June 22 (Reuters) - Transamerica owner Aegon (AEGN.AS) on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets.
The Dutch-listed insurer said it sees free cash flow of about 800 million euros ($878.96 million) in 2025, up from the 600 million it expects for 2023.
It also projects a dividend per share of around 0.40 euros in 2025, from around 0.30 euros expected for 2023.
It also sees untapped potential in the insurance market in the U.S, where it is present through its subsidiary Transamerica.
Transamerica, Aegon's largest business, will further invest in its insurance distribution network World Financial Group (WFG), and will aim to increase earnings from its retirement business.
Persons:
WFG, Olivier Sorgho, Clarence Fernandez, Sharon Singleton
Organizations:
Aegon, ING, Financial, Aegon's, Thomson
Locations:
U.S, United States, Aegon's