AEGON Repays One Third of Government Support
01 Décembre 2009 - 8:00AM
PR Newswire (US)
THE HAGUE, The Netherlands, December 1 /PRNewswire-FirstCall/ --
AEGON yesterday repaid one third of the EUR 3 billion in core
capital the company secured last year through its largest
shareholder, Vereniging AEGON and funded by the Dutch government.
AEGON first announced its intention to repay the Dutch government
in August when it raised EUR 1 billion in a successful equity
issue. The total payment to the Dutch government amounts to EUR
1.15 billion. Under the terms of AEGON's agreement with the Dutch
government, the premium for repayment amounted to EUR 108 million
based on the volume weighted average share price of AEGON shares of
EUR 4.8315 during the five trading days from November 23 until
November 27. The amount repaid includes accrued interest from May
22, 2009 of EUR 44 million. Repayment of the initial EUR 1 billion
to the Dutch government is an important first step toward full
repayment of the core capital funded by the Dutch government. About
AEGON As an international life insurance, pension and investment
company based in The Hague, AEGON has businesses in over twenty
markets in the Americas, Europe and Asia. AEGON companies employ
approximately 29,000 people and have over 40 million customers
across the globe. Full year Key figures - EUR Q3 2009 2008
Underlying earnings before tax 351 million 1.6 billion New life
sales 484 million 2.6 billion Gross deposits 6.8 billion 40.8
billion Revenue generating investments (end of period) 354 billion
332 billion Forward-looking statements The statements contained in
this press release that are not historical facts are
forward-looking statements as defined in the US Private Securities
Litigation Reform Act of 1995. The following are words that
identify such forward-looking statements: aim, believe, estimate,
target, intend, may, expect, anticipate, predict, project, counting
on, plan, continue, want, forecast, goal, should, would, is
confident, will, and similar expressions as they relate to our
company. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions that are difficult
to predict. We undertake no obligation to publicly update or revise
any forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements, which merely
reflect company expectations at the time of writing. Actual results
may differ materially from expectations conveyed in forward-looking
statements due to changes caused by various risks and
uncertainties. Such risks and uncertainties include but are not
limited to the following: Changes in general economic conditions,
particularly in the United States, the Netherlands and the United
Kingdom; Changes in the performance of financial markets, including
emerging markets, such as with regard to: - The frequency and
severity of defaults by issuers in our fixed income investment
portfolios; and - The effects of corporate bankruptcies and/or
accounting restatements on the financial markets and the resulting
decline in the value of equity and debt securities we hold; The
frequency and severity of insured loss events; Changes affecting
mortality, morbidity and other factors that may impact the
profitability of our insurance products; Changes affecting interest
rate levels and continuing low or rapidly changing interest rate
levels; Changes affecting currency exchange rates, in particular
the EUR/USD and EUR/GBP exchange rates; Increasing levels of
competition in the United States, the Netherlands, the United
Kingdom and emerging markets; Changes in laws and regulations,
particularly those affecting our operations, the products we sell,
and the attractiveness of certain products to our consumers;
Regulatory changes relating to the insurance industry in the
jurisdictions in which we operate; Acts of God, acts of terrorism,
acts of war and pandemics; Effects of deliberations of the European
Commission regarding the aid we received from the Dutch State in
December 2008; Changes in the policies of central banks and/or
governments; Litigation or regulatory action that could require us
to pay significant damages or change the way we do business;
Customer responsiveness to both new products and distribution
channels; Competitive, legal, regulatory, or tax changes that
affect the distribution cost of or demand for our products; Our
failure to achieve anticipated levels of earnings or operational
efficiencies as well as other cost saving initiatives; and The
impact our adoption of the International Financial Reporting
Standards may have on our reported financial results and financial
condition. Further details of potential risks and uncertainties
affecting the company are described in the company's filings with
Euronext Amsterdam and the US Securities and Exchange Commission,
including the Annual Report on Form 20-F. These forward-looking
statements speak only as of the date of this document. Except as
required by any applicable law or regulation, the company expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the company's expectations with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. Contact information Media
relations: Greg Tucker +31(0)70-344-8956 Investor relations:
Gerbrand Nijman +31-(0)70-344 8305 877-548-9668 - toll free USA
only http://www.aegon.com/ DATASOURCE: AEGON N.V. CONTACT: Contact
information: Media relations: Greg Tucker, +31(0)70-344-8956, .
Investor relations: Gerbrand Nijman, +31-(0)70-344-8305,
877-548-9668 - toll free USA only,
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