Company reported a net profit of €606 million for the first half of 2025
THE HAGUE: Aegon N.V. reported a net profit of €606 million for the first half of 2025, reversing a €65 million loss in the same period last year, as the Dutch insurer posted strong operating results and announced a strategic review to potentially relocate its legal domicile and headquarters to the United States.
The company’s operating result rose 19% year-over-year to €845 million, driven by business growth and improved experience variance in its U.S. operations. However, valuation equity per share fell 5% to €8.47, impacted by currency headwinds and capital returns.
Operating capital generation (OCG) before holding costs stood at €576 million, down 2% from 2024 due to non-recurring items and increased new business. Free cash flow rose 18% to €442 million, while capital ratios across Aegon’s main units remained above operating levels. Cash Capital at Holding was reported at €2.0 billion, exceeding the company’s operating range.
Aegon increased its ongoing share buyback program by €200 million, bringing the total for the second half of 2025 to €400 million. The interim dividend was raised to €0.19 per common share, up €0.03 from last year.
CEO Lard Friese said the company is on track to meet its 2025 financial targets and highlighted strong commercial momentum across key markets. U.S. life sales rose 13% to $276 million, while the UK Workplace business generated £2.1 billion in net deposits. International growth was led by Brazil, China, and Southern Europe.
Friese also announced a strategic review to potentially relocate Aegon’s legal domicile and head office to the U.S., citing the country’s growing importance to the company’s operations and long-term strategy. The outcome of the review is expected to be shared at Aegon’s Capital Markets Day on Dec. 10, 2025.