Finance
Dutch insurer Aegon's second-half profit rises
Published by Global Banking & Finance Review®
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Aegon reports a 741 million euro net profit for H2 2024, exceeding expectations with strong operating results and a robust Solvency II ratio of 188%.
(Reuters) - Aegon posted on Thursday a net profit of 741 million euros ($772.79 million) for the second half of 2024, as operating results and gains from its ASR Nederland stake cushioned the negative impact of restructuring charges.
The Dutch insurer expects its annual operating capital generation to reach around 1.2 billion euros ($1.25 billion), and a free cash flow of roughly 800 million euros by the end of the 2025.
"We have delivered on both our increased guidance for operating capital generation ... and on our free cash flow guidance ... for 2024. Our main business units remained well-capitalized," CEO Lard Friese said in a statement.
The company's operating capital generation before holding funding and operating expenses reached 658 million euros, surpassing the consensus median of 641 million euros.
The Amsterdam-listed company proposed a final dividend of 19 euro cents per share, pushing the total distribution for 2024 to 35 euro cents apiece.
Aegon aims to pay a dividend of 0.40 euros for 2025.
The group said its Solvency II ratio - which calibrates liquidity levels for extreme events - stands at 188%, exceeding the 185% forecast in a company-provided poll.
($1 = 0.9587 euros)
(Reporting by Jakob Van Calster and Mateusz Rabiega in Gdansk; Editing by Sherry Jacob-Phillips)
Aegon posted a net profit of 741 million euros ($772.79 million) for the second half of 2024.
Aegon expects its annual operating capital generation to reach around 1.2 billion euros ($1.25 billion) by the end of 2025.
Aegon proposed a final dividend of 19 euro cents per share, bringing the total distribution for 2024 to 35 euro cents apiece.
Aegon's Solvency II ratio stands at 188%, which exceeds the 185% forecast in a company-provided poll.
Aegon aims to achieve a free cash flow of roughly 800 million euros by the end of 2025.
Explore more articles in the Finance category
