Some of Britain’s biggest savings and insurance groups are expected to take an early look at Aegon’s UK business, which has been pushed into a strategic review as the Dutch group prepares to rebrand as Transamerica and shift its centre to the US.
Panmure Liberum flags a broad field of potential bidders. Phoenix Group, Aviva, Royal London, M&G and Lloyds Banking Group PLC are all seen as plausible trade buyers.
Legal & General is mentioned but viewed as a less likely participant. Private equity-backed operators are also expected to weigh up an offer.
The prize on offer is a substantial platform franchise. Aegon UK specialises in capital-light workplace and adviser-led savings, with £124 billion of assets under administration in those core segments and £226 billion across all UK activities.
The business delivered operating profit of £167 million and net income of £56 million in 2024, and still carries some legacy books.
Depending on how the business is carved up, analysts think it could fetch between about £1.5 billion and £3 billion.
Even the lower end of that range would mark one of the larger recent transactions in the UK long-term savings market, offering the winning bidder instant scale.
Aegon confirmed the strategic review, including a possible disposal, at its capital markets day in London, where it also unveiled plans to take the Transamerica name across the group.
Just a reminder to all, that $PHNX goes ex-dividend tomorrow.
dariogold
9 месяцев назад
Is phoenix worth it for dividend ?
Thinking about adding Phoenix Group (PHNX), but not sure it’s worth it when Legal & General (LGEN) offers a higher yield-on-cost with arguably stronger long-term safety. Phoenix looks good for immediate income, but carries more risk with its legacy books. LGEN feels like the sturdier anchor for a forever dividend portfolio. What do you guys think — is Phoenix a good complement, or better to just load more LGEN?
Deepinwaiting
10 месяцев назад
H1 2025 results
TronaldDump
10 месяцев назад
Interesting read - popularity of annuities increasing
9.33% impressive! How longs it been at that percentage for?! Might have to add to my portfolio!
fynnk12
в прошлом году
Opinions
Thinking of getting into this stock?
Do you guys think this is a too high price for first investment or still get in now ?
Iceberg22
в прошлом году
What just happened?
Bad news and it jumps up??
Marchev
в прошлом году
Average 499
Finally got my AVG under 500 what is yours ?
Marchev
в прошлом году
UK insurers
What's going on with UK stocks? Aviva,MG, Phoenix? Anyone else loading them ?
ADHDbiker
2 года назад
Pay Day
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Very good app. Easy to see the status of my savings and interest. Feel like they’re responsible well run company
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Great starting interest rate making this a fantastic way to save
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They offer a slick service although I…
They offer a slick service although I could have done with some instructions on how to navigate their app but maybe that’s just me.
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Very easy to track what is happening with your investment. Website easy to negotiate on initial set up and the app has all the info you need.
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