The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Michael Igor Huttner - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Traditionally, yes, I always say, well done, but these are really good numbers. So I had 3 questions, but choose which ones you want to answer. So
the first one is going back to Bermuda. Can you give us -- can you say -- I couldn't -- I didn't look for it, sorry, what -- how much money they made
in 2020? And what could be kind of run rate?
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FEBRUARY 11, 2021 / 8:00AM, AEGN.AS - Full Year 2020 Aegon NV Earnings Call
The second is on COVID. What should we expect in terms of impact for 2021? It sounded a little bit cautious saying we're still in the middle of a
pandemic. But I thought that the positives are set, but I may be wrong.
And then the last one is on kind of relating to the Financial Assets. I'm always optimistic you could sell off the U.S. VA book more quickly or reinsure
it or something. These rising interest rates in the U.S., how beneficial are they to this kind of increased cash return, maybe other options, et cetera?
I'm sorry, it's 3 questions, please choose if you don't want to answer them.
Question: Steven Haywood - HSBC, Research Division - Analyst
: I think you mentioned about the volatility in your separate account in the Dutch business and how this is impacting the solvency ratio. Can this
volatility be addressed in the future? I assume that the internal model updates that have been done don't really address any kind of volatility, really,
from this account.
And then a second question, sticking with the Dutch business again. There was mention about the remittances also came from the Mortgage
business in the second half of 2020. I'm just wondering how this aligns with the dividend ban from the ECB, assuming that the Mortgage business
has a banking license?
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