Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 3

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 3
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 The Retirement Plans segment showed strong written sales although it experienced outflows, while Individual Life sales decreased. The program to purchase universal life policies from institutional owners was successfully completed, although funding remains available for further potential additional purchases if these are economically favorable. Strategic Assets business update: Distribution Transamerica’s Distribution business segment consists of WFG and Transamerica Financial Advisors. Transamerica’s ambition is to increase the number of WFG agents to 110,000 by 2027, while simultaneously improving agent productivity. At the end of 2024, WFG’s number of licensed agents grew to 86,142 licensed agents, an increase of 17% compared with the end of 2023. This reflected the successful training of recruits to become licensed agents. In the second half of 2024, WFG has also implemented a new activation program that provides training and other forms of support for newer agents to improve their productivity more quickly. The number of multi-ticket agents – those selling more than one life policy per 12 months – remained stable with 36,239 agents. WFG’s total new life sales in the US and Canada amounted to USD 310 million in the second half of 2024, which is a decrease of 10% compared with the prior year period. Over the same period, WFG’s third-party annuity product sales increased by 17%, leading to gross deposits of USD 1.7 billion. In the second half of 2024, Transamerica’s market share in the WFG distribution channel in the US amounted to 62% for life products, a decrease of 2%-points compared with the same period last year. Transamerica continues to further develop its dedicated service provision for WFG agents and its products that are tailored to the US middle market. Strategic Assets business update: Savings & Investments Transamerica’s Savings & Investments business segment includes Retirement Plans, Mutual Funds, and Stable Value Solutions. The growth focus lies in recordkeeping and investment services for US defined contribution plans and individual retirement accounts (IRAs), as well as advice to plan participants. The Retirement Plan business aims to increase profitability by growing assets in the General Account Stable Value and IRA allocations, focusing on mid-sizedand pooled plans, and delivering managed advice and other ancillary products and services. Net deposits Retirement Plans reported net outflows of USD 15.9 billion in the second half of 2024 compared with USD 3.7 billion of net outflows in the same period of 2023. This