Today, Aegon is a multi billion euro company, employing over 31,500 people in more than 20 countries across the globe. In 2015 they became one of the worlds top-10 largest insurance companies.
In 1992 Aegon bought a majority stake in Hungary's former state-owned insurance company, Állami Biztosító.
In 2013 Aegon took over Eureko's life insurance and pension business in Romania.
The first decade of the new century also saw Aegon form two joint ventures in Latin America: Argos Aegon in Mexico and Mongeral Aegon in Brazil. Ranked by market share for individual life insurance, Argos Aegon is now the 9th largest life insurance company in Mexico. Mongeral Aegon, is targeting a top-five position in the Brazilian life insurance market.
In 2015, Aegon sold its Canadia operations to Wilton Re, as the business did not fit with the companies strategic goal of being a leader in its chosen markets.
Aegon In Asia
Between 2003 and 2014, Aegon operated a joint venture with the China National Offshore Oil Company, known as AEGON-CNOOC. In July 2015, Tsinghua Tongfang became Aegon's new joint venture partner in China and the company was renamed Aegon THTF.
Headquartered in Shanghai, the company has established 11 branches across China. The joint venture provides comprehensive life insurance products and services, and has recently also successfully launched health and life protection products.
In 2008, Aegon expanded in Asia with the launch of its Aegon Religare Life Insurance Company joint venture in India. In 2015, amended legislation on foreign direct investment in India enabled Aegon to increase its share in the joint venture to 49%. At the same time the company was renamed Aegon Life. In 2009, Aegon entered the Japanese market with joint venture Aegon Sony Life.
Aegon In Western Europe
In 2013, Aegon Ireland (Variable Annuities) opened their first office in Germany. They will market variable annuities as flexible pensions in Germany where there is significant market potential. Surveys show that Germans aged between 55 and 80 currently hold assets of over 900 billion euro.
In 2013, Aegon entered a 25-year exclusive distribution partnership with Banco Santander in Spain, Spain's largest financial group, with over 4,000 branches. In 2014, this successful partnership was extended to Portugal.
2015 brought the sale of Aegon's 35% in La Mondiale Participations in France, and the forming of a new long-term strategic Asset Management joint venture with La Banque Postale. As a result products will be distributed through La Banque Postale's network of approximately 17,000 points of sale, online and by its institutional sales team.
