Aegon Ltd.

DB:J06 Stock Report

Market Cap: €11.1b

Aegon Management

Management criteria checks 4/4

Aegon's CEO is E. Friese, appointed in May 2020, has a tenure of 6.08 years. total yearly compensation is €3.54M, comprised of 38.5% salary and 61.5% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth €4.48M. The average tenure of the management team and the board of directors is 5.3 years and 5 years respectively.

Key information

E. Friese

Chief executive officer

€3.5m

Total compensation

CEO salary percentage38.54%
CEO tenure6.1yrs
CEO ownership0.04%
Management average tenure5.3yrs
Board average tenure5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has E. Friese's remuneration changed compared to Aegon's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€4m€1m

€924m

Sep 30 2025n/an/a

€1b

Jun 30 2025n/an/a

€1b

Mar 31 2025n/an/a

€939m

Dec 31 2024€3m€1m

€611m

Sep 30 2024n/an/a

€227m

Jun 30 2024n/an/a

-€158m

Mar 31 2024n/an/a

-€184m

Dec 31 2023€4m€2m

-€210m

Sep 30 2023n/an/a

€201m

Jun 30 2023n/an/a

€31m

Mar 31 2023n/an/a

€56m

Dec 31 2022€4m€2m

€690m

Sep 30 2022n/an/a

€172m

Jun 30 2022n/an/a

€295m

Mar 31 2022n/an/a

€1b

Dec 31 2021€4m€1m

€980m

Sep 30 2021n/an/a

€1b

Jun 30 2021n/an/a

€1b

Mar 31 2021n/an/a

-€879m

Dec 31 2020€2m€931k

-€670m

Compensation vs Market: E.'s total compensation ($USD4.13M) is about average for companies of similar size in the German market ($USD5.59M).

Compensation vs Earnings: E.'s compensation has been consistent with company performance over the past year.


CEO

E. Friese (64 yo)

6.1yrs
Tenure
€3,542,000
Compensation

Mr. E. Lard Friese is Non-Independent Member of Supervisory Board of Aegon NV. Mr. Friese serves as Director of Transamerica Corporation. He serves as Director at The Geneva Association since June 2022.He...


Leadership Team

NamePositionTenureCompensationOwnership
E. Friese
CEO, Chairman of Management Board & Executive Director6.1yrs€3.54m0.041%
€ 4.5m
Duncan Russell
CFO & Member of Management Board5.8yrsno data0.031%
€ 3.4m
Marco Baptist Keim
CEO of Aegon International & Member of the Management Board18yrsno datano data
J. van Klinken
General Counsel12.4yrsno datano data
Michael Holliday-Williams
CEO of Aegon UK & Member of Management Board6.3yrsno datano data
Wilford Fuller
Member of the Management Board & CEO of Aegon Americas5.3yrsno data0.14%
€ 15.3m
Deborah Waters
CTO & Member of the Management Board4.3yrsno datano data
Astrid Jakel
Chief Risk Officer & Member of the Management Board4.3yrsno datano data
Shawn C. Johnson
Global CEO of Aegon Asset Management & Member of Executive Committee1.8yrsno datano data
Michele A. Bareggi
Chief Strategy1.6yrsno datano data
Holly Waters
Chief Human Resources Officer & Member of Management Boardless than a yearno datano data
Bradley Dawson
Global Head of Marketing of Aegon Asset Managementno datano datano data
5.3yrs
Average Tenure
56yo
Average Age

Experienced Management: J06's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
E. Friese
CEO, Chairman of Management Board & Executive Directorno data€3.54m0.041%
€ 4.5m
David Herzog
Independent Chairman of the Board1yr€109.00k0.0016%
€ 180.3k
Albert Benchimol
Independent Non-Executive Director2yrs€153.00k0.0010%
€ 115.0k
Thomas Wellauer
Independent Director6.1yrs€172.00k0.00074%
€ 81.8k
Mark Ellman
Independent Director9.1yrs€160.00k0.0010%
€ 115.0k
Lori Fouche
Independent Director1yr€75.00k0.00059%
€ 65.3k
John McGarry
Independent Director5yrs€170.00k0.0010%
€ 115.0k
Jay Ralph
Independent Director1yr€75.00k0.00059%
€ 65.3k
Karen Fawcett
Independent Director4.1yrs€155.00k0.00058%
€ 64.1k
Francis Blom
Board Observer5.7yrsno datano data
Corien Kool Wortmann
Independent Vice Chairman12.1yrs€160.00k0.00089%
€ 98.4k
Caroline Ramsay
Independent Director6.1yrs€192.00k0.00071%
€ 78.5k
5.0yrs
Average Tenure
67yo
Average Age

Experienced Board: J06's board of directors are considered experienced (5 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 14:57
End of Day Share Price 2026/05/29 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aegon Ltd. is covered by 29 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Claudia GaspariBarclays
Michael HuttnerBerenberg
Edward HoughtonBernstein