Aegon’s roots in the Netherlands can be traced back to the first half of the 19th century.
Today, Aegon the Netherlands is one of the country’s largest providers of life insurance, pensions and long-term investment products.
Main business lines
- Life & Savings
- Pensions
- Non-life
- Distribution
Higher underlying earnings before tax in the Netherlands were driven by improved Life & Savings earnings and lower operating expenses following implemented cost reduction initiatives in 2011. Aegon's business in the Netherlands has already realized EUR 89 million of the targeted EUR 100 million reduction in operating expenses. Net income was impacted by a one-off charge of EUR 265 million related to the acceleration of product improvement for unit-linked insurance products.
Aegon employees almost 4,500 people in the Netherlands. Underlying earnings before tax from Aegon's operations in the Netherlands increased 6% in 2012 to EUR 315 million as higher earnings in Life & Savings more than offset lower earnings in Pension and Non-life.
