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Dec 31, 2023
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Aegon Q4 2023 Earnings Report
Aegon reported solid Q4 2023 results with strong net income and capital generation, driven by favorable one-time items and resilient operational performance.
Key Takeaways
In Q4 2023, Aegon recorded €547 million in net income and EPS of €0.26. Operating capital generation after holding expenses was €262 million, and total capital generation reached €510 million due to favorable one-time items. Free cash flow for the quarter totaled €79 million.
Net income reached €547 million in Q4 2023 with EPS of €0.26.
Operating capital generation was solid at €262 million after holding expenses.
Total capital generation benefited from favorable one-time items.
Free cash flow remained positive at €79 million during the quarter.
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 anticipates steady capital generation and cash remittances in 2024, with focus on operational discipline and market resilience.
Positive Outlook
- Strong Protection Solutions performance across key markets.
- Favorable one-time items boosted capital generation.
- Healthy remittance levels support capital flexibility.
- US RBC and UK Solvency II ratios remained strong.
- Improved margins in core insurance operations.
Challenges Ahead
- Volatile markets could impact future earnings.
- Lower remittances from the International segment.
- Currency fluctuations remain a risk to reported figures.
- Pressure on fee income due to asset mix shift.
- Regulatory changes may affect capital requirements.