Aegon (AEG) Balance Sheet: Assets & Liabilities

Aegon (AEG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Aegon reported total assets of EUR 317.10B and total liabilities of EUR 309.48B. Shareholders' equity was EUR 7.53B, down 18.0% from EUR 9.19B a year earlier. Total debt stood at EUR 5.60B against EUR 3.19B in cash and short-term investments, a net debt position of EUR 2.42B. That puts debt-to-equity at 0.74, compared with 0.52 a year earlier.

Aegon Balance Sheet Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for Aegon Ltd. (AEG) - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	3.19	3.47	4.07	3.40	6.86	8.37	12.25	8.74	10.77
Short-Term Investments	0.00	54.72	0.00	60.91	101.37	100.63	91.21	86.25	90.51
Cash & Short-Term Investments	3.19	58.18	4.07	64.31	6.86	109.00	103.46	95.00	101.28
Accounts Receivable	17.60	3.83	3.57	7.86	5.62	6.83	6.66	6.02	0.00
Inventory	0.00	0.00	0.00	-107.65	-18.79	0.00	-25.69	-22.51	-19.35
Other Current Assets	0.00	-31.69	0.00	108.67	18.79	0.00	25.69	0.00	0.00
Total Current Assets	20.79	30.33	7.64	73.19	113.88	115.83	110.12	101.01	109.37
Non-Current Assets
Property, Plant & Equipment (Net)	0.28	0.40	0.41	0.48	0.20	0.21	0.26	0.24	0.53
Long-Term Investments	289.76	4.63	186.91	255.85	3.00	158.50	148.67	138.00	149.86
Goodwill	0.31	0.35	0.29	0.32	0.39	0.38	0.39	0.39	0.29
Intangible Assets	0.21	0.23	0.50	0.42	0.94	1.01	1.17	1.34	1.34
Other Non-Current Assets	3.85	28.59	77.18	-169.40	-0.13	-0.10	-0.19	-0.36	-0.08
Total Non-Current Assets	296.31	327.39	264.74	89.68	163.77	160.10	150.48	139.73	152.02
Total Assets	317.10	327.39	301.58	380.49	459.56	443.81	440.35	392.63	396.29
Current Liabilities
Accounts Payable	0.00	1.32	2.11	1.14	3.08	2.75	3.26	2.87	4.58
Short-Term Debt	0.04	0.04	0.03	1.15	0.00	0.07	0.06	0.08	0.00
Current Portion of Long-Term Debt	-	0.04	0.03	1.15	0.82	0.95	-	-	-
Accrued Liabilities	0.30	0.33	0.33	0.37	0.54	0.96	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.00
Other Current Liabilities	-0.04	8.08	7.06	0.97	-0.16	-0.12	-0.13	-3.06	-0.05
Total Current Liabilities	0.00	7.32	9.20	2.17	3.08	2.82	3.31	2.95	4.65
Non-Current Liabilities
Long-Term Debt	5.56	4.74	4.68	5.31	11.98	11.00	11.96	13.58	14.53
Deferred Tax Liabilities	0.01	0.06	0.06	0.00	0.01	1.42	1.23	0.54	1.03
Other Non-Current Liabilities	303.90	313.34	280.02	364.24	118.88	0.00	0.00	-13.60	-14.53
Total Non-Current Liabilities	309.48	318.08	284.93	2.17	13.80	12.44	13.20	14.13	15.57
Total Liabilities	309.48	318.08	292.03	369.78	445.98	419.15	415.91	370.07	371.91
Stockholders' Equity
Common Stock	0.23	0.24	0.27	0.32	11.02	0.32	0.32	0.32	20.57
Retained Earnings	4.23	4.35	5.10	7.77	12.17	10.33	10.67	10.00	9.70
Accumulated Other Comprehensive Income	-3.33	-3.83	-2.45	-3.52	4.57	4.39	3.93	1.76	2.86
Treasury Stock	0.45	0.40	0.35	0.67	0.27	-	-	-	-
Additional Paid-in Capital	6.40	6.85	6.58	6.19	7.03	9.55	9.50	7.18	7.71
Minority Interest	0.08	0.13	0.13	0.18	0.20	0.08	0.02	0.02	0.02
Shares Outstanding	1.51	1.59	1.75	1.98	2.05	-	-	-	-
Total Stockholders' Equity	7.53	9.19	9.56	10.93	13.38	24.59	24.42	22.55	24.37
Total Liabilities & Equity	317.10	327.39	301.58	401.79	459.56	443.81	440.35	392.63	396.29

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Aegon Balance Sheet

How much debt does Aegon have?

Aegon had total debt of EUR 5.60B as of Dec 31, 2025, against EUR 3.19B in cash and short-term investments. Its debt-to-equity ratio was 0.74. Total debt was EUR 4.78B a year earlier.

What are Aegon's total assets?

Aegon reported total assets of EUR 317.10B as of Dec 31, 2025, down 3.1% from EUR 327.39B a year earlier. Total liabilities were EUR 309.48B.

What is Aegon's shareholders' equity?

Aegon's shareholders' equity was EUR 7.53B as of Dec 31, 2025, or about EUR 4.98 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition