Fitch affirms Aegon

Fitch Ratings said it affirmed Aegon NV's primary North American life insurance subsidiaries' (Aegon Americas) and Edinburgh-based Scottish Equitable plc's insurer financial strength ratings at A+ (strong) and Aegon's long-term issuer default rating at A-.

The outlooks are stable.

Fitch said the ratings continue to reflect Aegon’s diversification by product range, distribution channel and geography, alongside its capital strength. The group's earnings remain a key rating weakness, despite a significant improvement in 2017.

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