Aegon to divest last block of US life reinsurance business
Aegon Ltd. New York Registry Shares (AEG)
US:NYSE Investor Relations:
aegon.com/investors
Company Research
Source: Business Wire
THE HAGUE, Netherlands--(BUSINESS WIRE)-- Aegon has agreed to divest the last substantial block of its life reinsurance business to SCOR Global Life. The transaction is consistent with Aegon’s stated strategic objective to reduce the amount of capital allocated to its run-off businesses. Under the terms of the agreement, Aegon’s Transamerica life subsidiaries will reinsure approximately USD 700 million of liabilities through SCOR Global Life. The transaction covers the last substantial block of life reinsurance business that Transamerica retained after it divested the vast majority of its reinsurance business to SCOR Global Life in 2011 and 2017. It is expected that the transaction has a one-time benefit of approximately USD 50 million on Transamerica’s capital position and a slightly positive effect on recurring capital generation. Future underlying earnings are not affected by this transaction as
Show less
Read more
Impact Snapshot
Event Time:
AEG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AEG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AEG alerts
High impacting Aegon Ltd. New York Registry Shares news events
Weekly update
A roundup of the hottest topics
AEG
News
- 7 Ways Employers Can Enhance Their Competitive Edge for Human Talent [Yahoo! Finance]Yahoo! Finance
- 'House of the Dragon' Season 2: New 'dueling' trailers released; premiere date announced [USA TODAY]USA TODAY
- Aegon calls €700M fixed-to-floating notes [Seeking Alpha]Seeking Alpha
- Aegon calls EUR 700 million of fixed-to-floating subordinated notesGlobeNewswire
- Aegon: Attractive Remuneration And Transamerica Upside [Seeking Alpha]Seeking Alpha
AEG
Sec Filings
- 3/19/24 - Form 6-K
- 3/1/24 - Form 6-K
- 3/1/24 - Form 6-K
- AEG's page on the SEC website