AEG - Aegon: Supportive Shareholders' Remuneration Still A Buy
2024-05-17 08:34:24 ET
Summary
- Aegon's Q1 earnings results showed operating capital generation in line with expectations and improvement in the company's AuM flow.
- The company plans to increase its share buyback program by an additional €200 million. 2025 yield is above 9%.
- Aegon's US reporting structure and positive top-line trajectory in the USA contribute to a positive outlook.
It is no secret that Aegon (AEG) has always been our preferred Dutch insurer . The company is a one-stop shop for insurance products, and our buy rating recommendation was backed by 1) the A.S.R. transaction, 2) the Transamerica division upside with ongoing de-risking strategies , and 3) a higher remuneration. In addition, Aegon CEO's track record cannot go unnoticed . Previously, he was NN Group CEO, following the ING spin-off, achieving solid stock price performance....
Aegon: Supportive Shareholders' Remuneration, Still A Buy