Aegon Ltd. · EURONEXT:AGN
Aegon — Investor Day (December 2009)
17 slides from Aegon's investor day presentation, Dec 2, 2009
Slide 1: Well-positioned in the Americas
Well-positioned in the Americas Mark Mullin CEO Americas Analyst and Investor Day, New York City, December 2, 2009 Local knowledge. Global power. 1
Slide 2: Key messages
Key messages o The US market is the largest market in the world and AEGON is a top player o We have transformed the organization to simplify the business – Capture synergies – Economies of scale – Share best practices o We are focused in key attractive markets of life and retirement o We have a stro
Slide 3: Our ambition
Our ambition “To be a leader in helping customers secure their financial futures” o Rebalance capital allocation o Improve growth and returns o Reduce financial markets risks o Manage AEGON as an international company …resulting in sustainable profitable growth Local knowledge. Global power. 3
Slide 4: Our action plan
Our action plan 1. Create a more balanced mix of business through disciplined portfolio management – balance growth and earnings quality – balance product offering – balance risk/reward profile 2. Restructure organization and aggressively pursue organizational synergies 3. Capitalize on competitive
Slide 5: Transformed organization by aligning complementary businesses
Transformed organization by aligning complementary businesses Mon LTC Work SVS Life site AFP TCM DIA ADMS TAM TRS WFG TRM Clark Individual Employer Life and Savings and Solutions and Alternative Life Protection Retirement Pensions Markets Reinsurance Serving Serving Serving Brazil A retail life savi
Slide 6: New structure is capturing synergies and economies of scale
New structure is capturing synergies and economies of scale o Aggressive expense management has resulted in cost savings of 10%* o Consolidated back office functions within Life and Protection o Merged broker/dealer operations o Combined marketing and distribution groups within Life and Protection o
Slide 7: Cost savings initiatives
Cost savings initiatives o Salary freeze and headcount reductions o Discontinued operations o Distribution restructuring o Reduced travel and event expenses o Technology efficiencies Cost savings realized to date as of Q3 2009 140 AEGON Americas committed to cost saving initiatives of USD 140 millio
Slide 8: Leading in the US life and retirement market
Leading in the US life and retirement market o Largest life insurance and pension market in the world o Industry fundamentals and demographic attractiveness have both improved o Our competitive advantages and distribution capabilities position us as a leader in each business unit #5 in both term #7
Slide 9: Life and Protection
Life and Protection o Largest America’s segment from both an earnings and EV perspective Current o Business is primarily mortality and morbidity risk based products of life Portfolio insurance, supplemental health, specialty insurance and long term care o Diverse distribution network focused on targ
Slide 10: Individual Savings and Retirement
Individual Savings and Retirement o Delivers investment products and solutions to individuals Current o Manufacturer and distributor of fixed and variable annuities and mutual funds Portfolio o Provider of personalized retirement planning o USD 78 billion of assets under management o Serving the at-
Slide 11: Employer Solutions and Pensions
Employer Solutions and Pensions o Top provider of employee benefit products and services, including retirement Current plans, worksite marketed life and health products, synthetic GICs, and Portfolio executive compensation consulting o USD 116 billion of assets under management o Serving the accumul
Slide 12: Alternative Markets
Alternative Markets o Brazil: 2009 life premiums of USD 145 million Current o Mexico: ranked 9th in worksite life insurance sales Portfolio o Canada: CND 10 billion in assets, with a life insurance market share of 5.4% and a segregated fund market share of 2.7% o Provides a quality entry point and l
Slide 13: Life Reinsurance
Life Reinsurance o Business consists primarily of mortality risk with smaller segments consisting Current of supplemental health and equity guarantee-related risks Portfolio o TARe ranks 2nd in US and 7th globally in life reinsurance new business o Primary markets are the US, Korea, Japan, Mexico, B
Slide 14: Our accomplishments
Our accomplishments Restructured the organization and are aggressively pursuing organizational synergies o Combined 12 business units into 3 core US life and retirement segments o Expense management initiatives have resulted in cost savings of more 10% Created a more balanced mix of business through
Slide 15: Conclusions
Conclusions o The US market is the largest market in the world and AEGON is a top player o We have transformed the organization to simplify the business – Capture synergies – Economies of scale – Share best practices o We are focused in key attractive markets of life and retirement o We have a stron
Slide 16: Q&A
Q&A Local knowledge. Global power. 16
Slide 17: Disclaimer
Disclaimer Forward-looking statements The statements contained in this presentation that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe,