Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 35

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 35
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egon’s insurance companies based on investment mandates. The ‘Third Party Risk Management Policy’ also covers the Intra-group outsourcing. For intra-group outsourcing the examination of the vendor may be less detailed, provided that the business unit has greater familiarity with the vendor, and if the business unit has sufficient control over, or can influence the actions of, the vendor. However, for intra-group outsourcing agreements, Aegon requires a written agreement, including a service level agreement (SLA), stipulating duties and responsibilities of both parties. The critical or important intra-group outsourcing arrangements at Aegon Group level are:

| • |     | Intra-group agreements in place between the various legal entities that compromise Global Technology Services, our internal IT service provider, and the Business Units. The different services provided relate to 
 datacenter, network, storage, hosting etc. are mutually agreed upon, which may be modified from time to time; and                                                                                                  |

| • |     | The business unit Aegon Asset Management manages a large part of the assets of Aegon’s insurance companies, including Aegon Americas. The contracting entities Aegon Investment Management B.V. (AIM) , Aegon USA 
 Investment Management, LLC (AUIM) and Aegon USA Realty Advisors, LLC (AURA) are part of this Unit.                                                                                                                |

B.8 Any other material information Escalation thresholds for decision making are linked to the scale and impact of the risks to the organization. Risk tolerances, policies, methodologies and models are regularly reviewed to ensure they remain appropriate and up-to-date.Aegon’s Partial Internal Capital Model is fully integrated into Aegon’s risk management system and governance structure, and the model validation function regularly assesses the Partial Internal Capital Model and underlying components. The model integrity is assessed, including performance of the model and ongoing appropriateness of its specifications. The conclusion of the latest assessment by Group Model Validation was that the Partial Internal Capital Model (PICM), including the underlying Internal Capital Models (ICM) and Standard Formula (SF) shocks as well as Aggregation methodology are considered fit for purpose for derivation of the Solvency II Solvency Capital Requirement (SCR) calculation. In 2024, risk management and internal control topics were discussed by the relevant management committees and bodies, including the Executive Committee and the Audit Committee of the Board of Directors. An analysis of internal and external audit reports and risk reviews revealed no material weaknesses. As a result, no significant changes or major improvements were