EURONEXT-AMS$AEG

Aegon Ltd · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Aegon delivered strong results in Q1 2025, with robust net income and healthy capital generation driven by its Protection Solutions segment.

In Q1 2025, Aegon reported net income of €586 million and EPS of €0.36. Operating capital generation was €190 million, supported by strong underlying earnings. Free cash flow came in at €442 million, reflecting solid operational performance and cash remittances. Market impacts were slightly negative compared to Q4.

  • EPS reached €0.36 with net income of €586 million.
  • Operating capital generation came in at €190 million.
  • Free cash flow was strong at €442 million.
  • Protection Solutions led earnings growth while market impacts were slightly negative.

Headline financials

Total Revenue

$5.84B

No prior period
EPS (adj)

$0.39

No prior period
Operating Capital Gen.

$205M

No prior period
Free Cash Flow

$478M

No prior period
US RBC Ratio

436.0%

No prior period
UK Solvency II Ratio

189.0%

No prior period
Gross Remittances

$63.8M

No prior period
Net Income

$634M

No prior period
Operating Income

$205M

No prior period

Revenue & EPS history

Aegon · Revenue · Quarterly

$5.84B

Q1 2025
Beat estimate in 0 of 4 quarters(0%)
ActualEstimate

Forward guidance

Aegon expects stable operating performance and continued capital generation, while monitoring market volatility and currency effects.

Tailwinds

  • Strong earnings from Protection Solutions.
  • Healthy operating capital generation across units.
  • Robust free cash flow in the quarter.
  • Solvency ratios remain at strong levels.
  • Growth in individual life business in the Americas.

Headwinds

  • Less favorable market impacts compared to Q4.
  • Competitive pressure in investment product lines.
  • Currency headwinds affecting reported earnings.
  • Slowdown in net deposits in certain business areas.
  • Lower contribution from one-time items.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.2%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+1.4%

Avg return

30 days after

56%

20 / 36 earnings

Positive

+11.8%

Q3 2016

Best reaction

-11.9%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025+0.8%-4.2%-5.9%
Q1 2025-0.4%+0.1%-0.4%
Q4 2025-11.4%-8.0%-2.5%
Q4 2023-5.7%-2.4%+2.2%
Q3 2023+4.5%+3.9%+10.3%
Q1 2023+4.8%+5.7%+8.6%
Q4 2022+3.9%+3.6%-9.6%
Q3 2022+5.2%+1.7%+6.0%
Q2 2022+9.3%+8.0%+0.2%
Q1 2022+5.7%+9.3%-2.2%
Q3 2021+0.8%+1.2%-6.0%
Q2 2021+8.6%+6.8%+5.7%
Q1 2021+3.2%+3.0%-3.6%
Q4 2018+1.3%+2.7%+1.9%
Q3 2017+3.8%+2.1%+5.8%
Q2 2017+3.2%+4.6%-1.2%
Q1 2017-6.4%-6.0%-5.2%
Q4 2016-3.7%-4.0%+1.1%
Q3 2016+11.8%+13.8%+21.9%
Q1 2016-11.9%
Q4 2015-0.6%
Q3 2015-9.4%
Q2 2015-11.0%
Q1 2015+0.6%
Q4 2014+2.0%
Q3 2014-6.0%
Q2 2014-1.7%
Q1 2014-2.9%
Q4 2013-1.8%
Q3 2013+2.7%
Q2 2013-2.2%
Q1 2013-3.7%
Q4 2012+4.2%
Q3 2012-3.1%
Q2 2012+6.6%
Q1 2012+6.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro