v3.26.1
Consolidated cash flow statement of Aegon Ltd. - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement [LineItems]      
Result before tax from continuing operations € 1,045 € 660 € (391)
Result before tax from discontinued operations 0 0 458
Impairment loss on measurement of disposal group 0 0 (413)
Result before tax from continuing and discontinued operations 1,045 660 (346)
Results from financial transactions (26,228) (20,665) (20,540)
Amortization and depreciation (167) (31) (163)
Impairment losses 69 237 116
Results from (re)insurance contracts and investment contracts with discretionary participation features 19,152 15,519 17,673
Income from joint ventures (303) (238) (200)
Income from associates (200) (345) (118)
Release of cash flow hedging reserve (127) (124) (130)
Other 187 445 892
Adjustments of non-cash items (7,618) (5,201) (2,469)
Investment contracts without discretionary participation features 13,774 12,760 9,742
Accrued expenses and other liabilities 95 (586) (442)
Accrued income and prepayments (156) (71) 1,325
Changes in accruals 13,713 12,102 10,626
Insurance contracts (11,333) (11,904) (11,770)
Investment contracts with discretionary participation features (2,744) (2,525) (2,030)
Reinsurance contracts held (1,681) 1,869 923
Purchase of investments (other than money market investments) (65,066) (48,545) (43,445)
Purchase of derivatives 46 (64) (1,011)
Disposal of investments (other than money market investments) 74,296 52,606 52,576
Disposal of derivatives (188) (107) (1,612)
Net change in cash collateral (8) (1,282) 1,592
Net purchase of money market investments (94) 3,244 (1,853)
Cash flow movements on operating items not reflected in income (6,771) (6,708) (6,631)
Tax (paid)/ received 76 (80) (321)
Other (10) (12) 4
Net cash flows from operating activities 434 762 864
Purchase of intangible assets (other than future servicing rights) (13) (15) (51)
Purchase of equipment and real estate for own use (41) (51) (65)
Acquisition of subsidiaries, net of cash (13) (41) (34)
Acquisition/capital contributions joint ventures and associates (82) (8) (253)
Disposal of intangible asset 0 0 3
Disposal of equipment 5 20 46
Disposal of subsidiaries and businesses, net of cash (2) 19 (1,964)
Disposal joint ventures and associates 756 37 12
Dividend received from joint ventures and associates 400 340 310
Other 0 (1) 0
Net cash flows from investing activities 1,010 300 (1,996)
Purchase of treasury shares (549) (925) (1,072)
Proceeds from TRUPS, Subordinated borrowings and borrowings 946 700 2,670
Repayment of TRUPS 1, subordinated loans and borrowings (1,707) (909) (4,230)
Dividends paid (596) (521) (494)
Coupons on perpetual securities (67) (68) (65)
Payment of lease liabilities (33) (37) (39)
Change in ownership non-controlling interests (30) 2 (11)
Other 1 3 0
Net cash flows from financing activities (2,035) (1,755) (3,241)
Net increase / (decrease) in cash and cash equivalents (591) (694) (4,373)
Net cash and cash equivalents at the beginning of the year 3,469 4,074 8,486
Effects of changes in exchange rate (144) 88 (38)
Net cash and cash equivalents at the end of the year € 2,733 € 3,469 € 4,074