Aegon Expands Share Buyback to €227m, Potentially Impacting Capital Return and Earnings Quality

Aegon has expanded its €227m share buyback program, targeting completion by June 30, 2026. This highlights the company's focus on capital return and share count management, affecting investors' views on its capital allocation. The buyback supports Aegon's narrative of returning excess capital through dividends and buybacks, but operational and accounting challenges tied to its US redomiciliation remain key swing factors.