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AEGAegon Ltd.
$8.75$13.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AEG logo

Aegon Ltd.

AEG
NYSE · Diversified Insurance
$8.75
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$13.23B
P/E12.8x
52W High$9.61
Volume4.02M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Capital-Light Shift Masks Volatile Earnings and CRE Risk

Aegon's 2024 structural transformation to a capital-light model appears to be stabilizing operations, as evidenced by a 2026Q2 combined ratio of 91.2% and a return to underwriting profitability. However, the investment thesis is constrained by persistent earni...

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

AEG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-21% Peers

P/E is 21% below peer median

03

Market leadership

RS 73 · Avg

Average momentum (RS Rating: 73)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 20
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth is erratic, with a 106.2% surge in 2025Q2 followed by a 48.3% decline in 2024Q2, but the latest 2026Q2 quarter shows a return to underwriting profitability with a 91.2% combined ratio.

Analyst Consensus-14.3% target
Hold(18 analysts)
5 Buy9 Hold4 Sell

The Bull Case

Upside Catalysts

Undervaluation Potential

Some analyses suggest AEG could be undervalued, with a discounted cash flow (DCF) analysis indicating a fair value significantly higher than its current trading price.

Analyst Consensus

Multiple analysts have issued 'Moderate Buy' or 'Strong Buy' ratings for AEG stock. The consensus 12-month price target from analysts is around $10.00, representing a potential upside of over 24% from its current price.

Financial Strength and Growth

The company has demonstrated strong TTM EPS growth of 111.55%, outperforming its industry average. Free cash flow (FCF) CAGR over three years is 101%, placing it in the top 10% of its industry.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AEG+19.01%
S&P 500 (^GSPC)+12.39%
1-Year Return
AEG+15.01%
S&P 500 (^GSPC)+15.77%
3-Year Return
AEG+104.60%
S&P 500 (^GSPC)+75.48%
5-Year Return
AEG+120.36%
S&P 500 (^GSPC)+68.34%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
12.8x
Forward P/EExpansion
9.3x
EV/EBITDA40th %ile
3.4x
FCF YieldCash Flow
7.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
12.8x
12.9x
33rd· Fair
EV/EBITDA
3.4x
3.5x
40th· Fair
Price/FCF
13.6x
14.1x
50th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$4.13-52.8%
Base (Fair)$7.44-17.7%
Bull$11.41+30.4%
$4.13 Bear$7.44 Base$11.41 Bull
Current Market Price: $8.75
Trades at a 17.6% premium to Base DCF ($7.44)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$26.86B+37.6% YoY
Net income
$977M+42.0% YoY
Free cash flow
$852M+19.8% YoY
Operating margin
16.1%+12.7 pts YoY
ROIC (TTM)31.1%
Avg ROIC 5Y-
ROE (TTM)11.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (63%)
Revenue Beat Rate4/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 20, 2026
$0.44+24.5%
vs $0.35
$8.1B+10.0%
vs $7.4B
Q2 2026
Mar 26, 2026
$0.27-43.7%
vs $0.48
$22.3B+201.8%
vs $7.4B
Q1 2026
Feb 19, 2026
$0.27-43.7%
vs $0.48
$22.3B+195.6%
vs $7.5B
Q4 2025
Nov 13, 2025
$0.43+45.7%
vs $0.30
$7.8B
vs —
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Proactive Investors·Sep 9, 2026
Active Energy eyes scale-up as it moves into infrastructure platform's second phase

Active Energy Group PLC (AIM:AEG, OTCID:AEUSF), the d developer of power-backed infrastructure in the United Arab Emirates and wider Gulf, says it is moving from proving its model to securing scale as it pursues developments of up to 100 megawatts. The company said its first phase in the UAE established capability, while the second phase is about securing scale, with the board believing the combination could transform the Group from a developer of individual sites into a broader power-backed infrastructure platform.

Zacks Investment Research·Aug 25, 2026
Aegon Adds EUR 150 Million to Buybacks: What's Powering the Move?

AEG expands its 2026 buyback by EUR 150 million as strong profits, capital generation and cash flow support returns.

Business Wire·Aug 25, 2026
AEG Presents to Open United Heritage Hall in Austin, TX in 2027

AUSTIN, Texas--(BUSINESS WIRE)--AEG Presents to Open United Heritage Hall in Austin, TX in 2027.

Business Wire·Aug 24, 2026
AEG and Archer to Develop Vertiport at L.A. LIVE, Expanding Archer's Planned Los Angeles Air Taxi Network Ahead of the LA28 Games

LOS ANGELES--(BUSINESS WIRE)---- $ACHR #Archer--AEG, the world's leading sports and live entertainment company, and Archer Aviation (NYSE: ACHR) today announced a collaboration to develop downtown Los Angeles' first vertiport—a vertical takeoff and landing site for electric air taxis—at L.A. LIVE, AEG's four-million-square-foot sports and entertainment district in downtown Los Angeles. The agreement, brokered by AEG Global Partnerships, makes Archer the exclusive air taxi partner of L.A. LIVE. L.A. LIVE is a pre.

Filtered for Aegon Ltd.More Headlines
04

Compare before deciding

Benchmark AEG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Aegon Ltd. (AEG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AEG logoAEGAegon Ltd.Current
$8.75$13.23B12.8137.63%3.64%11.54%4.77%
MET logoMETMetLife, Inc.
$97.20$62.54B20.2510.22%4.61%12.75%—
PRU logoPRUPrudential Financial, Inc.
$117.59$40.8B11.51-13.74%5.93%11.2%—
LNC logoLNCLincoln National Corporation
$41.08$7.86B7.031.24%12.18%21.99%—
PFG logoPFGPrincipal Financial Group, Inc.
$113.92$24.61B21.70-3.11%9.86%12.44%—
EQH logoEQHEquitable Holdings, Inc.
$52.27$14.27B-10.82-6.21%-8.72%-51.38%—

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

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AEG Frequently Asked Questions

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

Growth & Financials
How fast is Aegon Ltd. growing?

Aegon Ltd. (AEG) grew revenue by 37.6% over the past year. This is strong growth.

Is AEG profitable?

Yes, Aegon Ltd. (AEG) is profitable, generating $2.31B in net income for fiscal year 2025 (3.6% net margin).

Dividend & Returns
Does AEG pay dividends?

Yes, Aegon Ltd. (AEG) pays a dividend with a yield of 4.77%. This makes it attractive for income-focused investors.

What is AEG's return on equity?

Aegon Ltd. (AEG) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.

Industry Metrics
What is Aegon Ltd.'s combined ratio?

Aegon Ltd. (AEG) has a combined ratio of 83.9%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in AEG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →