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Jun 30, 2024
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Aegon Q2 2024 Earnings Report
Aegon reported modest Q2 2024 results with improved capital generation, though impacted by market factors and higher new business strain.
Key Takeaways
In Q2 2024, Aegon posted €191 million in operating capital generation after holding expenses. Net income and EPS figures were not disclosed separately. Despite higher new business strain, underlying performance in strategic markets helped sustain results. Free cash flow was €14 million.
Operating capital generation after holding expenses was €191 million.
EPS came in at €0.15, supported by underlying business performance.
Gross remittances totaled €43 million for the quarter.
Free cash flow was modest at €14 million.
Aegon
Aegon
Aegon Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Aegon aims to maintain capital discipline and focus on growing strategic assets amid persistent macroeconomic challenges.
Positive Outlook
- Strong Protection Solutions performance in the Americas.
- Resilient capital generation despite market volatility.
- UK solvency ratio improved to 192%.
- Continued strategic investments in growth areas.
- Maintained robust RBC ratio at 441%.
Challenges Ahead
- Higher new business strain impacted capital.
- Limited remittances from key markets.
- Net outflows in selected product segments.
- Market impact remained slightly negative.
- Modest free cash flow generation.