Company: AEGOF
Filing Date: 2025-11-13
Form Type: 6-K
Source: 0001193125-25-279367
Chunk: 2

Company: AEGON LTD.
Filing Date: 2025-11-13
Form: 6-K
Chunk 2
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 Strategic Assets was driven by more favorable claims experience compared with the prior year period, as well as a higher release of required capital. This was partially offset by a higher new business strain largely associated with growth in the Individual Life portfolio. The total new business strain remained USD 10 million below the guidance of around USD 200 million per quarter. Adjusting for this and USD 20 million of favorable claims experience, the OCG falls within the guidance of USD 200 to 240 million per quarter. Earnings on in-forcewas in aggregate similar to the prior year quarter. Financial Assets earnings on in-forceincreased, mostly driven by Variable Annuities that benefited from favorable markets. Morbidity claims experience in Financial Assets was USD 19 million favorable, which was mainly driven by fewer than expected new claims in Long-Term Care. In addition, there was USD 6 million of favorable mortality claims experience in Universal Life. In Protection Solutions, earnings on in-forcedecreased in Traditional Life and Variable Universal Life, which offset the growth in other products. USD 6 million of unfavorable morbidity claims experience was mainly driven by the Medical Supplement product in the workplace business. Mortality claims experience in Protection Solutions was largely in line with expectations. In Savings & Investments, earnings on in-forcedecreased mainly due to lower contributions from the Stable Value Solutions line of business. Distribution reported a decrease in earnings on in-forcedue to a lower operating margin, mostly associated with higher investments to support the growth of the WFG franchise. 10

Cash Capital at Holding and free cash flow

| Aegon Ltd.                             |     |       |     |         |       |     |         |       |     |   | unaudited |
| Cash Capital at Holding                |     |       |     |         |       |     |         |       |     |   |           |
| EUR in millions                        |     | Notes |     | 3Q 2025 |       |     | 3Q 2024 |       |     | % |           |
| Beginning of period                    |     |       |     |         | 2,011 |     |         | 2,090 |     |   | -4%       |
| Americas                               |     |       |     |         |    11 |     |         |    12 |     |   | -13%      |
| United Kingdom                         |     |       |     |         |     - |     |         |