Aegon

AEG

Market cap $11.6B

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 4.3%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.

Phoenix Group Holdings PLC (LSE:PHNX) is reported to be weighing a move for Aegon UK, where UBS analysts see a strong strategic and financial logic behind a potential deal. Aegon announced last week it would explore a divestment of its UK business, triggering speculation about potential buyers.

Aegon Ltd. (AEG) Analyst/Investor Day Transcript

Aegon's new operating capital generation/FCF targets and capital return plans came in mid–high single digits below our expectations, with an SGUL deal and US redomicile costs heavier than anticipated. During the Q3 release, there was no change to guidance, with the €1.2 billion OCG reiteration. We lower our forecasts and target price to reflect the softer growth trajectory, but keep a Buy rating on AEG, remaining constructive on the long-term equity story.

Some of Britain's biggest savings and insurance groups are expected to take an early look at Aegon's UK business, which has been pushed into a strategic review as the Dutch group prepares to rebrand as Transamerica and shift its centre to the US. Panmure Liberum flags a broad field of potential bidders.

The insurer Aegon on Wednesday it's relocating its headquarters from the Netherlands to the U.S. and renaming itself Transamerica, as part of its ambition to become a leading U.S. life insurance and retirement company.

The Dutch insurer and asset manager plans to relocate its business to the U.S. and rebrand as Transamerica Inc.

Strategic highlights:  Aegon announces ambition to become a leading US life insurance and retirement group Aegon to move its head office and legal seat to the US and be renamed Transamerica Inc. at completion of transition, which Aegon aims to conclude by January 1, 2028 Aegon Asset Management to focus on growing third-party revenues and improving efficiency Continued focus on profitable growth in Aegon's International business Strategic review of Aegon UK, evaluating all options, including divestment Financial highlights: Achieving all financial targets for 2025 Further execution upon Aegon's strategy to reduce capital employed in Financial Assets through a reinsurance transaction on part of its SGUL block, reducing mortality and policyholder behavior risk and capital employed by USD 0.3 billion. Negative impact on RBC ratio neutralized with a capital investment of USD 800 million, which will enable additional operating capital generation and remittances of USD 75 million per annum New EUR 400 million share buyback program to be split evenly between the first and the second half of 2026 New financial ambitions for the transition period including dividend growth of > 5% per annum from around EUR 0.40 per share for 2025 Estimated one-time implementation cost of relocation of around EUR 350 million to be incurred between 2H 2025 and 1H 2028 Schiphol, December 10, 2025 - Today, at its Capital Markets Day (CMD) 2025 in London, Aegon announces its ambition to become a leading US life insurance and retirement group and move its head office and legal seat to the US.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 3.6%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.

Investors interested in Insurance - Multi line stocks are likely familiar with Aegon NV (AEG) and Prudential (PUK). But which of these two stocks offers value investors a better bang for their buck right now?