Partnership Announcement - H'ART Museum and Aegon Ltd announce a strategic partnership effective January 1, 2025, for an initial period of two years [1] - The collaboration aligns with H'ART Museum's reputation as a hub for world-class art collections and Aegon's international strategy [2] - The partnership aims to support H'ART Museum's efforts to showcase famous works of art and stories from around the world in unique exhibitions [3] H'ART Museum Overview - H'ART Museum connects a broad audience to a wide variety of art collections ranging from antiquity to the present day [3] - The museum is preparing the exhibition 'From Rembrandt to Vermeer, Masterpieces from The Leiden Collection' [3] - H'ART Museum collaborates with esteemed partners such as the Smithsonian American Art Museum, the British Museum, and the Centre Pompidou [8] - The museum is housed in a historic landmark building and features a courtyard garden and a Grand Café [8] - H'ART Museum hosts a wide array of events, including concerts, lectures, movie nights, and educational programs [8] Aegon Overview - Aegon is an international financial services holding company with businesses in the United States, United Kingdom, and global asset management [9] - The company operates insurance joint-ventures in Spain & Portugal, China, and Brazil, and asset management partnerships in France and China [9] - Aegon owns a Bermuda-based life insurer and holds a strategic shareholding in a leading Dutch insurance and pensions company [9] - Aegon's purpose is to help people live their best lives, with a focus on climate change and inclusion & diversity [10] - The company is headquartered in The Hague, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange [10] Strategic Alignment - The partnership with H'ART Museum aligns with Aegon's international strategy and commitment to supporting cultural institutions [5] - Aegon's upcoming move to its new headquarters at WTC Schiphol in mid-2025 coincides with the partnership [5] - The collaboration aims to inspire a wide audience through unique exhibitions, in line with Aegon's international strategy [5]

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.I covered Aegon Ltd. (NYSE: AEG ) in April 2023 in connection with AT1 bonds of Credit Suisse. Back then, I assigned a hold rating to the stock for the simple reason that I did not see any riskDhierin runs the investing group The Aerospace Forum , ...

The Hague, December 11, 2024 - Aegon has updated its net-zero targets for 2030. These goals build on Aegon’s current set of targets that apply until year-end 2024, and that the company expects to meet. This new set of targets reinforces Aegon’s commitment to transition its general account investment portfolio of around EUR 70 billion to net-zero greenhouse gas (GHG) emissions by 2050, supporting the global transition to a net-zero economy.  The new targets align with the latest guidance issued by the United ...

Following the Aegon (NYSE: AEG ) Q3 printout , we are back to comment on the company's performance. Our team expects a positive stock price reaction thanks to a beat on FCF, operating capital generation (OCG), and further share buybacks of €250 million perBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, in ...

Aegon Ltd. (NYSE:AEG) Q3 2024 Sales Call Transcript November 15, 2024 3:00 AM ET Company Participants Yves Cormier - Head of Investor Relations Lard Friese - CEO, Chairman of Management Board & Executive Director Duncan Russell - CFO & Member of Management Board Conference Call Participants Farooq Hanif - JPMorgan Nasib Ahmed - UBS Michael Huttner - Berenberg Benoit Petrarque - Kepler Farquhar Murray - Autonomous Iain Pearce - Exane BNP Paribas David Barma - Bank of America Jason Kalamboussis - ING Operator ...

Financial Data and Key Metrics - Operating capital generation for Q3 2024 was $336 million, driven by US businesses, with year-to-date generation exceeding EUR 900 million [5] - Full-year operating capital generation guidance increased to EUR 1.2 billion from the previous EUR 1.1 billion [5] - Cash capital at holding decreased to EUR 1.5 billion due to EUR 650 million returned to shareholders via dividends and share buybacks [7] - New share buyback program of EUR 150 million announced, expected to begin in January 2025 [7] - US RBC ratio decreased by 11 percentage points to 435% due to the termination of universal life policies [17] Business Line Performance - US new life sales decreased by 6% to EUR 112 million in Q3 2024, driven by lower index universal life sales [9] - Retirement plans business in the US saw net outflows of $373 million, primarily due to discontinuance of low-margin record-keeping plans [10] - UK Workplace platform recorded net deposits of GBP 865 million, while the Advisor Platform saw net outflows of GBP 960 million [11] - International new life sales decreased by 17% to EUR 65 million, with cyclical headwinds in Brazil and Spain [13] - Global Asset Management recorded third-party net deposits of EUR 2.8 billion, with assets under management increasing to EUR 324 billion [15] Market Performance - US business saw a 19% increase in licensed agents for World Financial Group, reaching over 82,000 agents [9] - UK platform assets under administration increased to GBP 112 billion, driven by favorable markets and net deposits [12] - China saw temporary higher sales ahead of regulatory pricing changes at the end of Q3 2024 [13] Strategy and Industry Competition - Company continues to execute its strategy to reduce exposure to financial assets in the US, with a target to reduce capital employed to $2.2 billion by 2027 [24] - Transformation of Transamerica remains on track, with a focus on increasing agent productivity and diversifying revenue streams [9] - Company plans to manage cash capital at holding down to the midpoint of the operating range (EUR 0.5 billion to EUR 1.5 billion) by the end of 2026 [8] Management Commentary on Operating Environment and Future Outlook - Management highlighted commercial volatility in Q3 but remains confident in achieving 2025 targets [30] - Company expects to achieve operating capital generation of EUR 1.2 billion in 2025 and free cash flow of EUR 800 million [28] - Management plans to provide an update on strategy and targets at the Capital Markets Day on December 10, 2025 [31] Other Important Information - Company completed the purchase of 41% of the $2.9 billion face value of institutionally owned universal life policies, achieving targeted investment hurdles [26] - Regulatory approvals for actuarially justified premium rate increases in long-term care now amount to $457 million, representing 55% of the target [25] Q&A Session Summary Question: Impact of US macro environment on capital reduction plans - Company’s capital reduction plans are mostly unilateral and bilateral, with limited reliance on third-party actions, making them largely within the company’s control [33][34] Question: Mortality experience variance and IFRS impact - Limited IFRS variances observed in Q3, with no significant impact from mortality experience [37] Question: Criteria for capital returns versus value creation - Company prioritizes investments that accelerate strategic progress and meet financial and non-financial criteria, with disciplined capital deployment [39][40] Question: US government strategies and WFG regulation - Company is well-positioned for potential regulatory changes, including the fiduciary rule, with a focus on best interest regulation [42][43] Question: Buyback program and capital reduction timeline - Company plans to reduce cash capital to EUR 1 billion by end of 2026, with EUR 150 million buyback program including EUR 40 million for share-based compensation [49][50] Question: OCG and free cash flow outlook for 2025 - Company maintains OCG guidance of EUR 1.2 billion for 2025, with new business strain expected to offset benefits from equity markets and reinvestment rates [56][78] Question: WFG agent productivity and activation program - WFG agent productivity is supported by a granular activation program, with newer agents receiving training and support to accelerate productivity [61] Question: US retirement plans competitiveness - Company is focused on improving retention and profitability in the retirement plans business, with strong written sales and a robust pipeline [82][83] Question: Inorganic growth and ASR stake - Company remains open to inorganic opportunities that align with its strategy, while maintaining a patient approach to its ASR stake [89][90]

Th aegon 3Q 2024 Trading Update Lard Friese Duncan Russell Chief Executive Officer Chief Financial Officer November 15, 2024 Key messages 2 ▪ EUR 336 million operating capital generation 1, now expecting FY 2024 operating capital generation of around EUR 1.2 billion ▪ Continued strong growth in UK Workplace and in third-party net deposits in Asset Management ▪ US Strategic Assets experience commercial volatility with lower new life sales and net outflows in retirement ▪ Lower new business volumes in Brazil ...

The Hague, November 15, 2024 - Please click here to access all 3Q 2024 trading update related documents.  EUR 336 million operating capital generation, before holding funding and operating expenses. Full-year 2024 guidance raised to around EUR 1.2 billion, from around EUR 1.1 billion previouslyCapital ratios of the main units remain above their respective operating levelsPlanned new EUR 150 million share buyback program announced; completion expected in the first half of 2025. The program includes neutraliz ...

The Hague, September 13, 2024 - Aegon today announces the appointment of Michele Bareggi as Chief Strategy, Transformation and Growth Officer, and member of Aegon’s Executive Committee, starting November 1, 2024. Michele succeeds Duncan Russell, who took on the role of Group CFO in September 2024. Mr. Bareggi brings over 25 years of experience in the financial services industry, including his tenure at Athora, a leading European savings and retirement services group. Mr. Bareggi has been instrumental in es ...

PoulssenAt the Lab, we have a long history of Aegon (NYSE:AEG), but we should remind our new readers that this company provides life insurance, asset management activities, and pension solutions. Aegon was funded in 1880 in The Hague (Netherlands) and served more than ten countries, with critical operations in the UK and the United States. Indeed, our investment equity story was backed by 1) the Transamerica division's upside, 2) a supportive Shareholders' Remuneration, and 3) a sound management team wi ...