Aegon Limited (AEG) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.397 Good morning, everyone. Thank you for joining us for this conference call on EGON's first 00:00:05.397 -- 00:00:10.642 half-year 2025 results. I'm Yves Cormier, Head of Investor Relations, 00:00:10.642 -- 00:00:15.628 and joining me today to take you through our progress are EGON CEO, Lars Friese, and 00:00:15.628 -- 00:00:20.793 TFO, Duncan Russell. Before we start, we would like to ask you to review 00:00:20.793 -- 00:00:26.599 our disclaimer on forward-looking statements, which you can find at the end of the presentation. 00:00:26.599 -- 00:00:30.722 And with that, I would like to give the floor to Lars. 00:00:30.845 -- 00:00:33.789 Thank you, Eve, and good morning, everyone. 00:00:33.789 -- 00:00:37.735 I want to start today's presentation by informing you about the next steps in Agon's 00:00:37.735 -- 00:00:42.582 transformation and running through our commercial developments before Duncan will address 00:00:42.582 -- 00:00:45.403 our results in more detail. 00:00:45.406 -- 00:00:48.971 So let me begin on slide number two with the key messages. 00:00:48.971 -- 00:00:53.698 Our strategy is to grow and transform our businesses, and we made good progress in doing 00:00:53.698 -- 00:00:57.063 so during the first half of 2025. 00:00:57.063 -- 00:01:02.470 We are on track to deliver on our strategy and on all our targets. 00:01:02.470 -- 00:01:04.973 Our operating result was 845 00:01:04.973 -- 00:01:09.278 million euros, up 19% compared with last year. 00:01:09.278 -- 00:01:14.243 This increase was mainly driven by profitable business growth and less unfavorable claims 00:01:14.243 -- 00:01:19.729 experience in the US, but also in the UK and in our international segment. 00:01:19.729 -- 00:01:25.456 Operating capital generation bef...