Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 70

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 70
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 investments have been made in new business to generate organic growth, capital generated by Aegon’s operating units is available for distribution to the holding company. In addition to an operating level, Aegon established a minimum dividend payment level of capital in each of the units: 350% RBC CAL in the US and 135% SCR for Solvency units including UK. As long as the capital position of the unit is above this minimum dividend payment level, the unit is expected to pay remittances to the Group. When the operating unit’s capital position approaches the minimum dividend payment level, capital management tools are used to ensure that units will remain well capitalized. The frequent monitoring of actual and forecasted capitalization levels of its operating units is an important element in Aegon’s capital framework in order to actively maintain adequate capitalization levels. The regulatory capital requirement, minimum dividend payment level, operating level, and actual capitalization for Aegon’s main operating units at December 31, 2024, are included in the following table:

| Capital requirements                  |     |                    |      |     |                  |      |     |                 |      |     |                       |      |
|                                       |     | Regulatory capital 
 requirement        |      |     | Minimum dividend 
 payment level    |      |     | Operating level |      |     | Actual capitalization |      |
| US RBC ratio                          |     |                    | 100% |     |                  | 350% |     |                 | 400% |     |                       | 443% |
| Scottish Equitable Plc UK Solvency II 
 ratio                                 |     |                    | 100% |     |                  | 135% |     |                 | 150% |     |                       | 186% |

United States (Transamerica) The estimated RBC ratio in the United States increased from 432% on December 31, 2023, to 443% on December 31, 2024, and remained above the operating level of 400%. In addition to a strong operating performance, markets had beneficial impacts driven by interest rate variance, equity returns and a positive impact on credit variances. The positive impact was partly offset by a negative impact from the termination of a portfolio of universal life policies previously bought from institutional owners, taking into account the repayment of part of the equity funding used to acquire these policies.

| 53 |     | | Aegon Financial Condition Report 2024 |

| Capital management