Company: AEGOF
Filing Date: 2025-08-21
Form Type: 6-K
Source: 0001193125-25-184596
Chunk: 5

Company: AEGON LTD.
Filing Date: 2025-08-21
Form: 6-K
Chunk 5
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       |   |     |         |  371 |   |     |         |  383 |   |     |   |   (3 | ) |
| EoIF Retirement Plans (included in EoIF Savings & Investments) |     |       |   |     |         |   86 |   |     |         |   85 |   |     |   |    2 |   |
| EoIF Individual Life (included in EoIF Protection Solutions)   |     |       |   |     |         |  337 |   |     |         |  334 |   |     |   |    1 |   |

In the Americas, OCG decreased by 3% driven by higher new business strain from growing the Strategic Assets. The first half of 2025 was impacted by, in aggregate, USD 74 million of unfavorable non-recurringitems. As a result, the recurring OCG remains in the range of the guidance of USD 200 to 240 million per quarter. Earnings on in-forceincreased driven by business growth, an improvement of claims experience, and USD 14 million of favorable non-recurringexpense variances. Financial Assets earnings on in-forceincreased, mostly from higher earnings on in-forcefrom Variable Annuities due to higher account balances from favorable markets. During the half year, mortality claims experience was USD 86 million unfavorable from a higher severity of claims in Universal Life, especially from old age policies. Morbidity claims experience in Financial Assets was largely in line with expectations. In Protection Solutions, earnings on in-forcedecreased due to a non-recurringbenefit in the first half of last year. USD 15 million of unfavorable morbidity claims experience, mainly in the workplace business, was offset by favorable mortality claims experience of USD 16 million. In Savings & Investments, earnings on in-forcedecreased as growth in Retirement Plans was offset by lower contributions from the Stable Value Solutions line of business. Distribution reported a small decrease in earnings on in-forcedue to higher expenses reflecting the growing WFG franchise. Release of required capital is driven by the run-offof Financial Assets and a growing Strategic Assets book. New business strain amounted to USD 402 million in the reporting period, in line with the guidance of around USD 200 million per quarter, and an increase driven by growth in Individual Life and Retirement Plans, partly offset by a net positive new business strain from growth in RILA. The decrease in