Strategic 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]

Core Insights - Financial services firms are increasingly establishing operations in Texas, moving away from traditional hubs like New York City due to tax and regulatory advantages [1][2][4] Company Presence in Texas - Goldman Sachs is constructing an 800,000-square-foot campus in Dallas, which will accommodate over 5,000 employees, making it the second-largest office for the firm in the U.S. after New York City [8][9] - JPMorgan Chase employs approximately 31,000 workers in Texas, with 18,000 in the Dallas-Fort Worth area, surpassing its New York City workforce of 24,000 [10][12][13] - Wells Fargo has opened a new 22-acre campus in Dallas, featuring two 10-story buildings for 4,500 employees, and is listed as having between 5,000 and 9,999 employees in the metroplex [16] - Charles Schwab relocated its headquarters to the Dallas area and employs between 5,000 and 9,999 workers in the region [19] - Bank of America is building a new 30-story office in Dallas, expected to be completed in 2027, while maintaining its headquarters in Charlotte, with over 10,000 employees in the metro area [21]