Aegon Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	977	688	-179	-570	1,651
Depreciation & Amortization	-202	-64	-184	141	51
Other Amortization	35	33	21	28	1,116
Gain (Loss) on Sale of Assets	-8	-8	46	20	125
Gain (Loss) on Sale of Investments	-26,920	-19,694	-22,307	50,014	-23,891
Change in Insurance Reserves / Liabilities	13,774	12,760	9,742	-14,142	11,720
Change in Other Net Operating Assets	-61	-657	883	-1,749	-1,551
Other Operating Activities	13,403	8,192	13,039	-29,942	8,558
Operating Cash Flow	434	762	864	2,672	-1,796
Operating Cash Flow Growth	-43.05%	-11.81%	-67.66%	-	-
Capital Expenditures	-41	-51	-65	-72	-76
Sale of Property, Plant & Equipment	5	20	46	9	2
Purchase / Sale of Intangible Assets	-13	-15	-48	-26	-36
Cash Acquisitions	-13	-41	-34	-29	-
Investment in Securities	1,074	369	69	249	-2
Other Investing Activities	-	-1	-	-2	-1
Investing Cash Flow	1,010	300	-1,996	733	-54
Long-Term Debt Issued	946	700	2,670	3,569	3,914
Total Debt Repaid	-1,740	-946	-4,269	-4,135	-3,059
Net Debt Issued (Repaid)	-794	-246	-1,599	-566	855
Repurchases of Common Stock	-549	-925	-1,072	-1,026	-443
Common Dividends Paid	-663	-589	-559	-215	-173
Other Financing Activities	-29	5	-11	-27	61
Financing Cash Flow	-2,035	-1,755	-3,241	-1,834	300
Foreign Exchange Rate Adjustments	-144	88	-38	55	67
Miscellaneous Cash Flow Adjustments	-1	-	-1	-1	-
Net Cash Flow	-736	-605	-4,412	1,625	-1,483
Free Cash Flow	393	711	799	2,600	-1,872
Free Cash Flow Growth	-44.73%	-11.01%	-69.27%	-	-
Free Cash Flow Margin	3.22%	5.53%	6.18%	18.20%	-4.03%
Free Cash Flow Per Share	0.25	0.43	0.42	1.28	-0.91
Cash Interest Paid	330	405	516	247	296
Cash Income Tax Paid	-76	80	321	38	-21
Levered Free Cash Flow	-204.5	-2,412	6,111	-19,256	4,776
Unlevered Free Cash Flow	6.13	-2,162	6,393	-19,075	4,929
Change in Working Capital	13,713	12,103	10,625	-15,891	10,169

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.