Company: AEGOF
Filing Date: 2025-12-10
Form Type: 6-K
Source: 0001171843-25-007849
Chunk: 3

Company: AEGON LTD.
Filing Date: 2025-12-10
Form: 6-K
Chunk 3
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 million estimated for 2025 by more than 5% per annum until 2027.

In the UK, Aegon’s strategy to transform Aegon UK into a leading digital savings and retirement platform, as outlined in June
2024, continues to make good progress and the business remains a reliable and growing source of revenues for the Group. In the context
of our stronger focus on the U.S., Aegon will begin a strategic review of Aegon UK to assess the best way to accelerate and maximize value
for all stakeholders. In this review all options will be evaluated, including a potential divestment.

With respect to its International business, which includes growth markets in Spain & Portugal, Brazil, China, and Transamerica
Life Bermuda, Aegon will continue to invest in profitable growth. These businesses, primarily operated through partnerships, will continue
to upstream remittances and contribute to the Group’s operating results, building their growth on product innovation, customer service,
and expanding distribution.

a.s.r. shareholding
Aegon will remain a patient shareholder of a.s.r. and benefit from its progress, holding its stake
until the a.s.r. share price reflects its intrinsic value and/or until value-creating opportunities present themselves. As Aegon CEO Lard
Friese, who is currently a non-independent member of the supervisory board of a.s.r., will be fully focused on delivering on the ambitions
that Aegon has set out today, Aegon will nominate a new member of the supervisory board of a.s.r. Following the approval of the nominee
by all relevant stakeholders of a.s.r., Lard Friese will step down as non-independent member of its supervisory board.

Capital management implications
Under the new strategic ambition, Aegon’s approach to capital management will not
change. Aegon's operating companies will remain well capitalized and Cash Capital at Holding will be maintained around the mid-point of
the EUR 0.5 to 1.5 billion operating range. Excess capital will be returned to shareholders over time, unless it can be invested in value-creating
opportunities. To support shareholder returns and reach the targeted level of EUR 1.0 billion at the end of 2026, Aegon announces today
a new EUR 400 million share buyback program to be split evenly between the first and the second half of 2026. The share buyback program
will start at the beginning of January