Aegon Exceeds Its 2025 Targets with 1.3 Billion Euros in Operational Capital Generated

Operational and Financial Highlights

Aegon announced the generation of 1.3 billion euros in operational capital in 2025, surpassing its target of 1.2 billion euros set during the 2023 investor day. The group also recorded a free cash flow of 829 million euros, in line with its target of 800 million euros for the year. The IFRS operating result reached 1.7 billion euros over twelve months, marking a 15% increase from 2024. Its main business sectors maintain a strong capitalization profile. In the United States, business momentum remains robust. Transamerica expanded its World Financial Group distribution network to over 95,000 licensed agents and recorded a record 30% increase in individual life insurance sales in 2025 compared to 2024. The assets under administration in the Retirement Plans division also saw growth. Meanwhile, the capital employed by Transamerica's Financial Assets division amounted to 2.7 billion US dollars, falling short of the 2.9 billion euros target set for 2025.

Shareholder Returns and Asset Management Performance

Aegon returned 1.1 billion euros to shareholders in 2025 through dividends and share buybacks. A final dividend of 21 euro cents per share was proposed, bringing the total dividend paid during the fiscal year 2025 to 40 euro cents, in line with the group's target. Asset management delivered 1.0 billion euros of net third-party fund calls in 2025. In the United Kingdom, the professional retirement platform generated 2.4 billion pounds sterling of net fund calls. The international business maintained a positive trajectory. The group noted that its main business units remain well-capitalized and that it continues to execute its plan outlined during the 2025 investor day, including the relocation of its headquarters and legal domicile to the United States.