In a presentation of the company’s half-year results, Friese reportedly said the company is also considering moving its legal seat from Bermuda to the U.S., which he said is a business move tied to the company’s transformation rather than a response to tax policy. (Credit: Piotr Swat/ Shutterstock)
Insurance company Aegon is considering a move that would bring its headquarters to the United States from the Netherlands. This comes just two years after the company transferred its legal domicile to Bermuda while maintaining its headquarters in the Netherlands.
Earlier in 2025, Aegon moved its headquarters from The Hague to near Schipol while maintaining its legal seat in Bermuda. These decisions meant the insurer was no longer under the supervision of De Nederlansche Bank, though CEO Lard Friese pledged at the time that the insurer would remain headquartered in the Netherlands and the company would continue to pay taxes there.
Around 250 people are currently employed at the Dutch headquarters, with another 350 working there for Aegon’s global asset management arm. In the U.S., Aegon is perhaps best known for its TransAmerica subsidiary, which is based in Baltimore, and Aegon Asset Management, which is based in Chicago.
In a presentation of the company’s half-year results, Friese reportedly said the company is also considering moving its legal seat from Bermuda to the U.S., which he explained is a business move tied to the company’s transformation rather than a response to tax policy.
“Over the past years, Aegon’s U.S. operations — which make up approximately 70 percent of Aegon’s activities — have become the company’s most important market and are central to its strategy and long-term growth,” Friese reportedly said during the presentation of half-year results. “A move of Aegon’s statutory seat and headquarters to the United States is expected to simplify Aegon’s business structure.”
Aegon also announced that it had implemented an increase in its share buyback program, which doubled from EUR 200 million to EUR 400 million as of August 25. Aegon reports that, to date, share repurchases for an aggregate purchase price of EUR 87 million have been completed, which represents around 43% completion of the initial EUR 200 million program. They expect the increased share buyback will be completed by December 15, 2025.
A final decision on the move is expected in December.
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