Transform Tomorrow - Aegon

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Higher underlying earnings• Americas’ earnings supported by strong business growth, partly offset by higher performancerelated expenses• Higher Life and Savings earnings in the Netherlands more than offset lower earnings inPensions and Non-life• Earnings in the UK increase as pension earnings improved mainly due to non-recurrenceof exceptional charges recorded in the previous year• New Markets earnings down mostly due to lower earnings in Spain on removal ofCAM in Q2 and Cívica in Q4Underlying earnings before taxAmericas(USD million)The Netherlands(EUR million)United Kingdom(GBP million)New Markets(EUR million)20 20426 431 4437582 83-2265 7052Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 1242
Americas• Underlying earnings before tax increased on strong business performance, partly offset byhigher performance related expenses• Operating expenses increased 4% as cost savings were more than offset by higherperformance related expenses and costs to support growth• New life sales increased 29% driven by indexed universal life sales as the product waslaunched into the brokerage channel last year and higher sales in anticipation of withdrawalof the universal life secondary guarantee single life product• Gross deposits in variable annuities, retail mutual funds, retirement plans and stable valuesolutions were all higher than the same period last year; variable annuity gross depositsincreased 3% despite continued product re-pricingUnderlying earningsbefore tax (USD million)Operating expenses(USD million)New life sales(USD million)Gross deposits(USD billion)426 431 443481430502148 1581916.78.0 8.6Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 1243
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 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 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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