Aegon NV (AEG) vs Brookfield Wealth Solutions Ltd. (BNT)

Aegon NV and Brookfield Wealth Solutions Ltd. are both Insurance Diversified companies. Aegon NV is the larger, with a market value of $13.1B against $10.9B — 1.2× the size. Aegon NV has negative trailing earnings, so its P/E is not meaningful; Brookfield Wealth Solutions Ltd. trades at 42.8×. Brookfield Wealth Solutions Ltd. grew revenue faster over the last twelve months: −17.5% against −36.9%. Brookfield Wealth Solutions Ltd. has the higher net margin (0.90% vs −10.3%) and the higher return on invested capital (6.46% vs 0.00%). Both pay a dividend; Aegon NV yields more (5.67% vs 0.71%). Across the 21 metrics below, Brookfield Wealth Solutions Ltd. leads on 17 and Aegon NV on 4.

Valuation

Metric AEG BNT Insurance Diversified median
P/E n/m 42.79 11.30
P/S 1.08 0.91 1.47
P/B 1.90 0.61 1.45
Price to free cash flow 6.79 3.36 5.78
EV/EBITDA n/m 2.52 6.62
EV/Sales 1.09 0.68 1.82
Earnings yield (8.91%) 2.34% 7.87%
Free cash flow yield 14.73% 29.75% 17.30%

Profitability

Metric AEG BNT Insurance Diversified median
Gross margin 119.87% 53.26% 53.26%
Operating margin (12.33%) 13.14% 18.04%
Net margin (10.34%) 0.90% 15.94%
Free cash flow margin 0.00% 27.20% 20.02%
Return on equity 0.00% 0.64% 12.08%
Return on assets 0.00% 0.06% 5.06%
Return on invested capital 0.00% 6.46% 9.01%

Growth

Metric AEG BNT Insurance Diversified median
Revenue growth (TTM) (36.92%) (17.52%) (1.11%)
EPS growth (last fiscal year) 46.05% (61.08%) —
Revenue growth, 5-year CAGR (15.01%) 86.62% 8.63%
Net income growth, 5-year CAGR 0.00% 275.85% 10.84%

Health

Metric AEG BNT Insurance Diversified median
Debt to equity 0.42 0.55 0.22
Current ratio 0.12 0.16 0.48
Net debt to EBITDA 0.17 (1.87) 0.17

Dividend

Metric AEG BNT Insurance Diversified median
Dividend yield 5.67% 0.71% 2.08%
Payout ratio 0.66 0.05 0.02

Size

Metric AEG BNT Insurance Diversified median
Market cap 13.12b 10.88b 13.12b

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