Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 0

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 0
---
2024 capital generation, cash and capital management

| • |     | Operating capital generation before holding funding and operating expenses remained broadly stable at EUR         
 658 million compared with the second half of 2023. Aegon meets its increased guidance of EUR 1.2 billion for 2024 |

| • |     | Capital ratios of Aegon’s main units remain above their respective operating levels and Cash Capital at 
 Holding at EUR 1.7 billion per year-end 2024. EUR 200 million share buyback completed in December       |

| • |     | Free cash flow of EUR 385 million, which includes capital distributions from a.s.r. Full-year free cash flow 
 of EUR 759 million meets guidance of more than EUR 700 million                                               |

| • |     | 2024 final dividend of EUR 0.19 per common share proposed, an increase of 19% compared with 2023 final dividend |

Lard Friese, Aegon CEO, commented: In 2024, we continued to make good progress with our transformation and are on track to meet the 2025 targets we laid out at our 2023 Capital Markets Day (CMD). We will provide an update on our strategy and new group targets at our next CMD on December 10, 2025, in London. Looking back on the year, I am proud of what the teams achieved, and I am grateful for their hard work. We have delivered on both our increased guidance for operating capital generation (OCG) of EUR 1.2 billion, and on our free cash flow guidance of more than EUR 700 million for 2024. Our main business units remained well capitalized, and we have generated a full year IFRS operating result of EUR 1.5 billion. Our valuation equity per share, which is a measure of shareholder value, increased by 12% to EUR 8.91. We continued to execute our strategy to grow our businesses and improve the service we offer to customers. This included the roll-outof a new brand identity across our fully owned units that facilitates improved digital customer experiences. Taking a closer look at our commercial performance in 2024: in the Americas, we strengthened our distribution capabilities as World Financial Group (WFG) grew its number of licensed agents to over 86,000, up 17% compared with the prior year. This contributed to the 22% increase in the operating result of Transamerica’s distribution segment, which reached USD