Frontier (US:ULCC) Globenewswire·2025-12-10 06:00Strategic Highlights - Aegon aims to become a leading US life insurance and retirement group by relocating its head office and legal seat to the US, with the transition expected to be completed by January 1, 2028 [3][7] - The holding company will be renamed Transamerica Inc., while business units will continue to operate under their current brands [3][7] - Aegon plans to report under US GAAP for the first time in its full year 2027 results, ceasing trading updates in 2026 and 2027 [5][7] Financial Highlights - Aegon has set a new EUR 400 million share buyback program, to be executed evenly in the first and second halves of 2026 [7][20] - The estimated one-time implementation cost for the relocation is around EUR 350 million, expected to be incurred between the second half of 2025 and the first half of 2028 [9][7] - Aegon anticipates an operating result growth of around 5% per annum from EUR 1.5 to 1.7 billion between 2025 and 2027, driven by growth in US Strategic Assets [22][7] Business Strategy - Aegon will focus on growing third-party revenues and improving efficiency within Aegon Asset Management [7] - The company plans to maximize the value of its business portfolio by targeting underserved segments, particularly Main Street American families and medium-sized companies [5][7] - Aegon will conduct a strategic review of Aegon UK, evaluating options including potential divestment [17][7] Market Positioning - Aegon aims to grow its operating result and remittances by approximately 5% per annum, with a 2025 run-rate of USD 1.4 to 1.6 billion and USD 675 million respectively [13][7] - The company intends to increase life sales through its affiliated insurance distribution network, World Financial Group (WFG), by 14% per annum to around USD 900 million by 2027 [14][7] - Aegon will continue to invest in profitable growth in its International business, which includes markets in Spain, Portugal, Brazil, China, and Transamerica Life Bermuda [18][7]