Aegon Nv (AEG) has released an update.
Aegon N.V. reports a solid start to 2024 with operating capital generation of EUR 256 million and strong capital ratios, alongside an 85% completion of its EUR 1.535 billion share buyback program. The company announces a new EUR 200 million share buyback program, expected to be completed by end of 2024, and highlights continued sales growth in strategic markets including the US and Brazil. Aegon’s strategy focuses on transforming its US business, reallocating capital to growth opportunities, and maintaining a solid capital position, with an aim to grow its dividend per share to around EUR 0.40 by 2025.
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