Core Insights - Aegon is exploring a divestment strategy outside the US to sharpen its focus on its largest market, with potential sales of international units being assessed [1][2] - The company is considering selling its 51% stake in a joint venture with Banco Santander that distributes insurance products in Portugal and Spain [2] - Aegon plans to provide further details on its strategy during its capital markets day scheduled for December 10, 2025 [3] Company Developments - In 2022, Aegon combined its Dutch business with ASR Nederland for €4.9 billion ($5.7 billion), enhancing its presence in the Dutch market [3] - By September 2023, Aegon reduced its stake in ASR Nederland from 30% to around 24% through a share sale [4] - Transamerica remains Aegon's largest business segment, focusing on insurance, investment, and retirement services in the US market [4] Strategic Goals - Aegon CEO Lard Friese stated the aim is to build Transamerica into America's leading middle-market life insurance and retirement company [5]