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Aegon (AEG) AI Stock Analysis
Aegon
(NYSE:AEG)
The overall score of 74 reflects a company with strong positive momentum in its operations and strategy. The most significant factors are the robust commercial performance and strategic execution highlighted in the earnings call, supported by attractive valuation and a healthy financial turnaround. These strengths are balanced by a leaner balance sheet and neutral technical momentum, resulting in a positive but measured outlook.
Aegon (AEG) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $12.40B
- Dividend Yield
- 5.93%
- Average Volume (3M)
- 5.34M
- Price to Earnings (P/E)
- 11.4
- Beta (1Y)
- 1.04
- Revenue Growth
- 24.97%
- EPS Growth
- ―
- Country
- US
- Employees
- 15,304
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Diversified
Aegon Business Overview & Revenue Model
Company Description
Aegon Ltd. functions as a leading financial services provider, offering a comprehensive suite of insurance, retirement planning, and asset management solutions across its operational regions in the Americas, the Netherlands, and the United Kingdom. T...
How the Company Makes Money
Aegon makes money primarily by underwriting and administering long-term savings and protection products and by earning fees from managing assets. 1) Insurance premiums and policy charges: For life insurance and protection products, Aegon collects pre...
Aegon Earnings Call Summary
The call presented a predominantly positive operational and financial picture: strong commercial momentum (notably a 54% increase in new life sales), improved operating results (+9% to EUR 804m), higher OCG (+27%), solid free cash flow (EUR 392m) and strengthened holding-level liquidity (EUR 1.7bn). Management advanced strategic U.S. relocation steps and increased shareholder returns. Offsetting negatives included elevated new business strain, assumption/model review charges (EUR 231m net of tax), market-driven capital ratio impacts and some regional/product challenges (China repricing, TAM outflows). On balance, the company is executing its strategy while taking measured capital-management actions to address strain and regulatory impacts.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The call reiterated confidence in the outlook while updating a number of quantified targets and near‑term actions: H1 operating result was EUR 804m, operating capital generation EUR 416m and free cash flow EUR 392m, with cash capital at holding at EUR 1.7bn (targeting ≈EUR 1.0bn at year‑end 2026); valuation equity per share rose 4% to EUR 9.42 and net result was EUR 608m. Commercial momentum included new life sales +54% and World Financial Group life and annuity sales +5% and +12% respectively; Transamerica operating result was $756m (+14% in local currency). Capital metrics: group solvency ratio 169% (30 Jun 2026), U.S. RBC 420% (‑4pp; operating level ~400%), gross financial leverage EUR 5bn, and financial‑assets capital employed reduced to $2.4bn (close to the ~$2.1–2.2bn target) with floor reserves just under $500m. Management booked roughly 40% (≈EUR 140m) of the expected EUR 350m relocation costs, expects U.S. GAAP dry runs in H2, has increased H2 share buybacks by EUR 150m to EUR 350m (EUR 227m executed in H1, incl. EUR 27m for SBC), declared an interim dividend of EUR 0.21/share (+11% YoY), and confirmed medium‑term ambitions remain unchanged notwithstanding the Aegon UK sale and transfers.
Aegon Financial Statement Overview
Summary
Financial performance is solid, driven by a strong return to profitability and robust revenue growth. The income statement and cash flow are healthy, but the significantly reduced equity base on the balance sheet introduces a note of caution, preventing a higher score.
Income Statement
78PositiveBalance Sheet
62PositiveCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.11B | 26.86B | 19.52B | 12.98B | -21.64B | 46.50B |
| Gross Profit | 21.45B | 5.67B | 19.52B | 2.37B | 14.29B | 46.50B |
| EBITDA | 1.12B | 1.17B | 635.00M | -204.00M | 1.00B | 2.58B |
| Net Income | 1.02B | 977.00M | 688.00M | -179.00M | -570.00M | 1.98B |
Balance Sheet | ||||||
| Total Assets | 337.59B | 317.10B | 327.39B | 301.58B | 401.79B | 468.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.51B | 3.19B | 58.18B | 4.07B | 64.31B | 108.25B |
| Total Debt | 3.83B | 5.60B | 5.00B | 4.92B | 6.67B | 12.23B |
| Total Liabilities | 328.60B | 309.48B | 318.08B | 292.03B | 387.60B | 441.88B |
| Stockholders Equity | 8.91B | 7.53B | 9.19B | 7.55B | 10.76B | 26.18B |
Cash Flow | ||||||
| Free Cash Flow | 289.33M | 851.99M | 711.00M | 799.00M | 2.75B | -1.91B |
| Operating Cash Flow | 326.25M | 891.37M | 762.00M | 864.00M | 2.85B | -1.80B |
| Investing Cash Flow | 585.63M | 557.11M | 300.00M | -2.00B | 616.00M | -54.00M |
| Financing Cash Flow | -2.20B | -1.93B | -1.75B | -3.24B | -1.83B | 300.00M |
Aegon Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEG, the sentiment is Negative. The current price of 8.26 is below the 20-day moving average (MA) of 8.28, below the 50-day MA of 8.68, and above the 200-day MA of 8.06, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 39.25 is Neutral, neither overbought nor oversold. The STOCH value of 51.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AEG.
Aegon Peers Comparison
Overall Rating
ACGL83Outperform
HIG81.7Outperform
BRK.B77Outperform- AEG74Outperform
AIG67Neutral
GNW57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ACGL | 83Outperform | $36.29B | 8.59 | 18.35% | ― | -5.29% | 14.08% |
| HIG | 82Outperform | $35.46B | 7.95 | 24.13% | 1.81% | 4.08% | 34.70% |
| BRK.B | 77Outperform | $1.16T | 13.67 | 11.86% | ― | 3.93% | 36.30% |
| AEG | 74Outperform | $12.41B | 11.38 | 12.23% | 5.93% | 24.97% | ― |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| AIG | 67Neutral | $42.82B | 14.86 | 7.27% | 2.32% | -4.19% | 1.09% |
| GNW | 57Neutral | $3.32B | 16.11 | 2.42% | ― | -0.68% | 19.26% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AEG | Aegon Nv | 8.18 | 1.05 | 14.76% | |
| AIG | American International Group, Inc. | 81.90 | 3.13 | 3.97% | |
| ACGL | Arch Capital | 106.36 | 18.89 | 21.60% | |
| GNW | Genworth Financial Inc | 8.78 | 0.25 | 2.93% | |
| HIG | Hartford Insurance Group Inc | 132.59 | 6.90 | 5.49% | |
| BRK.B | Berkshire Hathaway B | 542.49 | 54.83 | 11.24% |
Aegon Corporate Events
Aegon Launches New €200 Million Buyback After Completing €227 Million Program
On July 1, 2026, Aegon launched a new EUR 200 million share buyback program that had been announced at its Capital Markets Day in December 2025, with completion targeted by December 23, 2026, subject to market conditions. The company plans to cancel...
Aegon Names New President and COO as It Picks New York for Future U.S. Headquarters
On June 17, 2026, Aegon announced a major leadership reshuffle and the selection of New York City for its future corporate headquarters as part of a broader plan to redomicile the group to the United States. Will Fuller, currently President and CEO o...
Aegon Shareholders Back 2025 Dividend, Extend CEO Mandate and Add New Director
At its Annual General Meeting of Shareholders held in Schiphol on June 10, 2026, Aegon Ltd secured approval for all resolutions on the agenda, underscoring broad investor support for its strategy and governance. Shareholders approved a final 2025 div...
Aegon Strikes Deal With Vereniging and Unveils US-Style Governance for Planned Delaware Move
On May 28, 2026, Aegon announced an agreement with its largest shareholder, Vereniging Aegon, and unveiled a proposed US-aligned governance framework tied to its planned move of its legal seat to Delaware. The plan includes dismantling the staggered...
Aegon Sets Out U.S.-Style Governance Blueprint Ahead of Planned Redomiciling
Aegon detailed a proposed governance overhaul tied to its previously announced plan to redomicile to the United States, aligning its headquarters, legal domicile, tax residency, accounting standards, and governance with the market where Transamerica...
Aegon Names New Chief HR Officer to Support U.S. Transition
Aegon Ltd, a Bermuda-domiciled, Schiphol-headquartered financial services holding company, operates insurance, retirement, and asset management businesses across the U.S., U.K., Europe, China, and Brazil, and maintains listings in Amsterdam and New Y...
Aegon Files 2025 Financial Condition Report with SEC on May 20, 2026
Aegon Ltd. has filed its May 2026 Form 6-K with the U.S. Securities and Exchange Commission, formally submitting its 2025 Financial Condition Report dated May 20, 2026. The filing, signed by Director of Financial Reporting & Operations S. Knol, c...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 20, 2026