Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121246
Chunk: 3

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 3
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 |     |         |    (7 | ) |     |         |   (15 | ) |     |           |   57 | %  |
| Capital flows from / (to) shareholders |     |       |     |         |   (74 | ) |     |         |  (459 | ) |     |           |   84 | %  |
| Net change in gross financial leverage |     |       |     |         |    (5 | ) |     |         |     — |   |     |           | n.m. |    |
| Other                                  |     |       |     |         |   (38 | ) |     |         |    19 |   |     |           | n.m. |    |
| End of period                          |     |       |     |         |  1636 |   |     |         | 1,961 |   |     |           |  (17 | %) |

Aegon’s Cash Capital at Holding decreased during the first quarter of 2025, largely due to capital returns to shareholders in the form of share buybacks. Free cash flow included Aegon’s participation in a share buyback program by a.s.r. Other items combined had a negative impact, driven by the previously announced neutralization of shares issued for share-based compensation plans. Share buyback programs On November 15, 2024, Aegon announced a EUR 150 million share buyback program, which is expected to be completed by June 30, 2025. On March 31, 2025, Aegon had completed 68% of this share buyback program. Aegon today announces a planned new EUR 200 million share buyback program, consistent with its objective to reduce Cash Capital at Holding to around EUR 1.0 billion by end 2026, and unless Aegon can invest in value-creating opportunities. Barring unforeseen circumstances, the share buyback program will start at the beginning of July 2025 and is expected to be completed on or before December 31, 2025. The start of this share buyback program will be announced in due course. 11

Update on Aegon’s group solvency under the Bermuda solvency framework In 2023, Aegon’s group supervision was transferred from the Dutch Central Bank to the Bermuda Monetary Authority (BMA). Aegon agreed to fully adopt the Bermuda solvency framework after a transition