Aegon today begins a EUR 200 million share buyback program that was announced during the Capital Markets Day on December 10, 2025. The program is expected to be completed by December 23, 2026, barring unforeseen circumstances, and Aegon intends to cancel the repurchased shares. Vereniging Aegon, Aegon’s largest shareholder, has agreed to participate pro-rata based on its combined common shares and common shares B, which represent about 18.4% of the total shareholders’ voting rights. This participation results in a buyback amount of EUR 37 million for Vereniging Aegon, with the number of shares determined based on the daily volume-weighted average price per common share on Euronext Amsterdam.

The company will engage a third party to execute the buyback transactions on its behalf. 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 program will be executed in compliance with the EU’s Market Abuse Regulation and within the limitations of the existing authority granted by shareholders at the annual general meeting held on June 10, 2026.

Prior share buyback completed

Aegon also announced the completion of a EUR 227 million share buyback program that began on January 12, 2026. The program concluded effective June 30, 2026. During this period, Aegon repurchased 33,909,553 common shares for a total amount of EUR 227 million at an average price of EUR 6.68 per share.

Utilization of repurchased shares

Aegon will use 4,033,295 common shares, equal to a share buyback amount of EUR 27 million, to meet obligations resulting from share-based compensation plans for senior management. The remainder of the repurchased shares will be cancelled in the second half of 2026.

Aegon has announced it will relocate its head office and legal seat to the United States, selecting New York City as the location for its future corporate headquarters. The new office is expected to open in mid-2027 and will house selected corporate functions and members of the leadership team. This move marks a significant step in Aegon's transformation to become a US-based company, reinforcing its ambition to be a leading force in the US life insurance and retirement industry.

To support this transition, Aegon has strengthened its leadership team. Will Fuller has been appointed President and Chief Operating Officer (COO), effective January 1, 2027. Mr. Fuller will be responsible for the day-to-day management of Transamerica, Aegon's International businesses, and Aegon Asset Management. He will report to Aegon CEO Lard Friese, who will retain full responsibility for the group's strategy, overall performance, and leadership.

In connection with the planned move, Mr. Friese will relocate to the United States at the beginning of 2027. These organizational changes are intended to sharpen execution and accelerate performance improvement while providing the leadership focus needed to redomicile the Group to the United States.

Mr. Fuller joined Aegon in March 2021 as President and Chief Executive Officer of Transamerica. Prior to that, he held senior leadership roles at Lincoln Financial Group and Merrill Lynch, where he was responsible for Global Wealth Management with international responsibility for asset management and insurance solutions. His appointment is expected to support the disciplined execution of Aegon's strategy during the relocation process.

Aegon's portfolio includes fully owned businesses in the United States and United Kingdom, and a global asset manager. The company is currently headquartered in Schiphol, the Netherlands, and is listed on Euronext Amsterdam and the New York Stock Exchange.