Transform Tomorrow - Aegon

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The Netherlands• Underlying earnings increased as higher earnings from Life & Savings more than offsetlower earnings in Pensions and Non-Life• Operating expenses increased as realized cost savings were more than offset by higheremployee benefit expenses and investments in new distribution capabilities• New life sales were up 42% as a result of a strong increase in pension sales due to newlarge contracts• Gross deposits remained low, driven by strong competition in the Dutch savings marketUnderlying earningsbefore tax (EUR million)Operating expenses(EUR million)New life sales(EUR million)Gross deposits(EUR million)7582 83191 184 19611725166560275 282Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 1244
United Kingdom• Underlying earnings before tax remained stable with Q3 but improved strongly compared withlast year driven by the non-recurrence of exceptional charges recorded last year• Operating expenses continued to decline following the successful implementation of costreduction programs in the UK• New life sales were up 53% reflecting a successful group pensions sales campaign.Platform sales accelerated during the quarter as new advisors joined the <strong>Aegon</strong> RetirementChoices (ARC) platformUnderlying earningsbefore tax (GBP million)Operating expenses(GBP million)New life sales(GBP million)Gross deposits(GBP million)-2220 209873 69161 1632478412Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 1245
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 42 and 43: Higher underlying earnings• Ameri
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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