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Aegon completes sale of Unirobe Meeùs Groep

Press release, November 1, 2017

Aegon has successfully completed the sale of Unirobe Meeùs Groep (UMG) to Aon Groep Nederland for EUR 295 million.

The transaction is consistent with Aegon's strategic objective to optimize its portfolio across its businesses and is expected to result in an increase of the Solvency II ratio of Aegon the Netherlands by an estimated 6%-points.

The divestment will lead to a book gain of approximately EUR 180 million, which will be reported in Other income in the fourth quarter of 2017. As a consequence of this transaction, annual underlying earnings before tax will decrease by approximately EUR 20 million going forward.