Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 64

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 64
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 millions                |     | December 31, 2024 |     | December 31, 2023 |
|:---------------------------------------|:----|------------------:|:----|------------------:|
| Pension benefit obligations            |     |               524 |     |               657 |
| Deferred tax liabilities / tax payable |     |               610 |     |               538 |
| Derivatives                            |     |               389 |     |               850 |
| Insurance & intermediarries payables   |     |             1,357 |     |             1,062 |
| Reinsurance payables                   |     |                 8 |     |                37 |
| Payables (trade, not insurance)        |     |             1,582 |     |             1,097 |
| Subordinated liabilities               |     |             3,621 |     |             4,193 |
| Other                                  |     |               387 |     |               498 |
| Total other liabilities                |     |             8,479 |     |             8,932 |

Pension benefit obligations Aegon follows EU-IFRS(International Accounting Standard 19) for valuing the employee benefits and obligations. The pension benefit obligation is related to the defined benefit pension plans. Under IFRS, the defined benefit obligation is based on the terms and conditions of the plan applicable on the reporting date. In measuring the defined benefit obligation, the Group uses the projected unit credit method and actuarial assumptions that represent the best estimate of future experience. Plan assets are comprised of qualifying insurance policies and assets held by long-term employee benefit funds that can only be used to pay employee benefits under the plan and are not available to the Group’s creditors. They are measured at fair value and are deducted from the defined benefit obligation in determining the amount recognized on the statement of financial position. For reimbursements by associated third parties of some or all of the expenditure required to settle a defined benefit obligation, a reimbursement asset is recognized on the basis of the present value of the related obligation, subject to any reduction required if the reimbursement is not recoverable in full. Reference is made to note 33 ‘Defined benefit plans’ in Aegon’s 2024 Integrated Annual Report for more information on pension benefit obligations. Deferred tax assets and liabilities The total Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL) amounted to EUR 823 million (2023: EUR 753 million