Aegon Annual Report 2012

More documents

Recommendations

Info

28Business overview Results of operations AmericasResults 2011 AmericasAmounts in USD millionsAmounts in EUR millions2011 2010 % 2011 2010 %Net underlying earnings 1,331 1,383 (4%) 957 1,047 (9%)Tax on underlying earnings 440 485 (9%) 316 367 (14%)Underlying earnings before tax byproduct segmentLife & Protection 727 837 (13%) 523 634 (18%)Fixed annuities 286 439 (35%) 206 333 (38%)Variable annuities 358 216 66% 258 164 57%Retail mutual funds 22 9 144% 15 7 114%Individual Savings & Retirement 666 664 - 479 504 (5%)Employer Solutions & Pensions 326 307 6% 234 231 1%Canada 51 54 (6%) 37 40 (8%)Latin America 1 6 (83%) - 5 -Underlying earnings before tax 1,771 1,868 (5%) 1,273 1,414 (10%)Net fair value items (663) (32) - (477) (24) -Gains / (losses) on investments 166 497 (67%) 119 376 (68%)Impairment charges (349) (504) 31% (250) (382) 35%Other income / (charges) (49) (402) 88% (35) (304) 88%Run-off businesses 39 (35) - 28 (26) -Income before tax (excluding incometax from certain proportionatelyconsolidated associates) 915 1,392 (34%) 658 1,054 (38%)Income tax from certain proportionatelyconsolidated associates included inincome before tax 1 2 (50%) 1 2 (50%)Income tax (20) 66 - (15) 50 -Of which Income tax from certainproportionately consolidatedassociates included in income beforetax (1) (2) 50% (1) (2) 50%Net income 895 1,458 (39%) 643 1,104 (42%)Life insurance gross premiums 8,350 8,584 (3%) 6,004 6,499 (8%)Accident and health insurancepremiums 2,326 2,308 1% 1,672 1,748 (4%)Total gross premiums 10,676 10,892 (2%) 7,676 8,247 (7%)Investment income 4,959 5,282 (6%) 3,565 3,999 (11%)Fees and commission income 1,066 1,341 (21%) 766 1,015 (25%)Other revenues 2 2 - 1 1 -Total revenues 16,707 17,517 (5%) 12,008 13,262 (9%)Commissions and expenses 4,941 4,720 5% 3,553 3,574 (1%)of which operating expenses 1,950 1,931 1% 1,402 1,463 (4%)
Annual Report 201229Amounts in USD millionsAmounts in EUR millionsNew life sales 2011 2010 % 2011 2010 %Life & Protection 442 481 (8%) 317 364 (13%)Employer Solutions & Pensions 24 22 9% 17 16 6%Canada 65 60 8% 47 46 2%Latin America 51 44 16% 37 33 12%Total recurring plus 1/10 single 582 607 (4%) 418 459 (9%)Amounts in USD millionsAmounts in EUR millions2011 2010 % 2011 2010 %New premium production accident and healthinsurance 812 734 11% 584 555 5%Amounts in USD millionsAmounts in EUR millionsGross deposits (on and off balance) 2011 2010 % 2011 2010 %Life & Protection 12 10 20% 9 8 13%Fixed annuities 313 585 (46%) 225 443 (49%)Variable annuities 5,314 3,830 39% 3,821 2,899 32%Retail mutual funds 2,785 3,486 (20%) 2,002 2,639 (24%)Individual Savings & Retirement 8,412 7,901 6% 6,048 5,981 1%Employer Solutions & Pensions 23,266 19,247 21% 16,727 14,570 15%Canada 335 606 (45%) 241 459 (47%)Total gross deposits 32,029 27,764 15% 23,028 21,018 10%Weighted average rateClosing rate as ofExchange ratesPer 1 EUR 2011 2010December31, 2011December31, 2010USD 1.3909 1.3210 1.2982 1.3362CAD 1.3744 1.3599 1.3218 1.3322
Page 1 and 2: AnnualRepor t2012
Page 3: This pdf is interactive. The conten
Page 6 and 7: 4Strategic information Letter of th
Page 8 and 9: 6Strategic information Composition
Page 10 and 11: 8Strategic information Aegon’s st
Page 12 and 13: 10 Strategic information Aegon’s
Page 14 and 15: 12Business overview History and dev
Page 16 and 17: 14Business overview Selected financ
Page 18 and 19: 16Business overview Business linesB
Page 20 and 21: 18 Business overview Results of ope
Page 22 and 23: 20Business overview Results of oper
Page 34 and 35: 32Business overview Overview Americ
Page 36 and 37: 34 Business overview Overview Ameri
Page 44 and 45: 42 Business overview Overview Ameri
Page 50 and 51: 48Business overview Overview the Ne
Page 52 and 53: 50 Business overview Overview the N
Page 58 and 59: 56Business overview Overview United
Page 60 and 61: 58 Business overview Overview Unite
Page 62 and 63: 60Business overview Overview United
Page 70 and 71: 68Business overview Overview CEEIn
Page 72 and 73: 70Business overview Overview CEEIn
Page 74 and 75: 72Business overview Overview Asiase
Page 76 and 77: 74 Business overview Overview AsiaD
Page 78 and 79: 76Business overview Overview AsiaRe
Page 80 and 81:
78Business overview Overview SpainC
Page 82 and 83:
80Business overview Overview Variab
Page 84 and 85:
82 Business overview Overview Aegon
Page 86 and 87:
84Risk and capital management Risk
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
90 Risk and capital management Risk
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
98 Risk and capital management Risk
Page 102 and 103:
Page 104 and 105:
102Risk and capital management Capi
Page 106 and 107:
104Risk and capital management Capi
Page 108 and 109:
106 Governance Report of the Superv
Page 110 and 111:
108Governance Report of the Supervi
Page 112 and 113:
110Governance Report of the Supervi
Page 114 and 115:
112 Governance Members of the Super
Page 116 and 117:
114 Governance Remuneration Policy
Page 118 and 119:
116Governance Remuneration Policy a
Page 120 and 121:
118Governance Remuneration Policy a
Page 122 and 123:
120Governance Corporate governanceC
Page 124 and 125:
122 Governance Corporate governance
Page 126 and 127:
124Governance Corporate governanceC
Page 128 and 129:
126Governance Code of ethicsCode of
Page 130 and 131:
128Governance Controls and procedur
Page 132 and 133:
130Table of contentsConsolidated fi
Page 134 and 135:
132Consolidated financial statement
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
138 Consolidated financial statemen
Page 142 and 143:
Page 144 and 145:
142Notes to the consolidated financ
Page 146 and 147:
Page 148 and 149:
146 Notes to the consolidated finan
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Page 234 and 235:
Page 236 and 237:
Page 238 and 239:
Page 240 and 241:
Page 242 and 243:
Page 244 and 245:
Page 246 and 247:
Page 248 and 249:
Page 250 and 251:
Page 252 and 253:
Page 254 and 255:
Page 256 and 257:
Page 258 and 259:
Page 260 and 261:
Page 262 and 263:
Page 264 and 265:
Page 266 and 267:
Page 268 and 269:
Page 270 and 271:
Page 272 and 273:
Page 274 and 275:
Page 276 and 277:
Page 278 and 279:
Page 280 and 281:
Page 282 and 283:
Page 284 and 285:
Page 286 and 287:
Page 288 and 289:
Page 290 and 291:
Page 292 and 293:
290 Financial statements of Aegon N
Page 294 and 295:
292Financial statements of Aegon N.
Page 296 and 297:
Page 298 and 299:
Page 300 and 301:
298 Financial statements of Aegon N
Page 302 and 303:
Page 304 and 305:
Page 306 and 307:
Page 308 and 309:
306 Other information Proposal for
Page 310 and 311:
308Other information Major sharehol
Page 312 and 313:
310Other financial information Sche
Page 314 and 315:
312Other financial information Sche
Page 316 and 317:
314 Other financial information Sch
Page 318 and 319:
316Additional informationright to e
Page 320 and 321:
318Additional informationAdditional
Page 322 and 323:
320Additional informationEuropean C
Page 324 and 325:
322 Additional informationNetherlan
Page 326 and 327:
324Additional informationHolders th
Page 328 and 329:
326Additional informationfails to o
Page 330 and 331:
328Additional informationGlossaryAc
Page 332 and 333:
330 Additional informationFinancial
Page 334 and 335:
332Additional informationRenewal of
Page 336 and 337:
334DisclaimerCautionary note regard
Page 338 and 339:
336HeadquarterAegon N.V.Aegonplein
Page 340:
www.aegon.com
show all

Aegon Annual Report 2012

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?