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Aegon to Reinsure SGUL Contracts Worth $10 Billion

MT Newswires·12/10/2025 02:55:40
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02:55 AM EST, 12/10/2025 (MT Newswires) -- Aegon (AGN.AS) plans to reinsure a block of Secondary Guarantee Universal Life, or SGUL, contracts with a net face value of $10 billion. The Dutch insurer noted in a Wednesday release that the action will decrease the total capital employed by $300 million to $2.7 billion, ahead of its reduction target for 2025. The deal covers 30% of the face value of Transamerica's SGUL business.