Aegon (AGN) AGM 2025 summary

Opening remarks and agenda

• AGM held in Bermuda on June 12, 2025; agenda included the 2024 Annual Report and accounts, remuneration, dividend, auditor appointment, Board composition, share authorizations, and other business.

• Voting procedures and virtual participation were explained, with live voting enabled throughout the meeting.

Financial performance review

• 2024 operating capital generation was EUR 1,245 million, exceeding the EUR 1,161 million target; the 2025 target was ~EUR 1,200 million.

• Free cash flow was EUR 759 million, supported by higher earnings and capital returns from the ASR stake.

• Gross financial leverage remained EUR 5.2 billion, with holding cash capital of EUR 1.7 billion.

• More than EUR 900 million was returned through share buybacks, alongside a 17% dividend increase.

• CEO 2024 short-term incentive outcome was 126%.

Dividend announcements

• Proposed final 2024 dividend was EUR 0.19 per common share and EUR 0.00475 per common share B; full-year dividends, including the interim payment, totaled EUR 0.35 and EUR 0.00875, respectively.

• The 2025 dividend ambition was ~EUR 0.40 per share.