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0 0.000982961992136341 0.000163826998689439 0.000982961992136341 0.000163826998689439 -0.00229357798165141 -0.000655307994757464 -0.00147444298820437
Stock impact report

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
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