CEO Alex Wynaendts will reaffirm the company’s financial targets, first announced last February, and detail the steps Aegon is taking to secure a leading position in each of its chosen markets.
Opening Aegon’s annual Analyst and Investor Conference in New York later today, CEO Alex Wynaendts will reaffirm the company’s financial targets, first announced last February, and detail the steps Aegon is taking to secure a leading position in each of its chosen markets. Mr. Wynaendts will detail the actions management is taking to mitigate the impact of lower capital market returns and Aegon’s decision to lower long-term interest rate assumptions.
The main focus of the two-day conference will be to demonstrate the progress of Aegon’s three strategic business units in the United States; Life & Protection, Individual Savings & Retirement and Employer Solutions & Pensions. Aegon Americas CEO Mark Mullin will provide an overview of the company’s progress in delivering sustainable growth and serving the increasing customer demand for retirement security in Aegon’s largest market, the US. Over the past couple of years, Aegon’s operations in the US – which operate under the Transamerica brand – have been streamlined to focus on the opportunities within its core business of providing life insurance, pensions and investment products.
On Wednesday, Mr. Wynaendts, Mr. Mullin and the senior management from Aegon’s US business units will host a series of small group meetings, providing analysts and investors the opportunity to address specific issues relative to the company’s markets and operations.
Mr. Wynaendts stated: “We welcome this opportunity to reaffirm our commitment to delivering on our 2015 financial targets based on our current assumptions, despite the strong headwinds of the current economic environment. We are taking decisive steps to offset the negative impacts of the market turmoil and as such, remain confident in our ability to deliver the growth and attractive returns which our targets represent.”
The conference presentations will be available on Aegon’s corporate website at 4:00 pm EST / 10:00 pm CET at www.Aegon.com. The formal presentations will be webcast live also on the website beginning at 4:30 pm EST / 10:30 pm CET.