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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aegon Ltd | NYSE:AEG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.07 | 1.12% | 6.33 | 6.34 | 6.26 | 6.30 | 2,710,997 | 01:00:00 |
Regulatory News:
Today, Aegon N.V. is participating in the annual Morgan Stanley Financial Services Conference, which for the first time, is being held virtually. Aegon’s Group Chief Financial Officer, Matt Rider, will discuss the company’s 2019 results, and provide an update on its capital position in light of the impact of the Coronavirus (COVID-19) outbreak and recent volatility in financial markets.
Aegon remains well capitalized in the upper half of the Solvency II ratio target range. The Group’s Solvency II ratio is estimated at 190% at the end of the first quarter of 2020, based on market data from March 12, 2020 and after allowing for payment of the proposed final dividend. No material adverse impacts on claims ratios have been observed from COVID-19 at this point, nor have we observed any material credit rating migration.
The capital ratios of Aegon’s businesses in the United States, the Netherlands and the United Kingdom are all estimated to be well above the bottom-end of their respective target zones. This is expected to allow for the planned level of remittances to the Group, absent a further significant deterioration of the current status of COVID-19 and ensuing effects on the financial markets.
Aegon is continuously monitoring the market and the economic turbulence that has arisen as a consequence of the COVID-19 outbreak, and its impact on the company. It remains too early to quantify the potential impact on Aegon’s financial performance. The effect on Aegon’s financial results will depend on a range of factors, including the financial markets and underwriting results. At this point, we remain focused on supporting our customers, colleagues and business partners while maintaining our financial and operational resilience.
About Aegon
Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on aegon.com.
Forward-looking statements
The statements contained in this document 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, could, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes 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:
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 Aegon holds; and
The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon 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 Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200319005191/en/
Contacts Media relations Dick Schiethart +31(0) 70 344 8821 dick.schiethart@aegon.com
Investor relations Jan Willem Weidema +31(0) 70 344 8028 janwillem.weidema@aegon.com
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