AEGON

Aegon NV is an international financial services company, which engages in the provision of investment, protection, and retirement solutions. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units’ activities located outside these countries. The Netherlands segment covers businesses activities from Aegon the Netherlands. The United Kingdom segment involves existing business and digital solutions. The International segment encompasses Hong Kong, Singapore, China, India, Indonesia, Hungary, Poland, Turkey, Romania, Spain, and Portugal. The Asset Management segment consists of Aegon Asset Management Global Platforms and strategic partnerships. The Holding and Other activities refers to financing, employee, and other administrative expenses of holding companies. The company was founded in 1844 and is headquartered in The Hague, the Netherlands.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Aegon Ltd. is an international financial services company, which engages in the provision of investment, protection, and retirement solutions. It operates through the following segments: Americas, The Netherlands, United Kingdom, International, Asset Management, and Holding and Other Activities. The Americas segment covers business units in the United States and Brazil, including any of the units’ activities located outside these countries. The Netherlands segment covers businesses activities from Aegon the Netherlands. The United Kingdom segment involves existing business and digital solutions. The International segment encompasses Hong Kong, Singapore, China, India, Indonesia, Hungary, Poland, Turkey, Romania, Spain, and Portugal. The Asset Management segment consists of Aegon Asset Management Global Platforms and strategic partnerships. The Holding and Other activities refers to financing, employee, and other administrative expenses of holding companies. The company was founded in 1844 and is headquartered in The Hague, the Netherlands.

The Hague, March 1, 2024 - Aegon announces today that its Board of Directors intends to nominate Lard Friese for re-election as Executive Director and CEO at the Annual General Meeting of Shareholders (AGM) on June 12, 2024, for a further four years. Mr. Friese began his tenure as the CEO of Aegon in 2020, after having worked in the insurance industry for over 30 years.

Aegon proposes to re-elect CEO Lard Friese

Please click here to access all 2H 2023 results related documents.  The Hague, March 1, 2024 - IFRS results

Aegon reports second half year 2023 results

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Aegon (AEG) enters into an agreement with its majority shareholder, Vereniging Aegon, to participate in a share buyback program.

Aegon (AEG) Plans to Repurchase Shares From Vereniging Aegon

The Hague, December 8, 2023 - Aegon has entered into an agreement with its largest shareholder, Vereniging Aegon, to partially participate in Aegon's current EUR 1.5 billion share buyback program. The repurchase of shares from Vereniging Aegon will commence as soon as Aegon has repurchased shares for an amount of EUR 750 million under the buyback program and is expected to run until the end of the share buyback program. Barring unforeseen circumstances, the share buyback is expected to be completed on or before June 30, 2024. As of December 7, Aegon has repurchased 149.8 million shares representing EUR 703.9 million.

Vereniging Aegon to participate in current share buyback program

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Please click here to access all 3Q 2023 Trading Update related documents  The Hague, November 16, 2023 - Continued commercial momentum in US business and increased capital generation

Aegon's trading update for third quarter 2023

Aegon has undergone a transformation, including liquidating its Dutch operations and expanding in the TransAmerican market. The company has set financial targets for 2025, including leverage of EUR 5 billion and an annual dividend of EUR 0.40 per share. Aegon's first-half results show progress towards meeting these targets, with operating profit rising and strong earnings growth expected.

Aegon: 2025 Targets Remain On Track

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Should Value Investors Buy Aegon (AEG) Stock?

Are Investors Undervaluing Aegon (AEG) Right Now?

Is Aegon (AEG) Stock Undervalued Right Now?

Aegon is executing its strategy well (higher shareholders' remuneration and ongoing de-risking activities). Another buyback started, and 2023 interim dividend increased by €0.03 cents. Solid capital generation combined with a strong Solvency ratio. Our buy rating is then confirmed.

Aegon: De-Risking Strategy Signals Upside Potential

Aegon N.V. (NYSE:AEG ) Q2 2023 Earnings Conference Call August 17, 2023 3:00 AM ET Company Participants Hielke Hielkema - IR Officer Lard Friese - CEO Matthew Rider - CFO Conference Call Participants Andrew Baker - Citigroup Michael Huttner - Berenberg David Barma - Bank of America Farquhar Murray - Autonomous Research Iain Pearce - Exane Nasib Ahmed - UBS Ashik Musaddi - Morgan Stanley Michele Ballatore - KBW Operator Good day, and thank you for standing by. Welcome to the Aegon First Half 2023 Results Call.

Aegon N.V. (AEG) Q2 2023 Earnings Call Transcript

The Hague, August 17, 2023 - Today, Aegon N.V. has published the Agenda and Shareholder Circular for its two upcoming Extraordinary General Meetings of Shareholders (EGM) on September 29 and September 30, 2023.

Aegon publishes agenda for Extraordinary General Meetings on September 29 and September 30, 2023

Please click here to access all 1H2023 results related documents

Aegon reports first half year 2023 results

The Hague, July 17, 2023 - Aegon today announces that a coupon rate of 3.93894% has been determined for the USD Perpetual Capital Securities (ISIN: NL0000116168) (the Securities). The coupon rate, which was determined in accordance with the provisions described in conditions 5(c) and 5(e) of the terms and conditions of the Securities, will be applicable to the coupon period that begins onJuly 15, 2023 and ends on October 15, 2023.

Aegon announces determination of the coupon rate for Perpetual Capital Securities

The Hague, July 6, 2023 - Aegon today announces the beginning of a EUR 1.5 billion share buyback program. This follows the completion of the combination of its Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r. that was announced on July 4, 2023.

Aegon begins share buyback program

The JV partnership extension will likely enable Aegon (AEG) to generate further growth from the multi-specialist investment manager space.

Aegon (AEG) Extends JV Partnership in LBP AM Through 2035

Aegon (AEG) is expected to commence a share repurchase program of EUR 1.5 billion over a year.

Aegon (AEG) Closes Combination of Dutch Operations With a.s.r

The Hague, July 4, 2023 - La Banque Postale and Aegon Asset Management (Aegon AM) are pleased to announce the extension of their asset management joint venture partnership in LBP AM through 2035. Aegon AM originally entered into the joint venture with La Banque Postale in 2015 and holds a 25% stake in LBP AM.

La Banque Postale and Aegon extend their partnership in asset management

The Hague, July 4, 2023 - Aegon today announces the completion of the combination of its Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r., and the beginning of its asset management partnership with a.s.r. As part of the transaction, Aegon received EUR 2.2 billion cash proceeds and a 29.99% stake in a.s.r.

Aegon completes transaction with a.s.r.

The Hague, June 30, 2023 - Aegon today announces that it intends to move its legal seat to Bermuda. Subsequently, Aegon's group supervision will transfer from the DNB to the BMA. Aegon will maintain its headquarters in the Netherlands, will remain a Dutch tax resident and will continue to be listed on Euronext Amsterdam and on the New York Stock Exchange (NYSE).

Aegon's group supervision to transfer from Dutch Central Bank to Bermuda Monetary Authority

Aegon is raising the bar on FCF generation thanks to a solid strategy in the US. AEG aims to pay a dividend per share of €0.4 by 2025, yielding 9% on 2025 estimates. This is well covered by Aegon's operating cash flow. Aegon's valuation is supported a.s.r. transaction, an ongoing buyback, and a deleveraging strategy.

Aegon: The Capital Markets Day Confirmed Our Thesis, Buy Reiterated

Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets.

Aegon bets on Transamerica to boost cash flow and dividend in 2025

The Hague, June 2022, 2023 - Aegon's ambition is to build leading businesses offering customers investment, protection and retirement solutions. Today, Aegon presents the next chapter of this transformation. Aegon CEO, Lard Friese, will be joined by CFO Matt Rider, Duncan Russell, Chief Transformation Officer, Will Fuller, CEO of Transamerica – Aegon's largest business unit – and other members of the management team of Transamerica to outline their plans to create value. The event, entitled “Transforming Aegon – The Next Chapter,” follows the successful execution of the first phase of the company's transformation that was announced at Aegon's 2020 Capital Markets Day (CMD). Aegon CEO, Lard Friese, commented: “Today, Aegon is a more focused company with improved operational performance, a stronger balance sheet, and an enhanced risk profile. We have delivered on the plans outlined at our last Capital Markets Day. The transaction to combine Aegon's Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r. closes off the first chapter of Aegon's transformation and enables us to accelerate the execution of our strategy. “At today's CMD, we will outline the steps we are taking to ensure that Transamerica, our US subsidiary, captures its full potential. Transamerica has had a long and proud history of making financial services available to the many, not just the few. We aim to accelerate Transamerica's growth and build America's leading middle market life insurance and retirement company. This rapidly growing market, representing 68 million middle income households, is the largest in the US and is relatively underserved by the financial services industry. Transamerica is well positioned to grow and to capture the opportunities in this market,” said Lard Friese. Transamerica's strategy consists of four focus areas. First, Transamerica will invest further in World Financial Group (WFG), its insurance distribution network of around 70,000 independent agents. WFG distributes Transamerica products, as well as those of other insurers. Its distinctive, nationwide network is the third largest agency force in the United States and the largest in Canada. WFG's agents come from a wide range of diverse cultural backgrounds, and meet the needs of the communities in which they operate. Transamerica's ambition is to increase the number of WFG agents to 110,000 by 2027, while at the same time improving agent productivity.

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