Aegon announced a new tranche of EUR 227 million in share buybacks, bringing the total program to EUR 400 million as originally disclosed in December 2025. The tranche includes an additional EUR 27 million earmarked for share‑based compensation obligations for senior management and will be executed under normal market conditions, concluding by 30 June 2026.
The move follows a strong first‑half 2025 financial performance, with net profit of €606 million versus a €65 million loss in the same period of 2024, and an operating result of €845 million, up 19 % year‑on‑year. These results give Aegon ample cash to fund the buyback while maintaining robust solvency ratios.
Segment analysis shows that the U.S. strategic assets continue to drive growth, with individual life sales up 39 % year‑on‑year in Q3 2025, and commercial momentum in the U.S. contributing to overall profitability. The company’s capital ratios remain strong, and cash capital at holding is substantial, supporting the capital return initiative.
CEO Lard Friese emphasized that Aegon remains on track to meet all 2025 financial targets and that the share buyback signals confidence in the company’s cash‑generating ability and its ongoing transformation toward a leading U.S. life‑insurance and retirement group.
The largest shareholder, Vereniging Aegon, will participate on a pro‑rated basis, preserving its proportional ownership and aligning interests with the broader shareholder base.
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