Aegon Slumps as Move to US Ushers in ‘Transition Period’

Aegon Ltd.’s shares dropped after it outlined financial targets that underwhelmed investors, overshadowing a confirmation it will move its headquarters to the US over the next two years.

The company will buy back €400 million ($466 million) of its own shares next year, it said in a statement on Wednesday, released ahead of its capital markets day. Operating profit is expected to rise by about 5% annually between 2025 and 2027 with dividends increasing “in excess of 5% per annum.”