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By Sean Somerville and Sean Somerville,SUN STAFF Bloomberg News contributed to this article | August 14, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in BTC Baltimore, said yesterday that its second quarter net income rose about 25 percent in U.S. dollars as the company continued to benefit from its acquisition of Providian Corp.Net income for the quarter was $328 million, up from $262 million in the year-ago quarter. Net income per share was 56 cents, up 17 percent from 48 cents a year earlier, as revenue increased 32 percent, to $4.58 billion from $3.47 billion.The company said that in the six-month period, the Providian acquisition boosted net income per share by about 16 percent, while it more than doubled total income from the Americas to $470 million.
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BUSINESS
February 26, 2010
AMSTERDAM - Aegon NV, the bailed-out Dutch insurer, reported a return to profit in the fourth quarter due to gains on investments, a better operating performance and fewer impairments on assets. Net profit was 393 million euros ($530 million), compared with a loss of 1.18 billion euros in the same period a year ago, during the financial crisis. In the Americas, where Aegon does more than half its business and owns the Transamerica company, operating profits were 201 million euros, from a loss of 1.17 billion euros in the fourth quarter of 2008.
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BUSINESS
By BLOOMBERG NEWS | November 10, 2000
Aegon NV, the second-largest Dutch insurer, said yesterday that its third-quarter profit rose 24 percent as the dollar's strength against the euro boosted profit from its U.S. life insurance business. Analysts were disappointed that the company did not raise its earnings outlook. Although Aegon moved its U.S. headquarters to San Francisco after buying Transamerica Corp. for $10.8 billion in July 1999, it retains major operations in Baltimore. Net income rose to $445 million from $358 million a year earlier.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | March 7, 2003
Aegon NV, the No. 2 Dutch insurer with key units in Baltimore, will cut its dividend this year for a second straight year, in part because its fourth-quarter profit plunged 45 percent, the company announced yesterday. Profit for the full year dropped 35 percent, the first annual earnings decline in 14 years. The near-term outlook isn't any better, Aegon said. "Weak and volatile financial markets and geopolitical uncertainty continue to create a difficult operating environment for our businesses," said Baltimorean Donald J. Shepard, the former Aegon USA head who in April ascended to Aegon's chief executive post.
BUSINESS
By Jay Hancock and Jay Hancock,SUN STAFF Bloomberg Business News contributed to this report | March 30, 1996
Aegon NV, a Dutch insurance company with its U.S. headquarters in Baltimore, said its worldwide profit rose by 14.9 percent in guilders last year as all of its business lines produced stronger results.Life insurance showed especially robust profits, helping the company compensate for negative effects of a strong guilder.In trading on the New York Stock Exchange yesterday, Aegon equity securities rose to $47.38 per share, up $1.63.Aegon employs about 900 people in Maryland, where its Aegon USA unit operates Monumental Life Insurance Co. and Monumental General Insurance Group.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 12, 1999
Aegon NV, a giant European insurance company which has its U.S. headquarters in Baltimore, said yesterday that net income jumped 16.1 percent in the first quarter, powered by higher sales of annuities and other products in the United States.The Dutch company made $367 million, or 327 million euros, in the first quarter that ended March 31, compared with net income of $316 million, or 294 million euros, reported for the first quarter of 1998.Shares of Aegon, which trade on the New York Stock Exchange, closed at $89.875, down $1.6875.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | November 16, 1996
Aegon N.V., a Dutch insurance group with U.S. headquarters in Baltimore, said yesterday that third-quarter earnings were 14 percent higher than during the same period last year.Its U.S. sales were led by pension plans and variable universal life insurance, the company said. In the Netherlands, an increase in new production, higher investment income and cost management helped boost returns, the company said.Third-quarter net income was $233 million, compared with $205 million during the comparable period a year ago."
NEWS
By Jay Hancock and Bill Atkinson and Jay Hancock and Bill Atkinson,SUN STAFF | February 19, 1999
Aegon NV, a big, Netherlands-based insurer with U.S. headquarters in Baltimore, agreed yesterday to pay $10.8 billion to acquire Transamerica Corp., the San Francisco insurer famous for its pyramid-shaped building.If sealed as planned this summer, the deal would be the second-largest U.S. life insurance marriage in history, behind American International Group Inc.'s $18.2 billion acquisition of SunAmerica Inc. in August, analysts said. It would create the third-biggest U.S. life insurer.Like most big corporate combinations in recent years, this one is driven by chances to trim overlapping costs and employees, and it raises unsettling questions for workers and their communities.
BUSINESS
April 2, 1993
AEGON nv LB.. .. .. .. .. .. .. .. Ticker.. .. .. .. .. .. .. .. Yesterday's .. .. .. .. .. .. .. .. Symbol.. .. ... .. .. .. .. .. Cls.. .. .. ..Chg. . .. .. .. .. .. .. .. .AEG .. .. .. .. .. .. .. .. .. 49 1/8 .. .. .. .. .+ 1/4 Period ended Dec. 31 .. .. .. .. .. 4th qtr.. .. .. .. .. ..Year ago .. .. .. .. ..Chg. Revenue .. .. .. .. .. $2,236,000.. .. .. .. $1,853,000 .. .. .. ..+20.7% Net Income .. .. .. .. $121,000 .. .. .. .. .. ..103,000 .. .. .. ..+17.
BUSINESS
February 26, 2010
AMSTERDAM - Aegon NV, the bailed-out Dutch insurer, reported a return to profit in the fourth quarter due to gains on investments, a better operating performance and fewer impairments on assets. Net profit was 393 million euros ($530 million), compared with a loss of 1.18 billion euros in the same period a year ago, during the financial crisis. In the Americas, where Aegon does more than half its business and owns the Transamerica company, operating profits were 201 million euros, from a loss of 1.17 billion euros in the fourth quarter of 2008.
BUSINESS
By BLOOMBERG NEWS | September 17, 2002
THE HAGUE, Netherlands - Aegon NV shares closed unchanged yesterday, the day after the No. 2 Dutch insurer's biggest shareholder agreed to pump as much as 2.35 billion euros ($2.28 billion) into the company to help avert a cut in its rating. The shares ended at 11 euros after rallying as much as 6.8 percent. The shareholder, Vereniging Aegon, will sell 25 percent of Aegon's stock and reinvest part of the money in the company. Aegon's U.S. operations are run largely from Baltimore, though its formal headquarters is in San Francisco.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | March 30, 2002
Aegon NV executive Donald J. Shepard, the Baltimore man who next month takes over as chief executive officer of the Dutch insurance giant, last year was paid nearly 50 percent more than the man he is to succeed, according to the company's annual report. Shepard, currently chairman and CEO of Aegon USA Inc., received nearly $2.4 million last year. That was down about 9 percent from what he was paid the year before, but was still about 48 percent more than current Aegon NV Chairman and CEO Kees J. Storm was paid, the annual report states.
BUSINESS
By Jay Hancock | November 14, 2001
IT'S A good thing the Europeans have discovered stock options. Otherwise Dutch insurer Aegon NV couldn't afford Baltimore's Don Shepard as its next chairman. Generous pay is presumably one factor that has kept Shepard, a smart, talented fellow who could make big money at any number of American-owned concerns, reporting to The Hague, the Dutch administrative capital. Aegon was one of the first European firms to figure out that executives work harder and smarter if their pay is linked, U.S.-style, to stock performance.
BUSINESS
By BLOOMBERG NEWS | November 10, 2000
Aegon NV, the second-largest Dutch insurer, said yesterday that its third-quarter profit rose 24 percent as the dollar's strength against the euro boosted profit from its U.S. life insurance business. Analysts were disappointed that the company did not raise its earnings outlook. Although Aegon moved its U.S. headquarters to San Francisco after buying Transamerica Corp. for $10.8 billion in July 1999, it retains major operations in Baltimore. Net income rose to $445 million from $358 million a year earlier.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 12, 1999
Aegon NV, a giant European insurance company which has its U.S. headquarters in Baltimore, said yesterday that net income jumped 16.1 percent in the first quarter, powered by higher sales of annuities and other products in the United States.The Dutch company made $367 million, or 327 million euros, in the first quarter that ended March 31, compared with net income of $316 million, or 294 million euros, reported for the first quarter of 1998.Shares of Aegon, which trade on the New York Stock Exchange, closed at $89.875, down $1.6875.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | February 19, 1999
Donald J. Shepard's job just grew.Aegon NV's $10.8 billion purchase of Transamerica Corp. will give the chairman and chief executive officer of Aegon USA substantial responsibility over what will be the nation's third-largest life insurer.The deal calls for Transamerica Chairman Frank C. Herringer to take a seat on Aegon's board and oversee consumer finance, leasing and real estate for the group. Shepard, 52, will oversee the combined insurance operations in the United States and the rest of the Americas, comprising about 13,500 of the new company's 20,000 employees.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 13, 1999
Aegon USA Inc., the Baltimore unit of Dutch insurance giant Aegon NV, said yesterday that it signed a definitive agreement to sell auto insurer Worldwide Insurance Co. and its property and casualty subsidiaries.Aegon USA said it will sell the company to Cincinnati-based American Financial Group for $162 million.The sale is expected to close at the end of March, and it is subject to regulatory approvals.Aegon USA decided to sell Worldwide because it didn't fit with the company's product line.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF Bloomberg News contributed to this article | May 15, 1998
Dutch insurer Aegon NV, which has its U.S. headquarters in Baltimore, said yesterday that its net income rose 46 percent in the first quarter fueled by an acquisition and strong performance in the Americas.Aegon reported net income of $316 million, or 648 million guilders, for the first quarter that ended March 31, compared with net income of $216 million, or 403 million guilders for the same period a year ago.The company made $1.09 a share in the quarter, up 33 percent from the 82 cents made in the 1997 quarter.
NEWS
By Jay Hancock and Bill Atkinson and Jay Hancock and Bill Atkinson,SUN STAFF | February 19, 1999
Aegon NV, a big, Netherlands-based insurer with U.S. headquarters in Baltimore, agreed yesterday to pay $10.8 billion to acquire Transamerica Corp., the San Francisco insurer famous for its pyramid-shaped building.If sealed as planned this summer, the deal would be the second-largest U.S. life insurance marriage in history, behind American International Group Inc.'s $18.2 billion acquisition of SunAmerica Inc. in August, analysts said. It would create the third-biggest U.S. life insurer.Like most big corporate combinations in recent years, this one is driven by chances to trim overlapping costs and employees, and it raises unsettling questions for workers and their communities.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | January 13, 1999
Aegon USA Inc., the Baltimore unit of Dutch insurance giant Aegon NV, said yesterday that it signed a definitive agreement to sell auto insurer Worldwide Insurance Co. and its property and casualty subsidiaries.Aegon USA said it will sell the company to Cincinnati-based American Financial Group for $162 million.The sale is expected to close at the end of March, and it is subject to regulatory approvals.Aegon USA decided to sell Worldwide because it didn't fit with the company's product line.
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