Capital markets day 2023: transforming aegon – the next chapter

The hague, june 2022, 2023 - aegon's ambition is to build leading businesses offering customers investment, protection and retirement solutions. today, aegon presents the next chapter of this transformation. aegon ceo, lard friese, will be joined by cfo matt rider, duncan russell, chief transformation officer, will fuller, ceo of transamerica – aegon's largest business unit – and other members of the management team of transamerica to outline their plans to create value. the event, entitled “transforming aegon – the next chapter,” follows the successful execution of the first phase of the company's transformation that was announced at aegon's 2020 capital markets day (cmd). aegon ceo, lard friese, commented: “today, aegon is a more focused company with improved operational performance, a stronger balance sheet, and an enhanced risk profile. we have delivered on the plans outlined at our last capital markets day. the transaction to combine aegon's dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r. closes off the first chapter of aegon's transformation and enables us to accelerate the execution of our strategy. “at today's cmd, we will outline the steps we are taking to ensure that transamerica, our us subsidiary, captures its full potential. transamerica has had a long and proud history of making financial services available to the many, not just the few. we aim to accelerate transamerica's growth and build america's leading middle market life insurance and retirement company. this rapidly growing market, representing 68 million middle income households, is the largest in the us and is relatively underserved by the financial services industry. transamerica is well positioned to grow and to capture the opportunities in this market,” said lard friese. transamerica's strategy consists of four focus areas. first, transamerica will invest further in world financial group (wfg), its insurance distribution network of around 70,000 independent agents. wfg distributes transamerica products, as well as those of other insurers. its distinctive, nationwide network is the third largest agency force in the united states and the largest in canada. wfg's agents come from a wide range of diverse cultural backgrounds, and meet the needs of the communities in which they operate. transamerica's ambition is to increase the number of wfg agents to 110,000 by 2027, while at the same time improving agent productivity.
AEG Ratings Summary
AEG Quant Ranking