Transform Tomorrow - Aegon

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New Markets• Underlying earnings before tax decline mainly driven by divestments in Spain• Operating expenses increased 1% as the result of higher costs in Asia and VA Europedriven by investments to support future growth, recurring charges for corporate centerexpenses were partly offset by the divestment of the Cívica joint venture• New life sales lower due to the exclusion of CAM and sale of Cívica joint venture in Spain• Deposit growth in asset management driven by strong institutional sales in the US and NLand retail flows in the UKUnderlying earningsbefore tax (EUR million)Operating expenses(EUR million)New life sales(EUR million)Gross deposits(EUR billion)65 70521521631538348571.52.82.3Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 12Q4 11 Q3 12 Q4 1246
Capital base ratio of 76.7%• Capital base ratio increases to 76.7%, above target of at least 75% by year-end 2012• Improvement of capital base ratio up on retained earnings, dividends from operating unitsand divestitures• Holding and other reflects mainly operating and interest expenses• Common shareholders’ equity per share, excluding preference capital and revaluation reserves,of EUR 8.47Capital base ratio roll forward75% 0.4% 1.6% (0.3)% 76.7%Q3 12 Net income Up-streamedcapital fromoperating unitsHoldingand otherQ4 1247
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 44 and 45: The Netherlands• Underlying earni
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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