AEG vs HIG: Aegon NV ADR and Hartford Financial Services Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hartford Financial Services Group is the larger company, worth $36.0B, about 2.9 times Aegon NV ADR.
- Hartford Financial Services Group grew revenue faster over the last year (+8.1% vs +1.1%).
- On earnings, Hartford Financial Services Group is the cheaper stock (9.3x vs 11.9x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AEG | HIG |
|---|---|---|
| Market cap | $12.6B | $36.0B |
| Share price | $8.24 | $129.11 |
| Revenue (last fiscal year) | — | $28.4B |
| Free cash flow (last fiscal year) | $380M | $5.8B |
| Revenue growth, last year | +1.1% | +8.1% |
| Revenue growth per year, last 5 fiscal years | — | +6.1% |
| Operating margin | — | 17.3% |
| Net margin | — | 15.0% |
| Return on equity | 10.4% | 22.2% |
| P/E (trailing) | 11.9x | 9.26x |
| Price / free cash flow | 14.8x | 6.26x |
| EV / EBITDA | — | 7.04x |
| FCF growth the price implies | — | -10.7% |
| Dividend yield | 4.9% | 1.7% |
| Debt / equity | 32.7x | 3.48x |
| Fundamental grade | C | B |
| Superinvestors holding it | 3 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Aegon NV ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $21.1B | -$1.9B | 117.2% |
| 2022 | $21.3B | $2.6B | -164.7% |
| 2023 | — | $748M | — |
| 2024 | — | $696M | — |
| 2025 | — | $380M | — |
Hartford Financial Services Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $22.4B | $4.0B | 13.0% |
| 2022 | $22.4B | $3.8B | 10.1% |
| 2023 | $24.5B | $4.0B | 12.6% |
| 2024 | $26.5B | $5.8B | 14.5% |
| 2025 | $28.4B | $5.8B | 16.8% |
Where the revenue comes from
Aegon NV ADR
No segment breakdown reported.
Hartford Financial Services Group · by segments, 2025
Questions
Which is bigger, Aegon NV ADR or Hartford Financial Services Group?
Hartford Financial Services Group (HIG), at $36.0B against $12.6B.
Is AEG or HIG cheaper?
By trailing P/E, Hartford Financial Services Group (9.26x) is cheaper than Aegon NV ADR (11.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, AEG or HIG?
Hartford Financial Services Group: revenue grew +8.1% over the last year, against +1.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.