Aegon AEG

Aegon Ltd. is an international financial services group that helps millions of people plan, protect, and invest for their future through life insurance, retirement, and asset management solutions. Headquartered in Schiphol, the Netherlands, and domiciled in Hamilton, Bermuda, the company serves customers across the Americas, United Kingdom, and international markets. Aegon Ltd. operates fully owned businesses in the United States, the United Kingdom and Spain, as well as operating the fully owned asset management and Transamerica Life (Bermuda) businesses, alongside partnerships in Spain & Portugal, China, and Brazil, and a strategic shareholding in the Netherlands.

Aegon Ltd. generates revenue from insurance premiums, investment returns, fees, and commissions across its diversified financial services portfolio. The company derives earnings from its insurance operations, asset management activities, and related financial services, leveraging its global platform to provide solutions that support financial security and flexibility for customers. Revenue is generated through direct and affiliated distribution capabilities that engage customers seeking protection, savings, and investment products tailored to their life stages and financial goals.

The company operates through the following segments: Americas, United Kingdom, International, Asset Management, and Holding and other activities.

• Americas: This segment includes business units in the United States (excluding Aegon AM US), including any of the units’ activities located outside of the United States. Aegon Americas operates primarily under the Transamerica and World Financial Group (WFG) brands in the United States and Canada. Transamerica is a leading life insurance company in the United States and the largest of Aegon’s operating units worldwide, employing approximately 7,200 people and serving customers in all 50 states, the District of Columbia, Puerto Rico, the US Virgin Islands, and Guam.
• United Kingdom: This segment comprises business activities from platform business and traditional insurance in the United Kingdom. Aegon UK’s ambition is to become a champion in the UK savings and retirements market through the provision of a broad range of savings, investment, and retirement solutions products to individuals, advisers, and employers. The business model is driven by an interconnected workplace platform, adviser platform, and advice franchise, supported by traditional products and an institutional trading platform. Aegon UK actively trades with over 3,500 adviser firms and around 9,000 employers, giving it a total of 3.8 million customers and GBP 246 billion assets under administration as at December 31, 2025.
• International: This segment includes operations in Spain & Portugal, China, Brazil, Bermuda, Hong Kong, and Singapore, including any of the units’ activities located outside these countries. Aegon International includes partnerships in Spain & Portugal, China and Brazil, as well as the high-net-worth life insurance company Transamerica Life Bermuda (TLB), and some smaller ventures in Asia. TLB was established and incorporated in Hamilton, Bermuda, in 2005, with full-service branches in Hong Kong and Singapore established in 2006 and a representative office in the Dubai International Financial Centre established in 2025.
• Asset Management: This segment comprises business activities from AAM Global Platforms and Strategic Partnerships. Aegon Asset Management is an active global investor with 350 investment professionals managing and advising on assets of EUR 325 billion as of December 31, 2025, for a global client base of corporate and public pension funds, insurance companies, banks, wealth managers, family offices, and foundations. The business operates through four Global Platforms focused on private and public fixed income, real assets, private and public equities, and multi-asset & solutions, with key strategic partnerships in China and France.
• Holding and other activities: This segment covers financing, employee and other administrative expenses of holding companies. Aegon Ltd. serves as the holding company for the Aegon Group, providing centralized support functions including treasury, risk management, and corporate governance. The Holding and other activities segment does not generate external revenue but supports the operational efficiency and strategic oversight of the group’s operating businesses.

Aegon Ltd. holds a strong position in the global life insurance, retirement, and asset management industry, competing with major players such as Prudential plc, Legal & General Group, Allianz, AXA, and MetLife. The company’s competitive advantages stem from its diversified multi-business model, powerful brand presence in the United States through Transamerica, and its purpose-driven approach to helping people live their best lives. Aegon’s scale, global reach, and integrated capabilities in insurance and asset management enable it to serve a broad customer base while maintaining financial resilience through prudent capital allocation and risk management.

Aegon Ltd. serves a diverse customer base of 24.9 million individuals worldwide, including retail customers, high-net-worth individuals, corporate clients, public pension funds, insurance companies, banks, wealth managers, family offices, and foundations. In the United States, Transamerica serves customers across all 50 states and territories, while in the United Kingdom, Aegon UK supports 3.8 million customers through its workplace, adviser, and advice channels. Internationally, the company reaches affluent and high-net-worth individuals predominantly in Asia through Transamerica Life Bermuda and its partnerships in Spain & Portugal, China, and Brazil. Asset management clients include institutional and private investors globally seeking expertise in fixed income, equities, real assets, and multi-asset strategies.