AEG

MKT CAP:$12B

Aegon Ltd.

Market Cap

$12B

Financial Services·Insurance - Diversified·🇳🇱 Netherlands·NYSE

Financials·Insurance·🇳🇱·NYSE

Stock Price

$8.00+$0.24 (+3.09%)

Apr 22, 2026

Company Details

Aegon Ltd. provides insurance, pensions, and asset management services in the Americas, the Netherlands, and the United Kingdom. The company offers life, accident, and health insurance; savings, pension, annuities, and mutual funds; propert...

CEO

E. Lard Friese

IPO Date

Jun 28, 1985

Website

www.aegon.com

Key Metrics TTM

Revenue

$37.5B

+44.2% YoY

Net Income

$1.1B

EPS (Diluted)

$0.67

Free Cash Flow

$206M

Revenue / Share

$24.81

Gross Margin

100.0%

Operating Margin

40.2%

Net Margin

2.9%

FCF Margin

0.5%

P/S

0.3x

P/E

11.3x

Earnings Reports

FY 2025

Mar 26, 2026

$37.5BEPS $0.70

Q4 2025

Mar 26, 2026

$22.2BEPS $0.30

Q2 2025

Aug 21, 2025

$7.8B+106.2%EPS $0.42

Q2 2024

Jun 29, 2024

$3.8B-48.3%EPS -$0.03

Q1 2024

Mar 30, 2024

$3.8BEPS -$0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 15	-$313M	-$313M	-$731M
Q2 16	$15.4B	$15.4B	-$455M
Q2 23	$7.3B	$7.3B	-$43M
Q4 23	$3.6B	$3.6B	$3.5B
Q1 24	$3.8B	$3.8B	$3.6B
Q2 24	$3.8B	$3.8B	$3.6B
Q2 25	$7.8B	$7.8B	$7.5B
Q4 25	$22.2B	$22.2B	$427M

Valuation

Quarter	P/S	P/E
Q3 15	—	—
Q2 16	—	—
Q2 23	—	—
Q4 23	0.2x	—
Q1 24	0.2x	—
Q2 24	0.7x	413.9x
Q2 25	0.6x	19.3x
Q4 25	0.3x	11.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 15	-$264M	-$311M
Q2 16	-$181M	-$210M
Q2 23	$620M	$604M
Q4 23	-$115M	-$137M
Q1 24	$378M	$365M
Q2 24	$378M	$365M
Q2 25	-$206M	-$236M
Q4 25	-$270M	-$289M

Capital Expenditures

Quarter	CapEx
Q3 15	$47M
Q2 16	$29M
Q2 23	$16M
Q4 23	$22M
Q1 24	$13M
Q2 24	$13M
Q2 25	$30M
Q4 25	$19M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+1303.7%	-57.1%
Q2 24	-75.5%	-98.9%
Q2 25	+6.7%	-96.0%
Q4 25	+511.0%	+11729.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 15	$0	—
Q2 16	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$32M	0.9%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q3 15	$1.0B	—
Q2 16	$1.0B	—
Q2 23	—	$169M
Q4 23	—	$184M
Q1 24	—	$179M
Q2 24	—	$179M
Q2 25	—	$291M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 21	$8.5B	$118.0B	$126.5B
Q2 21	$9.1B	$119.7B	$128.8B
Q3 21	$7.4B	$120.5B	$127.9B
Q4 21	$8.1B	$118.5B	$126.6B
Q1 22	$8.3B	$109.7B	$118.0B
Q2 22	$9.2B	$97.5B	$106.8B
Q3 22	$9.4B	$94.9B	$104.3B
Q4 22	$4.0B	$71.2B	$75.2B
Q2 23	$4.4B	$62.3B	$66.7B
Q3 23	$4.8B	$0	$4.8B
Q4 23	$4.8B	$0	$4.8B
Q1 24	$4.6B	$0	$4.6B
Q2 24	$4.6B	$0	$4.6B
Q4 24	$4.1B	$64.0B	$68.0B
Q2 25	$3.7B	$59.0B	$62.8B
Q4 25	$3.7B	$0	$3.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 15	2.69B	—	—
Q2 16	2.62B	-2.6%	—
Q2 23	2.23B	-14.7%	—
Q4 23	1.75B	-21.6%	—
Q1 24	1.67B	-4.5%	-37.8%
Q2 24	1.67B	0.0%	-36.1%
Q2 25	1.58B	-5.4%	-29.2%
Q4 25	1.51B	-4.4%	-13.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 15	-$11.0K	29K
Q2 16	$489.1K	32K
Q2 23	$471.0K	15K
Q4 23	$232.1K	16K
Q1 24	$240.9K	16K
Q2 24	$240.9K	16K
Q2 25	$499.2K	16K
Q4 25	$8M	3K

Revenue / Employee