Aegon N.V. provides life insurance, pensions, and asset management services. Segments The company has the following segments: the Americas, which includes the United States, Canada, Mexico and Brazil; the Netherlands; the United Kingdom; and New Markets, which includes countries in Central and Eastern Europe, and Asia, as well as Spain, France, Variable Annuities Europe, and Aegon Asset Management. Americas Life and Protection The company offers products with mortality, morbidity and longevity risks, including traditional and universal life, in addition to endowment, term, and whole life insurance products. It also engages in accident and health business, including supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel and long-term care insurance in the United States. Investments and Retirement Individual Savings and Retirement: The company primarily offers variable annuity products and retail mutual funds. Employer Solutions and Pensions: The company offers administrative, compliance, investment and participant services for pension plans, including 401(k) plans. It also offers stable value solutions. Canada The company offers term and permanent life insurance, critical illness insurance and segregated funds. Latin America Brazil: The company offers life and critical illness insurance; private and company pensions; pension scheme administration; and investment funds. Mexico: The company offers individual life, group life, and health insurance; and saving plans. The Netherlands Life and Savings: The company offers products with mortality, morbidity, and longevity risks, including traditional and universal life, in addition to employer, endowment, term, whole life insurance products, mortgages, annuity products and saving deposits, including banking products. Pensions: These include individual and group pensions usually sponsored by, or obtained via, an employer. Non-life: These include general insurance, consisting mainly of automotive, liability, disability, household insurance, and fire protection. Competition: The company’s main competitors are Nationale Nederlanden, Eureko (Achmea), ASR, SNS Reaal (including Zwitserleven) and Delta Lloyd/OHRA. The United Kingdom Life: The company’s life products include immediate annuities, individual protection products, such as term insurance, critical illness, and income protection. Pensions: Pensions include individual pensions, such as self-invested personal pensions and income drawdown products; and group pensions, sponsored by, or obtained via, an employer. It also includes the tied-agent distribution business. Competition: The company’s competitors include Legal and General, Standard Life, Lloyds Bank and Aviva. In the platform market, service companies such as Cofunds, Funds Network and Skandia are among the company’s main competitors. New Markets This area includes all businesses and operating units in Central and Eastern Europe, Asia, Spain and Portugal, in addition to the company’s variable annuity activities in Europe and Aegon Asset Management. Central and Eastern Europe: The company is active in the Czech Republic, Hungary, Poland, Romania, Slovakia, Turkey, and Ukraine. This area includes life insurance, individual and group pension products, savings and investments, in addition to general insurance. Spain and Portugal: The company has distribution partnerships with Santander in Spain and Portugal and with Liberbank in Spain. This area includes life insurance, accident and health, general insurance and investment products. Asia: The company has joint ventures in China and India selling (term) life insurance and savings products, and in Japan selling variable annuities. It includes life insurance marketed to high-net-worth individuals via the Transamerica brand in Hong Kong and Singapore; and direct and affinity products marketed throughout Asia by Aegon Direct & Affinity Marketing Services. The company’s main competitors in Hong Kong and Singapore include HSBC Life, AIA, Manulife Bermuda, and Sun Life Bermuda. Variable Annuities Europe: This area includes variable annuities offered by Aegon companies operating in Europe and international/offshore bonds for the U.K. market. In the United Kingdom, Variable Annuities Europe has two competitors, Axa and MetLife. In Germany, the main competitors for variable annuity business are Canada Life and Swiss Life. Aegon Asset Management: Aegon Asset Management offers asset management products, including equity and fixed income, covering third-party clients, insurance-linked solutions, and the company’s own insurance companies. Aegon Asset Management operates in the United States, the Netherlands, the United Kingdom, Canada, Central and Eastern Europe, Spain, Hong Kong and mainland China. It has three main brands: Aegon Asset Management specializes in providing clients with a range of investment solutions across asset classes, including fixed income, equities, real estate, absolute return, liability-driven, and multi-asset solutions. Kames Capital is the United Kingdom-based asset management company that provides fixed income, equities, real estate and multi-asset solutions to both U.K. and international clients. TKP Investments is the Netherlands-based fiduciary manager that is recognized for its manager selection and modified advice to the Dutch pension market. History Aegon N.V. was founded in 1900.
aegon nv (AGN:Euronext Amsterdam)
The Hague, 2591 TV
Phone: 31 70 344 8334
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