Aegon will pay $1.3 billion in cash for the direct marketing services division of J.C. Penney, allowing the Dutch insurer to offer its own financial service products to J.C. Penney’s 12 million North American customers.
Separately, Aegon said its net profit last year rose 32 percent, meeting analyst estimates. Including the J.C. Penney unit, it expects this year to post an increase in earnings per share of 10 to 15 percent, after a rise of 23 percent last year.
Was this article valuable?
Here are more articles you may enjoy.
Brookfield Targets Global Dominance in P/C Insurance Coverage 
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
What to Expect in 2026: US P/C Results More Like 2024 
