Aegon Slumps as Move to US Ushers in ‘Transition Period’ (2)

Aegon Ltd.’s shares dropped after it unveiled disappointing payouts, overshadowing a confirmation it will move its headquarters to the US.

The company will buy back €400 million ($466 million) of its own shares next year, it said in a statement on Wednesday. It also plans to grow the dividend by more than 5% annually during the transition phase, from around €0.4 per share for 2025.

The Dutch insurer, which will rename itself Transamerica Inc., intends to complete the move over the coming two years. It expects to incur about €350 million ($407 million) in associated costs through the first ...