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.
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
