Insurer Aegon has started the year well. Despite the volatile markets, the company is on track to meet its 2023 strategic and financial goals, and ASR’s acquisition of the Dutch subsidiary also appears to be completed on time.
All can be read in the trade update that Aegon released today. CEO Lard Friese points to a number of reasons for this. ‘We are showing strong commercial growth, particularly in the United States, which is a very important market for us. Life insurance sales are up over 20% and retirement plan sales are also nearly doubled, so it’s doing very well.’
According to Friese, the markets in China and Brazil show the same trend. Furthermore, Friese says, the business in the UK pension plan sector has also done “very well”.
However, Friese also knows how to point out a point for improvement. ‘The retail platform, an investment platform for individuals, has done less well in England because the market is very volatile. Then even the customers are a little more attentive. But overall I would say: it’s going well.’
Acquisition
According to Friese, the takeover by ASR, which should be completed in July this year, is also on schedule. ‘We will combine our Dutch business with ASR, and therefore take an almost 30% stake in the combination. We are working very hard and are on track to close the transaction in the second half of the year.”
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
