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Content Introduction

Content Introduction. Positioning AEGON. AEGON Strong Presence in CEE. 1992 2003 2005 2005 2007 2008. Hungary Slovakia Czech Republic Poland Romania Turkey. AEGON in Hungary - market leader position. AEGON ranked 2nd in the mandatory and 3rd in the voluntary pension fund market

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Content Introduction

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Presentation Transcript

  1. Content Introduction

  2. Positioning AEGON

  3. AEGON Strong Presence in CEE 1992 2003 2005 2005 2007 2008 Hungary Slovakia Czech Republic Poland Romania Turkey

  4. AEGON in Hungary - market leader position • AEGON ranked 2nd in the mandatory and 3rd in the voluntary pension fund market • 803 THS members, combined assets of EUR 2.2 billion Growth of members (2002-2009) Growth of AuM (2002-2009) 2X 7X • AEGON’s AuM grew much faster(7 times) than the market's (4.5 times) • AEGON’s member base grew much faster (2 times) than the market's (1.2 times)

  5. 20% 16% AEGON in Hungary - growing business AEGON’s market share -members (2002-2009) • 3 million MPT members • EUR 9.3 billion assets

  6. Targeted Sales and Marketing Strategy

  7. Recent trends

  8. Part I: What happened during the crisis?

  9. Part I: Much ado about nothing AEGON’s performance (growth portfolio) • Investment returns almost recover

  10. Part I: Return to Pay As You Go • 52 years old and older could return to PAYG • Time limit: December 31st 2009 • Market: 69,000 members – 428 bill. EUR • AEGON: 14,000 members 

  11. Part II: Falling Assets and PF Income

  12. Part III: Unfavorable legislation: Lower PF Income

  13. Part IV: The Transfer Market Sped Up

  14. Part III: The numbers tell it all… Lapse Rate(2007-2009) Commission (2002-2009) 4X 3X 7% • Almost 220,000 switching members in 2009 • The ratio of transfers reached 7% in 2009 • 8% is critical • Brokers dictate conditions • Lower value entrants

  15. Part III: Protection and Regulation of AEGON

  16. Part III: Governmental response – Transfer Limitations

  17. Summary

  18. Long Term stability in conditions

  19. Q&A For further questions please contact ludvai.judit@aegon.com

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