Aegon Earnings: Presses Ahead in North America, but the Situation Remains Challenging in the U.K.

Aegon’s individual solutions business, World Financial Group, continued to grow its licensed agents to just short of 70,000 over the last 12 months and increased the number of multiticketing agents to slightly over 35,000, in line with the firm’s strategy to improve productivity. Transamerica’s market share within the World Financial Group distribution force remains broadly stable at around 65%. In the individual life business, which complements World Financial Group, sales of new individual life insurance policies have risen to $118 million, primarily from higher sales of indexed universal life. This takes individual solutions' individual life sales to $431 million for the year, leaving the business ahead of the EUR 340 million that we forecast Aegon individual life would achieve during 2023. Over 75% of these individual life sales have been generated through World Financial Group.