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Sep 30, 2024
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Aegon Q3 2024 Earnings Report
Aegon posted stable results in Q3 2024, with strong operating capital generation partially offset by negative one-time items.
Key Takeaways
In Q3 2024, Aegon delivered €263 million in operating capital generation after holding expenses. Net income reached €260 million, supported by steady operational performance, particularly in the Americas. However, results were impacted by negative one-time items totaling €550 million. Free cash flow was €80 million for the quarter.
EPS for the quarter was €0.20 with net income of €260 million.
Operating capital generation totaled €263 million after holding costs.
Negative one-time items impacted overall capital generation.
Free cash flow remained positive at €80 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 expects continued capital discipline and stable earnings, while remaining cautious on market and macroeconomic factors.
Positive Outlook
- Protection Solutions continued strong performance.
- Solid solvency ratios maintained in key regions.
- Resilient operating capital generation across segments.
- Improved underlying earnings in the Americas.
- Positive remittances from subsidiaries.
Challenges Ahead
- Significant drag from negative one-time items.
- Market volatility impacted investment results.
- Currency headwinds from EUR/USD and EUR/GBP.
- Net outflows in select product lines.
- Lower contribution from investment gains.