AEGON is considering the sale of the U.S.-based portion of its Transamerica Reinsurance unit, but not the British division.

The sale would allow it to increase returns and boost growth among its life insurance, asset management and pension operations, according to a Reuters’ report.

The sale by the Dutch insurer is not intended to generate cash to repay the Dutch government for aid it received last year during the global insurance crisis, the report said.

The Charlotte, N.C.-based company is an operating unit of Transamerica Life Insurance Co. that tries to maximize the value of their life products portfolios through traditional life reinsurance and related services that attach to its core life reinsurance offering, according to its website.