AEGON aims to secure stable and strong capital adequacy for its businesses, strengthening its ability to withstand adverse market conditions and ensuring the company is able to meet long-term obligations toward its stakeholders.
Guiding principles
AEGON has a number of guiding principles, which determine its approach to capital and liquidity management:
- Ensure AEGON’s business and operating units have strong capital adequacy.
- Manage and allocate capital as efficiently as possible, maximizing returns and supporting the company’s overall objective of sustainable, profitable growth.
- Maintain overall capital strength and an efficient capital structure through management of the company’s capital base and leverage.
- Ensure sufficient liquidity to meet obligations at a reasonable cost to the company.
- Ensure AEGON’s continued access to international money and capital markets on competitive terms and thereby reduce the company’s overall cost of capital.
Taken together, AEGON believes these guiding principles strengthen the company’s ability to withstand adverse market conditions, enhance its financial flexibility and serve the long-term interests of both the company and its stakeholders.
Governance
Since October 2009, AEGON has been subject to group supervision by the Dutch Central Bank in accordance with the requirements of the European Union’s Financial Conglomerate Directive. AEGON’s Corporate Treasury manages and coordinates capital and liquidity management strategies and processes. The department acts under the authority of the Group Risk & Capital Committee (use the link for further details on this Committee).