Aegon Ltd.(AEG)Earnings, Financials & Key Ratios

AEG•NYSE•Insurance & Managed Care

24.4× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Insurance Sub-IndustryLife, annuity and benefits insurers

AboutAegon Ltd. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; property and casualty insurance; retirement plans and individual retirement accounts; voluntary employee benefits; and stable value solutions. It also provides debt securities; mortgage loans; derivatives; reinsurance assets; other loans; money market and short-term investments; credit risk management; disability services; and digital banking solutions. Aegon N.V. was founded in 1983 and is headquartered in The Hague, the Netherlands.Show more

Revenue$19.52B+50.4%
Combined Ratio96.63%-38.7%
Net Income$688M+484.4%
Return on Equity7.34%+584.4%
Medical Cost Ratio0%-100.0%
Operating Margin3.37%-96.5%
Net Margin3.52%+355.6%
ROA0.22%+529.9%
Equity / Assets2.84%-9.0%

AEG Key Insights

Aegon Ltd. (AEG) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Healthy dividend yield of 3.5%
✓Trading near 52-week high

✗Weaknesses

✗Weak 3Y average ROE of 1.0%
✗Profits declining 11.1% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Get notified when AEG posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

AEG Price & Volume

Aegon Ltd. (AEG) stock price & volume — 10-year historical chart

Loading chart...

AEG Growth Metrics

Aegon Ltd. (AEG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-7.79%

5 Years-20.41%

3 Years-25.13%

TTM-10.94%

Profit CAGR

10 Years-5.3%

5 Years-11.1%

3 Years-29.7%

TTM248.42%

EPS CAGR

10 Years-4.79%

5 Years-12.94%

3 Years-14.5%

TTM236.33%

Return on Capital

10 Years2.37%

5 Years4.45%

3 Years1.33%

Last Year0.21%

AEG Recent Earnings

Aegon Ltd. (AEG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/12 qtrs (43%)●Beat Revenue 2/12 qtrs (100%)

Q2 2026Latest

Mar 26, 2026

Metric

Actual

Est

EPS

$0.27-43.7%

$0.48

Rev

$22.3B+201.8%

$7.4B

Q1 2026

Feb 19, 2026

Metric

Actual

Est

EPS

$0.27-43.7%

$0.48

Rev

$22.3B+195.6%

$7.5B

Q4 2025

Nov 13, 2025

Metric

Actual

Est

EPS

$0.43+45.7%

$0.30

Rev

$7.8B

—

Q1 2025

Feb 20, 2025

Metric

Actual

Est

EPS

$0.37+124.7%

$0.16

Rev

$16.9B

—

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 26, 2026	$0.27vs $0.48-43.7%	$22.3Bvs $7.4B+201.8%
Q1 2026	Feb 19, 2026	$0.27vs $0.48-43.7%	$22.3Bvs $7.5B+195.6%
Q4 2025	Nov 13, 2025	$0.43vs $0.30+45.7%	$7.8B
Q1 2025	Feb 20, 2025	$0.37vs $0.16+124.7%	$16.9B

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
METMetLife, Inc.Direct Competitor	55.8B	85.58	17.83	10.22%	4.7%	12.72%	0.70
PRUPrudential Financial, Inc.Direct Competitor	37.05B	106.53	10.42	-14.01%	5.62%	10.26%	0.65
LNCLincoln National CorporationDirect Competitor	7.11B	37.17	6.36	1.24%	9.14%	16.79%	0.59
PFGPrincipal Financial Group, Inc.Direct Competitor	23.74B	109.57	20.87	-3.11%	7.58%	9.89%	0.34
EQHEquitable Holdings, Inc.Direct Competitor	12.75B	45.29	-9.38	-6.21%	-12.55%	-49.32%	3.67
AFLAflac IncorporatedProduct Competitor	59.49B	115.47	16.91	-8.84%	21%	13.05%	0.29
GLGlobe Life Inc.Product Competitor	13.4B	170.76	12.15	3.82%	19.36%	20.64%	0.44
CNOCNO Financial Group, Inc.Product Competitor	4.76B	50.83	21.63	0.94%	4.94%	8.6%	1.54

Compare AEG vs Peers

Aegon Ltd. (AEG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MET

Most directly comparable listed peer for AEG.

Scale Benchmark

vs BLK

Larger-name benchmark to compare AEG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MET, PRU, LNC, PFG

AEG Income Statement

Aegon Ltd. (AEG) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Revenue	49.6B	53.08B	14.55B	61.14B	40.65B	46.5B	-21.64B	12.98B	19.52B	29.4B
Revenue Growth %	57.75%	7.01%	-72.59%	320.15%	-33.5%	14.39%	-146.54%	159.96%	50.4%	-10.94%
Medical Costs & Claims	3.4B	3.29B	0	0	0	36.5B	-24.67B	17.69B	0	0
Medical Cost Ratio %	6.84%	6.2%	0%	0%	0%	78.49%	113.98%	136.28%	0%	0%
Gross Profit	46.21B▲ 0%	49.79B▲ 7.7%	14.55B▼ 70.8%	61.14B▲ 320.1%	40.65B▼ 33.5%	46.5B▲ 14.4%	14.29B▼ 69.3%	2.37B▼ 83.4%	19.52B▲ 724.3%	29.4B▲ 0%
Gross Margin %	93.16%	93.8%	100%	100%	100%	100%	-66.01%	18.25%	100%	100%
Gross Profit Growth %	60.34%	7.75%	-70.78%	320.15%	-33.5%	14.39%	-69.28%	-83.43%	724.28%	-
Operating Expenses	-45.41B	-46.63B	-13.29B	-59.81B	2.88B	4.89B	2.2B	2.76B	18.86B	19.26B
OpEx / Revenue %	-91.54%	-87.84%	-91.36%	-97.83%	7.08%	10.51%	-10.15%	21.25%	96.63%	65.53%
Depreciation & Amortization	273M	148M	1.02B	850M	722M	1.17B	169M	34M	-31M	-31M
Combined Ratio %	-84.69%	-81.65%	-91.36%	-97.83%	7.08%	88.99%	103.83%	157.54%	96.63%	65.53%
Operating Income	804M▲ 0%	3.16B▲ 293.5%	1.26B▼ 60.3%	1.33B▲ 5.5%	37.78B▲ 2748.9%	43.7B▲ 15.7%	834M▼ 98.1%	12.37B▲ 1383.7%	657M▼ 94.7%	10.13B▲ 0%
Operating Margin %	1.62%	5.96%	8.64%	2.17%	92.92%	93.97%	-3.85%	95.35%	3.37%	34.47%
Operating Income Growth %	256.12%	293.53%	-60.27%	5.49%	2748.87%	15.68%	-98.09%	1383.69%	-94.69%	-
EBITDA	1.08B	3.31B	2.27B	2.18B	38.5B	44.87B	1B	12.41B	626M	10.18B
EBITDA Margin %	2.17%	6.24%	15.62%	3.56%	94.7%	96.48%	-4.63%	95.61%	3.21%	34.63%
Interest Expense	347M	435M	507M	513M	405M	246M	7M	7M	6M	182M
Non-Operating Income	584M	-2.97B	-1.25B	0	0	0	0	384M	-9M	-3.08B
Pretax Income	805M▲ 0%	2.39B▲ 197.3%	751M▼ 68.6%	1.46B▲ 94.0%	-957M▼ 165.7%	1.16B▲ 221.6%	827M▼ 29.0%	-391M▼ 147.3%	660M▲ 268.8%	1.34B▲ 0%
Pretax Margin %	1.62%	4.51%	5.16%	2.38%	-2.35%	2.5%	-3.82%	-3.01%	3.38%	4.55%
Income Tax	219M	32M	40M	218M	-336M	95M	71M	-209M	-16M	161M
Effective Tax Rate %	27.2%	1.34%	5.33%	14.96%	35.11%	8.16%	8.59%	53.45%	-2.42%	12.04%
Net Income	586M▲ 0%	2.36B▲ 302.9%	710M▼ 69.9%	1.24B▲ 74.5%	45M▼ 96.4%	1.98B▲ 4300.0%	-570M▼ 128.8%	-179M▲ 68.6%	688M▲ 484.4%	1.25B▲ 0%
Net Margin %	1.18%	4.45%	4.88%	2.03%	0.11%	4.26%	2.63%	-1.38%	3.52%	4.24%
Net Income Growth %	235.65%	302.9%	-69.93%	74.51%	-96.37%	4300%	-128.79%	68.6%	484.36%	248.42%
EPS (Diluted)	0.22▲ 0%	1.08▲ 390.9%	0.27▼ 75.0%	0.60▲ 122.2%	-0.09▼ 115.0%	0.48▲ 633.3%	-0.30▼ 162.5%	-0.12▲ 60.0%	0.30▲ 350.0%	0.79▲ 0%
EPS Growth %	237.5%	390.91%	-75%	122.22%	-115%	633.33%	-162.5%	60%	350%	236.33%
EPS (Basic)	0.22	1.08	0.27	0.60	-0.09	0.48	-0.30	-0.12	0.37	-
Diluted Shares Outstanding	2.62B	2.62B	2.61B	2.06B	2.06B	2.06B	2.02B	1.89B	2.01B	1.58B

AEG Balance Sheet

Aegon Ltd. (AEG) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Assets	425.94B	396.29B	392.63B	440.35B	443.81B	468.25B	401.79B	301.58B	327.39B	310.63B
Asset Growth %	2.53%	-6.96%	-0.92%	12.15%	0.79%	5.51%	-14.19%	-24.94%	8.56%	-10.68%
Total Investment Assets	367.67B	336.22B	339.9B	239.88B	259.13B	263.61B	316.76B	186.91B	352.54B	3M
Long-Term Investments	173.91B	149.85B	138B	148.67B	158.5B	162.24B	255.85B	186.91B	297.83B	812.93B
Short-Term Investments	111.09B	90.51B	86.25B	91.21B	100.63B	101.37B	60.91B	0	54.72B	50.48B
Total Current Assets	130.97B	109.37B	101.01B	110.12B	115.83B	113.88B	73.19B	7.64B	30.33B	0
Cash & Equivalents	11.35B	10.77B	8.74B	12.25B	8.37B	6.89B	3.41B	4.07B	3.47B	3.2B
Receivables	0	0	6.02B	6.66B	6.83B	5.62B	7.86B	3.57B	3.83B	3.83B
Other Current Assets	0	0	0	25.69B	0	18.79B	108.67B	0	-31.69B	-53.68B
Goodwill & Intangibles	1.82B	1.63B	1.73B	1.56B	1.39B	1.33B	1.24B	504M	575M	2.24B
Goodwill	294M	293M	385M	392M	376M	392M	316M	291M	345M	0
Intangible Assets	1.53B	1.34B	1.34B	1.17B	1.01B	941M	924M	213M	230M	525M
PP&E (Net)	572M	530M	235M	255M	211M	199M	158M	150M	400M	0
Other Assets	-87M	-79M	-360M	-193M	-101M	-131M	-169.4B	77.17B	28.59B	29.81B
Total Liabilities	401.2B	371.9B	370.07B	415.91B	419.15B	441.88B	387.6B	292.03B	318.08B	301.25B
Total Debt	14.08B	14.53B	13.66B	12.02B	11.07B	12.23B	6.67B	4.92B	5B	4.27B
Net Debt	2.73B	3.76B	4.92B	-234M	2.71B	5.34B	3.27B	843M	1.53B	1.07B
Long-Term Debt	14.08B	14.53B	13.58B	11.65B	10.73B	11.98B	6.46B	4.68B	4.74B	4.27B
Short-Term Debt	0	0	82M	58M	72M	0	0	32M	37M	0
Total Current Liabilities	5.34B	4.65B	2.95B	3.31B	2.82B	3.08B	2.17B	9.2B	7.32B	0
Accounts Payable	4.21B	4.58B	2.87B	3.26B	2.75B	3.08B	1.14B	2.11B	1.32B	0
Deferred Revenue	0	0	12M	11M	10M	9M	9M	0	0	0
Other Current Liabilities	-7.64B	-51M	-3.45B	-3.52B	-4.18B	-2.71B	-2.23B	6.73B	5.63B	0
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	64M
Other Liabilities	-16.28B	-14.53B	-13.6B	0	0	0	364.24B	280.01B	313.33B	296.98B
Total Equity	24.73B▲ 0%	24.39B▼ 1.4%	22.57B▼ 7.5%	24.44B▲ 8.3%	24.66B▲ 0.9%	26.37B▲ 6.9%	14.19B▼ 46.2%	9.43B▼ 33.6%	9.31B▼ 1.2%	9.39B▲ 0%
Equity Growth %	-5.78%	-1.41%	-7.46%	8.3%	0.9%	6.94%	-46.19%	-33.57%	-1.2%	-9.49%
Shareholders Equity	24.72B	24.37B	22.55B	24.42B	24.59B	26.18B	10.76B	7.55B	9.19B	9.26B
Minority Interest	16M	20M	22M	20M	75M	196M	176M	129M	126M	130M
Retained Earnings	7.61B	9.7B	9.99B	10.67B	10.33B	12.17B	7.77B	5.1B	4.35B	4.08B
Common Stock	20.91B	20.57B	321M	323M	320M	321M	319M	265M	241M	241M
Accumulated OCI	4.91B	2.86B	1.76B	3.93B	4.39B	6.93B	-3.52B	-4.4B	-3.83B	-3.88B
Return on Equity (ROE)	2.3%	9.61%	3.02%	5.27%	0.18%	7.76%	-2.81%	-1.52%	7.34%	13.27%
Return on Assets (ROA)	0.14%	0.57%	0.18%	0.3%	0.01%	0.43%	-0.13%	-0.05%	0.22%	0.4%
Equity / Assets	5.81%	6.15%	5.75%	5.55%	5.56%	5.63%	3.53%	3.13%	2.84%	3.02%
Debt / Equity	0.57x	0.60x	0.61x	0.49x	0.45x	0.46x	0.47x	0.52x	0.54x	0.45x
Book Value per Share	9.43	9.32	8.66	11.89	11.98	12.82	7.01	4.98	4.63	5.94
Tangible BV per Share	8.74	8.69	7.99	11.13	11.31	12.17	6.40	4.72	4.35	5.60

AEG Cash Flow Statement

Aegon Ltd. (AEG) cash flow — operating, investing & free cash flow history

Metric	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	3.31B	554M	517M	7.3B	-2.85B	-1.8B	2.85B	864M	762M	586M
Operating CF Growth %	262.25%	-83.27%	-6.68%	1312.38%	-139.09%	37.07%	258.74%	-69.69%	-11.81%	23.33%
Operating CF / Revenue %	6.67%	1.04%	3.55%	11.94%	-7.02%	-3.86%	-13.17%	6.66%	3.9%	1.99%
Net Income	610M	2.53B	751M	1.46B	-364M	2.4B	-922M	-162M	660M	1.25B
Depreciation & Amortization	1.21B	781M	1.31B	1.19B	722M	1.17B	1.16B	34M	-31M	-123M
Stock-Based Compensation	0	0	0	0	0	0	48M	54M	0	0
Deferred Taxes	0	0	0	0	0	0	-48M	0	0	0
Other Non-Cash Items	-10.31B	-13.19B	18.86B	-24.57B	-22.96B	-12.73B	63.45B	-9.69B	-11.97B	-18.43B
Working Capital Changes	11.81B	10.43B	-20.41B	29.23B	19.75B	7.36B	-60.84B	10.63B	12.1B	17.95B
Cash from Investing	-1.08B	-1.2B	-438M	-86M	-139M	-54M	616M	-2B	300M	559M
Capital Expenditures	-88M	-101M	-123M	-148M	-120M	-112M	-98M	-116M	-51M	-77M
Acquisitions	-990M	-1.1B	-428M	-132M	-166M	-38M	570M	-1.95B	7M	-2M
Purchase of Investments	-112M	-121M	-146M	-269M	-305M	-98M	-130M	0	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Other Investing	3M	1M	113M	462M	298M	133M	89M	72M	305M	631.5M
Cash from Financing	-457M	519M	-2.4B	-3.73B	-778M	300M	-1.83B	-3.24B	-1.75B	-2.46B
Dividends Paid	-306M	-294M	-328M	-309M	-63M	-121M	-167M	-494M	-521M	-572.5M
Share Repurchases	-623M	-266M	-248M	-318M	-59M	-231M	-597M	-1.07B	-925M	-1.44B
Stock Issued	0	2M	0	1M	0	0	0	0	0	0
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-3M
Other Financing	-177M	0	-336M	1.79B	-115M	-203M	-75M	-76M	-63M	35M
Net Change in Cash	1.75B▲ 0%	-321M▼ 118.3%	-2.28B▼ 610.9%	3.52B▲ 254.2%	-3.89B▼ 210.6%	-1.48B▲ 61.9%	1.6B▲ 208.0%	-4.41B▼ 375.4%	-605M▲ 86.3%	6.58B▲ 0%
Exchange Rate Effect	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	2M
Cash at Beginning	9.59B	11.35B	11.03B	8.74B	12.26B	8.37B	6.89B	8.49B	4.07B	0
Cash at End	11.35B	11.03B	8.74B	12.26B	8.37B	6.89B	8.49B	4.07B	3.47B	3.2B
Free Cash Flow	3.22B▲ 0%	453M▼ 85.9%	394M▼ 13.0%	7.15B▲ 1715.7%	-2.97B▼ 141.6%	-1.91B▲ 35.8%	2.75B▲ 244.3%	799M▼ 71.0%	711M▼ 11.0%	509M▲ 0%
FCF Growth %	317.49%	-85.94%	-13.02%	1715.74%	-141.57%	35.84%	244.29%	-70.98%	-11.01%	-56.14%
FCF Margin %	6.5%	0.85%	2.71%	11.7%	-7.32%	-4.1%	-12.72%	6.16%	3.64%	1.73%
FCF per Share	1.23	0.17	0.15	3.48	-1.45	-0.93	1.36	0.42	0.35	0.32

AEG Key Ratios

Aegon Ltd. (AEG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Combined Ratio	-84.69%	-81.65%	-91.36%	-97.83%	7.08%	88.99%	103.83%	157.54%	96.63%	65.53%
Medical Cost Ratio	6.84%	6.2%	0%	0%	0%	78.49%	113.98%	136.28%	0%	0%
Return on Equity (ROE)	2.3%	9.61%	3.02%	5.27%	0.18%	7.76%	-2.81%	-1.52%	7.34%	13.27%
Return on Assets (ROA)	0.14%	0.57%	0.18%	0.3%	0.01%	0.43%	-0.13%	-0.05%	0.22%	0.4%
Equity / Assets	5.81%	6.15%	5.75%	5.55%	5.56%	5.63%	3.53%	3.13%	2.84%	3.02%
Book Value / Share	9.43	9.32	8.66	11.89	11.98	12.82	7.01	4.98	4.63	5.94
Debt / Equity	0.57x	0.60x	0.61x	0.49x	0.45x	0.46x	0.47x	0.52x	0.54x	0.45x
Revenue Growth	57.75%	7.01%	-72.59%	320.15%	-33.5%	14.39%	-146.54%	159.96%	50.4%	-10.94%

AEG Frequently Asked Questions

Aegon Ltd. (AEG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Aegon Ltd. (AEG) grew revenue by 50.4% over the past year. This is strong growth.

Yes, Aegon Ltd. (AEG) is profitable, generating $1.25B in net income for fiscal year 2024 (3.5% net margin).

Dividend & Returns

Yes, Aegon Ltd. (AEG) pays a dividend with a yield of 3.54%. This makes it attractive for income-focused investors.

Aegon Ltd. (AEG) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.

Industry Metrics

Aegon Ltd. (AEG) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in AEG back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

See returns →

How much would $100/month in AEG be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →

Aegon Ltd.(AEG)Earnings, Financials & Key Ratios

AEG•NYSE•Insurance & Managed Care

24.4× P/E·Price updated Jun 19, 2026

SectorFinancial Services IndustryDiversified Insurance Sub-IndustryLife, annuity and benefits insurers

Revenue$19.52B+50.4%
Combined Ratio96.63%-38.7%
Net Income$688M+484.4%
Return on Equity7.34%+584.4%
Medical Cost Ratio0%-100.0%
Operating Margin3.37%-96.5%
Net Margin3.52%+355.6%
ROA0.22%+529.9%
Equity / Assets2.84%-9.0%