Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 23

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 23
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 of new risk policies. The CEO and Executive Committee are supported by the Group Risk & Capital Committee (GRCC). The GRCC is Aegon’s most senior risk committee. It is responsible for managing Aegon’s balance sheet at the global level, and is in charge of risk oversight, risk monitoring, and risk management-related decisions on behalf of the CEO and in line with its charter. The GRCC ensures risk-taking is within Aegon’s risk tolerances, that the capital position is adequate to support financial strength and regulatory requirements, and that capital is properly allocated. The GRCC informs the CEO about any identified (near) breaches of overall tolerance levels which threaten the risk balance, as well as any potential threats to the company’s solvency, liquidity, or operations. The GRCC has three sub-committees:the ERM framework, Accounting and Actuarial Committee (ERMAAC), the Non-FinancialRisk Committee (NFRC) and the Model Validation Committee (MVC). The purpose of the ERMAAC is to assist the GRCC, CEO, and Executive Committee with financial risk framework setting and maintenance across all group level balance sheet bases, including policies, standards, guidelines, methodologies, and assumptions. The purpose of the NFRC is to assist the GRCC, CEO, and Executive Committee with non-financialrisk framework setting and maintenance, including policies, standards, guidelines, and methodologies, and to act as formal discussion and exchange of information platform on matters of concern regarding non-financialrisk management. The MVC is responsible for approving all model validation reports across Aegon. This is an independent committee that reports to the GRCC and the CEO to provide information on model integrity and recommendations on how to further strengthen these models. Aegon’s business units have a Risk, or Risk and Capital committee, and an Audit committee. The responsibilities and prerogatives of the committees are aligned with those of the company-level committees and further elaborated in their respective charters, which are tailored to local circumstances. In addition to the four layers described above, Aegon has an established group-wide Risk function. It is the mission of the Risk function to ensure the continuity of the company by safeguarding the value of existing business, protecting Aegon’s balance sheet and reputation, and supporting the creation of sustainable value for all stakeholders.

| 21 |     | | Aegon Financial Condition Report 2024 |

| Governance structure  Risk management and Solvency self-assessment |

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