Aegon Ltd. (AGN) Earnings Call Transcripts

Aegon Ltd.'s Latest Earnings Call - June 10, 2026

In the 2026 Annual General Meeting, Aegon Ltd. reported strong financial performance for the fiscal year 2025, with operating results reaching EUR 1.7 billion and free cash flow of EUR 829 million, both exceeding targets. The company announced a strategic shift, relocating its headquarters to the U.S. and selling Aegon U.K. for GBP 750 million, signaling a focus on becoming a leading U.S. life insurance and retirement group. Management maintained its dividend per share at $0.40, reflecting a commitment to returning capital to shareholders while pursuing growth opportunities.

Reported metrics

Guidance from management

Management maintained its guidance for 2026, targeting around EUR 800 million in free cash flow and EUR 1 billion in cash capital by year-end, while announcing a new share buyback program of EUR 400 million.

What management said

Yes, there was one final point, Mr. [ Evers ], what is needed more for the future? What is needed more for the future is that we aim to shrink those financial asset books and the capital employed and it more -- we have a target for that of EUR 2.1 billion capital employed at the end of 2027 and we are on our way. We are slightly ahead, but there's more work to be done there. And obviously, we will continue to launch ...

That's a structural impact from the disposal of the U.K. business. And then on the earnings per share will partly depend on what we do with the proceeds, which as you recall, we intend to use for a combination of debt reduction and share buybacks.

What analysts pressed on

Analysts expressed concerns about the potential risks associated with the relocation to the U.S. and how it might affect Aegon's governance and operational structure. There were also questions regarding the impact of the sale of Aegon U.K. on future earnings and the company's ability to maintain its sustainability commitments post-relocation.

Main topics on the call

• Headquarters Relocation to the U.S. — Aegon is relocating its head office and legal seat to the U.S. to align with its business focus, which is now predominantly U.S.-based. CEO Lard Friese stated, "Our future is in the United States," highlighting the strat...
• Sale of Aegon U.K. — The sale of Aegon U.K. to Standard Life for GBP 750 million and shares valued at GBP 2 billion was completed as part of a strategic review. This divestment is expected to enhance Aegon's focus on its core U.S. operations...
• Strong Financial Results — Aegon reported operating capital of EUR 1.3 billion, exceeding its EUR 1.2 billion target, and free cash flow of EUR 829 million, consistent with its EUR 800 million target. Management stated, "We delivered on our strate...
• New Share Buyback Program — Aegon announced a new share buyback program of EUR 400 million, split evenly between the first and second halves of 2026, aiming to return capital to shareholders while maintaining financial flexibility.

Read the full Aegon Ltd. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Aegon Ltd. earnings call transcripts on record, spanning February 13, 2020 to June 10, 2026. Based on this history, Aegon Ltd. reports quarterly. The most recent call on file is dated June 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AGN

Exchange

ENXTAM

Country

NL

Sector

Financials

Industry

Insurance

Calls on record

40

First call

February 13, 2020

Most recent

June 10, 2026

Reporting cadence

quarterly