Transform Tomorrow - Aegon

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Strong operational free cash flows• Operational free cash flows of EUR 619 million excluding market impact• Market impacts of EUR (89) million due to interest rates movements• Earnings on the in-force and release of required surplus particularly strong due to reservereleases and proceeds from divestmentsOperational free cash flow development(EUR million)EUR million Q4 11 Q3 12 Q4 12Earnings on in-force 550 146 529Return on free surplus 17 16 24Release of required surplus 103 168 317New business strain (436) (290) (340)Operational free cash flow 233 41 530Market impact - ~(407) ~(89)Operational free cash flow excluding market impact 233 448 61932Note: impact of capital preservation initiatives is not included in the reported operational free cash flows
2012 a strong basis for the future• Strong growth in earnings and profitable sales• Maintained strong capital position• Operating expenses reduced while investing in new propositions• Distribution expanded – new partners, platforms and on-line propositionsWell positioned for the future33
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 30 and 31: Successful repositioning of Spanish
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

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