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Aegon NV (AEG)
NYSE:AEG
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Earnings Data
Report Date
Feb 20, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: -6.89%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong operating capital generation and strategic progress, particularly in the U.S. market, balanced by significant challenges in IFRS operating results, U.K. retail, and asset management outflows.Company Guidance
During the Aegon Second Half 2023 Results Call, several key financial metrics and strategic initiatives were discussed. For the second half of 2023, Aegon's operating capital generation before holding funding and operating expenses was 16% higher than the same period in 2022. The IFRS operating result was reported at EUR 681 million, marking a decrease due to previous management actions and one-time favorable items in the prior year. Aegon's cash capital at holding was EUR 2.4 billion, surpassing operating levels despite a EUR 500 million debt reduction and progress on a EUR 1.5 billion share buyback program, of which 76% has been completed. The company's solvency ratio for its U.S. RBC stood at 432%, and Scottish Equitable in the U.K. reported a solvency ratio of 187%. The significant share buyback and dividend increase to EUR 0.30 per common share were highlighted, reflecting Aegon's focus on returning capital to shareholders. Additional focus areas included achieving a 16% increase in operating capital generation over 2023, driven by U.S. strategic assets and management actions, and a commitment to maintaining strong capital ratios while targeting financial asset capital reduction to $2.2 billion by 2027.Strong Operating Capital Generation
Operating capital generation before holding funding and operating expenses increased by 16% over the second half of 2023, reaching EUR 660 million, and was 14% higher than 2022 at nearly EUR 1.3 billion for the full year.
Successful Share Buyback Program
76% of a EUR 1.5 billion share buyback program was completed, returning more than EUR 1.1 billion to stockholders.
U.S. Business Performance
Strong commercial momentum in the U.S. with an 18% increase in the number of licensed WFG agents and a 13% increase in new life sales compared to 2022.
Dividend Growth
Proposed final dividend for 2023 increased to EUR 0.16 per share, bringing the full-year dividend to EUR 0.30 per share, up more than 30% compared to 2022.
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AEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $6.24 | $6.26 | +0.32% |
| Aug 22, 2024 | $6.28 | $5.87 | -6.53% |
| May 16, 2024 | $6.43 | $6.49 | +0.93% |
| Mar 01, 2024 | $5.64 | $5.31 | -5.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aegon NV (AEG) report earnings?
Aegon NV (AEG) is schdueled to report earning on Feb 20, 2025, Before Open Not Confirmed.
What is Aegon NV (AEG) earnings time?
Aegon NV (AEG) earnings time is at Feb 20, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEG EPS forecast?
AEG EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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