITAL RELEASE OF APPROXIMATELY USD 700 MILLION (EUR 630 MILLION) IN 2017.CAPITAL RELEASED IS EXPECTED TO BE UPSTREAMED DURING SECOND HALF OF 2017 TO HOLDING.EXPECTED TO IMPROVE TRANSAMERICA'S RETURN ON CAPITAL BY APPROXIMATELY 60 BASIS POINTS, AND IS ESTIMATED TO IMPROVE AEGON'S GROUP SOLVENCY II RATIO BY APPROXIMATELY 6%-POINTS.  Full Article

Aegon to divest majority of US run-off businesses
Monday, 22 May 2017 01:30am EDT 

May 22 (Reuters) - AEGON NV ::AEGON TO DIVEST MAJORITY OF US RUN-OFF BUSINESSES.HAS AGREED TO SELL ITS TWO LARGEST US RUN-OFF BUSINESSES, PAYOUT ANNUITY BUSINESS AND BANK OWNED / CORPORATE OWNED LIFE INSURANCE BUSINESS (BOLI/COLI), TO WILTON RE.UNDER TERMS OF AGREEMENT, AEGON'S TRANSAMERICA LIFE SUBSIDIARIES WILL REINSURE USD 14 BILLION OF LIABILITIES TO AFFILIATES OF WILTON RE US HOLDING INC.TRANSACTION AND RELATED MANAGEMENT ACTIONS ARE EXPECTED TO RESULT IN A CAPITAL RELEASE OF APPROXIMATELY USD 700 MILLION (EUR 630 MILLION) IN 2017..AS A RESULT OF ACTIONS ANNOUNCED TODAY, AEGON'S GROUP SOLVENCY II RATIO IS ESTIMATED TO IMPROVE BY APPROXIMATELY 6%-POINTS IN SECOND HALF OF 2017.AEGON EXPECTS ANNUAL CAPITAL GENERATION FROM ITS US OPERATIONS TO BE REDUCED BY APPROXIMATELY USD 30 MILLION (EUR 27 MILLION) FOLLOWING TRANSACTION.AFTER COMPLETION OF TRANSACTION AND RELATED MANAGEMENT ACTIONS, CAPITAL RELEASED FROM THIS TRANSACTION IS EXPECTED TO BE UPSTREAMED TO HOLDING.AEGON ANTICIPATES REINSURANCE TRANSACTION WILL RESULT IN A BOOK LOSS OF APPROXIMATELY USD 300 MILLION (EUR 270 MILLION), TO BE REPORTED IN OTHER CHARGES AT TIME OF CLOSING.TRANSACTION IS SUBJECT TO NORMAL REGULATORY APPROVALS AND IS EXPECTED TO CLOSE IN SUMMER OF 2017.  Full Article

Aegon Q1 underlying earnings before tax up at 488 million euros
Thursday, 11 May 2017 01:32am EDT 

May 11 (Reuters) - AEGON NV ::Q1 UNDERLYING EARNINGS BEFORE TAX EUR 488 MILLION ($530.21 MILLION) VERSUS EUR 462 MILLION YEAR AGO.Q1 NET INCOME EUR 378 MILLION VERSUS EUR 143 MILLION YEAR AGO.Q1 RETURN ON EQUITY WAS 7.2 PERCENT VERSUS 7.3 PERCENT YEAR AGO.Q1 SALES EUR 3.94 BILLION VERSUS EUR 3.56 BILLION YEAR AGO.AEGON’S SOLVENCY II RATIO REMAINED STABLE AT AN ESTIMATED 157 PCT DURING THE FIRST QUARTER.Q1 GROSS DEPOSITS INCREASE BY 13 PCT TO EUR 34 BILLION.  Full Article

Aegon clarifies its capital position in US
Friday, 17 Feb 2017 08:56am EST 

Aegon NV : Would like to clarify its capital position in United States . Manages its US capital position under multiple frameworks, of which NAIC risk-based capital (RBC) framework is considered most important one . Estimated RBC ratio amounted to 440 pct at year-end 2016, at high-end of its 350-450 pct target range .Confirms that its current Standard & Poor's capital position - contrary to certain information in market - is well above Standard & Poor's 'AA' level at year-end 2016.  Full Article

BRIEF-Wolters Kluwer says ‍Aegon chooses co's OneSumX for Operational Risk for its operational risk mgmt​

* ‍AEGON CHOOSES WOLTERS KLUWER'S ONESUMX FOR OPERATIONAL RISK FOR ITS OPERATIONAL RISK MANAGEMENT​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)