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Last €7.30 EUR
Change Today -0.183 / -2.45%
Volume 8.9M
AGN On Other Exchanges
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As of 11:37 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Aegonplein 50

The Hague, 2591 TV

Netherlands

Phone: 31 70 344 8334

Fax:

arzystwo Emerytalne Spólka Akcyjna; and Aegon Emeklilik ve Hayat A.S. Sales and Distribution Channels: The company operates through various sales channels in CEE. These include tied agents, insurance brokers, call centers, online channels and, particularly in Hungary, Poland, Romania and Turkey, retail banks. It primarily sells life and non-life insurance through tied agents, brokers and call centers, household and car insurance through online channels; in addition, life insurance, mortgage loans, mutual funds and household insurance are sold through banks and other alternative channels. Business Lines Life & Savings The company offers a range of life insurance and personal protection products. This includes traditional life and unit-linked products. Unit-linked products cover all types of life insurance, including pension, endowment and savings. Traditional general account life insurance is mainly index life products that are not unit-linked and have guaranteed interest rates, as well as group life and preferred term life products. Preferred life is an individual life term insurance product which offers insurance protection. The product distinguishes between smoker and non-smoker status and uses standard and preferred pricing dependent on the health status of the client. Group life contracts are renewable each year and carry optional accident and health cover. Aegon Life Insurance Company in Romania operates as a branch of Aegon Poland Life Insurance Company and sells unit-linked, term life and endowment insurance policies. In 2013, the company acquired Fidem Life, a life insurance player in Ukraine selling traditional life insurance products. In the CEE region, the company has traditional life insurance portfolios, mainly in Hungary, Turkey and Ukraine. The other Aegon subsidiaries, including Hungary, focus on unit-linked products, in addition to various accident and health riders. In 2013, Aegon Hungary Composite Insurance Company incorporated a new subsidiary, Aegon Hungary Home Savings and Loan Association. The new entity provides a savings product combined with a preferential loan option which is subsidized by the state during the savings period. Mortgage Loans Aegon Hungary has offered mortgage loans to retail customers. Home mortgage loans provided in the past were mainly Swiss franc denominated and provided by Aegon Hungary Mortgage Finance Co., a subsidiary of Aegon Hungary Composite Insurance Company. Pensions The company’s private pension funds are in Poland, Slovakia, and Romania, and voluntary pension fund is in Hungary. As of December 2013, the company had a total of 1.6 million pension fund members in CEE. Non-life Aegon Hungary offers non-life cover (household, car insurance, and some wealth industrial risk). The company is the primary insurance company in the Hungarian household market. Asia Aegon Asia operates in the Asia region through three major joint ventures in China, India and Japan, and a network of wholly-owned subsidiaries. The company has a joint venture agreement with China National Offshore Oil Corporation (CNOOC), China’s major offshore oil and gas producer. The joint venture is licensed to sell both life insurance and accident and health products in the provinces of mainland China. Aegon-CNOOC has extended its network of offices and business. Its geographic spread provides access to a potential market of approximately 640 million people, many in the booming coastal provinces of eastern China. The company formed a new life insurance partnership in India with Religare Enterprises Limited and Bennett, Coleman & Company Limited. This partnership began operations as Aegon Religare Life Insurance Co. Ltd (Aegon Religare). By 2013, Aegon Religare had a pan-India distribution network with 70 branches, across 55 cities and 21 states, and had issued more than 345.000 policies to over 300.000 customers. The company also has a joint venture agreement in Japan with Sony Life, one of Japan’s insurance companies. Operations launched as Sony Life Insurance Co. Ltd (Aegon Sony Life). By 2013, the joint venture had signed distribution partnerships with 1 ‘m

 

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AGN:NA €7.30 EUR -0.183

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Industry Analysis

AGN

Industry Average

Valuation AGN Industry Range
Price/Earnings 13.6x
Price/Sales 0.4x
Price/Book 0.5x
Price/Cash Flow 12.0x
TEV/Sales NM Not Meaningful
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