Aegon continues to actively and closely monitor developments around the coronavirus (Covid-19) and its impact. Unfortunately, as you will no doubt have seen and heard, it is expected that it will continue to spread in large parts of the world for some time yet, and to severely impact people’s lives, our communities, society, and the global economy.
Our primary responsibility as a company is to protect the savings of our customers and to safeguard their long-term financial plans.
A global team within Aegon is actively monitoring developments and closely following the guidance of the public health authorities. Immediately after the coronavirus broke out in Asia we took steps to implement company-wide measures to contain the spread. These are designed to protect the health and safety of our employees, and are crucial in sustaining the seamless service we offer our customers. That will remain our focus and top priority until this situation abates.
The management board actively assesses the potential for impact on Aegon and will take further actions if needed. We have full confidence in Aegon's financial strength. We have a strong capital position and our key priority is to maintain a healthy balance sheet in order to continue to safeguard the interests of all of our stakeholders. We have extensive hedging and reinsurance positions in place, and continuously monitor market and economic volatility.
These are circumstances none of us has had to face before in our lifetime. To our customers and business partners, thank you for your continued support. Our employees are doing all they can to support and serve you and we will do everything within our power to ensure that this continues throughout these testing times.
We are here for you today, tomorrow and far into the future. This serious situation has not changed that fact, and nor will it. We remain focused on our purpose to help people achieve a lifetime of financial security.
CEO of Aegon N.V.