Aegon NV (AEG) Financial News - [$$] Aegon Fully Repays State Aid

Aegon NV (AEG)

[$$] Aegon Fully Repays State Aid

2011-06-15 07:40:39
Quote: BY MAARTEN VAN TARTWIJK AMSTERDAM—Dutch insurer Aegon NV on Wednesday became the first bailed-out company in the Netherlands to free itself from state aid, and said it will focus on organic growth in the near future even though it is now free to make acquisitions. Aegon, which generates the bulk of its profit in the U.S. through its Transamerica unit, received €3 billion($4.32 billion) from the Dutch government in 2008 after its finances were hit by heavy investment losses. The Hague-based firm is the first bailed out company in the Netherlands to fully ......
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Aegon NV Stock Summary

AEGON N.V., through its subsidiaries, provides life insurance, pensions, savings, and investment products in the Americas, Europe, and Asia. It offers general account life insurance products, including permanent life, universal life, and term life insurance; traditional life products, which include life insurance sold as part of defined benefit pension plans, endowment policies, post-retirement annuity products, and group risk products; endowment insurance; pension and annuity insurance; immediate annuity, individual protection, and group protection; and life for account of policyholder products. The company also provides fixed and variable annuities to individuals and pension funds; institu...