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Aegon NV Reports Strong 2H24 Financial Results and Strategic Progress

Story Highlights
  • Aegon NV achieved a net profit of EUR 741 million in 2H24, driven by growth in the US and asset management.
  • The company met 2024 financial guidance, completed share buybacks, and proposed a higher dividend, highlighting strategic progress.
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Aegon NV Reports Strong 2H24 Financial Results and Strategic Progress

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Aegon NV ( (GB:0Q0Y) ) has issued an announcement.

Aegon NV reported a net profit of EUR 741 million in the second half of 2024, with significant growth in operating results driven by improved performance in the US and asset management sectors. The company achieved its 2024 guidance for operating capital generation and free cash flow, indicating robust capital management and strategic execution. Aegon has also completed significant share buybacks and proposed a final dividend increase, reflecting confidence in future growth and commitment to shareholder returns. The company is on track to meet its 2025 targets, focusing on strategic partnerships and improving digital customer experiences.

More about Aegon NV

Aegon NV is an international financial services holding company that focuses on providing investment, protection, and retirement solutions. It operates fully owned businesses in the United States and the United Kingdom and has a global asset management unit. Additionally, Aegon engages in insurance joint ventures in Spain & Portugal, China, and Brazil, and asset management partnerships in France and China. The company is working towards enhancing its performance and creating sustainable value for stakeholders, emphasizing growth in strategic assets and partnerships while maintaining capital strength.

YTD Price Performance: 13.72%

Average Trading Volume: 1,221,328

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €9.98B

See more insights into 0Q0Y stock on TipRanks’ Stock Analysis page.

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