Aegon at 10-year highs on plans to relocate to U.S., increased buyback

Aegon

21/08/2025 08:36

** Shares in Amsterdam-listed insurer Aegon AEGN.AS rise about 6.7%, boosted by the group's plans to redomicile to the U.S., doubling of its ongoing share buyback and a narrow H1 earnings beat

** Aegon has started a review process that could see it relocate to the U.S. and make NYSE its primary listing, which J.P.Morgan deems "the far larger news"

** "We believe management would not start such a process if it did not believe that this would be positive for valuation", says JPM, adding the process itself is complicated

** Shares in Aegon touch their highest price in 10 years

** "We expect Aegon shares to perform well today due to a surprise positive buyback announcement, a far stronger...  operating result than we expected, and solid free cash flow", JPM adds

** Up to the previous session's close, the shares gaines 12.5%​ YTD

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com))