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A.M. Best Affirms Ratings of Stonebridge Casualty Insurance Company

A.M. Best Affirms Ratings of Stonebridge Casualty Insurance Company A.M. Best Affirms Ratings of Stonebridge Casualty Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Stonebridge Casualty Insurance Company (Stonebridge) (Columbus, OH), the property/casualty subsidiary of AEGON N.V. (AEGON) (Netherlands) (NYSE: AEG). The outlook for these ratings is stable.

The ratings reflect Stonebridge’s strong capitalization and the financial and operational support provided by AEGON. Offsetting these positive factors is Stonebridge’s varied premium growth and inconsistent underwriting performance.

Notwithstanding, the rating outlook reflects the generally favorable performance of Stonebridge’s core book of travel insurance business and the commitment of AEGON to maintain a level of capitalization that is supportive of the company’s current ratings. A.M. Best notes that the primary U.S. life/health subsidiaries of AEGON experienced substantial deterioration in profitability and investment performance during 2008, and the financial results of these affiliates are likely to experience further pressure in 2009.

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology.

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Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.

Analysts

Richelle Bryan, 908-439-2200, ext. 5344

richelle.bryan@ambest.com

or

Joseph Roethel, 908-439-2200, ext. 5630

joseph.roethel@ambest.com

or

Public Relations

Jim Peavy, 908-439-2200, ext. 5644

james.peavy@ambest.com

or

Rachelle Morrow, 908-439-2200, ext. 5378

rachelle.morrow@ambest.com

Source: A.M. Best Co. Copyright Business Wire 2009 A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of “a-” of Stonebridge Casualty Insurance Company, the property/casualty subsidiary of AEGON N.V. . The outlook for these ratings is stable. The ratings reflect Stonebridge’s strong capitalization and the financial and operational support provided by AEGON.



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