Aegon(AEG) - 2025 Q3 - Earnings Call Presentation
AegonAegon(US:AEG)2025-11-13 08:00

Financial Performance - Operating capital generation (OCG) reached EUR 340 million, putting the company on track to meet the 2025 target of around EUR 1.2 billion[4] - Cash Capital at Holding stands at EUR 1.9 billion, reflecting capital return to shareholders offset by proceeds from a.s.r share sale[4] - Free cash flow was EUR 76 million, a decrease of 5% compared to 3Q 2024[28] Business Segment Performance - Americas OCG increased by 6% to EUR 222 million compared to 3Q 2024[29] - UK OCG decreased by 24% to EUR 44 million compared to 3Q 2024, due to higher new business strain[29] - Asset Management OCG increased by 23% to EUR 40 million compared to 3Q 2024, benefiting from favorable non-recurring variances[29] Transamerica (US) - New individual life sales increased by 39% due to a successful product launch and increasing IUL sales in WFG[13] - IRA Assets under Administration (AuA) increased by EUR 2.3 billion compared to 3Q 2024, reaching EUR 14.5 billion[12] - The number of WFG licensed agents increased from 82,000 in 3Q24 to 93,000 in 3Q25[6] UK Platform Business - Net outflows in the UK platform business were EUR 1.2 billion, impacted by the departure of two large, low-margin workplace schemes[15]