Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral950.0%
Bearish422.2%
Aegon Ltd. · AEG · FY2024 Q2 · Calendar Q3 2024
Aegon maintains guidance while shifting capital toward core growth
The quarter supports a measured constructive view of Aegon's operating trajectory: management maintained guidance and cited distribution, retirement, and partnership growth, but execution depends on claims experience, capital discipline, and weaker regional businesses improving.
Reported Before market openNYSEFinancial Services
$13.25B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.16
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.5%
Event window
SPY move
-0.8%
Same window
Abnormal move
-5.7%
Stock minus SPY
Volume
3.1×
Versus trailing sessions
Subsequent drift
+3.7%
Up to 20 sessions
AEGSPY benchmark
Ask FN2 about AEG FY2024 Q2
Transcript, numbers and history already loaded
What drove AEG's -6.5% move after FY2024 Q2 earnings?What changed in AEG's guidance and outlook in FY2024 Q2?Give me the bull and bear case for AEG after FY2024 Q2 earnings.
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Transcript intelligence
What changed
Relative to the prior quarter, management emphasized the financial-asset reduction, updated mortality assumptions, continued buyback and dividend plans, and stronger progress toward the World Financial Group agent target.
Guidance delta
Management maintained guidance and remains on track for its 2024 operating capital generation target.
Key takeaways
- Management highlighted a strategic reduction in financial-asset exposure and continued focus on capital efficiency.
- US indexed universal life, retirement plans, Brazil, and asset-management partnerships were identified as growth areas.
- Weakness in China, Spain, and the UK Adviser channel offset stronger performance elsewhere.
- The World Financial Group agent base grew toward management's 2027 objective.
Management priorities
- Expand World Financial Group agent recruitment and productivity.
- Grow US indexed universal life and retirement-plan sales.
- Reduce financial-asset capital and complete the announced buyback program.
- Develop asset-management partnerships and pursue additional long-term-care rate approvals.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$8.32Current
$7.5Low
$7.5Average
$7.5High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 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 $8.32. 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 | -9.9% | 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| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
| RF-PC Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee growth supports a steady Q3 outlook |
| TFC-PI Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | -50.9% | — | Truist sharpens focus as Q3 EPS rises 12% |
| TRV The Travelers Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +24.2% | +1.5% | Travelers posts strong Q3, with investment income above $900 million |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-17T22:10:41.209696+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T22:10:41.207015+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 2026-10-17. For educational purposes only; not investment advice.