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Aegon NV
(AGN)
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Rating:55Neutral
Price Target:
€8.00
▲(1.39% Upside)
Action:Reiterated
Date:10/05/26
Overall score is held back primarily by only moderately strong financial performance (recovery in profits and lower debt, but still notable volatility in revenue and cash flow) and weak technical momentum (below key moving averages with negative MACD and low RSI/Stoch). A reasonable P/E and strong dividend yield provide partial support to the score.
Positive Factors
Profitability Recovery
Net income returned to positive territory in 2024 and 2025 while EBIT also increased, showing recovery from prior loss years. If maintained, improved operating profitability can rebuild internal capital and support the company’s long-term insurance and retirement franchise.
Negative Factors
Volatile Revenue and Margins
The company’s revenue path has included large declines in 2022–2024 before the 2025 rebound, while margins were only modest in 2024 and negative earlier. Such variability makes recurring earnings harder to forecast and weakens confidence in steady operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
Net income returned to positive territory in 2024 and 2025 while EBIT also increased, showing recovery from prior loss years. If maintained, improved operating profitability can rebuild internal capital and support the company’s long-term insurance and retirement franchise.
Read all positive factors
Aegon NV (AGN) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€11.16B
Dividend Yield5.65%
Average Volume (3M)4.75M
Price to Earnings (P/E)11.4
Beta (1Y)1.03
Revenue Growth16.43%
EPS Growth-22.63%
CountryNL
Employees12,100
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.65
Shares Outstanding1,581,317,000
10 Day Avg. Volume4,909,674
30 Day Avg. Volume4,746,888
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.38
Price to Sales (P/S)0.39
P/FCF Ratio11.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€7.91Price Target Upside0.29% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.98
Revenue Forecast (FY)€9.20B
Aegon NV Business Overview & Revenue Model
Company Description
Aegon N.V. is a global financial services provider offering insurance, pension plans, and asset management expertise across the Americas, the Netherlands, and the United Kingdom. Its offerings encompass a wide array of insurance products, includin...
How the Company Makes Money
Aegon primarily makes money through (1) insurance and retirement product earnings and (2) fee-based asset management and related services. In its insurance and retirement businesses, it collects premiums and contract deposits from policyholders fo...
Aegon NV Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.11B | 26.86B | 19.52B | 29.54B | 53.77B | 46.14B |
| Gross Profit | 21.55B | 5.67B | 19.52B | 22.88B | -15.85B | 46.14B |
| EBITDA | 1.12B | 1.22B | 635.00M | -204.00M | 1.00B | 2.58B |
| Net Income | 1.01B | 977.00M | 688.00M | -179.00M | -570.00M | 1.98B |
Balance Sheet | ||||||
| Total Assets | 337.73B | 317.23B | 327.39B | 301.58B | 401.79B | 468.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 3.19B | 58.18B | 4.07B | 64.31B | 108.25B |
| Total Debt | 3.83B | 5.61B | 5.00B | 4.92B | 6.67B | 12.23B |
| Total Liabilities | 328.74B | 309.62B | 318.08B | 292.03B | 387.60B | 441.88B |
| Stockholders Equity | 8.91B | 7.53B | 9.19B | 7.55B | 14.01B | 26.18B |
Cash Flow | ||||||
| Free Cash Flow | 200.00M | 887.00M | 711.00M | 748.00M | 2.75B | -1.91B |
| Operating Cash Flow | 235.00M | 928.00M | 762.00M | 864.00M | 2.85B | -1.80B |
| Investing Cash Flow | 590.00M | 580.00M | 300.00M | -2.00B | 616.00M | -54.00M |
| Financing Cash Flow | -2.19B | -2.00B | -1.75B | -3.24B | -1.92B | 300.00M |
Aegon NV Technical Analysis
Neutral
7.89
Price Trends
7.69
Negative
7.65
Negative
6.99
Positive
Market Momentum
-0.09
Negative
43.99
Neutral
45.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AGN, the sentiment is Neutral. The current price of 7.89 is above the 20-day moving average (MA) of 7.48, above the 50-day MA of 7.69, and above the 200-day MA of 6.99, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 43.99 is Neutral, neither overbought nor oversold. The STOCH value of 45.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:AGN.
Aegon NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €2.69B | 16.01 | 13.78% | 5.99% | 4.68% | ― | |
70 Outperform | €81.54B | 12.72 | 13.38% | 4.47% | 5.07% | 16.05% | |
67 Neutral | €32.74B | 13.90 | 10.15% | 4.19% | -2.84% | 11.56% | |
59 Neutral | €15.11B | 13.11 | 14.36% | 4.67% | 6.11% | 8.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €11.16B | 11.43 | 12.23% | 5.65% | 16.43% | -22.63% | |
53 Neutral | €19.55B | 11.45 | 8.86% | 5.22% | 39.01% | 44.63% |
* General Sector Average
NL:AGN
Aegon NV
7.43
1.30
21.28%
NL:ABN
ABN AMRO Group N.V.
40.18
15.96
65.89%
NL:ASRNL
ASR Nederland N.V
75.52
20.47
37.19%
NL:INGA
ING GROEP
29.25
9.43
47.59%
NL:NN
NN Group N.V.
77.62
20.77
36.54%
NL:VLK
Van Lanschot N.V.
63.40
15.71
32.94%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.