Aegon Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	688	-179	-570	1,651
Depreciation & Amortization	-64	-192	141	51
Other Amortization	33	29	28	1,116
Gain (Loss) on Sale of Assets	-12	61	20	125
Gain (Loss) on Sale of Investments	-19,687	-22,322	50,014	-23,891
Change in Insurance Reserves / Liabilities	12,760	9,742	-14,142	11,720
Change in Other Net Operating Assets	-657	883	-1,749	-1,551
Other Operating Activities	8,189	13,039	-29,942	8,558
Operating Cash Flow	762	864	2,672	-1,796
Operating Cash Flow Growth	-11.81%	-67.66%	-	-
Capital Expenditures	-51	-65	-72	-76
Sale of Property, Plant & Equipment	20	46	9	2
Purchase / Sale of Intangible Assets	-15	-48	-26	-36
Cash Acquisitions	-41	-34	-29	-
Investment in Securities	369	69	249	-2
Other Investing Activities	-1	-	-2	-1
Investing Cash Flow	300	-1,996	733	-54
Long-Term Debt Issued	700	2,670	3,569	3,914
Total Debt Repaid	-946	-4,269	-4,135	-3,059
Net Debt Issued (Repaid)	-246	-1,599	-566	855
Repurchases of Common Stock	-925	-1,072	-1,026	-443
Common Dividends Paid	-589	-559	-215	-173
Other Financing Activities	5	-11	-27	61
Financing Cash Flow	-1,755	-3,241	-1,834	300
Foreign Exchange Rate Adjustments	88	-38	55	67
Miscellaneous Cash Flow Adjustments	-	-1	-1	-
Net Cash Flow	-605	-4,412	1,625	-1,483
Free Cash Flow	711	799	2,600	-1,872
Free Cash Flow Growth	-11.01%	-69.27%	-	-
Free Cash Flow Margin	5.54%	6.16%	18.20%	-4.03%
Free Cash Flow Per Share	0.43	0.42	1.28	-0.91
Cash Interest Paid	405	516	247	296
Cash Income Tax Paid	80	321	38	-21
Levered Free Cash Flow	-35.5	6,139	-19,256	4,776
Unlevered Free Cash Flow	213.88	6,422	-19,075	4,929
Change in Working Capital	12,103	10,625	-15,891	10,169

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.