Aegon LTD. is a US-listed company in the multi-line insurance industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $22.5bn, down 9.9% on a year earlier, against growth of 2.6% a quarter earlier. The diluted share count is down 4.7% on a year earlier, which lifts each remaining share.
Our model value for Aegon is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -9.9% (-12.5pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for AEG from the sources we follow. See filings →
No model value for Aegon LTD. at the moment. Current status: data-quality checks not passed. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Aegon LTD. as an insurer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.62 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$4.5 ~$3.0–$6.8 | Primary model, counts double |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$3.2 ~$2.8–$3.9 | Included |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$7.5 ~$2.7–$12 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$9.3 ~$7.6–$16 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$6.6 ~$6.0–$10 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$3.8 ~$3.2–$4.7 | Included |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Aegon LTD. with property, casualty and specialty insurers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for Aegon LTD.: too few analysts cover it.
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY15 Q4 | $37.6B |
| FY16 Q4 | $37.3B |
| FY17 Q4 | $37.3B |
| FY18 Q4 | $34.2B |
| FY19 Q4 | $31.6B |
| FY20 Q4 | $24.3B |
| FY21 Q4 | $25B |
| FY22 Q4 | $22.5B |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY16 Q4 | -0.9% |
| FY17 Q4 | -0.0% |
| FY18 Q4 | -8.3% |
| FY19 Q4 | -7.6% |
| FY20 Q4 | -22.9% |
| FY21 Q4 | 2.6% |
| FY22 Q4 | -9.9% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY18 Q4 | -40.5% |
| FY19 Q4 | 125.5% |
| FY20 Q4 | 84.3% |
| FY21 Q4 | 117.2% |
| FY22 Q4 | -164.7% |
Source: SEC EDGAR filings. Retrieved November 1, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY15 Q4 | 2.4% |
| FY16 Q4 | 9.7% |
| FY17 Q4 | 1.5% |
| FY18 Q4 | 1.5% |
| FY19 Q4 | 25.5% |
| FY20 Q4 | -13.8% |
| FY21 Q4 | -8.9% |
| FY22 Q4 | 12.2% |
| Fiscal year | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 37.6 | 37.3 | 37.3 | 34.2 | 31.6 | 24.3 | 25.0 | 22.5 |
| EBITDA | — | — | — | −13.7 | 39.7 | 20.6 | 29.4 | −36.9 |
| Operating income | — | — | — | −13.8 | 39.6 | 20.5 | 29.2 | −37.0 |
| Net income | −0.5 | 0.5 | 2.8 | 0.8 | 1.4 | −0.2 | 2.3 | −0.6 |
| Diluted EPS | −$0.30 | $0.17 | $1.29 | $0.34 | $0.63 | −$0.10 | $1.11 | −$0.32 |
| Growth (year on year) | ||||||||
| Revenue | — | −0.9% | −0.0% | −8.3% | −7.6% | −22.9% | +2.6% | −9.9% |
| EBITDA | — | — | — | — | — | −48.1% | +42.4% | −225.7% |
| Operating income | — | — | — | — | — | −48.3% | +42.7% | −226.6% |
| Net income | — | — | — | −70.1% | +65.7% | −112.1% | — | −125.6% |
| Diluted EPS | — | — | — | −73.4% | +82.9% | −116.4% | — | −128.4% |
| Margins | ||||||||
| EBITDA margin | — | — | — | −40.2% | 125.8% | 84.7% | 117.7% | −164.2% |
| Operating margin | — | — | — | −40.5% | 125.5% | 84.3% | 117.2% | −164.7% |
| Net margin | −1.3% | 1.3% | 7.5% | 2.4% | 4.4% | −0.7% | 9.4% | −2.7% |
| Free-cash-flow margin | 2.4% | 9.7% | 1.5% | 1.5% | 25.5% | −13.8% | −8.9% | 12.2% |
| Cash flow | ||||||||
| Cash from operations | 1.0 | 3.7 | 0.6 | 0.6 | 8.2 | −3.3 | −2.1 | 2.8 |
| Capital spending | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Free cash flow | 0.9 | 3.6 | 0.5 | 0.5 | 8.1 | −3.3 | −2.2 | 2.7 |
| Balance sheet | ||||||||
| Cash | 10.4 | 12.0 | 12.9 | 10.0 | 13.8 | 10.2 | 7.8 | 9.1 |
| Total debt | 0.0 | 13.9 | — | — | 10.4 | 10.4 | — | 4.3 |
| Net debt (negative = net cash) | −10.4 | 1.9 | −12.9 | −10.0 | −3.3 | 0.2 | −7.8 | −4.7 |
| Diluted shares | 2,101m | 2,048m | 2,042m | 2,036m | 2,042m | 2,044m | 2,043m | 2,010m |
| Returned to shareholders | ||||||||
| Dividends | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.1 | 0.1 | 0.2 |
| Total returned | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.1 | 0.1 | 0.2 |
| Last 12 months unless stated | AEG | AIG | L | SLF | AIZ | HMN | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $22.5bn | $26.6bn | $18.8bn | $30.0bn | $13.5bn | $1.7bn | $16.1bn |
| Revenue growth, last 12 months | −9.9% | −4.2% | 2.8% | 5.9% | 9.4% | 5.9% | 4.4% |
| Revenue growth, 3-year average | — | 19.7% | 6.8% | — | 8.4% | 7.7% | 8.0% |
| Revenue growth, latest quarter | — | −0.1% | 1.9% | — | 9.4% | 7.7% | 4.8% |
| Net margin | −2.7% | 11.1% | 7.9% | 8.5% | 7.9% | 10.2% | 9.3% |
| Cash from operations / revenue | 12.5% | 14.5% | 13.9% | 6.7% | 13.9% | 32.4% | 13.9% |
| Free-cash-flow margin | 12.2% | 14.5% | 9.0% | 6.3% | 12.3% | 30.9% | 12.2% |
| Free-cash-flow margin, 3-year average | — | 16.7% | 12.2% | 11.7% | 10.4% | 27.1% | 12.2% |
| Stock pay / revenue | — | — | 0.2% | — | 0.7% | 0.5% | 0.7% |
| Change in share count | −4.7% | −11.1% | −2.9% | −2.7% | −1.4% | −0.3% | −2.6% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Dodge & Cox | $377M | 44.6M | 36.5% | ▼ 11.7% |
| Dimensional Fund Advisors LP | $110M | 13.0M | 10.7% | ▲ 11.0% |
| Morgan Stanley | $50M | 5.9M | 4.8% | ▼ 43.7% |
| Goldman Sachs Group Inc | $44.9M | 5.3M | 4.4% | ▲ 16.6% |
| Blackrock, Inc. | $43.8M | 5.2M | 4.2% | ▼ 2.1% |
| Arrowstreet Capital, Limited Partnership | $40.7M | 4.8M | 3.9% | ▼ 14.5% |
| Qube Research & Technologies Ltd | $23.7M | 2.8M | 2.3% | ▲ 1125.5% |
| Jpmorgan Chase & Co | $21.8M | 2.6M | 2.1% | ▲ 147.7% |
| Quantinno Capital Management LP | $21.6M | 2.6M | 2.1% | ▲ 47.7% |
| Raymond James Financial Inc | $20.8M | 2.5M | 2.0% | ▲ 0.7% |
| UBS Group AG | $20.3M | 2.4M | 2.0% | ▼ 12.1% |
| Jane Street Group, LLC | $19.4M | 2.3M | 1.9% | ▼ 30.3% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Aegon LTD.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
No trades in Aegon LTD. disclosed in the last 12 months; 17 earlier trades on record.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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