Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 14

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 14
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 partly offset by lower other earnings on in-force. Cash Capital at Holding and free cash flow Aegon’s Cash Capital at Holding decreased during the second half of 2024 from EUR 2,090 million to EUR 1,725 million. This decrease was largely due to EUR 728 million of capital returns to shareholders, consisting of the 2023 final dividend, the 2024 interim dividend and EUR 207 million of share buybacks. Free cash flow during the second half of 2024 amounted to EUR 385 million and included the 2024 interim dividend from a.s.r. and Aegon’s participation in a share buyback program by a.s.r. Other items combined had a negative impact of EUR 23 million, mainly driven by capital injections in the business units of EUR 18 million. 17

2024 final dividend Aegon aims to pay a sustainable dividend to allow equity investors to participate in the company’s performance, which can grow over time if Aegon’s performance so allows. At its 2023 CMD, Aegon set a target for dividend growth to around EUR 0.40 per common share over 2025. The Board of Directors will, in the absence of unforeseen circumstances, propose a final dividend for 2024 of EUR 0.19 per common share at the Annual General Meeting of Shareholders to be held on June 12, 2025. If approved, and in combination with the interim dividend of EUR 0.16 per share paid over the first half of 2024, Aegon’s total dividend over 2024 will amount to EUR 0.35 per common share. This represents an increase of EUR 0.05 or 17% compared with the total dividend per common share over 2023. If the proposed dividend is approved by shareholders, Aegon’s shares will be quoted ex-dividendon June 16, 2025. The record date for the dividend will be June 17, 2025, and the dividend will be payable as of July 7, 2025. Share buyback programs On May 16, 2024, Aegon announced the beginning of a EUR 200 million share buyback program. The share buyback program commenced on July 8, 2024, and was completed on December 13, 2024. On November 15, 2024, Aegon announced a new EUR 150 million share buyback program, consistent with its