Aegon Ltd. · EURONEXT:AGN
Aegon — Aegon Analyst & Investor Webinar - Generating value in Spain and Portugal (December 2019)
11 slides from Aegon's conference presentation, Dec 12, 2019
Slide 1: Generating value in Spain & Portugal
Generating value in Spain & Portugal Tomás Alfaro CEO Aegon Spain December 12, 2019 Helping people achieve a lifetime of financial security
Slide 2: Translating growth opportunities into valuable businesses
Translating growth opportunities into valuable businesses Underlying earnings before tax 1H19 annualized Asia1 Joint ventures in Spain & Portugal2 Scale-up for the Future Drive for growth € 11m € 96m € 129m € 62m Sales CAGR3 2017-1H19 17% 22% 26% AIFMC 19% 15% JVs -28% HNW 1. Consists of High Net Wo
Slide 3: Capturing growth opportunities in Spain & Portugal
Capturing growth opportunities in Spain & Portugal Current organization Aegon Spain & Portugal Focus on personal protection: Term Life, Accident, Health and Household insurance Intermediate 2 million customers with access to millions of Holding companies potential additional customers through JVs Su
Slide 4: Aegon's footprint in Spain & Portugal
Aegon's footprint in Spain & Portugal 1 Bancassurance 2 Own channels Term Life Savings • 375 branches • 0.9m bank customers • 1,000 active brokers • GWP: EUR 32m • 200 active agents • UEBT: EUR 8m • GWP: EUR 146m • 3,000 branches • 425 branches • UEBT: EUR (10)m1 Health • 17m bank customers • 5m ban
Slide 5: Aegon Spain provides growth opportunities in market with attractive fundamentals
Aegon Spain provides growth opportunities in market with attractive fundamentals Growth drivers Aegon Spain …of which bancassurance is the fastest Spanish market is growing… …with an increasing insurance penetration growing segment… Insurance premiums in Spanish market Insurance premiums bancassuran
Slide 6: Successful bancassurance partnerships
Successful bancassurance partnerships • Substantial growth through life insurance companies with Santander created in 2013 - Successful organic growth through increased sales to existing Santander customers - Addition of new JV in Portugal in 2015 - Expansion of partnership in Spain in 2018 to inclu
Slide 7: JVs supported by own channels
JVs supported by own channels Turning around performance of own channels Instrumental role Standalone insurance Operational restructuring in supporting JVs platform to improve performance • Providing back-office and selected • Developed multichannel capabilities • Rationalize distribution, streamlin
Slide 8: Management actions are driving capital generation growth
Management actions are driving capital generation growth • Normalized capital generation benefiting from increasing scale of bancassurance and operational restructuring of own channels • New business is capital efficient with attractive IRRs and payback periods - Business written in 2018 with an IRR
Slide 9: Translating growth opportunities into valuable businesses
Translating growth opportunities into valuable businesses Strong foundation Growth opportunities • Active in fastest growing market • Expanding JVs and product segments penetration • Strong track record in managing • Increasing Health and Term Life bancassurance alliances insurance sales own channel
Slide 10: Thank you
Thank you For questions please contact Investor Relations +31 70 344 8305 ir@aegon.com P.O. Box 85 2501 CB The Hague The Netherlands Helping people achieve a lifetime of financial security
Slide 11: Disclaimer
Disclaimer Cautionary note regarding non-IFRS-EU measures This document includes the following non-IFRS-EU financial measures: underlying earnings before tax, income tax, income before tax, market consistent value of new business and return on equity. These non-IFRS-EU measures are calculated by con