Aegon UK

Aegon reports second half year 2023 results

Retrieved on: 
Friday, March 1, 2024

Please click here to access all 2H 2023 results related documents.

Key Points: 
  • Please click here to access all 2H 2023 results related documents.
  • Free cash flow amounted to EUR 429 million for the second half of 2023, contributing to a total of EUR 715 million for the year, enabling us to exceed our guidance of EUR 600 million.
  • The IFRS operating result of EUR 681 million was lower than in the second half of 2022, reflecting one-time benefits in 2022 that did not recur in 2023, as well as the impact of announced management actions in 2023.
  • The contrasting trend in our IFRS results compared to our OCG results is caused by differences in the timing of recognition of earnings between the two frameworks.

Aegon reports first half year 2023 results

Retrieved on: 
Thursday, August 17, 2023

Sales momentum in asset management and UK Retail businesses affected by challenging market conditions

Key Points: 
  • Sales momentum in asset management and UK Retail businesses affected by challenging market conditions
    “Aegon had a solid first half of the year.
  • The capital ratios of our main units remained above their respective operating levels in the first half of 2023.
  • At the same time, results at Aegon’s asset management and UK Retail businesses continued to be affected by adverse market conditions.
  • In addition, Aegon has increased its economic ownership in its Brazilian joint venture, Mongeral Aegon Group, to almost 60%.

Aegon UK to divest its individual protection book

Retrieved on: 
Tuesday, April 4, 2023

The Hague, April 4, 2023 - Aegon announces today the sale of its UK individual protection book to Royal London.

Key Points: 
  • The Hague, April 4, 2023 - Aegon announces today the sale of its UK individual protection book to Royal London.
  • Under the terms of the agreement, Aegon UK will initially reinsure the portfolio to Royal London, followed by a Part VII transfer of the legal ownership of the individual protection book in 2024.
  • Aegon UK’s individual protection business is a portfolio of life, critical illness, and income protection policies for 400,000 high-net worth individual customers, that was sold via independent financial advisers.
  • Royal London is the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.

Allegra van Hövell-Patrizi appointed CEO of Aegon the Netherlands

Retrieved on: 
Tuesday, June 15, 2021

Today, Aegon announced that Allegra van Hvell-Patrizi (1974) will succeed Maarten Edixhoven as CEO of Aegon the Netherlands and member of the Management Board of Aegon N.V, effective immediately.

Key Points: 
  • Today, Aegon announced that Allegra van Hvell-Patrizi (1974) will succeed Maarten Edixhoven as CEO of Aegon the Netherlands and member of the Management Board of Aegon N.V, effective immediately.
  • Allegra joined Aegon at the end of 2015 and was appointed Chief Risk Officer and member of Aegon N.V.s Management Board in 2016.
  • We are delighted to have someone of Allegras calibre and experience step up as the new CEO of Aegon the Netherlands, says Lard Friese, CEO of Aegon N.V. Allegra has shown to have the right combination of leadership skills and deep understanding of our business to lead the Dutch business in the next phase of its transformation.
  • Commenting on her appointment, Allegra van Hvell-Patrizi says: I am very grateful for the trust that has been placed in me.

Maarten Edixhoven to leave Aegon the Netherlands

Retrieved on: 
Tuesday, May 11, 2021

b'Aegon announced today that Maarten Edixhoven will step down as CEO of Aegon the Netherlands and member of the Management Board, effective May 11, 2021.\nAfter seven years at Aegon, of which nearly five as CEO of Aegon\xe2\x80\x99s Dutch business, Maarten has decided to continue his career outside the organization.

Key Points: 
  • b'Aegon announced today that Maarten Edixhoven will step down as CEO of Aegon the Netherlands and member of the Management Board, effective May 11, 2021.\nAfter seven years at Aegon, of which nearly five as CEO of Aegon\xe2\x80\x99s Dutch business, Maarten has decided to continue his career outside the organization.
  • Under his leadership, Aegon the Netherlands has become a nimbler and more customer-centric organization.\nLard Friese, CEO Aegon N.V., said: \xe2\x80\x9cDuring his years at Aegon, Maarten has always shown a passion for building a sustainable business.
  • As a member of the Management Board, Maarten made sure to always bring the external perspective to the table.
  • Today, Aegon is one of the world\xe2\x80\x99s leading financial services organizations, providing life insurance, pensions and asset management.

Aegon Bank publishes its 2020 annual report

Retrieved on: 
Friday, April 30, 2021

The report is available for download here .\nAegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers.

Key Points: 
  • The report is available for download here .\nAegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers.
  • Aegon Bank N.V. develops savings and investment products, and supports Aegon\xe2\x80\x99s purpose of helping people achieve a lifetime of financial security.
  • Aegon Bank N.V. also offers a platform for funding mortgages for Aegon the Netherlands.
  • Aegon Bank N.V. has a credit rating of A by S&P Global.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210429006260/en/\n'

Aegon Asset Management appoints Head of Inclusion & Diversity

Retrieved on: 
Tuesday, January 5, 2021

CHICAGO, Jan. 5, 2021 /PRNewswire/ --Aegon Asset Management has appointedLindsay Hudson as Head of Inclusion & Diversity.

Key Points: 
  • CHICAGO, Jan. 5, 2021 /PRNewswire/ --Aegon Asset Management has appointedLindsay Hudson as Head of Inclusion & Diversity.
  • Hudson joins Aegon AM from Invesco where she was EMEA Head of Diversity & Inclusion since 2018, establishing the company's extensive I&D program.
  • For more information about Aegon Asset Management, visit www.aegonam.com
    This material is provided by Aegon Asset Management (Aegon AM) as general information and is intended exclusively for institutional and wholesale investors, as well as professional clients (as defined by local laws and regulation) and other Aegon AM stakeholders.
  • The following Aegon affiliates are collectively referred to herein as Aegon Asset Management: Aegon USA Investment Management, LLC (Aegon AM US), Aegon USA Realty Advisors, LLC (Aegon RA), Aegon Asset Management UK plc (Aegon AM UK), and Aegon Investment Management B.V. (Aegon AM NL).

Transamerica and Aegon Asset Management Introduce "Transamerica DB Complete"

Retrieved on: 
Monday, November 30, 2020

BALTIMORE, Nov. 30, 2020 /PRNewswire/ -- Transamerica, in partnership with Aegon Asset Management, today announces the availability of a new defined benefit plan management service Transamerica DB CompleteSM.

Key Points: 
  • BALTIMORE, Nov. 30, 2020 /PRNewswire/ -- Transamerica, in partnership with Aegon Asset Management, today announces the availability of a new defined benefit plan management service Transamerica DB CompleteSM.
  • Transamerica DB Completebrings together the pension consulting experience from Transamerica Retirement Solutions, the fiduciary advisory services from Transamerica Retirement Advisors, and the fixed income investment expertise of Aegon Asset Management, a Transamerica affiliate.
  • Aegon Asset Management is the global investment management brand of the Aegon Group N.V. and is comprised of Aegon USA Investment Management, LLC ("Aegon Asset Management US"), Aegon USA Realty Advisors, LLC ("Aegon Real Assets US"), Aegon AM UK plc ("Aegon AM UK") and other Aegon affiliates.
  • Aegon Asset Management US, Aegon Real Assets US, and Aegon AM UK are SEC registered investment advisers.

Aegon Asset Management appoints Alexia Gottschalch head of client strategy

Retrieved on: 
Thursday, November 19, 2020

CHICAGO, Nov. 19, 2020 /PRNewswire/ -- Aegon Asset Management has appointed of Alexia Gottschalch as managing director and head of client strategy, global real assets.

Key Points: 
  • CHICAGO, Nov. 19, 2020 /PRNewswire/ -- Aegon Asset Management has appointed of Alexia Gottschalch as managing director and head of client strategy, global real assets.
  • For more information about Aegon Asset Management, visit www.aegonam.com
    This material is provided by Aegon Asset Management (Aegon AM) as general information and is intended exclusively for institutional and wholesale investors, as well as professional clients (as defined by local laws and regulation) and other Aegon AM stakeholders.
  • The following Aegon affiliates are collectively referred to herein as Aegon Asset Management: Aegon USA Investment Management, LLC (Aegon AM US), Aegon USA Realty Advisors, LLC (Aegon RA), Aegon Asset Management UK plc (Aegon AM UK), and Aegon Investment Management B.V. (Aegon AM NL).
  • Each of these Aegon Asset Management entities is a wholly owned subsidiary of Aegon N.V.In addition, the following wholly or partially owned affiliates may also conduct certain business activities under the Aegon Asset Management brand: Aegon Asset Management (Asia) Limited (Aegon AM Asia)
    Aegon AM UK is authorised and regulated by the Financial Conduct Authority (FRN: 144267) and is additionally a registered investment adviser with the United States (US) Securities and Exchange Commission (SEC).

Aegon Bank publishes first half 2020 report

Retrieved on: 
Friday, September 11, 2020

Aegon Bank N.V. has published its first half 2020 report, which describes how the company has performed and contains interim financial information on a statutory basis.

Key Points: 
  • Aegon Bank N.V. has published its first half 2020 report, which describes how the company has performed and contains interim financial information on a statutory basis.
  • Aegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers.
  • Aegon Bank N.V. develops savings and investment products, and supports Aegons purpose of helping people achieve a lifetime of financial security.
  • Aegon Bank N.V. also offers a platform for funding mortgages for Aegon the Netherlands.