Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 15

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 15
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       |   |     |         |    212 |   |     |         |    165 |   |     |           |   29 |   |
| MCVNB - Americas (Retirement Plans)                                              |     |       |   |     |         |     67 |   |     |         |     42 |   |     |           |   61 |   |
| MCVNB - United Kingdom (IFRS 9 pension business)                                 |     |       |   |     |         |      8 |   |     |         |      9 |   |     |           |  (15 | ) |
| MCVNB - International (Spain & Portugal short-term insurance business, China and 
 Brazil)                                                                          |     |       |   |     |         |     61 |   |     |         |     49 |   |     |           |   23 |   |
| MCVNB                                                                            |     |       |   |     |         |    135 |   |     |         |    100 |   |     |           |   35 |   |

| 1 | New business value reflects the sum of the IFRS new business value and MCVNB. |

20

Operating result Aegon’s operating result increased 14% compared with the second half of 2023 to EUR 776 million, mostly driven by the Strategic Assets in the Americas, reflecting business growth and more favorable claims experience, partly offset by more onerous contracts and a reclassification in Financial Assets. Results also improved in the asset management business, reflecting business growth and a few one-timebenefits. Americas The operating result from the Americas increased by 15% to EUR 553 million in the second half of 2024 compared with EUR 479 million in the same period in 2023. In local currency, it increased by USD 80 million to USD 599 million. An increase of the operating result was recorded in all three Strategic Asset business segments, reflecting business growth. This was partly offset by a decrease in the operating result of Financial Assets from onerous contracts driven by unfavorable experience variances and the run-offof the portfolio. The mortality claims experience was favorable across all lines of business in the reporting period following the assumption update in the first half of 2024. The operating result of the Distribution business segment increased by 25% to USD 96 million in the second half of 2024, compared with the