Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral950.0%
Bearish422.2%
Aegon Ltd. · AEG · FY2024 Q1 · Calendar Q2 2024
Aegon keeps 2024 capital target on track despite Q1 decline
The supplied analysis supports a cautiously constructive view: Aegon's U.S. and Brazil growth drivers and shareholder-return plans remain intact, but weaker international results, market-sensitive earnings and regulatory and distribution risks temper the outlook.
Reported Before market openNYSEFinancial Services
$12.39B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.3%
Event window
SPY move
+0.1%
Same window
Abnormal move
+2.2%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
+1.0%
Up to 20 sessions
AEGSPY benchmark
Ask FN2 about AEG FY2024 Q1
Transcript, numbers and history already loaded
What drove AEG's +2.3% move after FY2024 Q1 earnings?What changed in AEG's guidance and outlook in FY2024 Q1?Give me the bull and bear case for AEG after FY2024 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis described a 12% year-over-year decline in Q1 operating capital generation, while maintaining the 2024 target. It also identified a nearly completed EUR1.5 billion buyback, a new EUR200 million program, a planned CFO transition and weaker China and Spain performance.
Guidance delta
Maintained: management said operating capital generation remained on track for the EUR1.1 billion 2024 target.
Key takeaways
- Q1 operating capital generation was described as down 12% year over year but on track for the 2024 target.
- WFG distribution, index universal life, registered index-linked annuities and mid-size retirement plans were identified as growth drivers.
- Brazil and the United States were stronger areas, while China and Spain were weaker.
Management priorities
- Expand WFG agent scale and productivity.
- Complete the existing buyback and execute the announced EUR200 million program.
- Maintain the dividend-growth trajectory and evaluate focused strategic M&A.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$8.1Current
$7.5Low
$7.5Average
$7.5High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Overweight | Downgrade | May 15, 2026 |
| UBS | Neutral | Buy | Downgrade | Dec 3, 2025 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | May 7, 2025 |
| Credit Suisse | Outperform | Neutral | Upgrade | Nov 24, 2021 |
| Societe Generale | Hold | Sell | Upgrade | Apr 20, 2021 |
| Citigroup | Sell | Neutral | Downgrade | Jan 17, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Jun 15, 2018 |
| B of A Securities | Underperform | Neutral | Downgrade | Jun 14, 2018 |
| ING | Hold | Buy | Downgrade | Dec 1, 2016 |
| Ingalls & Snyder, LLC | Hold | Buy | Downgrade | Nov 30, 2016 |
| Barclays | Underweight | Equal Weight | Downgrade | Jun 29, 2016 |
| JP Morgan | Neutral | Overweight | Downgrade | Jun 28, 2016 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Dec 10, 2015 |
| Goldman Sachs | Buy | Neutral | Upgrade | Sep 24, 2015 |
| Jefferies | Buy | Hold | Upgrade | Jul 20, 2015 |
| ABN Amro | Hold | Buy | Downgrade | Mar 26, 2015 |
| Canaccord Genuity | Buy | Buy | Maintain | Nov 19, 2013 |
| Mediobanca Securities | Neutral | Outperform | Downgrade | Jan 8, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $8.1. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| CFRA | Jeff Lye | $7.5 | $6.82 | -7.4% | May 16, 2024 |
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Start freeCompany context
Snapshot as of publicationAegon Ltd. functions as a leading financial services provider, offering a comprehensive suite of insurance, retirement planning, and asset management solutions across its operational regions in the Americas, the Netherlands, and the United Kingdom. The company's diverse product range includes life, accident, and health insurance, alongside property and casualty coverage. It also facilitates wealth growth and retirement security through savings vehicles, pensions, annuities, mutual funds, individual retirement accounts, voluntary employee benefits, and stable value programs. Beyond these, Aegon deals in various financial instruments such as debt and mortgage-backed securities, derivatives, reinsurance assets, and short-term investments, while also delivering services like credit risk management, disability assistance, and innovative digital banking platforms. Established in 1983 as Aegon N.V., the firm's main offices are located in The Hague, Netherlands.
Historical context
All AEG earningsFinancial Services peers this season
Latest reports in the same sector
Latest beats and misses
Who reports nextBeat on EPS
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- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-25T23:00:42.846777+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T23:00:42.843851+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.