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  "documentTitle": "Aegon Ltd. (AEG)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2024-12-16 00:00:00",
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  "notes": "The slide uses a red underline to highlight Transamerica in the table.",
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      "text": "Considering that nearly three-quarters of Aegon's new life sales are driven by IULs, we would expect Aegon to be overrepresented among IUL distributors and indeed through Q2'24 YTD, Transamerica is a top 3 IUL writer in terms of premiums and number of policies written.",
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      "text": "IUL sales: 3",
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      "text": "Industry-wide, IUL's were the second most common life insurance product sold in 2023 at 24% of market share, based on premiums paid, behind Whole Life at 39%, according to data from LIMRA. Considering that nearly three-quarters of Aegon's new life sales are driven by IULs, we would expect Aegon to be overrepresented among IUL distributors and indeed through Q2'24 YTD, Transamerica is a top 3 IUL writer in terms of premiums and number of policies written.",
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      "text": "Source: LIMRA U.S. Retail Individual Life Insurance Sales Survey",
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      "text": "Ranked list of 20 companies by Total New Annualized Premium and Total Policy Count.",
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      "text": "Aegon Is One Of The Largest IUL Writers In The U.S.",
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      "text": "U.S. Individual Life Insurance – Indexed Universal Life Sales\nSecond Quarter 2024 YTD ($ in thousands)",
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