Analyst Consensus ?
ConsensusHold18 ratings
Bullish527.8%
Neutral950.0%
Bearish422.2%
Aegon Ltd. · AEG · FY2024 Q4 · Calendar Q1 2025
Aegon maintains 2025 targets as U.S. and asset-management growth offsets China pressure
The transcript supports a cautiously constructive but uneven outlook: U.S. strategic assets, asset-management deposits, and the UK Workplace platform provide operating support, while China pressure, capital sensitivities, and contract-related effects limit the strength of the growth case.
Reported Before market openNYSEFinancial Services
$13.25B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
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Consensus —
EPS surprise
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Reported versus consensus
Reported revenue
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Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-10.1%
Event window
SPY move
-0.4%
Same window
Abnormal move
-9.7%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+9.1%
Up to 20 sessions
AEGSPY benchmark
Ask FN2 about AEG FY2024 Q4
Transcript, numbers and history already loaded
What drove AEG's -10.1% move after FY2024 Q4 earnings?What changed in AEG's guidance and outlook in FY2024 Q4?Give me the bull and bear case for AEG after FY2024 Q4 earnings.
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Transcript intelligence
What changed
Compared with the prior analysis, the current review highlighted a 14% year-over-year increase in second-half operating results, stronger detail on U.S. and asset-management drivers, a 17% dividend increase, and an additional €150 million buyback. China and RBC-ratio sensitivities remained material concerns.
Guidance delta
Management maintained its 2025 operating-capital-generation target of €1.2 billion and outlined a €800 million free-cash-flow goal.
Key takeaways
- Second-half 2024 operating results rose 14% year over year, driven by U.S. strategic assets and asset-management performance.
- Management said it met free-cash-flow and operating-capital-generation guidance and increased the dividend by 17%.
- UK Workplace retirement deposits were strong, while the International segment, especially China, faced pressure from lower rates and pricing actions.
- The company remains focused on capital reduction, operating-model transformation, and expansion in U.S. life and retirement businesses.
Management priorities
- Deliver €1.2 billion of 2025 operating capital generation and €800 million of free cash flow.
- Continue the life operating-model transformation and expand U.S. strategic assets.
- Reduce capital employed in financial assets toward the €2.2 billion 2027 target.
- Complete the €150 million buyback planned for the first half of 2025 and continue retirement-platform growth.
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Beat
Miss
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Analyst 52W Price Targets
$8.24Current
$7.5Low
$7.5Average
$7.5High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 $8.24. 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 | -9.0% | 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 |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
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 · 2025-02-06T00:01:56.136176+00:00
- Polygon adjusted daily market bars · 2026-10-11T09:00:44.548578+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T09:00:44.545431+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 2026-10-11. For educational purposes only; not investment advice.