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Aegon NV (AEGN.AS)

AEGN.AS on Amsterdam Stock Exchange

5.56EUR
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Aegon Announces Significant Step To Capture Greater Operational Efficiencies
Thursday, 11 Jan 2018 04:15pm EST 

Jan 11 (Reuters) - Aegon Nv ::AEGON ANNOUNCES SIGNIFICANT STEP TO CAPTURE GREATER OPERATIONAL EFFICIENCIES.US SUBSIDIARY TRANSAMERICA ENTERED INTO AGREEMENT WITH TATA CONSULTANCY SERVICES TO ADMINISTER CO'S US INSURANCE AND ANNUITY BUSINESS LINES​.AGREEMENT IS EXPECTED TO LEAD TO ANNUAL RUN-RATE EXPENSE SAVINGS FOR AEGON OF APPROXIMATELY $70 MILLION INITIALLY, GROWING TO $100 MILLION OVER TIME​.‍TOTAL TRANSITION AND CONVERSION CHARGES ARE ESTIMATED TO AMOUNT TO APPROXIMATELY USD 280 MILLION.‍AGREEMENT, A MULTI-YEAR PARTNERSHIP WITH MORE THAN $2 BLN OF REVENUES TO TCS, IS EXPECTED TO BE COMPLETED BY Q2 2018​​.  Full Article

Aegon To Divest Additional Block Of U.S. Run-Off Businesses
Thursday, 28 Dec 2017 02:08am EST 

Dec 28 (Reuters) - Aegon NV ::AEGON TO DIVEST ADDITIONAL BLOCK OF US RUN-OFF BUSINESSES.AEGON NV SAYS HAS AGREED TO DIVEST A BLOCK OF LIFE REINSURANCE BUSINESS TO SCOR AND TO DISSOLVE A RELATED CAPTIVE INSURANCE COMPANY.‍UNDER TERMS OF AGREEMENT, AEGON'S TRANSAMERICA LIFE SUBSIDIARIES WILL REINSURE APPROXIMATELY USD 750 MILLION OF LIABILITIES TO SCOR.AEGON NV SAYS TRANSACTION HAS A ONE-TIME BENEFIT OF APPROXIMATELY $75 MLN ON TRANSAMERICA'S CAPITAL POSITION​.‍TRANSACTION IS EXPECTED TO RESULT IN A PRE-TAX IFRS LOSS OF APPROXIMATELY USD 125 MILLION​.  Full Article

Aegon supervisory board chairman Rob Routs to step down
Thursday, 14 Dec 2017 02:00am EST 

Dec 14 (Reuters) - Aegon Nv ::AEGON SUPERVISORY BOARD CHAIRMAN ROB ROUTS TO STEP DOWN AT NEXT AGM.ROBERT J. ROUTS, CHAIRMAN OF ITS SUPERVISORY BOARD, HAS DECIDED TO STEP DOWN AT NEXT ANNUAL GENERAL MEETING OF SHAREHOLDERS IN MAY 2018.‍SUPERVISORY BOARD HAS ELECTED WILLIAM CONNELLY AS ITS NEXT CHAIRMAN AND HE WILL SUCCEED MR. ROUTS FOLLOWING NEXT AGM​.  Full Article

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

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JPMorgan picked to run sale of Anbang' Dutch insurer Vivat: sources

HONG KONG/AMSTERDAM China's Anbang Insurance Group [ANBANG.UL] has picked JPMorgan to manage the 1.4-1.8 billion euro ($1.6-$2 billion) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters.