Aegon posted a trading update for the third quarter of 2025. Operating capital generation (OCG) before holding and operating expenses was $395 million. Aegon stated that its capital ratios of main units remain strong and above their respective operating levels. Cash capital at holding was stated at $2.2 billion, which reflects a sale of 12.5 million shares for $813 million, the payment of a 2024 final dividend and the 2025 interim dividend, and 54% completion of the ongoing $464 million buyback program.
The World Financial Group’s sales account balances increased and the company demonstrated what it is calling “strong commercial momentum” in its US Strategic Assets.
“During the third quarter of 2025, we continued to make good progress in transforming our businesses,” said Lard Friese, Aegon CEO. “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. 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. I look forward to our Capital Markets Day on December 10, where we will provide an update on our strategy and financial targets, and announce the outcome of our ongoing review regarding a potential relocation of our legal domicile and head office to the United States.”
Aegon stated that it is on track to meet all of its financial targets in 2025.
