Published 03-29-18
Issued by Aegon
“Our work addresses a fundamental and universal need: financial security. Literally millions of people rely on us. Last year alone, we paid out close to €50 billion in claims and benefits to our customers. Financial security is something that many people lack, which not only has serious implications for them, but for wider society too. We’re here to change that.”
“Our work addresses a fundamental and universal need: financial security. Literally millions of people rely on us. Last year alone, we paid out close to €50 billion in claims and benefits to our customers. Financial security is something that many people lack, which not only has serious implications for them, but for wider society too. We’re here to change that.”
Alex Wynaendts, Aegon CEO
Aegon is an international financial services company with nearly 30 million customers in the Americas, Europe and Asia. Its purpose is to help people achieve a lifetime of financial security. The company’s latest integrated report sets out how Aegon creates long-term value for society – not only as a provider of financial services, but also as an employer and investor.
Changing operating environment
Over the past year, Aegon has seen significant change in its operating environment. Interest rates are still very low, despite recent increases in the US and UK. There’s been an increase in financial regulation, together with significant economic and political uncertainty. Society is also changing rapidly, particularly with aging populations and the spread of digital technology.
In response, Aegon is adapting quickly, restructuring its businesses, expanding in new growth areas and investing in new technologies that will help bring the company much closer to its customers. Aegon’s strategy focuses on areas where it creates most value for society: in helping customers improve their financial security and well-being; in being a leader in retirement and healthy aging; and, through its investments, in helping combat the effects of climate change.
Key challenges
This year’s Review also deals with key challenges, particularly the impact of restructuring and job losses in the financial sector, as well as the recapitalization last year of Aegon’s Dutch business. In addition, the Review provides details of the company’s commitment to paying fair taxes, investing responsibly and how it is contributing to the UN Sustainable Development Goals.
2017 highlights
Media Contact:
Dick Schiethart
Senior spokesperson
Group Corporate Communications
M + 31 62 28 89 925
T + 31 70 344 88 21