NNGPF - Dutch Insurance: Aegon Is Our Preferred Pick
Aegon (AEG) is an integrated, diversified financial services group that offers innovative and effective savings and insurance solutions for customers worldwide. The company is our preferred Dutch life insurance company and serves more than 20 countries with almost 30 million customers. The reason we're interested in this sector is that their dividend was recently suspended in compliance with EIOPA. We think that the current state of the stocks reflect an overly negative outlook on the dividend, which we believe to be rather safe and returning soon.
We analysed Aegon on a comparative basis