Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 21

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 21
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egon’s core business and meets customer needs.             |
| Financial     |     | The risk of incurring financial losses due to movements in financial markets and the market value of balance sheet items. Elements of financial risk are credit risk, 
 inflation risk, investment risk, interest rate risk and currency risk.                                                                                                |     | Low to medium - Accepted where it meets customer needs and the risk return profile is acceptable. |
| Operational   |     | The risk of losses resulting from inadequate or failed internal processes and controls, people and systems or business, but mitigated as much as possible in an from  
 external events, such as processing errors, legal and compliance issues, natural or man-made disasters, and cybercrime.                                               |     | Low - Accepted as a necessary condition of conducting economically efficient manner.              |

Risk identification and risk assessment Aegon has identified a risk universe that captures all known material risks to which the company is exposed. To assess all risks, Aegon maintains a documented, consistent methodology for measuring risks. The risk metrics are embedded in Aegon’s key reports and are used for decision making. Risk response Aegon distinguishes the following risk responses, which are particularly relevant where risks are out of tolerance:

| • |     | Risk acceptance: The risk is accepted by management; |

| • |     | Risk control: The risk is reduced by reducing the exposure, by improving processes and existing controls or by introducing new controls; |

| • |     | Risk transfer: The risk is reduced by insuring the company against the risk or by outsourcing activities to third parties; or |

| • |     | Risk avoidance: Activities that are the source of the risk are terminated. |

Risk monitoring and reporting Risks are monitored regularly and reported internally on at least a quarterly basis. The impact of key financial, underwriting, and operational risk drivers on earnings and capital is shown in the quarterly risk dashboards for the various risk types, both separately and on an aggregate basis. Risk exposures are compared with the measures and indicators as defined by Aegon’s risk tolerance statements. Reporting also includes compliance and incident reporting. Finally, the main risks derived from Aegon’s strategy and day-to-daybusiness are discussed, as well as forward-looking points for attention. If necessary, mitigating actions are taken and documented. Risk control A system of effective controls is required to mitigate the risks identified. In Aegon’s ERM framework, risk control includes risk governance, risk policies, internal control framework, model validation,