Last €5.77 EUR
Change Today -0.063 / -1.08%
Volume 7.6M
AGN On Other Exchanges
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As of 11:04 AM 08/21/14 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: 31 70 344 8334

ega bank’ and 14 regional banks, in addition to Sony Life’s Life Planner channel of over 4,000 professionals. The focus of the joint venture is annuity sales in Japan. The shareholders in the joint venture also agreed to jointly establish a reinsurance company, SA Reinsurance Ltd (SARe), to allow Aegon and Sony Life greater flexibility in the pricing and product design of its annuity products. Sales and Distribution: In China, the company sells its products through multiple distribution channels, such as agents, independent brokers, banks, direct marketing, and the group channel. As of November 2013, its bancassurance network in China was 675 outlets. Aegon Sony Life in Japan has two primary channels of distribution, the Life Planner channel of Sony Life, the company’s joint venture partner and the bank distribution channel, which comprises 14 regional banks. Life and Savings: The company provides a range of life insurance products through its businesses in China and India. These include unit-linked and traditional life products, as well as endowment, term life, health, group life, accident, and annuities. In China, Aegon-CNOOC’s agency channel mainly sells regular premium endowment with high-sum assured protection and critical illness products. Regular premium participating endowment and single-pay universal life are key products for the bancassurance channel. Telemarketers sell return of premium products. Products in the brokerage channel are return of premium, participating endowment, and critical illness. At the end of 2013, Aegon Religare had a number of term plans, traditional individual participating products, traditional pension participating products, unit-linked plans, and health products. Universal Life and Term Products: TLB main products consist of USD Guaranteed Universal Life (GUL) and USD term plans for the high-net-worth market, and a new range of products was launched in 2013. Individual Savings and Retirement: Aegon Sony Life sells variable annuities. It provides a guaranteed lifetime withdrawal benefit (GLWB) with a rollup function of 3% per annum during the deferral period and a guaranteed minimum accumulation benefit (GMAB). The GMAB product has a 105% trigger feature that allows the customer to receive either a lump-sum withdrawal of the difference between the initial premium and account value or have the difference transferred into a separate non- guaranteed account. Non-life Aegon-CNOOC offers non-life products – mainly short-term accidental and short-term health – to all channels, although sales are concentrated in the group channel, for which the main products are group medical policies. Aegon Religare sells a health product with the same features as a defined-benefit product, which pays benefits specified for the categories of hospitalization, surgery or critical illness, irrespective of the actual expense incurred by the policyholder. Aegon Religare launched online health plan iHealth, in line with the company’s focus on digital channels. The off-line version is sold by all channels of the joint venture, including agency, direct and business alliances. ADAMS has multiple international business partners across Asia, including banks and non-financial institutions. ADAMS focuses on protection products that generate risk premiums, such as term life insurance, personal accident insurance, and supplemental health insurance. Spain Aegon Spain operated through two subsidiaries, Aegon Seguros Salud and Aegon Seguros de Vida, which merged to form Aegon Espana S.A. de Seguros y Reaseguros. Aegon Administracion y Servicos A.I.E., a separate legal entity, provides administration and operations services to all Aegon companies in Spain, including joint ventures with third parties. In addition, the company operates through partnerships with the financial entities Banco Santander, Cajatres and Liberbank. Aegon Spain’s main subsidiaries and affiliates are Aegon Espana S.A. de Seguros y Reaseguros; Aegon Administracion y Servicos A.I.E.; Caja Badajoz Vida y Pensiones (50%), in partnership with Cajatres; Cantabria Vida y Pensiones (50%), in partnership with Liberbank; Lib

 

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Industry Analysis

AGN

Industry Average

Valuation AGN Industry Range
Price/Earnings 11.0x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 9.6x
TEV/Sales NM Not Meaningful
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