reports
Moody's downgrades AEGON N.V.'s senior unsecured debt rating to Baa1, ...
Paris , July 10, 2023 - Moody's Investors Service ("Moody's") has today downgraded AEGON N.V.'s (Aegon) senior unsecured debt rating to Baa1 from A3 and subordinated/junior subordinated debt ratings to Baa2(hyb) from Baa1(hyb). The ratings of the debt issued by Aegon's associated funding vehicle hav...
Moody’s places AEGON N.V.’s ratings on review for downgrade following ...
Paris , October 31, 2022 – Moody's Investors Service has today placed AEGON N.V.'s (Aegon) debt ratings on review for downgrade, with the exception of the rating of its restricted tier 1 (preferred stock non-cumulative rating) which was affirmed at Baa3(hyb). The ratings of the debts issued by Aegon...
Moody’s withdraws AEGON’s CP and MTN Program ratings for business reas...
Paris , January 28, 2022 - Moody's Investors Service ("Moody's") has today withdrawn the P-2 commercial paper rating on AEGON N.V., as well as its (P)A3 senior unsecured MTN Program rating and its (P)Baa1 subordinated MTN Program rating. The A3 senior debt rating on AEGON N.V., the ratings on th...
Moody's announces completion of a periodic review of ratings of AEGON ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AEGON N.V. Global Credit Research- 04 Mar 2021. Paris, March 04, 2021-- Moody's Investors Service has completed a periodic review of the ratings of AEGON N.V. and other ratings that are associated with the same analytical unit.
Moody's announces completion of a periodic review of ratings of AEGON ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AEGON N.V. Global Credit Research- 02 Apr 2020. London, 02 April 2020-- Moody's Investors Service has completed a periodic review of the ratings of AEGON N.V. and other ratings that are associated with the same analytical unit.
Moody's assigns Baa1(hyb) rating to Aegon's guaranteed dated subordina...
London , October 16, 2019 Moody's Investors Service ("Moody's") has assigned a Baa1(hyb) rating to the guaranteed subordinated notes due 2049 ("notes") to be issued by AEGON Funding Company LLC ("AFC", A3 backed senior unsecured rating, stable) and guaranteed on a subordinated basis by Aegon N.V....
Moody's announces completion of a periodic review of ratings of AEGON ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AEGON N.V. Global Credit Research- 12 Jul 2019. London, 12 July 2019-- Moody's Investors Service has completed a periodic review of the ratings of AEGON N.V. and other ratings that are associated with the same analytical unit.
- Henry Heathfield
Morningstar | AEG Updated Forecasts and Estimates from 20 May 2019
Aegon has had its fair share of problems, which have stretched across capital, solvency, governance, management, recurring nonrecurring items, and a missing strategy. Communication from management to the investment community has been very weak at best. However, we think Aegon has really turned a corner and is demonstrating that management has addressed and is addressing all of these issues. Nonetheless, the stock is still languishing at 0.5 times book value; in our view, this is because investor...
- Henry Heathfield
Morningstar | Aegon - Lowest Quality Comparative Opportunity
Aegon has had its fair share of problems, which have stretched across capital, solvency, governance, management, recurring nonrecurring items, and a missing strategy. Communication from management to the investment community has been very weak at best. However, we think Aegon has really turned a corner and is demonstrating that management has addressed and is addressing all of these issues. Nonetheless, the stock is still languishing at 0.5 times book value; in our view, this is because investor...
- Henry Heathfield
Aegon - Lowest Quality Comparative Opportunity
Aegon reported a very poor close to the year; net income was down to EUR 253 million for the second half with some continued pretty serious one-offs. We maintain our EUR 6.70 fair value estimate and no-moat rating. This net income number has been hit by EUR 257 million in fair value movements as a result of market volatility in the second half as well as EUR 581 million from legal settlements and loss on divestment. While investors should usually look through these one-offs, they have become so ...
- Henry Heathfield
Morningstar | Aegon Reports Poor 2018 Close
Aegon reported a very poor close to the year; net income was down to EUR 253 million for the second half with some continued pretty serious one-offs. We maintain our EUR 6.70 fair value estimate and no-moat rating. This net income number has been hit by EUR 257 million in fair value movements as a result of market volatility in the second half as well as EUR 581 million from legal settlements and loss on divestment. While investors should usually look through these one-offs, they have become so...
- Henry Heathfield
Aegon Reports Poor 2018 Close
Aegon reported a very poor close to the year; net income was down to EUR 253 million for the second half with some continued pretty serious one-offs. We maintain our EUR 6.70 fair value estimate and no-moat rating. This net income number has been hit by EUR 257 million in fair value movements as a result of market volatility in the second half as well as EUR 581 million from legal settlements and loss on divestment. While investors should usually look through these one-offs, they have become so ...
- Henry Heathfield
Morningstar | Aegon's Still Too Cheap
Aegon’s strategic framework continues to centre on simplification and growth. We maintain our EUR 6.70 fair value estimate and no-moat rating. What initially attracted us is a very cheap valuation, but that isn’t really enough to warrant investment. However, when we map out a reasonable path to earnings, we find Aegon too cheap to ignore, though admittedly, it is still probably one of the lowest-quality names in our European insurance coverage and in the whole of the European insurance space...
- Henry Heathfield
Aegon's Still Too Cheap
Aegon’s strategic framework continues to centre on simplification and growth. We maintain our EUR 6.70 fair value estimate and no-moat rating. What initially attracted us is a very cheap valuation, but that isn’t really enough to warrant investment. However, when we map out a reasonable path to earnings, we find Aegon too cheap to ignore, though admittedly, it is still probably one of the lowest-quality names in our European insurance coverage and in the whole of the European insurance space...
- Henry Heathfield
Morningstar | AEG Updated Forecasts and Estimates from 20 Sep 2018
Aegon has had its fair share of problems, which have stretched across capital, solvency, governance, management, recurring nonrecurring items, and a missing strategy. Communication from management to the investment community has been very weak at best. However, we think Aegon has really turned a corner and is demonstrating that management has addressed and is addressing all of these issues. Nonetheless, the stock is still languishing at 0.5 times book value; in our view, this is because investor...
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