Aegon Ltd. (AEG) Financial Statements

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Aegon financial statements at a glance

Aegon reported revenue of 26.86 billion EUR for fiscal year 2025 (ended December 31, 2025), up 37.6% from fiscal year 2024. Net income was 925.00 million EUR, a net margin of 3.4%, and diluted earnings per share were 0.59 EUR.

At the end of fiscal year 2025 it had total assets of 317.23 billion EUR, total liabilities of 307.74 billion EUR and shareholders' equity of 9.41 billion EUR, with cash and short-term investments of 52.49 billion EUR and total debt of 3.73 billion EUR.

Its operations brought in 434.00 million EUR of cash; capital spending was 54.00 million EUR, leaving free cash flow of 380.00 million EUR.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in EUR; latest fiscal year ended December 31, 2025.

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Aegon Ltd.

AEGNetherlands
Financial Services
EUR (Local)

Income Statement

Annual • EUR

Total Revenue
26.86B
Prev Year: 19.52B
YoY: +37.6%
Interest Income
5.81B
Prev Year: 5.80B
YoY: +0.3%
Total Premiums Earned
-
Prev Year: 1.11B
Net Investment Income
-
Prev Year: 9.19B
Other Income Expense
31.00M
Prev Year: 27.00M
YoY: +14.8%
Policyholder Benefits (ceded)
1.41B
Prev Year: 949.00M
YoY: +48.8%
Total Expenses
22.54B
Prev Year: 18.86B
YoY: +19.5%
Loss Adjustment Expense
20.24B
Prev Year: 16.63B
YoY: +21.7%
Net Policyholder Benefits And Claims
20.24B
Prev Year: 16.63B
YoY: +21.7%
Selling General and Administrative
1.97B
Prev Year: 1.98B
YoY: -0.7%
Fee and Commission Expense
-
Prev Year: 967.00M
Policyholder Interest
-
General and Administrative Expense
1.97B
Prev Year: 1.98B
YoY: -0.7%
Other General and Administrative
684.00M
Prev Year: 785.00M
YoY: -12.9%
Net Non Operating Interest Income Expense
-6.00M
Prev Year: -6.00M
YoY: 0.0%
Policyholder Dividends
-
Non-operating Interest Expense
6.00M
Prev Year: 6.00M
YoY: 0.0%
Other Operating Expenses
-150.00M
Prev Year: -158.00M
YoY: +5.1%
Policy Acquisition Expenses
-
Pre-tax Income
1.04B
Prev Year: 660.00M
YoY: +58.3%
Provision for Income Taxes
65.00M
Prev Year: -16.00M
YoY: +506.3%
Net Income Common Stockholders
925.00M
Prev Year: 611.00M
YoY: +51.4%
Net Income
977.00M
Prev Year: 688.00M
YoY: +42.0%
Net Income Including Non-Controlling Interests
980.00M
Prev Year: 676.00M
YoY: +45.0%
Net Income from Continuing Operations
980.00M
Prev Year: 676.00M
YoY: +45.0%
Noncontrolling Interests
-3.00M
Prev Year: 12.00M
YoY: -125.0%
Diluted NI Available to Com Stockholders
925.00M
Prev Year: 611.00M
YoY: +51.4%
Net Income from Continuing and Discontinued Operation
977.00M
Prev Year: 688.00M
YoY: +42.0%
Normalized Income
977.00M
Prev Year: 688.00M
YoY: +42.0%
EBIT
1.05B
Prev Year: 666.00M
YoY: +57.8%
Reconciled Depreciation
-167.00M
Prev Year: -31.00M
YoY: -438.7%
Net Income from Continuing Operation Net Minority Interest
977.00M
Prev Year: 688.00M
YoY: +42.0%
Tax Rate for Calcs
0.05
Prev Year: 0
Interest Expense
6.00M
Prev Year: 6.00M
YoY: 0.0%
Net Interest Income
-6.00M
Weighted Average Shares (diluted)
1.90B
Prev Year: 2.01B
YoY: -5.6%
Total Unusual Items Excluding Goodwill
-
Weighted Average Shares (basic)
1.90B
Prev Year: 2.01B
YoY: -5.6%
Total Unusual Items
-
Diluted EPS
0.59
Prev Year: 0.37
YoY: +59.5%
Basic EPS
0.59
Prev Year: 0.37
YoY: +59.5%
Otherunder Preferred Stock Dividend
52.00M
Prev Year: 77.00M
YoY: -32.5%
Depreciation and amortization
18.00M
Prev Year: 17.00M
YoY: +5.9%
Amortization
18.00M
Prev Year: 17.00M
YoY: +5.9%
Salaries and Wages
1.28B
Prev Year: 1.20B
YoY: +7.3%
Operating Revenue
26.86B
Policyholder Benefits (gross)
21.65B
Prev Year: 17.58B
YoY: +23.2%
Values in EUR

Aegon key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue26.9B EUR19.5B EUR20.1B EUR-21.6B EUR42.5B EUR
Operating income1.1B EUR666.0M EUR-384.0M EUR834.0M EUR1.4B EUR
Net income925.0M EUR611.0M EUR-227.0M EUR-606.0M EUR1.9B EUR
Diluted EPS0.59 EUR0.37 EUR-0.12 EUR-0.30 EUR0.94 EUR
Total assets317.2B EUR327.4B EUR301.6B EUR380.7B EUR459.6B EUR
Total liabilities307.7B EUR318.1B EUR292.0B EUR369.8B EUR446.0B EUR
Shareholders' equity9.4B EUR9.2B EUR9.4B EUR10.8B EUR13.4B EUR
Cash and short-term investments52.5B EUR––––
Total debt3.7B EUR5.0B EUR4.9B EUR6.7B EUR12.0B EUR
Operating cash flow434.0M EUR762.0M EUR864.0M EUR2.7B EUR-1.8B EUR
Capital spending54.0M EUR66.0M EUR116.0M EUR98.0M EUR112.0M EUR
Free cash flow380.0M EUR696.0M EUR748.0M EUR2.6B EUR-1.9B EUR

In EUR. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Aegon's revenue in fiscal year 2025?

26.86 billion EUR, up 37.6% from 19.52 billion EUR in fiscal year 2024.

How much profit does Aegon make?

Aegon reported net income of 925.00 million EUR for fiscal year 2025 (3.4% of revenue); operating income was 1.05 billion EUR.

How much cash and debt does Aegon have?

At the end of fiscal year 2025: cash and short-term investments of 52.49 billion EUR and total debt of 3.73 billion EUR.

What is Aegon's free cash flow?

380.00 million EUR in fiscal year 2025 (operating cash flow of 434.00 million EUR minus capital spending of 54.00 million EUR).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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