Aegon has reported new life sales rose to £758m in 2012, up from £738m the year before.
The increase was driven by higher new life sales in the last quarter of 2012, which were up 53% to £247m up from £161m in the fourth quarter of 2011.
Aegon said the strong fourth quarter results were due to strong growth in group pensions.
Underlying earnings before tax increased from minus £22m in Q4 2011 to £20m in Q4 2012, mainly driven by the non-recurrence of exceptional charges recorded in the previous year, and the successful implementation of the cost reduction program in the Aegon UK business.
Full year underlying earnings before tax increased from £5m in 2011 to £85m in 2012
Net income increased from minus £76m in Q4 2011 to £30m in Q4 2012.
Aegon UK CEO, Adrian Grace said he believes his business is "uniquely" positioned to make a huge impact in the market in 2013.
"I'm more excited about 2013 than any other year in business I can remember, as I believe Aegon is uniquely positioned to secure a large share of the at-retirement and workplace savings markets, by helping people plan confidently for the retirement they want."
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected