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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.
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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