Aegon Ltd (XAMS:AGN)
€ 6.34 -0.026 (-0.41%) Market Cap: 11.18 Bil Enterprise Value: 12.05 Bil PE Ratio: 0 PB Ratio: 1.18 GF Score: 52/100

Q3 2023 Aegon Ltd Trading Statement Call Transcript

Nov 16, 2023 / 08:00AM GMT
Release Date Price: €4.97 (+2.54%)
Operator

Good day, and thank you for standing by. Welcome to the Aegon Third Quarter 2023 Trading Update.

(Operator Instructions) -- This call is being recorded. I would now like to hand the conference over to your speaker, Hielke Hielkema, Investor Relations Officer. Please go ahead.

Hielke Hielkema

Thank you, operator, and good morning, everyone. Thank you for joining this conference call on Aegon's third quarter 2023 Trading Update.

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E. Friese
Aegon Ltd. - CEO & Chairman of Management Board

This is demonstrated by our continued commercial -- commercial results in the U.K. and our asset manager were more varied. The progress we are making in realigning Aegon is also visible in our capital generation for the third quarter of 2023. Operating capital generation before holding and funding expenses increased by 16% to EUR 354 million. The main driver was higher earnings on in-force in Transamerica, which increased by 45% in U.S. dollars over the prior year period. Driving this was growth

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