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WIKI ANALYSIS
Headquartered in The Hague, Netherlands, Aegon N.V. (AEG) provides a multitude of insurance and pension-based saving and investment solutions. It is one of the world's ten largest life insurance companies ranked by assets, profits and market capitalization. Insurance services include personal and commercial life, health and accident insurance. Savings and investment solutions consist of management services, banking activities and advisory services for retirement and savings. Some of Aegon's prominent subsidiary companies include Transamerica Reinsurance, Transamerica Life Canada, and Monumental Life Insurance Company. The company's operations are segmented into four units: the Americas, the Netherlands, the United Kingdom, and other countries. The Americas accounted for 60% of 2006 income before capital gains and taxes, and includes Aegon's U.S. and Canadian operations. The Netherlands contributed 29%, while the United Kingdom represented 9% of income. Other countries such as Hungary, Spain, Taiwan, and China accounted for 2% of income.
Country
No. of Employees
Main Products
Major Customer Segments
Main Distribution Channels
US
13,544, of which 2,483 agent-employees
Traditional life, life for account of policyholders, pensions, fixed and variable annuities, institutional guaranteed products, fee business (incl. mutual funds), accident and health insurance, life reinsurance
Individuals, corporates, institutions
Independent agents and agent-employees, marketing companies, financial institutions, broker-dealers, wirehouses, affinity groups, direct response, worksite marketing, institutional intermediaries
Canada
692
Traditional life, pensions, variable annuities, fee business (incl. mutual funds)
Individuals
Independent advisors, brokers, financial planners, financial institutions
Netherlands
6,404, of which 1,356 agent-employees
Life insurance, pensions, life cycle, fee business (incl. mutual funds), accident and health insurance, general insurance, banking
Individuals, corporates, institutions
Brokers, tied agents, direct marketing, franchise sales force, worksite marketing
UK
4,639, of which 150 agent-employees
Traditional life, life for account of policyholders, pensions, fee business (incl. mutual funds)
Individuals, corporates, institutions
Financial advisors
Source: Aegon
Comparison to Competitors
References
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