Aegon raises buyback to €350 mln after strong first-half profit growth
Aegon, a Bermuda-domiciled insurer, reported a 9% increase in first-half operating profit to €804 million, exceeding analyst expectations. The company raised its share buyback by €150 million to €350 million as it continues its planned relocation to the United States. Operating capital generation increased 27% to €416 million, while free cash flow fell to €392 million, below consensus.
Aegon declared a €0.21 interim dividend per common share, an 11% rise from 2025. The company remains on track to meet or exceed financial goals for 2026. The Group solvency ratio fell to 169% as of June 30, 2026, while the U.S. RBC ratio eased to 420%, below median expectations. Transamerica, Aegon’s U.S. business, saw a 54% increase in Individual Life sales, and its distribution network World Financial Group surpassed 100,000 licensed agents.
Aegon announced New York City as its future head office location and plans to hold an Extraordinary General Meeting on Oct. 8, 2026, for shareholder approval. CEO Lard Friese’s term was extended to the end of the 2030 annual general meeting, with Will Fuller becoming President and Chief Operating Officer from Jan. 1, 2027.
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