Aegon

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AEGON N.V.
Type Public (Euronext: AGN) NYSE: AEG)
Founded 1983
Headquarters The Hague, the Netherlands
Key people Alex Wynaendts, CEO
Industry Insurance
Products Life insurance
Revenue ▲€ 36.615 billion (2006)
Operating income ▲ € 3.358 billion (2006)
Net income ▲ € 2.789 billion (2006)
Employees 29.000 (2006)
Website www.aegon.com

AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world’s leading insurance companies ranked by market capitalization and assets. AEGON's head office is in The Hague, the Netherlands. At the end of 2004, AEGON companies employed about 29,000 people worldwide.

Headquarters building and square in The Hague
Headquarters building and square in The Hague

AEGON's businesses focus on life insurance and pensions, savings and investment products. The group is also active in accident and supplemental health insurance and general insurance, and has limited banking activities.

AEGON's three major markets are the United States (where it is heavily represented through World Financial Group), the Netherlands and the United Kingdom. In addition, the group is present in a number of other countries including Canada, Hungary, Romania, Slovakia, Spain, China and Taiwan.

On August 13, 2007, AEGON and Merrill Lynch announced a strategic business partnership in the areas of life insurance and investment products. As part of the relationship, AEGON acquired two of Merrill Lynch's life insurance companies for US$1.3 billion. [1]

On April 23, 2008, Alex Wynaendts succeeded the retiring Donald J. Shepard as Chairman of the Executive Board and CEO of AEGON N.V. following the Group's Annual General Meeting of Shareholders. Donald Shepard announced his retirement in November 2007, after six years as Chairman. [2]

[edit] Member Companies

  • World Financial Group
  • Transamerica Corporation
  • Western Reserve Life Assurance Co. of Ohio
  • Stonebridge Life Insurance Company
  • Life Investors Insurance Company of America
  • Monumental Life Insurance Company
  • Peoples Benefit Life Insurance Company [3]
  • Scottish Equitable of United Kingdom
  • AEGON TU na Życie S.A. / Aegon Powszechne Towarzystwo Emerytalne S.A.

[edit] References

  1. ^ http://www.aegon.com/61014/
  2. ^ http://www.aegon.com/pressroom/pressreleases/groupreleases/68767/69112/
  3. ^ Aegonins.com - Member Companies

[edit] External links

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