Transform Tomorrow - Aegon
Transform Tomorrow - Aegon Transform Tomorrow - Aegon
Successful repositioning of Spanish business• Strategic partnership with Banco Santander, Spain’slargest financial group, offering life and non-life productsthrough Santander’s extensive branch network►►Access to over 4,600 branchesPotential client base of over 12 million customers• Aegon acquired a 51% stake in both a life and non-lifeinsurance company for EUR 220 million *• Divestiture of existing joint ventures►►►Banca Cívica sold for EUR 190 million, book gain of EUR 35 millionUnnim sold for EUR 353 million, expected book gain of EUR 105 millionExit process CAM ongoing• Continued partnerships with Liberbank (~780 branches) and Caja3 (~200 branches)• Density of Santander’s branch network in Spain – over 4,600 branches30* Depending on the performance of the partnership, after 5 years an additional amount may be paid
Further improved capital position• Capital base ratio of 76.7%, well above year-end 2012 target of at least 75%• Strong IGD ratio of 230%• NAIC RBC ratio of ~495%; NL IGD ratio of ~250%; UK Pillar 1 ratio of ~140%►RBC benefited from strong net income offset by dividends to the holding• Holding excess capital increased to EUR 2.0 billion►Dividends received from operating units partly offset by operational expenses and interest paymentsInsurance Group Directive (IGD) solvency ratio development222% 11% 2% (5)% 2% (2)% 230%IGD ratioQ3 12EarningsMovement inrequiredsurplusNew businessDivestmentproceedsHolding & otherIGD ratioQ4 1231
- 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 26 and 27: Net income benefits from investment
- Page 28 and 29: Sales increase demonstrates strengt
- 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
Further improved capital position• Capital base ratio of 76.7%, well above year-end 2012 target of at least 75%• Strong IGD ratio of 230%• NAIC RBC ratio of ~495%; NL IGD ratio of ~250%; UK Pillar 1 ratio of ~140%►RBC benefited from strong net income offset by dividends to the holding• Holding excess capital increased to EUR 2.0 billion►Dividends received from operating units partly offset by operational expenses and interest paymentsInsurance Group Directive (IGD) solvency ratio development222% 11% 2% (5)% 2% (2)% 230%IGD ratioQ3 12EarningsMovement inrequiredsurplusNew businessDivestmentproceedsHolding & otherIGD ratioQ4 1231
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