Aegon Publishes Agenda for Extraordinary General Meeting of January 17, 2023 – InsuranceNewsNet

The Hague, November 24, 2022 – Today, Aegon AG published the agenda and the circular to shareholders of its extraordinary general meeting of shareholders (AGE) on Tuesday, January 17, 2023 at 2:00 p.m. CET.

The purpose of the EGM is to approve the strategic decision to combine Aegon’s Dutch pension, life and non-life insurance, banking and mortgage origination activities with asr to create a leading player on the Dutch market, such as announcement on October 27, 2022.

In addition to shareholder approval, the closing of this transaction is subject to customary conditions, including regulatory and antitrust approvals, and the completion of consultation processes with the works councils of both Aegon and asr.

The Extraordinary General Meeting of Shareholders will be held at the registered office of Aegon NV at The Hague, in a hybrid way. This means that with regard to participation in the EGM, shareholders have the choice of attending the EGM in person or virtually. In addition, shareholders have the option of voting without attending the EGM. The terms of the Company’s policy regarding the hybrid meeting of shareholders will apply to the EGM.

A live stream of the AGE will be available from Aegon Company Website.

More information on how to attend and all documentation relating to the AGE can be found here.

About Aegon

Aegon is an integrated and diversified international financial services group. The company offers investment, protection and retirement solutions, with a strategic focus on three main markets (United Statesthe UKand the Netherlands), three growth markets (Spain & Portugal, Braziland China), and a global asset manager. from Aegon goal Helping people live their best life runs through all its activities. As a leading global investor and employer, the company seeks to make a positive impact by tackling critical environmental and societal issues, with a focus on climate change, inclusion and diversity. Aegon has its headquarters at The Hague, Netherlandsand listed on Euronext Amsterdam and on the New York Stock Exchange. More information can be found at aegon.com.

Forward-looking statements
Statements contained herein that are not historical facts are forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. The following words identify such forward-looking statements: aim, believe, estimate, target, have the intention, may, expect, anticipate, predict, project, rely on, plan, continue, will, foresee, aim, should, could, is confident, will and similar expressions relating to Aegon. These statements may contain information about financial outlook, economic conditions and trends and involve risks and uncertainties. In addition, all statements referring to sustainability, environmental and social goals, commitments, objectives, efforts and expectations and other events or circumstances that depend in part on future events are statements prospective. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any obligation, to publicly update or revise any forward-looking statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which only reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from the expectations expressed in the forward-looking statements due to changes caused by various risks and uncertainties. These risks and uncertainties include, but are not limited to, the following:

• Unexpected delays, difficulties and expenses in delivering our environmental, climate, diversity and inclusion or other “ESG” goals, objectives and commitments, and changes in laws or regulations that affect us, such as changes to privacy data, environmental, safety and health laws;
• Changes in general economic and/or governmental conditions, particularly in United States, the Netherlands and the UK;
• Civil unrest, (geo-)political tension, military action or other instability in a country or geographic region;
• Changes in the performance of financial markets, including emerging markets, in particular with regard to:
  • The frequency and severity of issuer defaults in Aegon’s fixed income investment portfolios;
  • The effects of corporate bankruptcies and/or accounting restatements on financial markets and the resulting decline in the value of equities and debt securities Aegon holds;
  • The effects of the decline in the creditworthiness of certain public sector securities and the subsequent decline in the value of government exposure which Aegon holds;
• Changes in the performance of Aegon’s investment portfolio and downgrades of Aegon’s counterparty ratings;
• The downgrading of one or more of Aegon’s credit ratings issued by recognized rating agencies and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial situation ;
• The lowering of one or more of the financial strength ratings of insurers of Aegon’s insurance subsidiaries and the adverse impact such action may have on premium written, policy retention, profitability and liquidity of its insurance subsidiaries;
• The effect of European Union Solvency II requirements and other regulations in other jurisdictions affecting capital Aegon is required to maintain;
• Changes in interest rate levels and interest rate levels that continue to be low or move rapidly;
• Changes affecting exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
• Changes in the availability and costs associated with sources of liquidity such as bank and capital market funding, as well as conditions in credit markets generally such as changes in the creditworthiness of the borrower and the consideration;
• Increasing levels of competition in United States, the Netherlandsthe UK and emerging markets;
• Catastrophic events, whether man-made or natural, including, by way of example, acts of God, acts of terrorism, acts of war and pandemics, could result in property loss and significant disruption to Aegon’s business. ;
• The frequency and severity of insured claims;
• Changes in longevity, mortality, morbidity, persistence and other factors that may affect the profitability of Aegon’s insurance products;
• Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity and other dynamic systems subject to shocks and unpredictable volatility. If the assumptions of these models subsequently prove to be incorrect, or if errors in these models escape the controls in place to detect them, future performance will differ from projected results;
• Reinsurers to whom Aegon ceded significant underwriting risks may default on its obligations;
• Changes in customer behavior and public opinion in general related, among other things, to the type of products Aegon sells, including legal, regulatory or business necessity to meet changing customer expectations;
• Customer responsiveness to new products and distribution channels;
• Because Aegon’s operations support complex transactions and rely heavily on the proper functioning of information technology, operational risks such as system disruptions or failures, security or privacy breaches data, cyberattacks, human error, failure to protect personally identifiable information, changes in operating practices or inadequate controls, including with respect to third parties with whom we do business, may disrupt the business of Aegon, damage its reputation and adversely affect its results of operations, financial condition and cash flows;
• The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to integrate acquisitions and achieve anticipated results and synergies from acquisitions;
• Aegon’s inability to achieve expected levels of profits or operating efficiencies, as well as other management initiatives related to cost savings, Capital in cash at Holding, gross financial leverage and free cash flow;
• Changes in central bank and/or government policies;
• Disputes or regulatory actions that may require Aegon to pay substantial damages or to change the way in which Aegon does business;
• competitive, legal, regulatory or tax changes that affect the profitability, cost of distribution or demand for Aegon’s products;
• Consequences of an actual or potential break-up of the European monetary union, in whole or in part, or of the exit from UK from European Union and the potential consequences if other European Union countries leave European Union;
• Changes in laws and regulations, particularly those affecting the ability of Aegon’s operations to hire and retain key personnel, taxation of Aegon companies, products Aegon sells and the attractiveness of certain products for its consumers;
• Regulatory changes relating to the pension, investment and insurance sectors in jurisdictions where Aegon works;
• The standardization initiatives of supranational standardization bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to these standards that may impact regional (such as EU), national or US federal or state financial regulation or the application thereof to Aegonincluding the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII); and
• Changes in accounting regulations and policies or a change Aegon in the application of such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels.

Further details on the potential risks and uncertainties affecting Aegon are described in its filings with the Dutch Financial Markets Authority and the US Securities and Exchange Commission, including the annual report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with respect thereto or any change in events, conditions or circumstances about which a such statement is based.

Attachment

• 20221124_PR Aegon_AGE Summons

Source: Aegon AG