Overview
Aegon is an international financial-services group focused on helping people plan, protect and invest for the future. Its businesses offer life insurance, pensions, savings, retirement, accident and health insurance, and asset-management solutions. The company’s stated purpose is “Helping people live their best lives.” [1][2][3]
Aegon’s operations span the Americas, the United Kingdom, international markets and asset management. Its wholly owned businesses include operations in the United States, the UK and Spain, alongside businesses in Bermuda and partnerships in markets including Portugal, China and Brazil. The group reported around 15,300 employees worldwide at the end of 2025 and a 2025 operating result of €1.7 billion.[2][4] [1][2][3][4][3][4]
Products & services
AEGON’s insurance products include annuities, individual life and health insurance, and employee group life and health benefits. In the US, workplace coverage is often sold through payroll deduction and includes term, whole-life and universal-life options; some policies can be continued or ported into retirement. **FFIUL II Express** is an indexed universal-life product with instant underwriting decisions, while **My Life Access** lets policyholders view and manage policies online.[5][6][7]
Retirement offerings include employer-sponsored plans with Collective Investment Trusts and general-account stable-value group annuity contracts. **Managed Advice®** provides participant investment advice using a plan’s fund lineup. Investment products also include mutual funds covering domestic and international equities, fixed income, money markets, alternatives, asset allocation and target-date strategies. Aegon Asset Management offers capabilities in fixed income, real assets, equities, and multi-asset and solutions across public and private markets.[8][9][10]
In Spain and Portugal, offerings include life-savings products, individual and group life-risk and health protection, universal-life and unit-linked savings, and life, health, accident and disability cover; riders can add critical-illness or income-protection coverage. In Brazil, MAG Seguros offers whole-life and annually renewable risk and life-savings policies, with optional disability, critical-illness, surgery and home-service benefits; Sicoob offers individual, credit and group life insurance. The **Invida** line combines life cover with health-related protections.[11][12][13]
The 2025 filing reports product-level sales and production measures, but not product percentages of company performance: for example, US indexed universal-life new sales were $417 million and individual-life new sales were $617 million.[14] [5][6][7][8][9][10][11][12][13][14][10]
Geographic presence
In FY2025, Aegon’s principal wholly owned insurance operations were in the United States, the United Kingdom and Spain. Its International business also included activities in Portugal, Brazil, China and Bermuda, alongside partnerships in Spain and Portugal, China and Brazil; its Bermuda-based life insurer served high-net-worth customers mainly in Asia and the Middle East. Aegon also held a strategic shareholding in Dutch insurer a.s.r.[2][15][16]
FY2025 insurance revenue by segment was €8,477 million in the Americas, €422 million in the United Kingdom and €237 million in International, against consolidated revenue of €9,097 million after €39 million of eliminations—approximately 93.2%, 4.6% and 2.6% of the consolidated total, respectively. The report does not provide a further country-level revenue breakdown.[17]
At year-end 2025, reported headcount was 15,304: 6,844 in the Americas, 2,833 in the United Kingdom, 3,189 in International, 1,350 in Asset Management and 1,088 in Holding and other activities. These categories are not all geographic regions, and International and Asset Management figures include Aegon’s share of joint-venture and associate employees. Listed subsidiary locations include Cedar Rapids, Wilmington, Harrison and Des Moines in the United States; Edinburgh, London and Farnborough in the United Kingdom; Madrid, Hamilton, The Hague and Toronto.[18][19] [2][15][16][17][18][19]
Business segments
Aegon reports Americas, United Kingdom, International and Asset Management as business segments, alongside Holding and other activities. In 2025, the five segments together generated €20.48bn in reported revenue before eliminations. Approximate revenue shares of that amount were Americas 66.8%, United Kingdom 16.2%, International 9.8%, Asset Management 3.4%, and Holding and other activities 3.8%.[20] The corresponding operating results were €1,209m, €219m, €224m, €217m and a loss of €224m; as shares of the five segments’ combined €1,645m operating result, these were approximately 73.5%, 13.3%, 13.6%, 13.2% and −13.6%, respectively. These percentages are calculations from the reported segment figures and exclude eliminations.[20]
The Americas segment principally covers Aegon’s U.S. businesses, including Transamerica and its protection products.[2][21] The United Kingdom segment comprises the UK business; its principal entities include Scottish Equitable, Cofunds, Aegon Investment Solutions and Origen.[2][22] International includes operations in Spain and Portugal, Brazil and China, as well as Transamerica Life Bermuda.[16][23] Asset Management is a global operation with business units in Continental Europe, the UK and the US, as well as Real Assets.[2][24] In the latest reported half-year period, 1H 2026, Aegon UK was accounted for as held for sale.[25] [20][20][20][20][20][20][20][20][20][20][20][20][20][20][20][2][21][22][16][23][24][25]
Company history
Aegon traces its history to 1844, through predecessor insurance businesses. Its modern corporate foundation dates to 1983, when AGO Holding N.V. and Ennia N.V. merged to form Aegon N.V.[26][27] Aegon expanded internationally with the addition of Scottish Equitable in 1994 and the acquisition of Transamerica in 1999; it had also listed on the New York Stock Exchange in 1991.[28][29][30]
In 2020, Aegon agreed to sell its Central and Eastern European businesses to Vienna Insurance Group, a transaction completed in 2023.[31][32] Also in 2023, it completed a transaction combining its Dutch insurance, banking and mortgage-origination operations with a.s.r.[33] On September 30, 2023, Aegon N.V. completed its redomiciliation from the Netherlands to Bermuda and became Aegon Ltd.[34][35] [27][34][26][28][29][30][31][32][33][35]
Sources
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