- CEO Lard Friese took over in early 2020 as the pandemic hit capital markets.
- In December 2020, Mr. Friese unveiled a new turnaround strategy through 2023, focused on corporate simplification, cost cutting, and higher free cash flow generation.
- The latest annual and quarterly results suggest the turnaround is in full swing.
- The 2022 outlook appears good and the targets for 2023 remain in place.
- The turnaround strategy should improve operating metrics, reduce the valuation gap versus peers, and drive returns.
For further details see:
Aegon: The Turnaround Is In Full Swing