Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 71

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 71
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  Eligible Capital |

Scottish Equitable Plc (SE Plc) The Solvency II ratio for Scottish Equitable Plc decreased from 187% on December 31, 2023, to 186% on December 31, 2024, and remained above the operating level of 150%. The capital ratio remained stable over the year, where operating capital generation and positive impacts from markets, almost offset the negative impacts from one-timeitems and remittances. Improving risk-return profile Aegon has an active global reinsurance program designed to optimize the risk-return profile of insurance risks. In addition, Aegon monitors the risk-return profile of new business written, withdrawing products that do not create value for its stakeholders. Aegon continues to take measures to improve its risk-return profile. Particularly in the United States, several actions were taken to strengthen the capital position and reduce the volatility of the local capital positions. Management actions US As announced during the June 2023 Capital Markets Day, Transamerica aims to improve the quantum and quality of its capital generation, while reducing its exposure to Financial Assets. During 2024, Transamerica has made good progress in implementing its plans. During 2024 the following management actions related to the Financial Asset portfolio were executed:

| • |     | Actuarially justified rate increases in Long-Term Care with a total value of approvals achieved since the beginning of 2023 amounts to USD 571 million, which is 82% of the USD 700 million target set at the 
 2023 CMD.                                                                                                                                                                                                     |

| • |     | During the year, Transamerica achieved its target to purchase at least 40% of the USD 7 billion face value of institutionally owned universal life policies that were inforce at the end of 2021, locking in claims                                 
 cost and reducing the mortality risk of the overall portfolio. The program achieved the targeted investment hurdles and concluded three years ahead of plan. Though the program has successfully concluded, funding remains available for potential 
 additional purchases if these are economically favorable for Aegon.                                                                                                                                                                                 |

Cash Capital at Holding and liquidity management Liquidity management is a fundamental building block of Aegon’s overall financial planning and capital allocation processes. Liquidity is managed both centrally and at the operating unit level and is coordinated centrally at Aegon Ltd. The ability of the holding company to meet its cash obligations depends on the amount of liquid assets on its balance sheet and on the ability of the