What is AEGON NV Return On Asset? AED

Third-party net deposits on the global platforms were EUR2.1 billion, driven by significant net deposits in various investment strategies in the fixed income platform. We want to develop the online bank Knab into a digital gateway for individual retirement solutions. Knab continued its growth trajectory and added more than 5,000 customers in this quarter. In the United Kingdom, assets under administration reached GBP200 billion for the first time, driven by net deposits and favorable market movements. Our aim is to grow in the retail and workplace channels of our platform business. In these channels, we doubled the net deposits to GBP1 billion, which included a significant massive trust contract win.

Furthermore, eligible owned funds reduced due to tiering restrictions on the amount of deferred tax assets that we are allowed to recognize as capital. We saw the third quarter operating result come in at €429 million. Adverse markets have impacted our results in particular in Asset Management and in the United States.

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Another priority is proactively managing our long-https://intuit-payroll.org/ care portfolio. In the second quarter, we obtained approval for additional rate increases worth $64 million. This brings the total to $176 million and means that we have already achieved over 50% of our $300 million target. Second, we will remain exposed to risks from changes in realized and implied volatility. We considered hedging this, but concluded that the cost of doing so was onerous relative to the benefits that we bring to our shareholders.

We have Aegon Delivers Strong Underlying Earnings, Sales And Value Of New Business d the rapid pace and execution rhythm throughout the second quarter. We’ve been successful in doing that as we have completed another 110 initiatives in the second quarter, bringing the total to over 500. This means that 45% of all initiatives have now been fully implemented and they will contribute to the operating results over time. Netherlands-based AEGON said its underlying earnings, which strips out asset value reassessments, investment gains and other adjustments to provide a more accurate reading of the company’s operating performance, rose 2.7 percent. Compared to the third quarter of 2016, Aegon saw a 31% rise in net income to €469 million ($545 million) for the same period this year. “Higher underlying earnings, fair value items, and realised gains more than offset an increase in other charges driven by the conversion of the largest block of universal life business in the United States to a new model,” it said. Higher average shareholders’ equity excluding revaluation reserves and lower net underlying earnings compared with the first quarter 2011, resulted in a return on equity of 6.9% for the first quarter 2012.

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In recent years, AEGON has implemented a broad restructuring program to sharpen its focus on its core lines of business, reduce significantly its overall cost base, and create greater efficiencies across the organization. This has resulted in a better balance between spread-based and fee-generating business and a substantially improved risk-return profile, the divestment of non-core businesses, a lower cost base and an improved capital base ratio. People do not always feel equipped to choose between the range of financial products and services as financial services products are often difficult to understand, most of them are not sure where to seek support and advice. So, on the operating capital generation, you said is it more of a conversation for the end of the year. I would just say that, so far, the progress has been actually quite good both in terms of implementing the operational improvement plan, but also the macroeconomics have been favorable for us. The way that we kind of think about it is that, we’ve kind of, drastically reduced the downside risk in the overall targets that we’ve had at the Capital Markets Day.

And within that, it is such a small positive from the buyout program or a small negative from the implementation of the dynamic hedge. And the capital back in the VA block — the statutory capital back in the VA block today is around $2 billion. Once we implement the dynamic hedge, we think that will drop to around about $1.4 billion.

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Following this review, we have decided to extend our internal reinsurance of TLB’s closed block to Transamerica. As of the fourth quarter of 2022, Transamerica will also reinsure the remaining 75% of TLB’s close block of universal life policies that have previously not been reinsured meaning that 100% will now be internally reinsured. Transamerica will hold additional reserves to cover the underlying risks, but it will also be allowed to recognize excess capital of TLB in its capital position. This frees up around $600 million of excess capital on a US level, which will increase Transamerica’s RBC ratio by approximately 30 percentage in the fourth quarter of 2022. And the reason for that is, there’s obviously quite a few variables here in terms of the take-up rates from the buyout program, which will, in itself, may be influenced by the equity market and the interest rates. I would like you all to take away from today’s presentation that we are making steady progress on our strategic priorities and our financial targets. We have increased our operating results supported by all segments.

• As indicated, we think the net impact of the two will be a no worse than a 5 percentage point hit to the RBC ratio.
• If you look at the variable annuity block of business post the implementation of the dynamic hedge, capital generation will be lower.
• Economic recovery, aided by increased vaccination rates, supported our results.
• If the correlation is 0, the equities are not correlated; they are entirely random.
• The transaction enables us to accelerate the return of capital to stockholders.
• In the Netherlands the operating result from our bank Knab and from Workplace Solutions increased supported by business growth.

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