After several years marked by revenue declines and net losses, AEGON Ltd. has returned to net income profitability in 2025 driven by operational improvements and strategic focus on the US market. The company is executing a landmark headquarters relocation to the United States, rebranding as Transamerica, alongside an aggressive share repurchase program that underscores disciplined capital allocation. While growth prospects center on expansion within the US life insurance and retirement segments, execution risks around redomiciliation, regulatory shifts, and competitive pressures remain notable. Investors should monitor progress on US GAAP adoption and buyback completion as key near-term milestones.