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Aegon(AEG) - 2025 Q4 - Earnings Call Transcript
2026-02-19 09:02
Financial Data and Key Metrics Changes - Operating capital generation before holding and funding expenses increased year-over-year to EUR 1.3 billion, ahead of target [4] - Operating results increased by 15% compared to 2024, reaching EUR 1.7 billion [5] - Free cash flow for the full year 2025 was EUR 829 million, consistent with the target [5] - Final dividend proposed at EUR 0.21 per common share, resulting in a full year 2025 dividend of EUR 0.40 per share, up 14% from EUR 0.35 per share in 2024 [5] - Operating results in the second half of 2025 increased by 11% year-on-year to EUR 858 million [14] Business Line Data and Key Metrics Changes - In the U.S., new life sales increased by 10% compared to 2024, with a 6% increase in annuity sales [9] - The number of licensed agents in the U.S. increased by 11% to nearly 96,000 [8] - Aegon UK reported net deposits driven by onboarding new schemes and regular contributions from existing schemes [10] - Aegon Asset Management generated positive third-party net deposits, although at a lower level than last year [11] Market Data and Key Metrics Changes - The U.S. operating result increased by 5% in euros, or 14% in U.S. dollars, due to business growth and favorable variances [16] - The operating results of the UK increased, benefiting from business growth and favorable markets [17] - In the international segment, new sales contributed to growth, with higher new life sales reported in Brazil, Spain, and Portugal [11] Company Strategy and Development Direction - The company is making progress with preparations for relocation to the U.S. and is implementing U.S. GAAP [7] - Aegon aims to grow the operating result of the group by around 5% per year from the EUR 1.5-EUR 1.7 run rate in 2025 [18] - The strategic review of Aegon UK is ongoing, with updates expected before summer [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting growth ambitions for 2026 and 2027, supported by strong commercial performance [26] - The company noted that the retirement business in the U.S. is performing well despite net outflows due to market trends [92] - Management acknowledged the impact of market conditions on financial assets and the need for ongoing management actions [60] Other Important Information - The group solvency ratio remains robust at 184% [16] - Cash capital at holding decreased to EUR 1.3 billion at the end of 2025, consistent with the aim to reach around EUR 1.0 billion by the end of 2026 [25] - The company executed EUR 400 million of share buybacks in the second half of 2025 [6] Q&A Session Summary Question: Sustainability of Operating Profit - Management indicated that the second half operating result was a reasonable representation of underlying figures, benefiting from strong markets [32] Question: ASR Stake Ownership - Management confirmed no change in their position regarding the ASR stake, stating it would not be influenced by redomiciliation to the U.S. [33] Question: OCG Conditions - Management highlighted positive mortality and morbidity variances and high new business strain as factors affecting OCG [38] Question: WFG Performance - Management explained that lower margins in WFG were due to investments in leadership, technology, and training to support agent productivity [41] Question: Legal Settlements - Management confirmed that legal settlements were included in the $230 million of charges and are awaiting court approval [46] Question: Investment Credit Concerns - Management noted that ECL movements were relatively small and benign, with no significant concerns about further downgrades [76]
Amplify ETFs CEO on ETFs with income-focused strategies
CNBC Television· 2026-02-18 18:20
And welcome back to the halftime report. I'm Dominic Chu with your ETF edge today. For many ETF investors, consistent income sometimes outweighs chasing swing for the fence gains.But what are the best tools to keep income coming in, especially during times of volatility like we're seeing right now. Joining me now is Christian McU, the CEO at Amplify ETFs, which runs one of the largest of these types of income funds. Christian, thanks for being here with us.Let's talk about what types of income instruments w ...
Carnival Corporation & plc Announces Exchange Rate for Quarterly Dividend
Prnewswire· 2026-02-18 14:30
Core Viewpoint - Carnival Corporation & plc has announced a quarterly cash dividend of $0.15 per share, payable on February 27, 2026, to shareholders of record on February 13, 2026 [1] Group 1: Dividend Announcement - The dividend of $0.15 (U.S.) per share will be paid in U.S. dollars to holders of Carnival Corporation common stock or Carnival plc ADSs [1] - For Carnival plc ordinary shares, the dividend will be payable in sterling unless shareholders elect to receive it in U.S. dollars by February 13, 2026 [1] - The conversion rate for dividends payable in sterling will be based on the exchange rate quoted by Bloomberg at 12 noon London time on February 17, 2026, with the rate being US$1 = 73.72457 pence [1] - Consequently, the dividend payable in sterling will amount to 11.05869 pence per share [1] Group 2: Company Overview - Carnival Corporation & plc is recognized as the largest global cruise company and one of the largest leisure travel companies [1] - The company operates a portfolio of world-class cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn [1]
VPLS: Another Look At This Solid, Vanilla Vanguard Bond ETF
Seeking Alpha· 2026-02-17 21:51
At the CEF/ETF Income Laboratory , we manage ~8%-yielding closed-end fund ( CEF ) and exchange-traded fund (ETF) portfolios to make income investing easy for you. Check out what our members have to say about our service.Juan de la Hoz has worked as a fixed income trader, financial analyst, operations analyst, and as an economics professor. He has experience analyzing, trading, and negotiating fixed-income securities, including bonds, money markets, and interbank trade financing, across markets and currencie ...
Chemours Announces First Quarter Dividend
Prnewswire· 2026-02-17 21:30
Chemours Announces First Quarter Dividend [Accessibility Statement] Skip NavigationWILMINGTON, Del., Feb. 17, 2026 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC) today announced that the Board of Directors of Chemours declared a quarterly cash dividend of $0.0875 per share on the Company's common stock for the first quarter of 2026. The dividend will be paid on March 13, 2026, to stockholders of record as of the close of business on February 27, 2026.About The Chemours CompanyThe Chemours Comp ...
Realty Income Announces 668th Consecutive Common Stock Monthly Dividend
Prnewswire· 2026-02-17 21:05
Core Viewpoint - Realty Income Corporation has declared its 668th consecutive common stock monthly dividend of $0.2700 per share, which annualizes to $3.240 per share, payable on March 13, 2026, to stockholders of record as of February 27, 2026 [1] Company Overview - Realty Income, known as "The Monthly Dividend Company®," is an S&P 500 company founded in 1969, serving as a full-service real estate capital provider [1] - The company has a portfolio of over 15,500 properties across all 50 U.S. states, the U.K., and seven other European countries as of September 30, 2025 [1] - Realty Income is recognized for its commitment to delivering dependable monthly dividends that increase over time and has been a member of the S&P 500 Dividend Aristocrats® index for over 31 consecutive years [1]
Delivering Shareholder Value, TrustCo Declares Dividend; Quarterly Payment of $0.38 Per Share
Globenewswire· 2026-02-17 21:00
Group 1 - TrustCo Bank Corp NY declared a quarterly cash dividend of $0.38 per share, amounting to an annualized dividend of $1.52 per share, payable on April 1, 2026, to shareholders of record as of March 6, 2026 [1] - The company emphasizes long-term shareholder value generation as a central focus, with the dividend being a key part of its strategy alongside a share repurchase program [2] - TrustCo Bank Corp NY operates as a $6.4 billion savings and loan holding company with 134 offices across New York, New Jersey, Vermont, Massachusetts, and Florida, and offers a range of investment and wealth management services [3]
Dell delivers jaw-dropping dividend news as AI sales accelerate
Yahoo Finance· 2026-02-17 20:13
Core Viewpoint - Dell Technologies has committed to increasing its quarterly dividend by at least 10% annually through fiscal 2030, which is a significant announcement for income investors amidst its strong AI momentum [1][3]. Dividend Commitment - Dell's CFO David Kennedy officially announced the commitment to a minimum 10% annual dividend growth during the October 2025 Securities Analyst Meeting, extending the pledge by two years compared to the previous target [3]. - The current quarterly dividend is $0.525, resulting in an annualized dividend of $2.10 per share, with a yield of approximately 1.80% based on a stock price of around $117 [4][8]. Financial Metrics - Analysts project Dell's free cash flow to rise from $6.7 billion in fiscal 2026 to $9.83 billion by fiscal 2030, with an annual dividend expense of $1.4 billion, leading to a payout ratio of roughly 21% [5]. - The low payout ratio indicates that Dell is utilizing less than one-fourth of its earnings for dividends, allowing room for future increases even if profits fluctuate [9]. Shareholder Returns - Dell aims to return over 80% of its adjusted free cash flow to shareholders annually, having exceeded this target by returning nearly 97% since the program's inception [10]. - Year-over-year dividend growth has been approximately 12.3%, with a total of $5.3 billion returned to shareholders year-to-date through dividends and buybacks combined [11].
Are Wall Street Analysts Bullish on DTE Energy Stock?
Yahoo Finance· 2026-02-17 08:47
Valued at a market cap of $30.1 billion, DTE Energy Company (DTE) is a diversified regulated utility holding company headquartered in Detroit, Michigan. It primarily provides electricity and natural gas to customers in Michigan through its two regulated subsidiaries, DTE Electric and DTE Gas, while also operating a portfolio of non-utility energy businesses. Shares of this utility company have outpaced the broader market over the past 52 weeks. DTE has surged 13.4% over this time frame, while the broader ...
J. M. Smucker Stock: Analyst Estimates & Ratings
Yahoo Finance· 2026-02-17 08:42
The J. M. Smucker Company (SJM), headquartered in Orrville, Ohio, is a leading American manufacturer of branded food and beverage products. With a market cap of $11.8 billion, the company has evolved from its origins in apple butter production to encompass a diverse portfolio of consumer goods. Smucker operates through four primary segments: U.S. Retail Coffee, U.S. Retail Frozen Handheld and Spreads, U.S. Retail Pet Foods, and Sweet Baked Snacks. Shares of this leading consumer packaged goods company ha ...