Aegon Plans to Relocate Its Headquarters to the United States
During its 2025 Financial Markets Day, Aegon announced its intention to move its headquarters to the United States by January 2028, aiming to become a major player in life insurance and retirement in the country.
Strategic Shift to the U.S.
Aegon revealed its ambition to become a leader in life insurance and retirement in the United States. As part of this, the company plans to relocate its headquarters and legal domicile to the U.S., a process it hopes to finalize by January 1, 2028. This move is part of Aegon's transformation plan, which began in 2020, and aims to focus its resources on developing a flagship enterprise in insurance and retirement. Aegon also plans to start publishing its financial results according to U.S. GAAP standards starting in 2027, which will lead to the discontinuation of business updates in 2026 and 2027 in favor of comprehensive semi-annual reports.
Financial Asset Strategy and Reinsurance
In line with its strategy to reduce the capital employed by financial assets, Aegon has decided to reinsure a portfolio of secondary guarantee universal life insurance (SGUL) contracts with a net face value of $10 billion. This transaction covers 30% of the face value of Transamerica's SGUL portfolio, bringing the total value processed in combination with previously executed management actions to 80%. Aegon will also invest $800 million in Transamerica to neutralize the impact on the RBC ratio and generate an additional $75 million in operating capital annually.
Maximizing Portfolio Value
Aegon plans to maximize the value of its business portfolio by capitalizing on market trends in the U.S., which offer significant opportunities to support American families in their retirement planning. The company targets an annual growth of 5% in its operating result and dividends over the next two years. Additionally, Aegon has launched a 400 million euro share buyback program for 2026, split between the first and second halves of the year. This strategy is aligned with the goal of enhancing the group's financial flexibility, with a focus on the U.S. markets.
