Aegon Ltd (AEG)

AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. SubsidiariesFebruary 13, 2026 9:24 AM
Business Wire
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) both referred to as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratings) is stable.


The ratings reflect Aegon USA’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.


AM Best expects Aegon USA to maintain its very strong balance sheet strength assessment in the near term, with strong to very strong levels of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Aegon USA has additional access to liquidity as a member of the Federal Home Loan Bank, which together with its access to capital markets provides substantial financial flexibility and borrowing capacity. While the asset allocation within Aegon USA’s investment portfolio is typical for the U.S. life insurance industry, there is some continued exposure to higher risk assets, as allocations have continued to decline in recent years. Aegon USA retains some interest rate sensitivity risk on the balance sheet and has significant usage of reinsurance to manage its liabilities.


Aegon USA’s pretax operating earnings have been positive over the longer term with double-digit returns on equity and diversified earnings across different product lines. Aegon USA’s overall top-line premiums increased in 2024, and remained level through the first three quarters of 2025.


Aegon USA’s overall business profile remains favorable. Aegon Ltd. announced plans to relocate its head office and legal seat to the United States, a transition it aims to complete by 2028. Following the completion of the re-domiciliation process, Aegon Ltd., will be renamed Transamerica Inc., and plans to prioritize resources toward building a leading U.S. life insurance and retirement company. Aegon USA has had a long-term strategy toward building a less capital-intensive book of business, driven by targeted growth and strategic exits and buyouts in certain lines, as well as competitive market positions across an array of product lines. The company’s diverse lines of traditional life, indexed universal life, variable annuities (VA) without interest-sensitive living and death benefit riders, mutual funds, retirement plans and accident and health insurance contribute to operating earnings. AM Best continues to view the group’s VAs with living benefit riders as displaying some of the highest risk characteristics, though Aegon USA has taken actions to manage and mitigate these risks through increased hedging, as well as closing this product line for new business.


This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.


AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.


Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Louis Silvers

Senior Financial Analyst

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louis.silvers@ambest.com


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Christopher Sharkey

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Al Slavin

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Original: AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

About 6 months ago.

Hopefully you sold

Loaded calls.

This will creep up nicely.

$AEG

Is it possible Aegon will be taken over by NN ?

Nationale Nederland makes €2.4bn bid to take over Delta Lloyd.

Delta Lloyd rejects NN takeover bid as opportunistic and undervalued.

Will Aegon be the next canditate now ?

chrisaetos777, I was right. If you recall I made the following statement on May 5, 2014.

AEG) seems to be in a horizontal channel with a possible symmetrical triangle beginning to form. I believe the day you bought into your position is when the PPS was that the height of the top line channel. Short term, the PPS seems that it could fall down to the $8.70 range.

It would be difficult to speculate of where the current PPS of Aegon N.V (AEG) will be heading. There are many different factors of which could impact the direction. There is support at the $8.50 range which (AEG) bounced off of on May 15, 2014. There is actually a second support right below the $8.50 range which has not yet been tested. There is resistance at the $8.75 range. Not to mention the current volatile market. It seems that (AEG)'s trend is very sensitive to the market's volatility. Should the market dip further on May 16, 2014 then these supports could broken. (AEG) signaled a bullish candlestick pattern on May 15, 2014. Confirmation on this pattern awaits. Like I said, many different factors. Tomorrow will be an interesting day for (AEG).

www.nasdaq.com/symbol/aeg/guru-analysis
http://www.nasdaq.com/symbol/aeg/guru-analysis/graham#anchor2

Seems like (AEG) isn't much of an attractive stock for any guru.

i am still researching,

Have you found any new research since your last post?

http://www.nasdaq.com/symbol/aeg/guru-analysis

http://www.nasdaq.com/symbol/aeg/guru-analysis/graham#anchor2


i am still researching,

chrisaetos777, you're welcome. Dividends could be a reason why they're holding. Though I was talking specifically about the possible short-term direction of PPS.

Thought I am getting contradicting facts as of the BV, and the PPS.

I have never seen two sources with the same BVPS on the same stock. Though the source's BVPS are often very close to another. One site I see shows a BVPS of $16.53 for Aegon N.V. (AEG). Though the broker I use shows a BVPS of $16.58. I wouldn't fret over a $0.05 difference in BVPS's. If I had to go with one, I would go with the broker I use because I simply trust their information more so than other sources.

However; what do you mean by "contradicting facts of the PPS" exactly? There should not be one source that has a different PPS for (AEG) or any other stock for that matter. Though be sure to check how often that source provides updates to the PPS. Some sources have a time delay anywhere from 5 minutes to 20 or 25 minutes. There are a few sources who provide real-time PPS updates, your broker should be one of them. If your looking at the PPS during after hours, you'll still have this problem. Once again, your broker should provide real time after hours PPS updates.

Hope I answered your question correctly.

Thanks for taking the time to respond.

To be honest I am not really watching it much.

Overall I am ok, with what I have seen,

I will hold.

Not mach buying or selling, compare to the float.

People are holding this stock. It must be due to dividends.

Thought I am getting contradicting facts as of the BV, and the PPS.

Do you have the actual numbers.

It may be a jem after all.

chrisaetos777, interesting. I have not made a mistake such as that, though I have heard of others doing so. I'm unsure of what I would do if I was in that particular scenario. I would most likely keep stops tight and look deeper into the fundamentals, but specifically the charts.

thought, spikes like this do not happen by accident.

Wrong, spikes like today or the day when you bought into your position are frequent when looking at (AEG). Look at the Beta, it's at 2.15. That means that the (AEG) is 115% more volatile than the market. To give you an idea, (AEG) currently ranks 365 out of 6,747 based on volatility when using a screener. So it's safe to say that price movements both up and down are common here, not to mention the gaps.

(AEG) seems to be in a horizontal channel with a possible symmetrical triangle beginning to form. I believe the day you bought into your position is when the PPS was that the height of the top line channel. Short term, the PPS seems that it could fall down to the $8.70 range.

Its funny,

I bought into it today by mistake.

But is my experience that happy accidents do happen.

I had no time to do any research yet, will do some latter,

thought, spikes like this do not happen by accident.

so I will hold.

chrisaetos777, it seems so! We either have an eye for a gem or a lump of coal. I was surprised to find that a board hadn't been created for Aegon N.V. (AEG). I was trying to remember why (AEG) stuck out to me. Looking at the fundamentals, it dawned on me that (AEG) is significantly undervalued based on Book Value Per Share (BVPS). I believe if I were to invest in the Life Insurance industry I would most likely invest in Lincoln Financial Corp. (LNC). I believe both could be good investments although (AEG) might need more due diligence. It's interesting to note that the Financial sector is the only undervalued sector based on BVPS. Even further, the Life Insurance industry is also undervalued based on BVPS.

wow, just the two of us. lol

3 Major Insurance Picks for Value and Recovery Investors

Link: http://www.fool.com/investing/general/2014/04/25/3-major-insurance-picks-for-value-and-recovery-inv.aspx

New board.