Mortgage Industry News

← Back

AEGON announces embedded value of 16 billion

Date: Fri, 08 Aug 03 Analysis

LONDON, UK - AEGON, one of the world's leading insurance groups, has announced that its total embedded value is £16 bn.

The embedded value of AEGON's life insurance business was calculated at £22 bn.

The value of new business sold in 2002 was £63m, reflecting the present value of the projected net profits arising from the sale of new business in 2002.

'We believe that embedded value can provide a meaningful measure for investors and the financial community to gain additional insight into AEGON, as it is a tool we use in managing our life operations,' said Donald J. Shepard, CEO and chairman of the Executive Board.

Embedded value life insurance has been calculated based on AEGON's own principles.

© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.