EURONEXT-AMS$AEG
Aegon Ltd · Q4 2023 earnings
Q4 2023 earnings · · Before market open · Investor relations
Briefing
Aegon reported solid Q4 2023 results with strong net income and capital generation, driven by favorable one-time items and resilient operational performance.
In Q4 2023, Aegon recorded €547 million in net income and EPS of €0.26. Operating capital generation after holding expenses was €262 million, and total capital generation reached €510 million due to favorable one-time items. Free cash flow for the quarter totaled €79 million.
- Net income reached €547 million in Q4 2023 with EPS of €0.26.
- Operating capital generation was solid at €262 million after holding expenses.
- Total capital generation benefited from favorable one-time items.
- Free cash flow remained positive at €79 million during the quarter.
Headline financials
Revenue & EPS history
Aegon · Revenue · Quarterly
$5.97B
Forward guidance
Aegon anticipates steady capital generation and cash remittances in 2024, with focus on operational discipline and market resilience.
Tailwinds
- Strong Protection Solutions performance across key markets.
- Favorable one-time items boosted capital generation.
- Healthy remittance levels support capital flexibility.
- US RBC and UK Solvency II ratios remained strong.
- Improved margins in core insurance operations.
Headwinds
- Volatile markets could impact future earnings.
- Lower remittances from the International segment.
- Currency fluctuations remain a risk to reported figures.
- Pressure on fee income due to asset mix shift.
- Regulatory changes may affect capital requirements.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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