AEGON N.V. -- Moody's assigns a Baa3(hyb) rating to Aegon N.V.'s proposed perpetual contingent convertible notes
Posted on Tuesday October 09, 2018

Moody's approach to rating such "high trigger" contingent capital securities is described in its cross-sector insurance rating methodology Assigning Instrument Ratings for Insurers (https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1093824). The Baa3(hyb) rating of the notes reflects their deeply subordinated status (the notes rank junior to Aegon's senior creditors, including instruments that qualify as Tier 2 and Tier 3 Own funds, pari passu with obligations that count as Tier 1 Own funds and senior to common shares), and the risk of coupon cancellation on a non-cumulative basis (coupons can be cancelled at any time at the issuer option and are mandatorily cancelled if the Group's Solvency II ratio falls below 100% or in case of regulatory intervention). The notes will also be converted in full to common shares if the Group's Own funds fall below the Group's minimum capital requirement or in case Aegon is declared insolvent.

Aegon: Transamerica settles universal life litigation
Posted on Wednesday October 03, 2018

Aegon’s subsidiary Transamerica today announces an agreement that would resolve litigation challenging certain monthly deduction rate adjustments on universal life insurance policies in the United States. Transamerica’s universal life insurance policies permit the company to adjust monthly deduction rates up to a contractually guaranteed maximum, subject to certain conditions. Transamerica implemented these adjustments, necessitated by low long-term interest rates, changes in expectations as to future mortality experience, and other factors, and in accordance with the policies’ contractual terms.

Aegon’s US capital position to benefit significantly from merger of legal entities
Posted on Monday September 24, 2018

Aegon expects a one-time benefit to capital generation of approximately USD 1 billion as a result of the merger of two legal entities. This follows changes to the existing US capital framework for variable annuities proposed by the National Association of Insurance Commissioners (NAIC). “Merging two of our US entities simplifies our legal structure, increases our capital buffer, and leads to the release of reserves and higher diversification benefits”, said Alex Wynaendts, CEO of Aegon.

10 Best Stocks Under $10
Posted on Thursday September 20, 2018

Good things come in small packages goes the saying. Nowhere is that truer than in the markets where stocks under $10 grow to be $100 and possibly even $1,000 over time.