Aegon to include Bank in calculation of Group Solvency II ratio

Regulatory News:

On July 11, the Dutch Central Bank published industry-wide guidelines regarding the treatment of banks in Solvency II ratios. As a consequence, Aegon will include Aegon Bank in the calculation of its Group Solvency II ratio going forward. This presentational change has no impact on Aegon’s capital allocation decisions.

This change will be implemented ultimately by the end of 2020. The estimated negative impact of the change, based on Aegon’s capital position per March 31, 2020, is 4 percentage points on the Group Solvency II ratio, which was reported at 208%.

About Aegon

Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. More information on aegon.com.

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