AEGON USA Insurance detail
What do you know about AEGON USA? If you do not already know, AEGON USA I will explain to you in detail.
AEGON USA is one of the top life insurance companies in the US. The company provides life insurance, pensions and related investment products, as well as supplemental health insurance services to over 30 million customers across the country. It also offers annuities and reinsurance services. AEGON USA offers its products through a highly diversified distribution system. In the US, Aegon operates under the Transamerica brand, one of the best-known insurers in the United States. Aegon acquired Transamerica in 1999. The company's subsidiaries include: Transamerica Life Insurance Company, Transamerica Financial Life Insurance Company, Transamerica Advisors Life Insurance Company, Transamerica Advisors Life Insurance Company of New York, Monumental Life Insurance Company, Stonebridge Life Insurance Company, Western Reserve Life Assurance Co. of Ohio and Stonebridge Casualty Insurance Company among others. AEGON USA is a subsidiary of AEGON N.V., one of the world’s largest life insurance and pension groups. AEGON N.V is based in The Hague, the Netherlands and serves over 40 million customers across the globe.
In July 1999, after a decade of international growth, Aegon acquired Transamerica, one of the best-known insurers in the United States, and a company with a rich history of its own.
Construction of the Transamerica Pyramid
Transamerica's History
The origins of Transamerica date to 1904, when Amadeo Giannini founded the Bank of Italy in San Francisco, California.
The bank served the working class residents of the city, including many Italians living in the North Beach neighborhood. The bank survived the San Francisco earthquake and fire of 1906 and was one of the first to offer loans to businesses to help rebuild the city.
After years of expansion, the Bank of Italy merged with the Bank of America in the 1920s. The bank assumed the name of Bank of America.
In 1930, Gianni acquired a major insurance company, Occidental Life Insurance, through a holding company he named Transamerica. Occidental had been founded soon after Gianni’s Bank of Italy – in 1906, also on the West Coast.
Construction of the Transamerica
The Pyramid
After decades of expansion, Transamerica commissioned a new headquarters building in San Francisco: the Transamerica Pyramid.
The Pyramid was designed by William Pereira, an architect of futuristic buildings, and completed in 1972. The building is still San Francisco's tallest.
Though Transamerica's headquarters are no longer in San Francisco, the building is still owned by Aegon, and the pyramid is still an integral part of Transamerica's logo.
Construction of the TransamericaAegon and Transamerica
When Aegon acquired Transamerica in 1999, the purchase was the largest made by a Dutch company overseas and the second largest in the US insurance industry.
Transamerica operates under its own brand name in the US and Canada, and remains one of the most-familiar names in the American insurance industry.
Markets & Performance
Aegon's main markets are the US (under our Transamerica brand), the Netherlands and the UK. We are also growing in emerging markets in Asia, Latin America and Central & Eastern Europe. In Spain we are a key player in life insurance.
Underlying earnings before tax rose 17% in 2012 - a result of further growth in Aegon's businesses, lower costs and favorable financial markets.
Net income rose 80% in 2012 to just over €1.57 billion. The increase was the result mainly of higher underlying earnings and an improvement in world financial markets during the year, only partly offset by an increase in tax and lower realized gains from the sale of investments.
Operating expenses declined by 6% during the year.
Sales were higher in both the United Kingdom and the United States, while a stronger US dollar also helped lift Aegon's US earnings in euro terms.
Fair value items showed a significant improvement during the year - a result of better financial markets.
Impairment charges, meanwhile, dropped by more than a half, usually a sign of improving economic conditions.
Sponsorships
Aegon’s sponsorship strategy is designed to support sports and culture while increasing awareness of the Aegon brand name and reputation in key markets.
Aegon’s sponsorship mission is to support and encourage inspiration and excellence. The company has been the primary sponsor of the Dutch soccer team, Amsterdam Ajax, since 2008. In our principal markets of the United States, the Netherlands and the United Kingdom, we also sponsor golf, rowing and tennis.
Many of our sponsorships include an effort to reach out to promising youth. These partnerships allow us to connect with the players and performers of tomorrow, as well as the fans of today.
Address:
4333 Edgewood Road NE
Cedar Rapids, IA 52499
United States
Phone: 319-398-8511
Fax: 319-369-2209
Internet: www.aegonins.com, www.transamerica.com
