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    AGN   NL0000303709

AEGON N.V.

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Aegon's history: part-time work and insurance

07/05/2021 | 08:22am EDT

If you can afford to work fewer than five days a week, the benefits of working part-time instead of fulltime are many. You can spend more time and energy on caring for others, pursuing creative projects, or doing charity work. You can also look forward to more learning or skill-building and less stress. Insurance has historically been a business that was founded on part-time workers, Aegon included.

In the mid to late 1900s, directorship at insurance companies, including Aegon's predecessors, was a part-time job: the leadership role frequently rotated between members. Company clerks, who were in charge of administration and communicating to customers, were frequently hired by the director and not employees of the insurance fund itself.

One of Aegon's key predecessors, Algemeene Friesche, hired its first clerk in 1855 - up until that point, the directors were in charge of all administrative tasks. And another of Aegon's predecessors, Olveh, was founded by Mr. De Bosch Kemper as a part-time work-from-home business. His place of residence in The Hague served as the company headquarters.

Insurance couriers, also, worked mostly part-time. They made weekly visits to families in their patch to collect premiums for the insurance company they were aligned to. The role of courier was critical - they had a great deal of power and could pressure insurance directors to sell new types of products or improve guidelines in the customer's favor. Many started their own businesses.

For more about Aegon's development, visit our history pages.

Disclaimer

AEGON NV published this content on 05 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 12:21:04 UTC.


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Sales 2021 19 292 M 22 607 M 22 607 M
Net income 2021 1 342 M 1 572 M 1 572 M
Net Debt 2021 4 569 M 5 354 M 5 354 M
P/E ratio 2021 6,09x
Yield 2021 3,83%
Capitalization 8 461 M 9 907 M 9 914 M
EV / Sales 2021 0,68x
EV / Sales 2022 0,66x
Nbr of Employees 22 389
Free-Float 83,2%
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Aegon N.V. Technical Analysis Chart | AGN | NL0000303709 | MarketScreener
Technical analysis trends AEGON N.V.
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 4,17 €
Average target price 4,15 €
Spread / Average Target -0,69%
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Allegra Cristina C. van H÷vell-Patrizi Chief Executive Officer
Matthew James Rider Chief Financial Officer
William Alfred Connelly Chairman-Supervisory Board
Dona Davis Young Member-Supervisory Board
Corien M. Wortmann-Kool Independent Member-Supervisory Board
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