Aegon continues to make good progress in transforming its businesses during the 3Q2025

25 November 2025 — Marina MAGNAVAL
The Dutch insurer Aegon reported EUR 340 million operating capital generation (OCG) before holding funding and operating expenses for third quarter 2025. Capital ratios of Aegon’s main units remain strong, above their respective operating levels, according to the company’s press release.

Cash Capital at Holding stood at EUR 1.9 billion, reflecting the sale of 12.5 million shares in a.s.r. for EUR 700 million, the payment of the 2024 final dividend and the 2025 interim dividend, and 54% completion of the ongoing EUR 400 million share buyback program.

According to the company’s report, Aegon is on track to meet all financial targets for 2025. Aegon reported continued strong commercial momentum in US Strategic Assets: Individual Life sales are up 39% compared with the prior year period, while World Financial Group’s (WFG) sales and US Retirement Plans account balances also increase. Net outflows in UK platform business, while Asset Management third-party net flows remain positive.

“During the third quarter of 2025, we continued to make good progress in transforming our businesses. Transamerica, our largest business, continued to grow its distribution network, WFG, and maintained its strong commercial momentum with increased life and annuity sales. While our business in the United Kingdom saw some outflows due to the departure of two large, low-margin schemes, our Asset Management and International businesses continued to grow”, commented Lard Friese, Aegon CEO. “Throughout the quarter, our businesses remained well capitalized. We delivered strong OCG across our portfolio and remain on track to achieve our full-year OCG target of EUR 1.2 billion for 2025”, the CEO emphasized.

The full report can be found here.



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