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Brief: Aegon To Move Head Office To U.S., To Be Renamed Transamerica Inc.

Dec 10 (Reuters) - Aegon Ltd AEGN.AS:

ANNOUNCES AMBITION TO BECOME LEADING US LIFE INSURANCE GROUP

TO MOVE HEAD OFFICE TO US AND BE RENAMED TRANSAMERICA

AEGON TO MOVE ITS HEAD OFFICE AND LEGAL SEAT TO US AND BE RENAMED TRANSAMERICA INC. AT COMPLETION OF TRANSITION, WHICH AEGON AIMS TO CONCLUDE BY JANUARY 1, 2028

RELOCATION COST ESTIMATED AT EUR 350 MILLION

REINSURANCE DEAL REDUCES CAPITAL BY USD 0.3 BILLION

UK UNDERGOES STRATEGIC REVIEW INCLUDING POSSIBLE DIVESTMENT

NEW EUR 400 MILLION SHARE BUYBACK PROGRAM TO BE SPLIT EVENLY BETWEEN FIRST AND SECOND HALF OF 2026

EXPECTS TO ACHIEVE ALL FINANCIAL TARGETS FOR 2025

ESTIMATED ONE-TIME IMPLEMENTATION COST OF RELOCATION OF AROUND EUR 350 MILLION TO BE INCURRED BETWEEN H2 2025 AND H1 2028

AIMS FOR DIVIDEND GROWTH OF ABOVE 5% PER ANNUM FROM AROUND EUR 0.40 PER SHARE FOR 2025

AIMS TO BEGIN TO REPORT UNDER US GAAP FOR FIRST TIME AT FY 2027 RESULTS

WILL STOP PUBLISHING TRADING UPDATES IN 2026 AND 2027, LIMITING DISCLOSURES TO COMPREHENSIVE HALF-YEAR REPORTING

AFTER RELOCATION, TRANSAMERICA INC.’S COMMON STOCK WILL REMAIN LISTED ON EURONEXT AND NYSE

EXPECTS MAKE WORLD FINANCIAL GROUP TO INCREASE TOTAL LIFE SALES BY 14% PER ANNUM TO AROUND $900 MILLION

WILL REMAIN A PATIENT SHAREHOLDER OF A.S.R. AND BENEFIT FROM ITS PROGRESS, HOLDING ITS STAKE UNTIL A.S.R. SHARE PRICE REFLECTS ITS INTRINSIC VALUE AND/OR UNTIL VALUE-CREATING OPPORTUNITIES PRESENT THEMSELVES

FINANCIAL AMBITIONS FOR 2026, 2027: GROW OPERATING RESULT BY AROUND 5% PER ANNUM

FINANCIAL AMBITIONS FOR 2026, 2027: GROW OPERATING CAPITAL GENERATION BY 0% – 5% PER ANNUM

FINANCIAL AMBITIONS FOR 2026, 2027: FCF EXPECTED TO GROW BY AROUND 5% PER ANNUM FROM AROUND EUR 0.8 BILLION PER YEAR

Source text: ID:nGNE2t8MSr

Further company coverage: AEGN.AS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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