- CNO Financial's Dividend Gets a Raise: Does the Yield Still Look Shy?
May 8, 2026
Insurer CNO Financial Group, Inc. CNO recently announced a 5.9% increase in its quarterly cash dividend to 18 cents per share from 17 cents paid out earlier. The increased amount will be paid out on June 24, 2026, to its shareholders on record as of June 10, 2025. However, based on the closing price of $45.90 per share on May 7, the stock has a dividend yield of 1.57%, lower than the industry average of 2.52%. This leaves more room for future dividend growth.
This move signals the 14th annual dividend hike by the company. If we look back at the last reported quarter, CNOpaid out dividends worth $17.1 million. Furthermore, it bought back 1.4 million shares for $60 million in the first quarter. It had around $360.4 million left from the current buyback program as of March 31, 2026.
Now, let’s check its financial position, which enables it to take shareholder-friendly moves.
Its operating cash flow increased 17.7% in 2023, 7.7% in 2024, 7.6% in 2025 and 8.9% in the first quarter of 2026. CNO Financial exited the first quarter with unrestricted cash and cash equivalents of $1.1 billion, which rose 18.1% from the 2025-end level.
However, the debt burden keeps increasing. At first quarter-end, long-term debt reached above $4 billion from $3.8 billion at 2025-end. Its debt-to-capital was 34.8% at the first-quarter end, which deteriorated 120 basis points from the 2025-end figure.
Nevertheless, given its continued sales momentum, focus on the middle-income market and growing insurance product margin, its financial strength is likely to improve in the future.
Shares of the company have jumped 8% so far this year, outperforming the industry average of 3.9% decline.Zacks Investment Research
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
CNO currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader insurance space are Hamilton Insurance Group, Ltd. HG, Aegon Ltd. AEG and Radian Group Inc. RDN, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Hamilton Insurance’s current-year earnings of $3.46 per share increased by 4 cents over the past 60 days. HG beat earnings estimates in each of the trailing four quarters, with the average surprise being 84.8%. The consensus estimate for current-year revenues is pegged at $2.8 billion.
The consensus estimate for Aegon’s current-year earnings is pegged at 28 cents, which remained stable over the past week. The consensus mark for AEG’s current-year revenues of $22.4 billion implies a 110.5% year-over-year surge.
Story Continues
The consensus estimate for Radian Group’s current-year earnings is pegged at $4.79 per share, which indicates 7.6% year-over-year growth. It beat earnings estimates in each of the trailing four quarters, with the average surprise being 10.7%. The consensus estimate for RDN’s current-year revenues is pegged at $1.2 billion.
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This article originally published on Zacks Investment Research (zacks.com).
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- Aegon announces final results of tender offers for five series of subordinated notes in EUR 380 million notional
May 8, 2026
Aegon Ltd.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
Schiphol, May 8, 2026 - Aegon (the Offeror) announces today the results of its invitation to holders of its EUR 950,000,000 Perpetual Capital Securities, ISIN: NL0000116150 (the 2004 EUR Notes), USD 500,000,000 Perpetual Capital Securities, ISIN: NL0000116168 (the 2004 USD Notes), NLG 250,000,000 Perpetual Cumulative Subordinated Bonds 1995, ISIN: NL0000120004 (the 1995 NLG Notes), NLG 300,000,000 Perpetual Cumulative Subordinated Bonds 1996, ISIN: NL0000121416 (the October 1996 NLG Notes) and NLG 450,000,000 Perpetual Cumulative Subordinated Bonds 1996, ISIN: NL0000120889 (the February 1996 NLG Notes and, together with the 2004 EUR Notes, the 2004 USD Notes, the 1995 NLG Notes, the October 1996 NLG Notes, the Notes and each a Series) to tender their Notes for purchase by the Offeror for cash (each such invitation an Offer and, together, the Offers).
The Offers were announced on April 28, 2026, and were made on the terms and subject to the conditions contained in the tender offer memorandum dated April 28, 2026 (the Tender Offer Memorandum) prepared by the Offeror. Capitalized terms used in this announcement but not defined have the meanings to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offers was 17:00 (CEST) on May 7, 2026. As at the Expiration Deadline, the Offeror had received valid tenders for purchase pursuant to the Offer in respect of the (i) 2004 EUR Notes of EUR 106,887,200 in aggregate nominal amount of the 2004 EUR Notes, (ii) 2004 USD Notes of USD 136,318,500 in aggregate nominal amount of the 2004 USD Notes, (iii) 1995 NLG Notes of EUR 56,845,048 in aggregate nominal amount of the 1995 NLG Notes, (iv) October 1996 NLG Notes of EUR 37,495,859 in aggregate nominal amount of the October 1996 NLG Notes, and (v) February 1996 NLG Notes of EUR 62,592,174 in aggregate nominal amount of the February 1996 NLG Notes.
The Offeror announces that it has decided to accept all of the 2004 EUR Notes, 2004 USD Notes, 1995 NLG Notes, October 1996 NLG Notes, and February 1996 NLG Notes validly tendered for purchase pursuant to the Offers without pro rata scaling. This is equivalent to a total notional amount accepted of EUR 379,584,792 or USD 446,980,072 (equivalent) (being the Final Acceptance Amount) for an aggregate cash amount of EUR 308,241,572 or USD 362,969,863 (equivalent)1.
Story Continues
A summary of the final results of the Offers in relation to each Series appears below:
Description of the Notes ISIN / Common Code Series Acceptance Amount Purchase Price Outstanding Principal amount post settlement EUR 950,000,000 Perpetual Capital Securities NL0000116150 / 019600882 EUR 106,887,200 80.25
per cent. EUR 413,918,500 USD 500,000,000 Perpetual Capital Securities NL0000116168 / 019600971 USD 136,318,500 78.75
per cent. USD 363,681,500 NLG 250,000,000 Perpetual Cumulative Subordinated Bonds 1995 NL0000120004 / 5760640 NLG 125,270,000 89.625
per cent. NLG 124,730,000 NLG 300,000,000 Perpetual Cumulative Subordinated Bonds 1996 NL0000121416 / 6952704 NLG 82,630,000 81.50
per cent. NLG 217,370,000 NLG 450,000,000 Perpetual Cumulative Subordinated Bonds 1996 NL0000120889 / 6352081 NLG 137,935,000 75.00
per cent. NLG 312,065,000
It is currently anticipated that the transaction will result in a 2 percentage point decrease in the Group solvency ratio, compared with the estimated ratio of 184% as of December 31, 2025. The transaction is expected to result in an IFRS book gain in the first half of 2026 of approximately EUR 0.1 billion.
The Offeror will not be making any further announcements in respect of the Offers. The Settlement Date in respect of the Notes accepted for purchase is expected to be May 11, 2026.
Morgan Stanley Europe SE is acting as Dealer Manager for the Offers and Kroll Issuer Services Limited is acting as Tender Agent.
DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions.
OFFER AND DISTRIBUTION RESTRICTIONS
The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or a solicitation of an offer to sell the Notes (and tenders of Notes in the Offers will not be accepted from Noteholders) in any circumstances in which such offer or solicitation is unlawful.
Contacts
Media relations Investor relations Carolien van der Giessen Yves Cormier +31 611 953 367 +44 782 337 1511 carolien.vandergiessen@aegon.com yves.cormier@aegon.com
About Aegon
Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.
Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, focus, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:
Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and, in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands. Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets. Changes in the performance of financial markets, including emerging markets, such as:
The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios. The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds. The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds. The impact from volatility in credit, equity, and interest rates. Changes in the performance of Aegon’s investment portfolio and a decline in the ratings of Aegon’s counterparties. The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates. The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition. The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries. The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends. Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda. Changes affecting interest rate levels and low or rapidly changing interest rate levels. Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates. The effects of global inflation, or inflation in the markets where Aegon operates. Changes in the availability of, and costs associated with, liquidity sources, such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness. Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands. Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business. The frequency and severity of insured loss events. Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives. Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results. Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations. Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations. Customer responsiveness to both new products and distribution channels. Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures. Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows. Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies. The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, there is no certainty or guarantee what the manner, timing, and potential impacts of the planned relocation of the company’s legal domicile and head office to the United States will be, and if such a relocation can be completed successfully. Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow. Changes in the policies of central banks and/or governments. Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business. Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products. The consequences of an actual or potential break-up of the European Monetary Union in whole or in part and the potential consequences of European Union countries leaving the European Union. Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property. Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates. Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon. Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels. Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, that may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management. Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws. Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.
This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
1 Based on a EUR/USD exchange rate of 1.17755 as of May 7, 2026
Attachment
20260508_PR_Aegon announces final results of tender offers for five series of subordinated notes in EUR 380 million notional
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- Aegon announces final results of tender offers for five series of subordinated notes in EUR 380 million notional
May 8, 2026 · globenewswire.com
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
- AEGON ANNOUNCES FINAL RESULTS OF TENDER OFFERS FOR FIVE SERIES OF SUBORDINATED NOTES IN EUR 380 MILLION NOTIONAL
May 8, 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
- A Look At Aegon (ENXTAM:AGN) Valuation After Recent Share Price Momentum
May 6, 2026
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE.
Why Aegon stock is drawing attention now
Aegon (ENXTAM:AGN) has recently drawn fresh interest after a solid run in its share price, with the stock up 2.6% over the past day and 3.4% over the past week.
See our latest analysis for Aegon.
That recent 12.39% 1 month share price return comes on top of a 7.92% year to date share price return and a 28.45% 1 year total shareholder return, suggesting momentum has been building over both shorter and longer periods.
If Aegon’s move has caught your eye, this can be a good moment to see what else is moving and scan for other opportunities through our 102 top founder-led companies
With Aegon trading around €7.16 and analysts’ price targets only slightly higher, while internal models imply a much larger intrinsic discount, you need to ask whether there is real value left here or whether the market is already pricing in future growth.
Most Popular Narrative: 3.3% Undervalued
The most followed narrative on Aegon sees fair value at about €7.40, only slightly above the last close of €7.16. This puts the focus firmly on the quality of the growth and capital return story behind that estimate.
Ongoing shift toward capital-light, fee-based businesses such as retirement plans, asset management, and alternative fixed income products is likely to increase the stability of revenues and improve margins, as these segments are less sensitive to interest rate volatility and adverse claims experience. Sustained investments in technology and distribution, effective hedging strategies to manage risk in legacy blocks, as well as product innovation (e.g., RILA products, partnerships in China and Brazil), position Aegon to capture opportunities from growing consumer interest in financial planning, digital solutions, and alternative investments, driving long-term earnings and margin expansion.
Read the complete narrative.
Curious what underpins that valuation gap when analysts expect shrinking revenues but higher margins and a lower future P/E multiple than today? The narrative connects these moving parts into one tight forecast for earnings, buybacks and dividends, but the key assumptions only become clear once you see the full set of projections.
Result: Fair Value of €7.40 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, there are still real pressure points, including execution risk around the U.S. redomiciliation and ongoing exposure to interest rate and currency swings that affect capital generation.
Story Continues
Find out about the key risks to this Aegon narrative.
Next Steps
With both risks on the table and rewards that investors are hopeful about, this is a moment to move quickly and test the story against the data yourself using our 4 key rewards and 2 important warning signs
Looking for more investment ideas?
If Aegon is on your radar, do not stop there. Broaden your watchlist now and give yourself more options before the next round of market moves.
Target higher potential upside by scanning screener containing 546 high quality undiscovered gems with strong fundamentals that many investors may be overlooking. Prioritise capital resilience by reviewing 308 resilient stocks with low risk scores that score well on stability so big surprises are less likely. Strengthen your income focus by checking out 492 dividend fortresses that combine higher yields with solid underlying businesses.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AGN.AS.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Companies Rush to Sell Bonds in Europe’s Market at Record Pace
May 6, 2026
(Bloomberg) -- Companies are selling new debt in Europe at the busiest pace ever on Wednesday, storming into the market after earnings to lock in funding while borrowing costs remain low.
Most Read from Bloomberg
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Sales include Airbus SE’s first bond in nearly six years, beer giant Carlsberg Breweries A/S with debut hybrid debt and pharmaceutical company Novartis AG with a three-part deal. Both investment-grade and junk-rated firms are joining the rush, and in total 17 borrowers are offering 24 tranches — each a record, according to data compiled by Bloomberg.
“Credit spreads remain near historic tights given the rate environment,” said James Cunniffe, HSBC Holdings Plc’s head of corporate and structured debt capital markets syndicate for Europe. “Investors are well positioned to take down anticipated supply, with May being one of the busiest months of the year.”
The flurry of sales during a traditionally active month comes on a day when global bonds are rallying and gauges of credit risk are sliding on optimism that the US and Iran are nearing a peace deal. The iTraxx Europe index of investment grade credit default swaps has fallen to the lowest since April 17, while the equivalent index for junk-rated firms is at a near two-month low.
By tapping a buoyant market after quarterly earnings, firms will be able to shore up balance sheets and lock in new debt to tackle maturities coming due.
Overall, including financial firms and sovereign players as well as companies, a total 34 borrowers are in the primary market with 43 tranches of new bonds on offer, also the most on record, the data compiled by Bloomberg shows.
Limited Window
Investor demand is strong enough to encourage a wide range of junk-rated issuers — including chemicals firm Ineos, housing company DomusVi and telecoms provider Telekom Srbija — to take part in the rush for deals.
Selling now avoids the risk that credit’s rally could potentially evaporate if the war drags on, given consumers would start to feel the fallout from higher prices and resurgent inflation may lead central banks to start hiking rates next month.
Borrowers are also taking advantage of a constrained window for sales this month, given public holidays in various countries across Europe. The UK was closed on Monday, while France will be shut on Friday and then Ascension Day on May 14 will also stop trading in some markets.
Story Continues
“People are just trying to get deals done in the gaps where there are no holidays,” said Marco Baldini, global head of investment-grade syndicate at Barclays Plc.
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©2026 Bloomberg L.P.
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- 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (May 2026)
May 2, 2026 · seekingalpha.com
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 4.74%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%.
- Aegon prices USD 500 million of senior unsecured notes
Apr 30, 2026
Aegon Ltd.
Schiphol, April 30, 2026 - Aegon has successfully priced USD 500 million of senior unsecured notes with a fixed coupon of 5.625% and a tenor of ten years. Net proceeds from this issuance will be used to provide funds for the repurchase of certain series of unregistered subordinated notes issued by Aegon in a concurrent tender offer that is only being made to eligible non-US holders outside the United States. Any remaining net proceeds will be used for general corporate purposes.
The notes are being issued by Aegon Funding Company LLC and will be guaranteed on a senior unsecured basis by Aegon Ltd. The maturity date is May 7, 2036.
An application will be made to list the notes on the New York Stock Exchange (NYSE). The issuance is expected to settle on May 7, 2026, with the notes expected to be admitted to trading on the NYSE following settlement.
Contacts
Media relations Investor relations Carolien van der Giessen Yves Cormier +31 611 953 367 +44 782 337 1511 carolien.vandergiessen@aegon.com yves.cormier@aegon.com
About Aegon
Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.
Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange.
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, focus, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following:
Story Continues
Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and, in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands. Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets. Changes in the performance of financial markets, including emerging markets, such as:
The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios. The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds. The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds. The impact from volatility in credit, equity, and interest rates. Changes in the performance of Aegon’s investment portfolio and a decline in the ratings of Aegon’s counterparties. The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates. The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition. The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries. The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends. Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda. Changes affecting interest rate levels and low or rapidly changing interest rate levels. Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates. The effects of global inflation, or inflation in the markets where Aegon operates. Changes in the availability of, and costs associated with, liquidity sources, such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness. Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands. Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business. The frequency and severity of insured loss events. Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives. Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results. Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations. Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations. Customer responsiveness to both new products and distribution channels. Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures. Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows. Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies. The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, there is no certainty or guarantee what the manner, timing, and potential impacts of the planned relocation of the company’s legal domicile and head office to the United States will be, and if such a relocation can be completed successfully. Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow. Changes in the policies of central banks and/or governments. Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business. Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products. The consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or any further consequences of the exit of the United Kingdom from the European Union, and the potential consequences of other European Union countries leaving the European Union. Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property. Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates. Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon. Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels. Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, that may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management. Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws. Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.
This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Attachment
20260430_PR_Aegon prices USD 500 million of senior unsecured notes
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- Aegon prices USD 500 million of senior unsecured notes
Apr 30, 2026 · globenewswire.com
Schiphol, April 30, 2026 - Aegon has successfully priced USD 500 million of senior unsecured notes with a fixed coupon of 5.625% and a tenor of ten years. Net proceeds from this issuance will be used to provide funds for the repurchase of certain series of unregistered subordinated notes issued by Aegon in a concurrent tender offer that is only being made to eligible non-US holders outside the United States. Any remaining net proceeds will be used for general corporate purposes.
- AEGON PRICES USD 500 MILLION OF SENIOR UNSECURED NOTES
Apr 30, 2026
SCHIPHOL, APRIL 30, 2026 - AEGON HAS SUCCESSFULLY PRICED USD 500 MILLION OF SENIOR UNSECURED NOTES WITH A FIXED COUPON OF 5.625% AND A TENOR OF TEN YEARS. NET PROCEEDS FROM THIS ISSUANCE WILL BE USED TO PROVIDE FUNDS FOR THE REPURCHASE OF CERTAIN SERIES OF UNREGISTERED SUBORDINATED NOTES ISSUED BY AEGON IN A CONCURRENT TENDER OFFER THAT IS ONLY BEING MADE TO ELIGIBLE NON-US HOLDERS OUTSIDE THE UNITED STATES. ANY REMAINING NET PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.
