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AEGON NV (AEG)

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  • Apr. 26, 2011, 9:47 AM
    Dutch insurer Aegon (AEG +2.4%) will sell its U.S.-based Transamerica Reinsurance business to French reinsurer Scor for $900M - a fraction of what Aegon paid for Transamerica 12 years ago - as part of its plan to repay state aid. Analysts say the sale proceeds disappoint but are pleased that Aegon is ready to free itself from the government lifeline. (PR)
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Company Description
Aegon NV provides life insurance, pensions and asset management products and services in the US, Europe, and Asia. It offers life and protection, and accidental death products. It also offers individual savings and retirement products.
Sector: Financial
Industry: Life Insurance
Country: Netherlands