Aegon NV said Thursday that it has completed the sale of Aegon Seguros Generales, its general insurance subsidiary in Spain, to the Italian mutual insurance company Reale Mutua Group for an after-tax gain of about $206 million.
Aegon is one of the world's leading life insurers ranked by market capitalization and assets. Its head office is in The Hague, the Netherlands.
At Dec. 31, Aegon companies employed about 27,000 people worldwide. The deal was announced Dec. 30.
Aegon's businesses focus on life insurance and pensions, savings and investment products. The group also has limited banking activities. Its three major markets are the United States, the Netherlands, and the United Kingdom. In addition, it operates in Canada, Hungary, Slovakia, Spain, Taiwan, and China proper.
