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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 |
From May 2019 to May 2024
By Tapan Panchal
LONDON--Legal & General Group PLC (LGEN.LN) Monday said it has acquired a 3 billion pounds ($4.35 billion) U.K. annuity portfolio from Aegon NV (AGN.AE).
The insurance and savings company said the deal has been structured initially as a reinsurance contract and covers around 27,000 policy holders. The policy holders will continue to be serviced by Aegon until the policies have been transferred to Legal & General, the company added.
An annuity is a financial product which gives an individual guaranteed income for life after retirement.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
May 23, 2016 02:30 ET (06:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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