Saturday 17 October 2026 Export AEG’s income statement to Excel — free account

Aegon NV

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

8.32 0.05 +0.60%

Follow AEG

Alert me

Market cap: $12.2B
P/E: 0.0×
Fwd P/E: 8.9×
Dividend yield: 5.86%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 33.73%

Capital & Financial Ratios $m

Market Cap 12,210.00

Revenue 18,446.87

Net Income 832.54

Free Cash Flow 2,808.77

Net Debt 253.47

Current Ratio 0.12

Debt/Equity 0.42

P/E ratio 0.00

Fwd P/E 8.86

P/S ratio 1.01

P/B ratio 1.78

Past 5Y EPS Growth 96.38%

This Y EPS Growth 65.02%

Next Y EPS Growth (4.23%)

Next Y revenue growth (50.49%)

Next 5Y EPS Growth 18.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 96.31%

10-year low 10-year high

P/B against its own 10 years 96.90%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.49

Annual Dividend Yield 5.86%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.30	0.24 0.25
2025	0.30	0.22 0.22
2024	0.35	0.17 0.18
2023	0.28	0.13 0.15
2022	0.21	0.10 0.11
2021	0.17	0.07 0.09
2020	0.18	0.17 0.01
2019	0.33	0.17 0.17
2018	0.33	0.16 0.16
2017	0.44	0.15 0.14 0.15
2016	0.29	0.15 0.15

predictions special payouts not included in total or ratios

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%)

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.

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)	0.02

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3.36	4.73	4.42	3.69	1.80	3.85	3.76	4.02	5.53	5.42	Analyst estimates 2026–2028 Powerpack
	High	6.09	6.35	7.48	5.43	4.60	5.29	6.22	5.83	6.96	8.15
People
People	Employees	29,380	28,318	26,543	23,757	22,322	22,000	19,087	15,658	15,582	15,304
	Revenue/emp, $m	1.27	1.32	1.29	1.33	1.31	1.36	1.18	0.91	0.90	0.85
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
	Gross margin, %	(53.03)	(66.67)	32.75	(131.88)	(97.58)	(103.71)	142.35	100.00	100.00	100.00
	EBT	675	2,864	887	1,632	(416)	2,839	(1,626)	(423)	714	1,182
	EBT margin, %	1.81	7.69	2.60	5.17	(1.42)	9.52	(7.23)	(2.98)	5.10	9.10
	Net income	675	2,864	887	1,632	(416)	2,839	(971)	(374)	714	1,182
	Depreciation	1,337	883	1,553	1,327	825	1,381	1,222	(176)	(34)	(189)
Per share, $
Per share, $	Revenue	14.20	14.24	13.10	12.08	11.25	11.46	8.83	7.49	6.97	6.85
	Earnings	0.24	1.07	1.36	0.53	0.02	0.92	(0.77)	(0.13)	0.40	0.58
	Cash flow	1.40	0.24	0.23	3.13	(1.25)	(0.82)	1.18	0.49	0.41	0.26
	Capex	(0.04)	(0.04)	(0.05)	(0.04)	(0.05)	(0.05)	(0.04)	(0.04)	(0.02)	(0.03)
	Free cash flow	1.36	0.20	0.19	3.09	(1.30)	(0.87)	1.14	0.46	0.39	0.23
	Book value	10.27	10.41	10.22	10.47	10.81	11.99	5.87	5.47	5.01	5.66
	Shares, m	2,623	2,617	2,607	2,614	2,605	2,602	2,546	1,892	2,010	1,898
Valuation, ×
Valuation, ×	P/E	22.64	5.95	4.48	3.53	6.79	5.61	0.00	0.00	0.00	0.00
	P/S	0.40	0.45	0.28	0.22	0.18	0.43	0.57	0.69	0.71	0.93
	P/B	0.55	0.61	0.55	0.48	0.38	0.41	0.86	1.15	1.42	1.62
	EV/Sales	0.47	0.56	0.41	0.16	0.24	0.63	0.71	0.78	0.75	0.99
	EV/FCF	4.93	40.42	3.88	0.85	2.67	(8.31)	5.48	3.59	3.88	10.55
Cash, $m
Cash, $m	Operating cash flow	3,673	625	611	8,178	(3,260)	(2,125)	3,004	935	825	491
	Capex	(97)	(113)	(126)	(94)	(126)	(130)	(94)	(73)	(50)	(55)
	Free cash flow	3,575	512	484	8,084	(3,386)	(2,255)	2,910	863	775	436
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)
	Total debt	15,404	16,275	15,884	12,896	12,119	14,026	6,686	4,979	5,049	3,895
	Net debt	2,847	4,104	5,558	(839)	2,555	5,875	3,097	569	1,295	803
	Shareholders’ equity	26,936	27,242	26,652	27,374	28,170	31,201	14,951	10,340	10,078	10,743
Returns, %
Returns, %	ROA	0.07	0.58	0.15	0.27	(0.04)	0.43	(0.32)	(0.07)	0.19	0.29
	ROIC	3.85	6.98	3.48	5.09	0.92	4.97	(5.04)	1.02	5.45	26.46
	ROE	1.17	9.76	2.62	4.77	(0.76)	7.74	(6.71)	(1.94)	6.48	10.05

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2023

Charts ten years each

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.	$41.4B	14.7×	11.0×	−0.08% (below 0%: shrinking)	−10.50% (below 0%: shrinking)	+23.36% (above 0%: growing)	32.04%	19.25%	Compare
HIG The Hartford Insurance Group, Inc.	$36.0B	8.7×	10.0×	+8.14% (above 0%: growing)	+35.53% (above 0%: growing)	+4.24% (above 0%: growing)	43.81%	17.64%	Compare
ACGL Arch Capital Group Ltd.	$33.9B	7.8×	9.1×	−10.45% (below 0%: shrinking)	−7.58% (below 0%: shrinking)	+17.63% (above 0%: growing)	37.57%	25.90%	Compare
AEG Aegon NV	$12.2B	— (loss-making)	8.9×	−53.52% (below 0%: shrinking)	−86.85% (below 0%: shrinking)	+30.41% (above 0%: growing)	14.93%	(11.60%)
BNT Brookfield Wealth Solutions Ltd.	$10.9B	42.5×	—	+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	$2.1B	6.1×	5.8×	+10.30% (above 0%: growing)	+194.44% (above 0%: growing)	+92.57% (above 0%: growing)	15.54%	10.68%	Compare
XZO Exzeo Group, Inc.	$1.5B	17.0×	13.1×	+3.02% (above 0%: growing)	−5.49% (below 0%: shrinking)	−59.20% (below 0%: shrinking)	63.75%	49.26%	Compare
IGIC International General Insurance Holdings Ltd.	$1.0B	9.9×	8.3×	+8.70% (above 0%: growing)	−36.36% (below 0%: shrinking)	−54.63% (below 0%: shrinking)	23.60%	4.88%	Compare
WDH Waterdrop Inc. Unsponsored ADR	$283.5M	4.8×	6.5×	+82.47% (above 0%: growing)	0.00%	+117.24% (above 0%: growing)	62.90%	7.68%	Compare
Median of peers	$6.5B	9.3×	9.1×	+8.42%	−6.53%	+20.50%	34.80%	14.16%

All 11 Insurance Diversified stocks →

Aegon NV (AEG) key facts

Concern: Aegon NV’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, down 7.24% from fiscal 2024.
Aegon NV (AEG) is an Insurance Diversified company in the Financial sector, traded in the US as an ADR.
As of October 16, 2026, AEG traded at $8.32, a market capitalization of $12.2 billion.
Aegon NV pays an annual dividend of $0.49 per share, a yield of 5.86%.
Return on equity was 10.1% and debt-to-equity 0.42.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.