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Dec 31, 2024
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Aegon Q4 2024 Earnings Report
Aegon closed the fourth quarter of 2024 with strong capital generation, although affected by negative market impacts and lower one-time gains.
Key Takeaways
In Q4 2024, Aegon generated €263 million in operating capital after holding expenses, with pre-holding operating income of €336 million. Total capital generation reached €429 million, supported by one-time items. Free cash flow remained positive at €80 million, driven mainly by the Americas segment.
EPS for the quarter was €0.20 with net income of €260 million.
Operating capital generation remained stable at €263 million.
Free cash flow reached €80 million in the quarter.
Market impacts and lower one-time gains limited upside.
Aegon
Aegon
Aegon Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The company expects sustained capital generation and financial discipline, though macroeconomic risks remain.
Positive Outlook
- Strong operational performance in Protection and Savings.
- Robust US and UK solvency ratios.
- Growth in assets under management in Asset Management.
- Healthy remittances from operating units.
- Continued cost discipline at the holding level.
Challenges Ahead
- Ongoing market volatility affects results.
- Lower contribution from one-time positive items.
- Net outflows persist in certain business lines.
- EUR appreciation impacts USD/GBP-based earnings.
- Margin pressure due to competitive environment.