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Aegon NV (AEGN.AS)

AEGN.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aegon FY Net Income Down At 744 Million Euros
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - AEGON NV ::FY NET INCOME EUR 744 MILLION VERSUS EUR 2.36 BILLION YEAR AGO.FY TOTAL GROSS DEPOSITS EUR 121.70 BILLION VERSUS EUR 125.78 BILLION YEAR AGO.FY UNDERLYING EARNINGS BEFORE TAX EUR 2.07 BILLION VERSUS EUR 2.14 BILLION YEAR AGO.PROPOSED FINAL 2018 DIVIDEND PER SHARE OF EUR 0.15; FULL YEAR DIVIDEND INCREASES BY 2 CENTS COMPARED WITH 2017.SOLVENCY II RATIO REMAINS WELL ABOVE TARGET RANGE AT 211% DESPITE UNFAVORABLE MARKET MOVEMENTS. CAPITAL RATIOS OF MAIN UNITS REMAIN AT UPPER END OR ABOVE TARGET ZONES.CAPITAL GENERATION IN UNITS OF EUR 39 MILLION, INCLUDING UNFAVORABLE MARKET IMPACTS OF EUR 1,040 MILLION AND FAVORABLE ONE-TIME ITEMS OF EUR 106 MILLION.HOLDING EXCESS CASH REMAINS WITHIN TARGET RANGE AT EUR 1.3 BILLION.GROSS FINANCIAL LEVERAGE RATIO IMPROVES BY 160 BASIS POINTS TO 29.2% IN SECOND HALF YEAR 2018.  Full Article

Aegon Announces Medium Term Financial Targets
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - AEGON NV ::AEGON TO GROW CAPITAL GENERATION AND DIVIDENDS.DIVIDEND PAY-OUT TO SHAREHOLDERS BETWEEN 45% AND 55% OF CAPITAL GENERATION.SOLVENCY II RATIO TARGET RANGE REMAINS AT 150% TO 200%; 2018 SOLVENCY II RATIO AMOUNTED TO 211%.RETURN ON SHAREHOLDERS' EQUITY OF MORE THAN 10% ON AN ANNUAL BASIS.CURRENT CAPITAL FRAMEWORK AND RELATED TARGET RANGES REMAIN UNCHANGED FOR YEARS 2019-2021.SOLVENCY II RATIO TARGET RANGE REMAINS AT 150% TO 200%; 2018 SOLVENCY II RATIO AMOUNTED TO 211%.HOLDING EXCESS CASH TO REMAIN IN TARGET ZONE OF EUR 1.0 TO 1.5 BILLION; YEAR-END 2018 LEVEL WAS EUR 1.3 BILLION.GROSS FINANCIAL LEVERAGE RATIO TARGETED TO BE BETWEEN 26% AND 30%; YEAR-END 2018 LEVEL WAS 29.2%.  Full Article

Aegon UK Extends Partnership With Atos For Administration Services
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - AEGON NV ::AEGON UK EXTENDS PARTNERSHIP WITH ATOS FOR ADMINISTRATION SERVICES.UK SUBSIDIARY STRENGTHENED ITS EXISTING PARTNERSHIP WITH ATOS, SIGNING A 15-YEAR CONTRACT.PARTNERSHIP IS EXPECTED TO BE EFFECTIVE AS OF MID-2019..TOTAL TRANSITION AND CONVERSION CHARGES ARE ESTIMATED TO AMOUNT TO APPROXIMATELY GBP 130 MILLION.  Full Article

Aegon UK Extends Partnership With Atos For Administration Services
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Aegon NV ::AEGON UK EXTENDS PARTNERSHIP WITH ATOS FOR ADMINISTRATION SERVICES.AGREEMENT EXPECTED TO LEAD TO ANNUAL RUN-RATE EXPENSE SAVINGS FOR AEGON OF APPROXIMATELY GBP 10 MILLION.TOTAL TRANSITION AND CONVERSION CHARGES ESTIMATED TO AMOUNT TO ABOUT GBP 130 MILLION, AND EXPECTED TO BE RECORDED OVER FIRST 3 YRS OF AGREEMENT.  Full Article

Aegon Transamerica Settles Universal Life Litigation
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - AEGON NV ::AEGON: TRANSAMERICA SETTLES UNIVERSAL LIFE LITIGATION.THIS SETTLEMENT FOR AN AMOUNT OF USD 195 MILLION REMOVES UNCERTAINTY OF ONGOING LITIGATION FOR COMPANY AND ITS CUSTOMERS..SAYS SETTLEMENT WILL BE FILED WITH UNITED STATES DISTRICT COURT FOR CENTRAL DISTRICT OF CALIFORNIA ON OR ABOUT OCTOBER 4, 2018.SAYS SETTLEMENT IS SUBJECT TO COURT APPROVAL.AGREEMENT CREATES A SETTLEMENT CLASS OF ALL TRANSAMERICA POLICYHOLDERS THAT WERE SUBJECT TO 2015 AND 2016 MONTHLY DEDUCTION RATE ADJUSTMENTS.  Full Article

Aegon's U.S. Subsidiaries Reach Settlement With SEC
Monday, 27 Aug 2018 

Aug 27 (Reuters) - AEGON NV ::US SUBSIDIARIES AEGON REACH SETTLEMENT WITH SEC.TOTAL CHARGE RELATED TO THIS SETTLEMENT IS USD 97.6 MILLION.IN Q4 OF 2017, AEGON TOOK A USD 100 MILLION PROVISION IN ANTICIPATION OF A POSSIBLE SETTLEMENT WITH SEC.  Full Article

Aegon To Sell Businesses In Czech Republic And Slovakia to NN Group
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - AEGON NV ::AEGON TO DIVEST ITS BUSINESSES IN CZECH REPUBLIC AND SLOVAKIA.TO SELL ITS BUSINESSES IN CZECH REPUBLIC AND SLOVAKIA FOR EUR 155 MILLION TO NN GROUP..  Full Article

Aegon To Acquire Robidus, Income Protection Service Provider
Monday, 16 Jul 2018 

July 16 (Reuters) - Aegon NV ::AEGON TO ACQUIRE LEADING DUTCH INCOME PROTECTION SERVICE PROVIDER.ANNOUNCES THE ACQUISITION OF ROBIDUS FROM AVEDON CAPITAL PARTNERS..UNDER TERMS OF THE AGREEMENT, AEGON WILL ACQUIRE ABOUT 95% OF THE COMPANY WITH REMAINDER TO BE RETAINED BY ROBIDUS'S MANAGEMENT TEAM.TRANSACTION IS EXPECTED TO CLOSE WELL BEFORE YEAR END.ROBIDUS WILL CONTINUE TO OPERATE ON A STANDALONE BASIS AND UNDER ITS OWN BRAND NAME.  Full Article

Aegon And Santander To Expand Successful Partnership In Spain
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Aegon Nv ::AEGON AND SANTANDER TO EXPAND SUCCESSFUL PARTNERSHIP IN SPAIN.EXPANSION COVERS TERM LIFE AND SELECTED LINES OF NON-LIFE INSURANCE.AEGON AGREED TO AN UPFRONT CONSIDERATION OF EUR 215 MILLION AND AN ADDITIONAL AMOUNT OF UP TO EUR 75 MILLION TO BE PAID AFTER 5 YEARS.CONSIDERATION WILL BE FUNDED FROM HOLDING EXCESS CASH.  Full Article

Aegon To Repurchase Shares To Neutralize Dividend Dilutive Effect
Wednesday, 20 Jun 2018 

June 20 (Reuters) - AEGON NV ::AEGON ANNOUNCES REPURCHASE OF SHARES TO NEUTRALIZE STOCK DIVIDEND.AEGON WILL REPURCHASE 21,954,140 COMMON SHARES TO NEUTRALIZE DILUTIVE EFFECT OF 2017 FINAL STOCK DIVIDEND.SHARES WILL BE HELD AS TREASURY SHARES AND WILL BE USED TO PAY FUTURE STOCK DIVIDENDS.SHAREHOLDERS WERE GIVEN OPPORTUNITY TO CHOOSE BETWEEN RECEIVING 2017 FINAL DIVIDEND OF EUR 0.14 PER COMMON SHARE IN CASH OR IN STOCK.AVERAGE SHARE PRICE AMOUNTED TO EUR 5.4174.DIVIDEND WILL BE PAYABLE AS OF JUNE 22, 2018.  Full Article

UPDATE 1-Aegon's H2 underlying profit drops, lags estimates

AMSTERDAM, Feb 14 Aegon NV, the Dutch insurer which does most of its U.S. business under the Transamerica brand, on Thursday reported an 8.1 percent drop in underlying pretax profit for the second half of 2018, missing estimates.