Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 20

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 20
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 would like to avoid or mitigate. Aegon’s risk appetite statement and risk tolerances are established to assist management in carrying out Aegon’s strategy within the boundaries of the resources available to Aegon. Aegon’s risk appetite statement is to: “Fulfill our promises towards our customers and other stakeholders by delivering sustainable and growing long-term free cash flow through strong resilience in solvency and liquidity, with a healthy balance in exposures, and by running a responsible business with effective controls.” Following from the risk appetite statement, risk tolerances are defined on:

| • |     | Solvency, including Cash Capital at Holding and capital generation, to ensure that Aegon remains solvent even under adverse scenarios; |

| • |     | Liquidity, to ensure that Aegon has sufficient liquidity even under extreme scenarios; |

| • |     | Risk balance, to ensure a healthy balance of risk exposures; and |

| • |     | Responsible business with effective controls, which acknowledges an acceptable level of operational risk and stresses a low tolerance for (lack of) actions that could lead to material adverse risk events that result in 
 breaking promises or not meeting reasonable expectations of customers, legal and regulatory breaches, reputational damage, financial detriment or financial misstatement.                                                  |

| 19 |     | | Aegon Financial Condition Report 2024 |

| Governance structure  Risk management and Solvency self-assessment |

The tolerances are further developed into measures, thresholds and indicators that have to be complied with to remain within the tolerances. Risk universe Aegon’s risk universe is structured to reflect the type of risks to which the company is exposed. The identified risk categories are financial risk, underwriting risk, and operational risk. Specific risk types are identified within these risk categories. These risks, internal or external, may affect the company’s operations, earnings, share price, value of its investments, or the sale of certain products and services. In the context of Aegon’s risk strategy, a risk appetite is set for the three identified risk categories (see table below).

| Risk category |     | Description                                                                                                                                                           |     | Appetite                                                                                          |
| Underwriting  |     | The risk of incurring losses when actual experience deviates from Aegon’s best estimate assumptions on mortality, longevity, morbidity, policyholder behavior, P&C    
 claims and expenses used to price products and establish technical provisions.                                                                                        |     | Medium to high - Underwriting risk is A