Aegon Reports Steady Operational Improvements. We Maintain our Fair Value Estimate

Within Aegon’s strategic Americas business, the aim continues to be to achieve a top-five term life, whole life, and indexed universal life within Aegon’s individual solutions business. To achieve this, Aegon has set on a path of growth and in this first half achieved new sales of USD 200 million. That is a fair bit better than the USD 178 million that the business achieved in the same period last year—a 12% increase. This sales rise has largely been driven by higher indexed universal life and whole life final expense sold through Aegon’s World Financial Group, or WFG, distribution channel. Management have taken action to strengthen WFG by activating latent producers and increasing the number of licensed agents. The latter now stands at 58,000 as at June 2022 end, also a 12% increase. Transamerica holds a 61% market share in this channel.