Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 4

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 4
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 increase was driven by large-market plans, where net outflows amounted to USD 16.1 billion in the period and were largely driven by the discontinuance of two large, low-marginrecordkeeping contracts previously noted in the third quarter trading update. Gross deposits in large-market plans increased compared with the second half of last year, but were more than offset by contract discontinuances and higher participant withdrawals. 4

Net outflows for mid-sizedplans amounted to USD 0.6 billion, compared with net deposits of USD 0.2 billion in the second half of 2023. The decrease resulted from higher withdrawals as positive equity markets increased the gross value of outflows, as well as the negative impact from contract discontinuances, which was only partially offset by an increase in gross deposits. Part of the eligible participant withdrawals from both large-market and mid-sizedplans were rolled over to IRAs in an effort to consolidate assets and retain customers, which generated USD 0.8 billion of net deposits during the reporting period. Net outflows for Mutual Funds amounted to USD 0.6 billion in the second half of 2024, compared with outflows of USD 1.0 billion in the second half of 2023. This mainly reflected lower withdrawal rates as gross deposits in both periods remained at a similar level. Account balances Account balances in Retirement Plans increased by 5% to USD 224 billion at the end of 2024, driven by favorable market movements, up from USD 214 billion at year end 2023. Mid-sizedplans accounted for USD 54 billion of the total account balances in Retirement Plans as of December 31, 2024, an increase of 13% compared with the level at year-endof 2023, as a result of both favorable market movements and net deposits. Transamerica aims to grow and diversify revenue streams by expanding both the General Account Stable Value product and IRAs to USD 16 billion and USD 18 billion of assets under management, respectively, by 2027. Assets under management in the General Account Stable Value product increased by 18% compared with the end of year 2023 to USD 13 billion at the end of the reporting period. Over the same period, IRA account balances increased by 22% to USD 13 billion as of December 31, 2024, driven by efforts to retain assets from retirement plans, additional customer deposits, and favorable markets over the past year. Strategic Assets business update: Protection Solutions Transamerica