STOCK TITAN

Aegon (NYSE: AEG) starts EUR 200m buyback and completes EUR 227m plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Aegon has begun a new EUR 200 million share buyback, announced at its Capital Markets Day in December 2025, which it expects to complete by December 23, 2026. The company plans to cancel the repurchased shares.

Vereniging Aegon, holding about 18.4% of shareholders’ voting rights, will participate pro rata for EUR 37 million. Aegon also completed a separate EUR 227 million buyback that ran from January 12, 2026 to June 30, 2026, repurchasing 33,909,553 shares at an average price of EUR 6.68. Of these, 4,033,295 shares (worth EUR 27 million) will be used for senior management share-based compensation, and the remainder will be cancelled in the second half of 2026.

Positive

  • EUR 200 million share buyback plus a completed EUR 227 million program represent substantial capital returned to shareholders, with most repurchased shares designated for cancellation.
  • Pro-rata participation by Vereniging Aegon and use of 4,033,295 shares for management compensation help balance ownership alignment with limiting future dilution.

Negative

  • None.

Insights

Aegon accelerates capital return via back-to-back share buybacks.

Aegon is executing two sizeable share repurchase programs: a completed EUR 227 million buyback and a newly launched EUR 200 million program. Repurchased shares are largely intended for cancellation, directly reducing the number of shares in circulation.

Vereniging Aegon’s pro-rata participation, based on its roughly 18.4% voting stake, keeps its ownership alignment with other shareholders while still allowing capital return. Using a portion of repurchased shares to satisfy senior management share-based plans limits additional issuance from compensation.

The new program is to be carried out through a third party, with pricing linked to the daily volume-weighted average price and subject to EU Market Abuse Regulation and existing shareholder authority from the June 10, 2026 AGM. Actual impact will depend on execution over the planned period to December 23, 2026.

New share buyback size EUR 200 million Program beginning July 1, 2026
Completed buyback size EUR 227 million Program from January 12 to June 30, 2026
Shares repurchased in completed program 33,909,553 shares Common shares bought between Jan 12 and Jun 30, 2026
Average repurchase price EUR 6.68 per share Completed EUR 227 million buyback
Shares for compensation plans 4,033,295 shares Equal to EUR 27 million for senior management plans
Vereniging Aegon voting rights 18.4% Combined common and common B shares’ voting rights
Vereniging Aegon buyback amount EUR 37 million Pro-rata participation in new EUR 200 million program
Compensation-related buyback amount EUR 27 million Value of shares used for share-based compensation
share buyback financial
"EUR 200 million share buyback begins following completion of EUR 227 million share buyback"
A share buyback is when a company uses its cash to purchase its own stock from the market, which reduces the number of shares available to other investors. Think of it like a bakery buying back some of its own cookies so the remaining cookies are a bigger slice of the business; buybacks can raise per-share earnings and ownership stakes and signal management’s confidence, but they also use cash that could have been spent on growth or dividends.
volume-weighted average price financial
"determined based on the daily volume-weighted average price per common share on Euronext Amsterdam"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Market Abuse Regulation regulatory
"executed in compliance with the EU’s Market Abuse Regulation and within the limitations"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
inside information regulatory
"contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1)"
Information not available to the public that, if known, would likely cause a company’s stock or bonds to rise or fall—for example, undisclosed earnings, deals, product results, or management plans. It matters because trading on that information gives an unfair advantage, can distort market prices, and is typically illegal or subject to strict rules, so investors watch for proper disclosure and compliance to protect fair, transparent markets.
Integrated Annual Report financial
"included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report"
An integrated annual report combines a company's formal financial statements with its narrative on strategy, governance, risks, and environmental, social and governance (ESG) performance into a single document. For investors it acts like a stitched-together map and guidebook — the numbers plus the context — making it easier to judge whether earnings are sustainable, management is credible, and long-term risks or opportunities are being managed.
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Learn about SEC filing dates
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-10882

 

Aegon Ltd
(Translation of registrant's name into English)

 
       
Aegon Limited
An exempted company with liability
limited by shares

www.aegon.com
 Statutory seat
Canon’s Court
22 Victoria Street
Hamilton HM 12
Bermuda
 Principle place of business
World Trade Center
Schiphol Boulevard 223
1118 BH Schiphol
The Netherlands
 Bermuda Registrar of
Companies number: 202302830
(September 30, 2023)
Dutch Chamber of Commerce
number: 27076669
Aegon Limited is a
non-resident company under
the Dutch Act Non Residential
Companies


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Aegon Ltd                           
  (Registrant)
   
  
Date: July 1, 2026 /s/ J.O. van Klinken             
  J.O. van Klinken
  Executive Vice President and General Counsel
  

 

 

EUR 200 million share buyback begins following completion of EUR 227 million share buyback

Schiphol, July 1, 2026 - Aegon today begins a EUR 200 million share buyback that was announced during the Capital Markets Day on December 10, 2025. This share buyback is expected to be completed by December 23, 2026, barring unforeseen circumstances. Aegon intends to cancel the shares it repurchases during this share buyback program.

Vereniging Aegon, Aegon’s largest shareholder, has agreed to participate pro-rata in this new EUR 200 million share buyback program based on its combined common shares and common shares B which represent about 18.4% of the total shareholders’ voting rights. For the Vereniging Aegon, this results in a buyback amount of EUR 37 million. The number of common shares that Aegon will repurchase from Vereniging Aegon will be determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.

Aegon will engage a third party to execute the buyback transactions on its behalf. The common shares will be repurchased at a maximum of the average of the daily volume-weighted average price per common share during the repurchase period. The share buyback program will be executed in compliance with the EU’s Market Abuse Regulation and within the limitations of the existing authority as granted by our shareholders at our annual general meeting held on June 10, 2026.

EUR 227 million share buyback completed effective June 30, 2026
Aegon also announces today that the EUR 227 million share buyback that began on January 12, 2026, has been completed effective June 30, 2026, concluding the share buyback program announced on December 10, 2025. Between January 12, 2026, and June 30, 2026, 33,909,553 common shares were repurchased for a total amount of EUR 227 million at an average price of EUR 6.68 per share. Aegon will use 4,033,295 common shares, equal to a share buyback amount of EUR 27 million, to meet its obligations resulting from share-based compensation plans for senior management and cancel the remainder of the repurchased shares in the second half of 2026.

For further details on Aegon’s share buyback programs, visit our share buyback updates page on our website.

Contacts

Media relationsInvestor relations
Carolien van der GiessenYves Cormier
+31 611 953 367+44 782 337 1511
carolien.vandergiessen@aegon.comyves.cormier@aegon.com
  

About Aegon
Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, focus, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:

  • Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and, in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands.
  • Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets.
  • Changes in the performance of financial markets, including emerging markets, such as:
    • The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios.
    • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds.
    • The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds.
    • The impact from volatility in credit, equity, and interest rates.
  • Changes in the performance of Aegon’s investment portfolio and a decline in the ratings of Aegon’s counterparties.
  • The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates.
  • The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition.
  • The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries.
  • The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends.
  • Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda.
  • Changes affecting interest rate levels and low or rapidly changing interest rate levels.
  • Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates.
  • The effects of global inflation, or inflation in the markets where Aegon operates.
  • Changes in the availability of, and costs associated with, liquidity sources, such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness.
  • Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands.
  • Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business.
  • The frequency and severity of insured loss events.
  • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives.
  • Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results.
  • Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations.
  • Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations.
  • Customer responsiveness to both new products and distribution channels.
  • Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures.
  • Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows.
  • Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies.
  • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, there is no certainty or guarantee what the manner, timing, and potential impacts of the planned relocation of the company’s legal domicile and head office to the United States will be, and if such a relocation can be completed successfully.
  • Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow.
  • Changes in the policies of central banks and/or governments.
  • Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business.
  • Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products.
  • The consequences of an actual or potential break-up of the European Monetary Union in whole or in part and the potential consequences of European Union countries leaving the European Union.
  • Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property.
  • Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates.
  • Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon.
  • Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels.
  • Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, that may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management.
  • Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws.
  • Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.

This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Attachment

  • 20260701_PR_EUR 200 million share buyback begins following completion of EUR 227 million share buyback (https://ml-eu.globenewswire.com/Resource/Download/c6ef37c7-5cb0-44f3-a26a-d486c253ee8c)

FAQ

What share buyback did Aegon (AEG) just start in July 2026?

Aegon has begun a new EUR 200 million share buyback, first announced at its Capital Markets Day in December 2025. The program is expected to run until December 23, 2026, with Aegon intending to cancel the repurchased shares.

When will Aegon’s new EUR 200 million share buyback end?

Aegon expects the EUR 200 million share buyback to be completed by December 23, 2026, barring unforeseen circumstances. The company will engage a third party to execute transactions within pricing limits tied to the daily volume-weighted average share price.

How is Vereniging Aegon participating in the new AEG buyback?

Vereniging Aegon, the company’s largest shareholder with about 18.4% of voting rights, has agreed to participate pro rata. Its share of the new program equals a EUR 37 million buyback amount, with shares priced using the daily volume-weighted average price.

What are the details of Aegon’s completed EUR 227 million buyback?

Between January 12 and June 30, 2026, Aegon repurchased 33,909,553 common shares for a total of EUR 227 million at an average price of EUR 6.68 per share. This concludes the buyback program announced on December 10, 2025.

How will Aegon use the shares from the completed EUR 227 million buyback?

Aegon will use 4,033,295 common shares, equal to EUR 27 million, to meet obligations from senior management share-based compensation plans. The company intends to cancel the remaining repurchased shares in the second half of 2026.

Under what rules will Aegon execute the new share buyback program?

The new buyback will be executed in compliance with the EU Market Abuse Regulation and within the authority granted by shareholders at Aegon’s annual general meeting on June 10, 2026. A third party will conduct purchases based on volume-weighted average pricing constraints.