Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 19

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 19
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 means required to execute control is documented as part of the Board Regulations and Charters agreed with the Board of Directors of Aegon Ltd. Changes to the resources require approval from the control function. The necessary operational independence of the control functions is also documented as part of the Board Regulations and Charters agreed with the Board of Directors. Issues can be brought forward to the Board of Directors for resolution. B.3 Risk management and Solvency self-assessment B.3.1 A description of the insurance Group’s risk management process and procedures to effectively identify, measure, manage and report on risk exposures The Risk Management Function is defined in accordance with rule 8 of the Bermuda Insurance (Group Supervision) Rules 2011. Risk management system As an insurance group, Aegon manages risk for the benefit of its customers and other stakeholders. The Company is exposed to a range of financial, underwriting and operational risks. Aegon’s risk management and internal control systems are designed to ensure that these risks are managed effectively and efficiently in a way that is aligned with the Company’s strategy. For Aegon, risk management involves:

| • |     | Understanding risks that the company faces; |

| • |     | Maintaining a group-wide framework through which the risk-return trade-off associated with these risks can be assessed; |

| • |     | Maintaining risk tolerances and supporting policies to limit exposure to a particular risk or combination of risks; and |

| • |     | Monitoring risk exposures and actively maintaining oversight of the Company’s overall risk and solvency positions. |

This section provides a description of Aegon’s risk management framework. Enterprise Risk Management (ERM) framework Aegon’s ERM framework is designed and applied to identify risks that may affect Aegon and manage individual and aggregate risks within Aegon’s set risk tolerances. The ERM framework covers the ERM components as identified by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The ERM framework applies to all of Aegon’s businesses for which it has operational control. Risk strategy, risk appetite statement and risk tolerances The formulation of the risk strategy starts with the principle that taking a risk should be based on serving a customer’s need. The competence to manage the risk is assessed and Aegon’s risk preferences are formulated, considering Aegon’s risk capacity. The process results in a targeted risk profile, reflecting the risks Aegon wants to assume, and the risks Aegon