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

AEG•NYSE•Insurance & Managed Care
$8.17
$12.29B mkt cap·23.2× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryDiversified InsuranceSub-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%
  • Book Value per Share4.63-7.0%
  • Tangible BV/Share4.35-7.8%
  • Debt/Equity0.54+2.8%
Analysis→Technical→

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 3.7%
  • ✓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.

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
EPS
$0.27
Est $0.48
-43.7%
Revenue
$22.3B
Est $7.4B
+201.8%
Q1 2026
Feb 19, 2026
EPS
$0.27
Est $0.48
-43.7%
Revenue
$22.3B
Est $7.5B
+195.6%
Q4 2025
Nov 13, 2025
EPS
$0.43
Est $0.30
+45.7%
Revenue
$7.8B
Q1 2025
Feb 20, 2025
EPS
$0.37
Est $0.16
+124.7%
Revenue
$16.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 26, 2026
$0.27vs $0.48-43.7%
$22.3Bvs $7.4B+201.8%
Q1 2026Feb 19, 2026
$0.27vs $0.48-43.7%
$22.3Bvs $7.5B+195.6%
Q4 2025Nov 13, 2025
$0.43vs $0.30+45.7%
$7.8B
Q1 2025Feb 20, 2025
$0.37vs $0.16+124.7%
$16.9B
Based on last 12 quarters of dataView full earnings history →

AEG Peer Comparison

Aegon Ltd. (AEG) competitors in Life, annuity and benefits insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MET logoMETMetLife, Inc.Direct Competitor52.79B79.9013.453.29%5.43%13.16%28.63%0.68
PRU logoPRUPrudential Financial, Inc.Direct Competitor34.89B100.279.81-14.01%5.87%10.54%17.97%0.94
LNC logoLNCLincoln National CorporationDirect Competitor6.4B37.542.0453.61%11.43%20.18%0.77
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor21.86B100.8719.21-3.11%7.58%9.89%20.31%0.34
EQH logoEQHEquitable Holdings, Inc.Direct Competitor12.4B44.04-9.12-6.21%-12.55%-49.32%5.48%3.67
AFL logoAFLAflac IncorporatedProduct Competitor58.97B114.4616.76-8.84%21%13.05%4.33%0.29
GL logoGLGlobe Life Inc.Product Competitor12.09B154.1410.963.82%19.36%20.64%10.37%0.44
CNO logoCNOCNO Financial Group, Inc.Product Competitor4.27B45.5219.370.94%4.94%8.6%15.84%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
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue49.6B53.08B14.55B61.14B40.65B46.5B-21.64B12.98B19.52B29.4B
Revenue Growth %57.75%7.01%-72.59%320.15%-33.5%14.39%-146.54%159.96%50.4%-10.94%
Medical Costs & Claims3.4B3.29B00036.5B-24.67B17.69B00
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-59.81B2.88B4.89B2.2B2.76B18.86B19.26B
OpEx / Revenue %-91.54%-87.84%-91.36%-97.83%7.08%10.51%-10.15%21.25%96.63%65.53%
Depreciation & Amortization273M148M1.02B850M722M1.17B169M34M-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%-
EBITDA1.08B3.31B2.27B2.18B38.5B44.87B1B12.41B626M10.18B
EBITDA Margin %2.17%6.24%15.62%3.56%94.7%96.48%-4.63%95.61%3.21%34.63%
Interest Expense347M435M507M513M405M246M7M7M6M182M
Non-Operating Income584M-2.97B-1.25B0000384M-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 Tax219M32M40M218M-336M95M71M-209M-16M161M
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)0.221.080.270.60-0.090.48-0.30-0.120.37-
Diluted Shares Outstanding2.62B2.62B2.61B2.06B2.06B2.06B2.02B1.89B2.01B1.58B

AEG Balance Sheet

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets425.94B396.29B392.63B440.35B443.81B468.25B401.79B301.58B327.39B310.63B
Asset Growth %2.53%-6.96%-0.92%12.15%0.79%5.51%-14.19%-24.94%8.56%-10.68%
Total Investment Assets367.67B336.22B339.9B239.88B259.13B263.61B316.76B186.91B352.54B3M
Long-Term Investments173.91B149.85B138B148.67B158.5B162.24B255.85B186.91B297.83B812.93B
Short-Term Investments111.09B90.51B86.25B91.21B100.63B101.37B60.91B054.72B50.48B
Total Current Assets130.97B109.37B101.01B110.12B115.83B113.88B73.19B7.64B30.33B0
Cash & Equivalents11.35B10.77B8.74B12.25B8.37B6.89B3.41B4.07B3.47B3.2B
Receivables006.02B6.66B6.83B5.62B7.86B3.57B3.83B3.83B
Other Current Assets00025.69B018.79B108.67B0-31.69B-53.68B
Goodwill & Intangibles1.82B1.63B1.73B1.56B1.39B1.33B1.24B504M575M2.24B
Goodwill294M293M385M392M376M392M316M291M345M0
Intangible Assets1.53B1.34B1.34B1.17B1.01B941M924M213M230M525M
PP&E (Net)572M530M235M255M211M199M158M150M400M0
Other Assets-87M-79M-360M-193M-101M-131M-169.4B77.17B28.59B29.81B
Total Liabilities401.2B371.9B370.07B415.91B419.15B441.88B387.6B292.03B318.08B301.25B
Total Debt14.08B14.53B13.66B12.02B11.07B12.23B6.67B4.92B5B4.27B
Net Debt2.73B3.76B4.92B-234M2.71B5.34B3.27B843M1.53B1.07B
Long-Term Debt14.08B14.53B13.58B11.65B10.73B11.98B6.46B4.68B4.74B4.27B
Short-Term Debt0082M58M72M0032M37M0
Total Current Liabilities5.34B4.65B2.95B3.31B2.82B3.08B2.17B9.2B7.32B0
Accounts Payable4.21B4.58B2.87B3.26B2.75B3.08B1.14B2.11B1.32B0
Deferred Revenue0012M11M10M9M9M000
Other Current Liabilities-7.64B-51M-3.45B-3.52B-4.18B-2.71B-2.23B6.73B5.63B0
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K64M
Other Liabilities-16.28B-14.53B-13.6B000364.24B280.01B313.33B296.98B
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 Equity24.72B24.37B22.55B24.42B24.59B26.18B10.76B7.55B9.19B9.26B
Minority Interest16M20M22M20M75M196M176M129M126M130M
Retained Earnings7.61B9.7B9.99B10.67B10.33B12.17B7.77B5.1B4.35B4.08B
Common Stock20.91B20.57B321M323M320M321M319M265M241M241M
Accumulated OCI4.91B2.86B1.76B3.93B4.39B6.93B-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 / Assets5.81%6.15%5.75%5.55%5.56%5.63%3.53%3.13%2.84%3.02%
Debt / Equity0.57x0.60x0.61x0.49x0.45x0.46x0.47x0.52x0.54x0.54x
Book Value per Share9.439.328.6611.8911.9812.827.014.984.635.94
Tangible BV per Share8.748.697.9911.1311.3112.176.404.724.355.60

AEG Cash Flow Statement

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations3.31B554M517M7.3B-2.85B-1.8B2.85B864M762M762M
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%2.59%
Net Income610M2.53B751M1.46B-364M2.4B-922M-162M660M1.25B
Depreciation & Amortization1.21B781M1.31B1.19B722M1.17B1.16B34M-31M-123M
Stock-Based Compensation00000048M54M00
Deferred Taxes000000-48M000
Other Non-Cash Items-10.31B-13.19B18.86B-24.57B-22.96B-12.73B63.45B-9.69B-11.97B-18.43B
Working Capital Changes11.81B10.43B-20.41B29.23B19.75B7.36B-60.84B10.63B12.1B17.95B
Cash from Investing-1.08B-1.2B-438M-86M-139M-54M616M-2B300M559M
Capital Expenditures-88M-101M-123M-148M-120M-112M-98M-116M-51M-77M
Acquisitions-990M-1.1B-428M-132M-166M-38M570M-1.95B7M-2M
Purchase of Investments-112M-121M-146M-269M-305M-98M-130M000
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K01000K1000K
Other Investing3M1M113M462M298M133M89M72M305M631.5M
Cash from Financing-457M519M-2.4B-3.73B-778M300M-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 Issued02M01M000000
Debt Issuance (Net)1000K1000K-1000K-1000K-1000K1000K-1000K-1000K-1000K-3M
Other Financing-177M0-336M1.79B-115M-203M-75M-76M-63M35M
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-1000K1000K1000K-1000K1000K1000K-1000K1000K2M
Cash at Beginning9.59B11.35B11.03B8.74B12.26B8.37B6.89B8.49B4.07B0
Cash at End11.35B11.03B8.74B12.26B8.37B6.89B8.49B4.07B3.47B3.2B
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 Share1.230.170.153.48-1.45-0.931.360.420.350.35

AEG Key Ratios

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

Metric201620172018201920202021202220232024TTM
Combined Ratio-84.69%-81.65%-91.36%-97.83%7.08%88.99%103.83%157.54%96.63%65.53%
Medical Cost Ratio6.84%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 / Assets5.81%6.15%5.75%5.55%5.56%5.63%3.53%3.13%2.84%3.02%
Book Value / Share9.439.328.6611.8911.9812.827.014.984.635.94
Debt / Equity0.57x0.60x0.61x0.49x0.45x0.46x0.47x0.52x0.54x0.54x
Revenue Growth57.75%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 3.72%. 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.

Explore More AEG

Aegon Ltd. (AEG) financial analysis — history, returns, DCA and operating performance tools

Full AEG Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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