Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 4

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 4
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 2025. |

| 6 |     | | Aegon Financial Condition Report 2024 |

| Business and performance  Name and contact details of the group supervisor |

Transamerica purchase of institutionally owned universal life policies During the year, Transamerica achieved its target to purchase at least 40% of the USD 7 billion face value of institutionally owned universal life policies that were in-forceat the end of 2021, locking in claims cost and reducing the mortality risk of the overall portfolio. The program achieved the targeted investment hurdles and concluded three years ahead of plan. Though the program has successfully concluded, funding remains available for potential additional purchases if these are economically favorable for Aegon. Revised Life and Health assumptions in Transamerica Transamerica has revised its Life and Health assumptions in the second quarter of 2024, which strengthened the IFRS reserves, supporting operating result going forward. Share buyback On June 28, 2024, Aegon completed its EUR 1.535 billion share buyback program, as announced on July 6, 2023. On May 16, 2024, Aegon announced the beginning of a EUR 200 million share buyback program. The share buyback program commenced on July 8, 2024, and was completed on December 13, 2024, 34,968,762 common shares were repurchased for a total amount of EUR 200 million at an average price of EUR 5.7049 per share. On November 15, 2024, Aegon announced a new EUR 150 million share buyback program, consistent with its policy to return excess Cash Capital at Holding to shareholders in the absence of value-creating opportunities. The share buyback program commenced on January 13, 2025, and is expected to be completed by June 30, 2025, barring unforeseen circumstances. Sale of its 56% stake in its associate in India On July 21, 2023 Aegon announced the sale of its 56% stake in its associate in India, Aegon Life Insurance Company, to Bandhan Financial Holdings Limited, an Indian financial services company. The divestment does not have a material impact on Aegon’s capital position or results. The transaction was closed on February 23, 2024. Capital funding The redemption of a EUR 700 million subordinated bond that matured in April 2024 was refinanced