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Aegon NV

AEG Financial Insurance Diversified

Aegon NV’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, down 7.24% from fiscal 2024.

8.33 0.13 −1.54%
Market cap
$12.6B
P/E
0.0×
Fwd P/E
8.4×
Dividend yield
5.76%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 33.73%

Capital & Financial Ratios $m

Size
Market Cap 12,560.00
Revenue ttm 18,446.87
Net income ttm 832.54
Free cash flow ttm 2,808.77
Net debt Q 253.47
Valuation
P/E 0.00
Forward P/E 8.38
Price / sales 1.02
Forward P/S Powerpack
Price / FCF 6.73
Price / book 1.81
Financial health
Current ratio Q 0.12
Debt / equity Q 0.42
Interest coverage Q (18.60)
Growth
Revenue growth Q −53.52% (below 0%: shrinking)
Operating income growth Q −198.22% (below 0%: shrinking)
EPS, this year +68.01% (at or above 15%: strong)
EPS, next year A −0.63% (below 0%: weak)
Revenue, next year A −49.43% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +21.28% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 97.03%
10-year low 10-year high
P/B against its own 10 years 97.32%
10-year low 10-year high

Dividends raised 4 years running

Yield
5.76%
Annual rate
0.49
Payout ratio
—
Growth, 2017–25
+0.12%/yr
  1. 0.44 ’17
  2. 0.33 ’18 −25
  3. 0.33 ’19 +2
  4. 0.18 ’20 −45
  5. 0.17 ’21 −10
  6. 0.21 ’22 +23
  7. 0.28 ’23 +36
  8. 0.35 ’24 +25
  9. 0.44 ’25 +26
  10. 0.31 ’26e −30
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4,409 3,754 3,092 4,087
Receivables 17,975 17,336 19,407 20,201
Inventory — — — —
Other — — — —
22,384 21,090 22,499 24,288
2023 2024 2025 Q'26
Payables 296,881 327,184 333,946 208,433
ST’ Debt — — — —
Other — — — —
297,236 327,543 334,289 208,433

Compound Annual Growth %

10y 5y 3y
Sales (9.37%) (15.01%) (16.69%)
Cash Flow (7.00%) 0.00% (45.32%)
Earnings 2.86% 0.00% 0.00%
Book Value (9.92%) (17.54%) (10.43%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2022 Estimate −0.29 Actual −0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Jun 2022 −0.11 −0.20 Miss by 0.09
Sep 2022 −0.29 −0.10 Beat by 0.19

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 0.58
’24 — — — — 0.40
’23 — 0.03 — — (0.13)
’22 0.23 (0.20) (0.10) (0.52) (0.77)
’21 0.22 0.48 (0.05) 0.23 0.92
’20 — 0.11 — (0.21) (0.10)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 12,996
’24 — — — — 14,011
’23 — 3,498 — — 14,177
’22 7,525 6,585 6,198 2,165 22,474
’21 8,108 7,479 6,858 7,380 29,825
’20 — 14,336 — 12,702 29,308
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 1,356 — — —
’25 — (200) — — 491
’24 — 697 — — 825
’23 — — — — 935
’22 77 1,608 277 1,041 3,004
’21 (1,776) 158 (1,169) 663 (2,125)
’20 — (873) — (2,384) (3,260)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 1,324 — — —
’25 — (233) — — 436
’24 — 669 — — 775
’23 — 8 — — 863
’22 50 1,583 261 1,016 2,910
’21 (1,799) 134 (1,201) 612 (2,255)
’20 — (919) — (2,384) (3,386)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 37,243 37,269 34,147 31,581 29,308 29,825 22,474 14,177 14,011 12,996 18,447 (11.0%) 6,572 6,703 6,837 (19.3%)
Gross margin, % (53.03) (66.67) 32.75 (131.88) (97.58) (103.71) 142.35 100.00 100.00 100.00 119.87 +153.0 pt
EBT 675 2,864 887 1,632 (416) 2,839 (1,626) (423) 714 1,182 (2,471) +6.4%
EBT margin, % 1.81 7.69 2.60 5.17 (1.42) 9.52 (7.23) (2.98) 5.10 9.10 (13.39) +7.3 pt
Net income 675 2,864 887 1,632 (416) 2,839 (971) (374) 714 1,182 833 +6.4%
Per share, $
Per share, $ Revenue 18.18 14.24 16.77 12.08 14.34 11.46 11.18 7.49 8.60 6.85 8.26 (10.3%)
Earnings 0.17 1.07 0.34 0.53 (0.10) 0.92 (0.77) (0.13) 0.40 0.58 (0.79) +15.0%
Cash flow 1.79 0.24 0.30 3.13 (1.59) (0.82) 1.49 0.49 0.51 0.26 0.00 (19.4%)
Capex (0.05) (0.04) (0.06) (0.04) (0.06) (0.05) (0.05) (0.04) (0.03) (0.03) 0.00 (5.3%)
Free cash flow 1.75 0.20 0.24 3.09 (1.66) (0.87) 1.45 0.46 0.48 0.23 0.00 (20.2%)
Book value 13.15 10.41 13.09 10.47 13.78 11.99 7.44 5.47 6.18 5.66 0.00 (8.9%)
Shares, m 2,048 2,617 2,036 2,614 2,044 2,602 2,010 1,892 1,630 1,898 2,202 (0.8%)
Valuation, ×
Valuation, × P/E 22.64 5.95 4.48 3.53 6.79 5.61 0.00 0.00 0.00 0.00 0.00 4.9
P/S 0.40 0.45 0.28 0.22 0.18 0.43 0.57 0.69 0.71 0.93 1.02 0.5
P/B 0.55 0.61 0.55 0.48 0.38 0.41 0.86 1.15 1.42 1.62 1.81 0.8
EV/Sales 0.47 0.56 0.41 0.16 0.24 0.63 0.71 0.78 0.75 0.99 — 0.6
EV/FCF 4.93 40.42 3.88 0.85 2.67 (8.31) 5.48 3.59 3.88 10.55 — 6.8
Cash, $m
Cash, $m Operating cash flow 3,673 625 611 8,178 (3,260) (2,125) 3,004 935 825 491 2,893 (20.0%)
Capex (97) (113) (126) (94) (126) (130) (94) (73) (50) (55) (85) (6.1%)
Free cash flow 3,575 512 484 8,084 (3,386) (2,255) 2,910 863 775 436 2,809 (20.9%)
Balance, $m
Balance, $m Working capital (356,907) (333,124) (356,295) (379,581) (392,329) (441,012) (268,366) (274,852) (306,453) (311,790) (184,145) (1.5%)
Net debt 2,847 4,104 5,558 (839) 2,555 5,875 3,097 569 1,295 803 253 (13.1%)
Shareholders’ equity 26,936 27,242 26,652 27,374 28,170 31,201 14,951 10,340 10,078 10,743 10,449 (9.7%)
Returns, %
Returns, % ROA 0.07 0.58 0.15 0.27 (0.04) 0.43 (0.32) (0.07) 0.19 0.29 0.00 +0.2 pt
ROIC 3.85 6.98 3.48 5.09 0.92 4.97 (5.04) 1.02 5.45 26.46 0.00 +22.6 pt
ROE 1.17 9.76 2.62 4.77 (0.76) 7.74 (6.71) (1.94) 6.48 10.05 0.00 +8.9 pt
People
People Employees 29,380 28,318 26,543 23,757 22,322 22,000 19,087 15,658 15,582 15,304 — (7.0%)
Revenue/emp, $m 1.27 1.32 1.29 1.33 1.31 1.36 1.18 0.91 0.90 0.85 — (4.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2023 · fundamentals updated 26 Oct 2026

Aegon NV vs peers in Insurance Diversified (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
AIG American International Group, Inc. $42.3B 13.1× 11.5× +17.19% (above 0%: growing) +71.28% (above 0%: growing) +100.37% (above 0%: growing) 0.00% 0.00% Compare
ACGL Arch Capital Group Ltd. $37.7B 8.8× 9.2× −8.89% (below 0%: shrinking) −15.09% (below 0%: shrinking) −19.60% (below 0%: shrinking) 37.31% 26.42% Compare
HIG The Hartford Insurance Group, Inc. $36.7B 8.2× 9.0× +3.94% (above 0%: growing) +28.27% (above 0%: growing) +67.37% (above 0%: growing) 48.57% 22.62% Compare
AEG Aegon NV $12.6B — (loss-making) 8.4× −53.52% (below 0%: shrinking) −86.85% (below 0%: shrinking) +30.41% (above 0%: growing) 14.93% (11.60%)
BNT Brookfield Wealth Solutions Ltd. $12.4B 48.5× — +38.85% (above 0%: growing) −80.05% (below 0%: shrinking) +154.51% (above 0%: growing) 26.99% 10.58% Compare
PLGO Pelagos Insurance Capital Limited $2.3B 6.7× 7.4× +10.30% (above 0%: growing) +194.44% (above 0%: growing) +92.57% (above 0%: growing) 15.54% 10.68% Compare
XZO Exzeo Group, Inc. $1.6B 17.7× 18.0× +0.04% (above 0%: growing) 0.00% −101.10% (below 0%: shrinking) 62.06% 47.39% Compare
IGIC International General Insurance Holdings Ltd. $1.0B 10.1× 8.3× +8.54% (above 0%: growing) −12.00% (below 0%: shrinking) −54.63% (below 0%: shrinking) 34.54% 14.30% Compare
WDH Waterdrop Inc. Unsponsored ADR $280.7M 4.8× 4.9× +82.47% (above 0%: growing) 0.00% +117.24% (above 0%: growing) 62.90% 7.68% Compare
Median of peers $7.4B 9.4× 9.0× +9.42% 0.00% +79.97% 35.92% 12.49%

All 11 Insurance Diversified stocks →

Aegon NV (AEG) Latest News

27 Oct

Impact 3 · · Simply Wall St.

24 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 3 · · GlobeNewswire

13 Oct

Impact 3 · · Simply Wall St.

9 Oct

Impact 4 · · Simply Wall St.

8 Oct

Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire

1 Oct

Impact 3 · · Proactive Investors

30 Sep

Impact 3 · · Proactive Investors

22 Sep

Impact 3 · · Simply Wall St.

7 Sep

Impact 4 ·

1 Sep

Impact 4 ·

26 Aug

Impact 4 ·

25 Aug

Impact 3 ·
Impact 3 ·

24 Aug

Impact 3 ·

20 Aug

Impact 4 ·
Impact 3 · transcript
Impact 3 · · MarketBeat transcript

29 Jun

Impact 3 ·

19 Jun

Impact 4 ·

17 Jun

Impact 3 ·

28 May

Impact 3 · · GlobeNewswire

16 Apr

Impact 3 · · Zacks

15 Mar

Impact 4 · · Insider Monkey

19 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 3 · · GlobeNewswire

14 Feb

Impact 4 · · Bloomberg

13 Feb

Impact 3 · · Business Wire

AEG metrics, ten years each

stockrow.com/AEG · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com