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Fitch affirms Aegon's North American life insurance units, Scottish Equitable

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Fitch affirms Aegon's North American life insurance units, Scottish Equitable

Fitch Ratings affirmed the A+ insurer financial strength ratings of Aegon NV's primary North American life insurance subsidiaries and Scottish Equitable PLC.

The North American life insurance subsidiaries are Transamerica Premier Life Insurance Co., Transamerica Financial Life Insurance Co. and Transamerica Life Insurance Co.

The A- long-term issuer default rating of Aegon and the F1 short-term insurer financial strength rating of Transamerica Life were also affirmed.

The outlook of all ratings is stable.

Aegon's ratings reflect its very strong business profile and capitalization and leverage, partly counterbalanced by the group's good financial performance, according to Fitch.