The Hague, September 27, 2022 – Aegon has accomplished the share buyback program introduced on July 1, 2022, geared toward neutralizing the dilutive impact of the 2021 last dividend paid in shares.
The repurchased shares shall be held as treasury shares and shall be used to pay future dividends in shares. Between July 7, 2022 and September 27, 2022, widespread shares for an quantity of EUR 107 million had been repurchased. A complete of 24,363,895 widespread shares had been repurchased at a mean value of EUR 4.38 per share.
This share buyback is as well as to the prevailing EUR 300 million share buyback that was introduced on March 23, 2022. The second tranche of this share buyback for an quantity of EUR 100 million commenced on July 7, 2022 and was accomplished on September 27, 2022.
Aegon is an built-in, diversified, worldwide monetary providers group. The firm affords funding, safety, and retirement options, with a strategic give attention to three core markets (the United States, the United Kingdom, and the Netherlands), three progress markets (Spain & Portugal, Brazil, and China), and one world asset supervisor. Aegon’s goal of Helping folks dwell their finest lives runs by means of all its actions. As a number one world investor and employer, the corporate seeks to have a optimistic influence by addressing vital environmental and societal points, with a give attention to local weather change and inclusion & range. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock Exchange. More data could be discovered at aegon.com.
The statements contained on this doc that aren’t historic details are forward-looking statements as outlined within the US Private Securities Litigation Reform Act of 1995. The following are phrases that determine such forward-looking statements: purpose, imagine, estimate, goal, intend, might, anticipate, anticipate, predict, challenge, relying on, plan, proceed, need, forecast, aim, ought to, would, may, is assured, will, and comparable expressions as they relate to Aegon. These statements might comprise details about monetary prospects, financial circumstances and tendencies and contain dangers and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, targets, efforts and expectations and different occasions or circumstances which might be partially depending on future occasions are forward-looking statements. These statements are usually not ensures of future efficiency and contain dangers, uncertainties and assumptions which might be tough to predict. Aegon undertakes no obligation, and expressly disclaims any responsibility, to publicly replace or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely replicate firm expectations on the time of writing. Actual outcomes might differ materially and adversely from expectations conveyed in forward-looking statements due to adjustments attributable to varied dangers and uncertainties. Such dangers and uncertainties embrace however are usually not restricted to the next:
- Unexpected delays, difficulties, and bills in executing towards our environmental, local weather, range and inclusion or different “ESG” targets, targets and commitments, and adjustments in legal guidelines or rules affecting us, similar to adjustments in knowledge privateness, environmental, security and well being legal guidelines;
- Changes normally financial and/or governmental circumstances, significantly within the United States, the Netherlands and the United Kingdom;
- Civil unrest, (geo-) political tensions, navy motion or different instability in a rustic or geographic area;
- Changes within the efficiency of monetary markets, together with rising markets, similar to with regard to:
- The frequency and severity of defaults by issuers in Aegon’s mounted revenue funding portfolios;
- The results of company bankruptcies and/or accounting restatements on the monetary markets and the ensuing decline within the worth of fairness and debt securities Aegon holds;
- The results of declining creditworthiness of sure public sector securities and the ensuing decline within the worth of presidency publicity that Aegon holds;
- Changes within the efficiency of Aegon’s funding portfolio and decline in rankings of Aegon’s counterparties;
- Lowering of a number of of Aegon’s debt rankings issued by acknowledged score organizations and the adversarial influence such motion might have on Aegon’s potential to elevate capital and on its liquidity and monetary situation;
- Lowering of a number of of insurer monetary power rankings of Aegon’s insurance subsidiaries and the adversarial influence such motion might have on the written premium, coverage retention, profitability and liquidity of its insurance subsidiaries;
- The impact of the European Union’s Solvency II necessities and different rules in different jurisdictions affecting the capital Aegon is required to preserve;
- Changes affecting rate of interest ranges and persevering with low or quickly altering rate of interest ranges;
- Changes affecting forex trade charges, specifically the EUR/USD and EUR/GBP trade charges;
- Changes within the availability of, and prices related to, liquidity sources similar to financial institution and capital markets funding, in addition to circumstances within the credit score markets normally similar to adjustments in borrower and counterparty creditworthiness;
- Increasing ranges of competitors within the United States, the Netherlands, the United Kingdom and rising markets;
- Catastrophic occasions, both artifical or by nature, together with by the use of instance acts of God, acts of terrorism, acts of conflict and pandemics, may end in materials losses and considerably interrupt Aegon’s business;
- The frequency and severity of insured loss occasions;
- Changes affecting longevity, mortality, morbidity, persistence and different components which will influence the profitability of Aegon’s insurance merchandise;
- Aegon’s projected outcomes are extremely delicate to complicated mathematical fashions of monetary markets, mortality, longevity, and different dynamic programs topic to shocks and unpredictable volatility. Should assumptions to these fashions later show incorrect, or ought to errors in these fashions escape the controls in place to detect them, future efficiency will differ from projected outcomes;
- Reinsurers to whom Aegon has ceded important underwriting dangers might fail to meet their obligations;
- Changes in buyer conduct and public opinion normally associated to, amongst different issues, the kind of merchandise Aegon sells, together with authorized, regulatory or industrial necessity to meet altering buyer expectations;
- Customer responsiveness to each new merchandise and distribution channels;
- As Aegon’s operations help complicated transactions and are extremely depending on the right functioning of knowledge know-how, operational dangers similar to system disruptions or failures, safety or knowledge privateness breaches, cyberattacks, human error, failure to safeguard personally identifiable data, adjustments in operational practices or insufficient controls together with with respect to third events with which we do business might disrupt Aegon’s business, injury its fame and adversely have an effect on its outcomes of operations, monetary situation and money flows;
- The influence of acquisitions and divestitures, restructurings, product withdrawals and different uncommon objects, together with Aegon’s potential to combine acquisitions and to get hold of the anticipated outcomes and synergies from acquisitions;
- Aegon’s failure to obtain anticipated ranges of earnings or operational efficiencies, in addition to different administration initiatives associated to price financial savings, Cash Capital at Holding, gross monetary leverage and free money move;
- Changes within the insurance policies of central banks and/or governments;
- Litigation or regulatory motion that would require Aegon to pay important damages or change the way in which Aegon does business;
- Competitive, authorized, regulatory, or tax adjustments that have an effect on profitability, the distribution price of or demand for Aegon’s merchandise;
- Consequences of an precise or potential break-up of the European financial union in complete or partially, or the exit of the United Kingdom from the European Union and potential penalties if different European Union international locations depart the European Union;
- Changes in legal guidelines and rules, significantly these affecting Aegon’s operations’ potential to rent and retain key personnel, taxation of Aegon corporations, the merchandise Aegon sells, and the attractiveness of sure merchandise to its customers;
- Regulatory adjustments relating to the pensions, funding, and insurance industries within the jurisdictions during which Aegon operates;
- Standard setting initiatives of supranational commonplace setting our bodies such because the Financial Stability Board and the International Association of Insurance Supervisors or adjustments to such requirements which will have an effect on regional (similar to EU), nationwide or US federal or state stage monetary regulation or the appliance thereof to Aegon, together with the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII); and
- Changes in accounting rules and insurance policies or a change by Aegon in making use of such rules and insurance policies, voluntarily or in any other case, which can have an effect on Aegon’s reported outcomes, shareholders’ fairness or regulatory capital adequacy ranges.
This doc incorporates data that qualifies, or might qualify, as inside data inside the which means of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further particulars of potential dangers and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, together with the Annual Report. These forward-looking statements converse solely as of the date of this doc. Except as required by any relevant legislation or regulation, Aegon expressly disclaims any obligation or enterprise to launch publicly any updates or revisions to any forward-looking statements contained herein to replicate any change in Aegon’s expectations with regard thereto or any change in occasions, circumstances or circumstances on which any such assertion is predicated.
- 20220927 – PR – Aegon completes share purchase again program