Company: AEGOF
Filing Date: 2025-11-13
Form Type: 6-K
Source: 0001193125-25-279367
Chunk: 1

Company: AEGON LTD.
Filing Date: 2025-11-13
Form: 6-K
Chunk 1
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 | ) |     |  (1,503 | ) |     |        (4 | ) |
| Net deposits Fixed Annuities (excluding              
 SPGAs)                                               |     |       |     |    (343 | ) |     |    (319 | ) |     |        (8 | ) |
| Variable Annuities dynamic hedge effectiveness ratio 
 (%)                                                  |     |     3 |     |      99 | % |     |      99 | % |     |         - |   |
| Net face amount Universal Life                       |     |       |     |  44,174 |   |     |  48,089 |   |     |        (8 | ) |
| LTC actual to expected claim ratio (%) (IFRS         
 based)                                               |     |       |     |      97 | % |     |     104 | % |     |        (6 | ) |
| NPV of LTC rate                                      
 increases approved since end 2022                    |     |       |     |     822 |   |     |     457 |   |     |        80 |   |

On September 30, 2025, Financial Assets had USD 3.0 billion of capital employed, a decrease of USD 0.3 billion compared with USD 3.3 billion capital employed at the end of the second quarter of 2025. The decrease was driven by favorable equity markets and by the previously announced expansion of the dynamic hedge program for Variable Annuities. During the third quarter of 2025, the variable annuity hedge program continued its strong track record of managing the financial market risks embedded in the guarantees. Net outflows in Variable Annuities were in line with previous quarters and within expectations, reflecting limited new business and the run-offof the book. Fixed Annuities net outflows were seasonally elevated in the third quarter, partly due to higher mortality-related decrement rates compared with the prior year period. The net face value of the legacy Universal Life portfolio decreased due to the run-offof the book and Transamerica’s program to purchase institutionally owned policies. The total value of premium rate increases approved by state regulators for Long-Term Care increased to USD 822 million, which now exceeds the target of USD 700 million set at the beginning of 2023. Transamerica will continue to pursue further actuarially justified premium rate increases. Claims experience in Long-Term Care continues to track in line with assumptions. Financial