Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 56

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 56
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 | The Reinsurance Use Policy establishes the process with which reinsurance use is conducted at Aegon in order to ensure a consistent high standard of reinsurance use across the Group, to ensure proper internal controls 
 are in place around risks arising from reinsurance wherever material (e.g. counterparty risk and basis risk), and to ensure globally consistent information on Aegon’s reinsurance treaties is available.                 |

C.5 The stress testing and sensitivity analysis to assess material risks, including the methods and assumptions used by the insurance Group, and the outcomes Aegon calculates the sensitivities of its Solvency ratios as part of its capital management framework. The following table provides an overview of the sensitivities (downward and upward) to certain parameters and their estimated impact on the Solvency ratio. As of December 31, 2024, Aegon has a 29.95% stake in a.s.r. The impact from this 29.95% stake has been excluded from the sensitivities of the Group Solvency ratio. The Solvency and Financial Condition Report 2024 of a.s.r. provides the sensitivities of a.s.r. Please note that the sensitivities listed in the tables below represent sensitivities to Aegon’s position at the balance sheet date. The sensitivities reflect single shocks, where other elements remain unchanged. Real-world market impacts (for example, lower interest rates and declining equity markets) may happen simultaneously, which can lead to more severe combined impacts and may not be equal to the sum of the individual sensitivities presented in the table. At the end of 2024, the US RBC ratio, and therefore also the Group solvency ratio, has become more sensitive to market movements driven by flooring of reserves on Variable Annuities in the US and the cliff effects that occur when deferred tax assets become inadmissible (“DTA cliff impact”). These impacts are included in the capital sensitivities per year-end2024 presented in the table on the next page.

| 41 |     | | Aegon Financial Condition Report 2024 |

| Risk profile  The stress testing and sensitivity analysis to assess material risks |

| Sensitivity            |     |                        |     | Description                                                                                                                                                                         |     |                       |
| Equity markets         |     | -/+ 25%                |     | 25% fall/rise in equity markets                                                                                                                                                     |     |                       |
| Interest rates         |     | -/+ 50 bps             |