Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ArcBest (ARCB) provides freight transportation services and solutions. The Zacks Consensus Estimate for its current year earnings has been revised 15.7% downward over the last 60 days.Aegon (AEG) is an international insurance group which writes life and health insurance and offers related pension, savings and investment products in Europe, North America and the Caribbean. The Zacks Consensus Estimate for its current year earnings has ...

The Hague, May 16, 2024 - Aegon today announces the appointment of Duncan Russell (1978) as Chief Financial Officer (CFO), effective September 1, 2024. Duncan will succeed Matt Rider (1963), who will retire after over seven years of exceptional service to the company. Matt will continue to serve as a member of the Board of Transamerica on a non-executive basis. Duncan Russell joined Aegon as Chief Transformation Officer in 2020. Prior to Aegon, Duncan worked at UK-based Admiral Group Plc, where he last hel ...

The Hague, May 16, 2024 - Please click here to access all 1Q2024 Trading Update related documents.  EUR 256 million operating capital generation before holding funding and operating expenses, on track to achieve guidance of around EUR 1.1 billion for 2024 Capital ratios remain robust, above their respective operating levels Cash Capital at Holding remains strong at EUR 2.0 billion, reflecting 85% completion of the ongoing EUR 1.535 billion share buyback programPlanned new EUR 200 million share buyback progr ...

Aegon Ltd. (AEG) recently announced that it intends to buy back shares worth EUR 35 million aimed at fulfilling some obligations connected to the senior management. The company is expected to retain the repurchased shares as treasury shares and then distribute them to share-based compensation plan participants.It is expected to start the buybacks from Apr 9 and conclude by the June quarter-end. The transaction is expected to be combined with Aegon’s ongoing EUR 1.5 billion share repurchase program, which al ...

Securities and Exchange Commission Washington, D.C. 20549 Form 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d/16 of the Securities Exchange Act of 1934 April 2024 Aegon Ltd. Aegon Limited Statutory seat Principle place of business Bermuda Registrar of Companies number: 202302830 An exempted company with liability Canon’s Court Aegonplein 50 (September 30, 2023) limited by shares 22 Victoria Street 2591 TV Dutch Chamber of Commerce number: 27076669 Hamilton HM 12 The Hague Aegon Limited is a non ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 - FORM 20-F - (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Financial Data and Key Metrics Changes - In the second half of 2023, operating capital generation before holding funding and operating expenses increased by 16% compared to the same period in 2022, reaching nearly EUR660 million [7][19] - The full year operating capital generation was 14% higher than 2022, totaling nearly EUR1.3 billion, exceeding guidance [7][19] - The IFRS operating result decreased to EUR681 million in the second half of 2023, a 32% decline compared to the prior year period [18][20] - Shareholder's equity per share remained stable at EUR4.27 despite significant capital distributions [7][27] Business Line Data and Key Metrics Changes - In the U.S. Individual Solutions business, the number of licensed agents increased by 18% year-over-year to nearly 74,000, with multi-ticket agents rising by 12% [9][10] - New life sales in the U.S. increased by 13% compared to 2022, driven by higher indexed universal life sales [11] - In the U.S. Workplace Solutions Retirement Plans business, written sales rose by 72% compared to 2022, with net deposits amounting to $1.2 billion [12] - In the U.K., net deposits in the workplace channel amounted to GBP1.8 billion, while retail channel experienced net outflows of GBP3.1 billion [13][14] - New life sales in growth markets increased by 18% compared to 2022, with significant growth in Brazil and China [15] Market Data and Key Metrics Changes - The U.S. market share of life insurance products sold by WFG remained high at 64% [10] - The group solvency ratio decreased by 9 percentage points to 193% due to the ASR transaction and share buyback [20][36] - The U.S. RBC ratio increased to 432%, remaining well above the operating level of 400% [36] Company Strategy and Development Direction - Aegon is focused on improving returns from its businesses and generating value for shareholders, with a significant share buyback program and a legal setup move to Bermuda [5][6] - The company aims to increase the number of WFG agents to 110,000 by 2027 and improve agent productivity [9] - Aegon plans to grow its dividend per share, proposing a final dividend of EUR0.16 for 2023, bringing the total to EUR0.30, with a target of EUR0.40 by 2025 [8][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects, highlighting strong commercial momentum in the U.S. business and commitment to financial targets for 2025 [6][44] - The company acknowledged macroeconomic challenges affecting the U.K. retail business and asset management sectors [44] - Management noted that operating results declined partly due to management actions that benefited capital generation [44] Other Important Information - Aegon completed 76% of its EUR1.5 billion share buyback program, returning over EUR1.1 billion to shareholders [8] - The company reported a total comprehensive income of EUR445 million, increasing shareholders' equity despite capital returns [27] Q&A Session Summary Question: Operating capital generation guidance for 2024 - Management indicated that the EUR1.1 billion guidance for 2024 includes conservatism, with expectations for new business stream growth [46][48] Question: Remittances trajectory in the U.S. - Management stated that U.S. remittances are expected to grow in the mid-single digits, with a focus on maintaining sufficient capital for growth investments [51][52] Question: Agent recruitment targets for WFG - Management confirmed internal targets for agent recruitment, aiming for 90,000 by 2025 and 110,000 by 2027 [64][65] Question: Dynamics of onerous contracts - Management explained that experience variances are offset in the CSM, and they aim to average out experience variances to around zero over time [68][70]

3Q 2023 Trading Update Lard Friese Matt Rider Chief Executive Officer Chief Financial Officer Continuing the execution of Aegon’s strategy ...

Financial Data and Key Metrics Changes - Operating capital generation before holding and funding expenses increased by 16% to €354 million, driven by higher earnings on in-force in Transamerica, which rose by 45% in U.S. dollars compared to the prior year [7][20][25] - Free cash flow for Q3 2023 amounted to €79 million, primarily reflecting the interim dividend received from a.s.r. [20][31] - Cash capital at the holding increased to €2.9 billion, largely due to €2.2 billion of cash proceeds from the transaction with a.s.r. [20][31] Business Line Data and Key Metrics Changes - In the U.S. Individual Solutions business, the number of licensed agents at World Financial Group (WFG) increased by 17% to 69,000, with new life sales up by 10% [10][11] - In the U.S. Workplace Solutions retirement plans business, written sales in the midsize plans segment more than doubled to $1.8 billion compared to Q3 2022 [12] - New life sales in growth markets increased by 34%, driven largely by a Brazilian joint venture where new life sales nearly doubled [14] Market Data and Key Metrics Changes - Net outflows in the UK workplace channel amounted to £0.4 billion, primarily due to the departure of a low-margin pension scheme, while net deposits excluding this were £0.5 billion [13][64] - The retail channel in the UK experienced weak momentum due to the cost of living crisis, resulting in annualized revenue losses of £6 million [13][66] - In asset management, third-party net outflows amounted to €1.2 billion, driven by outflows from two larger clients [15][70] Company Strategy and Development Direction - Aegon is focused on creating leading businesses in investment, protection, and retirement solutions, with a strong emphasis on U.S. strategic assets and growth markets [6][9] - The company is actively managing U.S. financial assets, including a program to purchase institutionally owned universal life policies to reduce mortality risk [9][30] - The partnership with a.s.r. is expected to strengthen Aegon's asset management positions in alternative fixed income and retirement investment solutions in the Netherlands [8][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing transformation and commercial momentum, particularly in U.S. strategic assets [6][34] - The company anticipates continued growth in operating capital generation, with a full-year expectation of around €1.2 billion [8][25] - Management acknowledged the need for improvement in profitability and commercial momentum in the asset management and UK retail business [34][70] Other Important Information - Aegon completed 45% of its €1.5 billion share buyback program, reducing the number of common shares outstanding by 7% compared to June 30 [31] - The company redomiciled to Bermuda, which is expected to provide stability and facilitate regulatory relationships without impacting capital management approaches [9][58] Q&A Session Summary Question: Can you provide the usual bridge to the underlying operating capital generation for the quarter? - Management provided details on operating capital generation, noting €354 million for the quarter, with operational and experience variances contributing to this figure [37][39] Question: Has the unit linked misselling court ruling against a.s.r. impacted the strategic holding? - Management confirmed satisfaction with the strategic shareholding in a.s.r. and emphasized the expected synergies from the integration of the businesses [38] Question: What is the impact of the buyout of institutionally owned universal life contracts on operating capital generation? - Management indicated that achieving a 40% buyout could lead to an ongoing impact of about €50 million in operating capital generation by 2027 [45][46] Question: What are the reasons for the recent outflows in the UK workplace and retail segments? - Management clarified that the workplace business had positive net flows excluding one low-margin client, while retail outflows were attributed to macroeconomic factors and competition [64][66]

Aegon N.V. (NYSE:AEG) Q2 2023 Earnings Conference Call August 17, 2023 3:00 AM ET Company Participants Hielke Hielkema - IR Officer Lard Friese - CEO Matthew Rider - CFO Conference Call Participants Andrew Baker - Citigroup Michael Huttner - Berenberg David Barma - Bank of America Farquhar Murray - Autonomous Research Iain Pearce - Exane Nasib Ahmed - UBS Ashik Musaddi - Morgan Stanley Michele Ballatore - KBW Operator Good day, and thank you for standing by. Welcome to the Aegon First Half 2023 Results Call ...