An replace on Aegon’s sale of its Central and Jap Europe operations to VIG



THE HAGUE, Netherlands – (BUSINESS WIRE) – Regulatory information:

Aegon has taken word of an announcement made at this time by Vienna Insurance coverage Group AG Wiener Versicherung Gruppe (VIG). The announcement printed by VIG reads: “Acquisition of Aegon entities prevented by Hungary in the interim. VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe acquired yesterday afternoon a decree wherein the Hungarian Ministry of the Inside introduced that the proposed acquisition by a overseas investor of the Aegon firms in Hungary was refused. As a part of the approval course of, Vienna Insurance coverage Group has engaged in constructive discussions with the related Hungarian Minister of Finance since January 2021. The decree contradicts the course of negotiations thus far. The Vienna Insurance coverage Group expects this concern to be positively resolved within the close to future.Aegon will proceed to work with VIG to finish the transaction.

About Aegon

Aegon’s roots return over 175 years – to the primary half of the nineteenth century. Since then, Aegon has grown into a world firm, with companies within the Americas, Europe and Asia. As we speak, Aegon is likely one of the world’s main monetary providers organizations, offering life insurance coverage, pension and asset administration providers. Aegon’s aim is to assist individuals obtain lifelong monetary safety. Extra info on aegon.com.

Ahead-looking statements

Statements on this doc that aren’t historic information are forward-looking statements as outlined within the US Non-public Securities Litigation Reform Act of 1995. The next phrases determine such forward-looking statements: purpose, imagine, estimate, goal, have the intention, can, count on, anticipate, predict, plan, depend on, plan, proceed, wanting, foresee, goal, ought to, would, might, is assured, will and comparable expressions in relation to Aegon. These statements should not ensures of future efficiency and contain dangers, uncertainties and assumptions which can be tough to foretell. Aegon assumes no obligation to publicly replace or revise any forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which merely replicate the Firm’s expectations on the time of writing. Precise outcomes could differ materially from expectations expressed in forward-looking statements attributable to adjustments attributable to numerous dangers and uncertainties. These dangers and uncertainties embrace, however should not restricted to the next:

  • Modifications typically financial and / or governmental situations, specifically in america, the Netherlands and the UK;

  • Modifications within the efficiency of economic markets, together with rising markets, for instance with respect to:

    • The frequency and severity of issuer defaults in Aegon’s mounted earnings funding portfolios;

    • The results of company bankruptcies and / or accounting restatements on the monetary markets and the decline within the worth of fairness and debt securities held by Aegon; and

    • The results of the decline within the creditworthiness of sure public sector securities and the ensuing decline within the worth of the federal government publicity held by Aegon;

  • Modifications within the efficiency of Aegon’s funding portfolio and decrease scores of Aegon’s counterparties;

  • The downgrade of a number of of Aegon’s debt scores issued by acknowledged ranking companies and the unfavorable impression such motion could have on Aegon’s potential to lift capital and on its liquidity and monetary situation ;

  • The decline in a number of of the monetary power scores of the insurers of Aegon’s insurance coverage subsidiaries and the unfavorable impression such motion might have on the written premium, coverage retention, profitability and liquidity of its insurance coverage subsidiaries;

  • The impact of European Union Solvency II necessities and different laws in different jurisdictions affecting the capital that Aegon is required to take care of;

  • Modifications in rate of interest ranges and persistently low or quickly altering rate of interest ranges;

  • Modifications affecting change charges, specifically the EUR / USD and EUR / GBP change charges;

  • Modifications within the availability and prices related to sources of liquidity corresponding to financing of banks and capital markets, in addition to situations in credit score markets typically, corresponding to adjustments within the creditworthiness of debtors and counterparties;

  • Rising competitors in america, the Netherlands, the UK and in rising markets;

  • Catastrophic occasions, whether or not of human or pure origin, together with, by the use of instance, circumstances of drive majeure, acts of terrorism, acts of conflict and pandemics, might lead to materials losses and significantly interrupt providers. Aegon actions;

  • The frequency and severity of insured claims;

  • Modifications in longevity, mortality, morbidity, persistence and different elements that will have an effect on the profitability of Aegon’s insurance coverage merchandise;

  • Aegon’s projected outcomes are extremely delicate to complicated mathematical fashions of economic markets, mortality, longevity, and different dynamic methods topic to shocks and unpredictable volatility. If the assumptions of those fashions later show to be incorrect, or if errors in these fashions escape the controls in place to detect them, future efficiency will fluctuate from projected outcomes;

  • Reinsurers to which Aegon has ceded vital underwriting dangers could default on their obligations;

  • Modifications in buyer habits and basic public opinion referring to, amongst different issues, the kind of merchandise offered by Aegon, together with the authorized, regulatory or enterprise want to fulfill altering buyer expectations;

  • Buyer responsiveness to each new merchandise and distribution channels;

  • As a result of Aegon’s operations help complicated transactions and are extremely depending on the right functioning of data know-how, operational dangers corresponding to system disruptions or crashes, breaches of safety or privateness. knowledge, cyber assaults, human error, lack of ability to guard personally identifiable info, adjustments in operational practices or insufficient controls, together with over third events with whom we do enterprise, can disrupt the enterprise of Aegon, injury its fame and adversely have an effect on its outcomes of operations, monetary situation and money circulate;

  • The impression of acquisitions and divestitures, restructurings, product withdrawals and different uncommon gadgets, together with Aegon’s potential to combine acquisitions and obtain anticipated outcomes and synergies from acquisitions;

  • Aegon’s lack of ability to attain anticipated ranges of revenue or operational effectivity, in addition to different administration initiatives associated to value financial savings, Holding’s money capital, gross leverage and free money circulate ;

  • Modifications in central financial institution and / or authorities insurance policies;

  • Litigation or regulatory motion that would require Aegon to pay substantial damages or change the best way Aegon does enterprise;

  • Aggressive, authorized, regulatory or tax adjustments that have an effect on the profitability, value of distribution or demand for Aegon merchandise;

  • Penalties of an precise or potential rupture of the European Financial Union in complete or partly, or of the UK’s exit from the European Union and potential penalties if different international locations of the European Union go away the European Union;

  • Modifications in legal guidelines and laws, notably these affecting the flexibility of Aegon operations to rent and retain key personnel, the taxation of Aegon firms, the merchandise Aegon sells and the attractiveness of sure merchandise to its shoppers ;

  • Regulatory adjustments referring to the pension, funding and insurance coverage industries within the jurisdictions wherein Aegon operates;

  • Standardization initiatives of supranational standardization our bodies such because the Monetary Stability Board and the Worldwide Affiliation of Insurance coverage Supervisors or adjustments to those requirements that will impression monetary regulation at regional stage (such because the EU) nationwide or US or state stage its utility to Aegon, together with the designation of Aegon by the Monetary Stability Board as a International Systemically Essential Insurer (G-SII); and

  • Modifications in accounting laws and insurance policies or a change by Aegon within the utility of such laws and insurance policies, willfully or in any other case, which can have an effect on Aegon’s reported outcomes, fairness or regulatory capital adequacy ranges .

This doc accommodates info that’s or will be thought-about inside info inside the which means of Article 7 (1) of the EU Market Abuse Regulation (596/2014). Additional particulars of the potential dangers and uncertainties affecting Aegon are described in its filings with the Netherlands Securities and Change Fee and the Dutch Securities and Change Fee, together with the annual report. These forward-looking statements converse solely as of the date of this doc. Besides as required by relevant regulation or regulation, Aegon expressly disclaims any obligation or dedication to publicly submit any replace or revision to any forward-looking assertion contained herein to replicate any change in Aegon’s expectations on this regard or any change within the occasions, situations or circumstances on which such assertion relies.



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