Aegon Ltd. is riding a wave of positive sentiment today, with its shares trading higher after a strong third-quarter performance. The company announced a robust operating capital generation of 336 million euros ($353.91 million) for the quarter. This impressive performance has prompted Aegon to revise its full-year 2024 guidance upward to 1.2 billion euros, a significant increase from the previously announced 1.1 billion euros.
The company’s financial health remains solid, with capital ratios for its key units comfortably exceeding operating levels. Aegon is also signaling its confidence in the future by launching a new 150 million euro share buyback program, scheduled for completion by mid-2025. This program aims to offset shares issued for compensation plans, further enhancing shareholder value.
Beyond the immediate financial results, Aegon has outlined its strategic roadmap for the future. The company is aiming for operating capital generation of approximately 1.2 billion euros from its units and free cash flow of around 800 million euros by 2025. This ambition extends to shareholder dividends, with Aegon planning to increase its dividend per share to roughly 0.40, subject to approvals and market conditions.
While Aegon enjoys positive momentum in its Asset Management and UK Workplace platform, its U.S. Strategic Assets faced some volatility during the quarter, and the UK Adviser platform continues to navigate challenging market conditions. However, the company’s overall financial strength and strategic plans suggest a promising future for Aegon.
Aegon’s commitment to transparency and investor engagement is reflected in its upcoming Capital Markets Day on December 10, 2025, where it will provide further details on its strategy and targets. This event will offer investors valuable insights into Aegon’s long-term vision and plans for future growth.
