Aegon to Sell Majority of U.S. Runoff Businesses
Aegon has announced its intention to sell its two largest runoff businesses in the United States: the payout annuity and bank-owned and corporate-owned life insurance businesses. Aegon's sale of these units to Wilton Re will enhance its Solvency II capital position by 6 percentage points. We maintain our EUR 6.20 fair value estimate and no-moat rating.The transaction as well as related management actions will result in a capital release of EUR 630 million. This announcement is in addition to th...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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