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Aegon reported H1 net income of EUR 606 million, with a focus on life insurance, accident and health insurance, and banking activities. The company is one of the world's largest insurance groups, with operations organized around two sectors.

Aegon, a leading international financial services holding company, has released its first-half 2025 results, demonstrating robust performance across its life insurance, accident and health insurance, and banking activities. The company reported a net income of EUR 606 million, a significant improvement over the EUR 65 million net loss recorded in the first half of 2024 [1].

Key highlights from the report include a 19% increase in operating results to EUR 845 million, driven by strong commercial momentum in the United States. Life sales in the U.S. increased by 13% to USD 276 million, while the World Financial Group (WFG) continued to expand its distribution network. The UK Workplace business also performed well, generating GBP 2.1 billion in net deposits. Overall, the company's international business saw sales growth, particularly in Brazil, China, and Spain & Portugal [1].

Aegon's operating capital generation (OCG) before holding funding and operating expenses was EUR 576 million, a 2% decrease from the first half of 2024, primarily due to unfavorable non-recurring items and new business. Free cash flow increased by 18% to EUR 442 million. The company's capital ratios remained robust, with cash capital at holding above the operating range at EUR 2.0 billion [1].

Aegon has announced an interim dividend of EUR 0.19 per common share, an increase of EUR 0.03 compared to the 2024 interim dividend. Additionally, the company has increased its ongoing share buyback program by EUR 200 million, taking the total 2H 2025 share buyback to EUR 400 million [1].

A notable strategic development is Aegon's review of relocating its legal domicile and head office to the United States. This move is expected to simplify the company's corporate structure by aligning its legal domicile, tax residency, accounting standard, and regulatory framework with the geography where it conducts the majority of its business [1].

Aegon aims to share the outcome of this review at its Capital Markets Day on December 10, 2025. The company remains on track to meet all 2025 financial targets and continues to demonstrate its commitment to helping people live their best lives through investment, protection, and retirement solutions [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/21/3136822/0/en/Aegon-reports-first-half-year-2025-results.html