Aegon has published its Integrated Annual Report 2023, which includes all of our 2023 financial and non-financial results, as well as a detailed overview of the company and its various businesses, including our purpose and strategy.
The report acknowledges the accomplishment of several major milestones during 2023. These include the completion of the combination of Aegon’s Dutch businesses with a.s.r., and the beginning of the associated EUR 1.5 billion share buyback; the company’s redomiciliation to Bermuda; Aegon’s Capital Markets Day in June, where we laid out our plans for the next three years; and the steps we took throughout the year to strengthen several of our joint ventures.
The report also mentions several other highlights for Aegon in 2023. The company met all of its financial ambitions for 2023, while also making progress on its non-financial ambitions. This included reducing the carbon intensity of parts of the firm’s general account investment portfolio. Aegon also exceeded its target (25%) for reducing its operational carbon emissions, achieving a 68% reduction in 2023 compared with 2019. As part of its ambition to foster a more inclusive culture, the company met its 2023 target (38%) for women in senior positions.
Looking back at 2023, Aegon CEO, Lard Friese, said: “2023 was an important year in which we took great steps forward as a company, and there will be more to come in 2024 as our transformation continues. I am confident that Aegon now has a robust corporate structure that will enable us to build market-leading businesses. We also have the financial flexibility to invest where we see opportunities for growth. Together with the talent we have across all our businesses, this means that we can remain fully focused on delivering value to all our customers, shareholders, and other stakeholders during 2024.”