Aegon Ltd (AEG) is fairly valued and Hartford Insurance Group Inc (HIG) is undervalued.
Against our estimates of intrinsic value, HIG trades at the wider discount: a margin of safety of +35%, against +3% for AEG.
Values as of the 22 Sept 2026 close.
Book value at 1.16x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $9.24; the price of $8.95 is 3% below that value.
Leak Score 27/100 on 3 of 12 signals
Book value at 2.50x, the multiple a 21.8% return on equity justifies, blended with earnings, values the shares at $197.10; the price of $128.73 is 35% below that value.
Leak Score 79/100 on 10 of 12 signals
| Metric | AEG | HIG |
|---|---|---|
| Verdict | Fairly valued | Undervalued |
| Price | $8.95 | $128.73 |
| Intrinsic value | $9.24 | $197.10 |
| Margin of safety | +3% | +35% |
| Leak Score | 27/100 (3/12) | 79/100 (10/12) |
| Market cap | $13.2B | $34.9B |
| Revenue growth, 5 years | 7.4% | 6.7% |
| Operating margin | 2.5% | 18.0% |
| Net margin | 3.9% | 14.9% |
| Return on equity | 10.6% | 21.8% |
| Debt to equity | 0.43 | 0.22 |
| P/E | 11.9x | 8.3x |
| Forward P/E | 7.7x | 9.4x |
| P/B | 1.3x | 1.8x |
| Dividend yield | 5.6% | 1.9% |