Transform Tomorrow - Aegon

More documents

Recommendations

Info

Net income benefits from investment gains and divestments• Fair value items loss mainly due to impact of lower credit spreads on <strong>Aegon</strong> bonds and impactof unfavorable interest rates movements on the fair value of swaps• Gains on investments are the result of normal trading and asset liability management• Impairments mainly related to mortgages loans in the US and Hungary• Other income up on the sale of minority stake in Prisma (EUR 100m), divestment of the Cívicajoint venture (EUR 35m), partly offset by a BOLI wrap charge in the US (EUR 26m)Underlying earnings to net income development in Q4 2012(EUR million)447 (79) 149 (58) 106 (14) (129) 422Underlyingearnings beforetax Q4 12Fair value items Realized gainson investmentsImpairmentchargesOther incomeRun-offbusinessesIncome taxNet incomeQ4 1226
Operating expenses reduced by 6% while investing in new propositions• Cost savings in established markets reflect cost reductions in the Americas and successfulrestructuring programs in the UK and the Netherlands• Enacted cost savings in Dutch business of EUR 89 million, on track to meet target ofEUR 100 million reduction compared to 2010 cost level• Operating expenses include continued investments in new propositionsOperating expenses(EUR million)3,442 160 102 (188) (251) (24) 3,241FY 2011Currency effects Employee benefitplansCost savingsLowerrestructuringchargesOther* FY 201227* Other expenses include the effect of disposals and business growth
Page 1 and 2: Transform TomorrowLondon, 21 March
Page 3 and 4: Execute on strategic transformation
Page 5: Our products and services have neve
Page 8: Successfully growing our fee-based
Page 12 and 13: Capture growth in Protection and Ac
Page 14 and 15: Realizing ambition to become a lead
Page 16 and 17: Aegon to cancel all preferred share
Page 18 and 19: All preferred shares exchanged for
Page 20 and 21: Impact on Aegon’s financial metri
Page 22 and 23: Vereniging Aegon agreed to give up
Page 24 and 25: Continued delivery of strong result
Page 28 and 29: Sales increase demonstrates strengt
Page 30 and 31: Successful repositioning of Spanish
Page 32 and 33: Strong operational free cash flows
Page 34 and 35: Upcoming eventsMarchMayJuneAugustAn
Page 36 and 37: Focus on delivering on targetsAchie
Page 38 and 39: Limited exposure in general account
Page 40 and 41: Gross deposits increases in asset m
Page 42 and 43: Higher underlying earnings• Ameri
Page 44 and 45: The Netherlands• Underlying earni
Page 46 and 47: New Markets• Underlying earnings
Page 48 and 49: Capital allocated to run-off busine
Page 50 and 51: Investments general accountAegonINV
Page 52 and 53: Credit losses in the US trending do
Page 54 and 55: For questions please contact Invest

Transform Tomorrow - Aegon

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?