Aegon Doubles Share Buyback To 400M Euros After H1 Profit Surge

Dutch insurer Aegon has reported a swing to profit in the first half of 2025, with a net result of 606 million euros compared to a loss the previous year, and operating results rising 19% to 845 million euros. The company has doubled its ongoing share buyback program from 200 million to 400 million euros, aiming to complete this by the end of 2025, alongside a nearly 20% increase in its interim dividend. Aegon is considering relocating its legal domicile and headquarters to the United States, where over 65% of its earnings and about 70% of its operations are generated through its Transamerica division, with the move potentially taking two to three years. This potential relocation would also shift Aegon's primary stock listing from Amsterdam to New York, a move seen positively by analysts and unrelated to US trade policies. Despite a slight decline in operating capital generation to 576 million euros in H1 2025 due to upfront business costs and reduced capital release in China, the company remains on track to meet its 2025 guidance of approximately 1.2 billion euros. The restructuring follows the divestment of Aegon's Dutch business, emphasizing its focus on growth in the US market.