Aegon sells Aegon UK to Standard Life for £2 billion, boosting focus on US market.

Aegon Ltd. has agreed to sell its Aegon UK business to Standard Life for a total consideration of £2.0 billion, including a 15.3% shareholding in Standard Life and £0.75 billion in cash. This strategic move supports Aegon's ambition to become a leading US life insurance and retirement group. The transaction is expected to close by the end of 2026, subject to regulatory approvals, and will lead to updated financial targets for Aegon. Post-sale, Aegon will use the cash proceeds for deleveraging and share buybacks, while maintaining its UK asset management operations as a key partner to the combined business.