Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 58

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 58
---
129 million). In addition, there is an amount of EUR 389 million relating to the netting of derivatives. |

Note 38 Fair value of Aegon’s 2024 Integrated Annual Report provides a detailed description of fair value valuation for all asset classes. D.2 The valuation basis, assumptions and methods used to derive the value of technical provisions Aegon has agreed with the BMA on a five year transition period until 2027, to transition to the new framework. During the transition period, the Group Solvency reporting will be broadly in line with previously existing Solvency II methodologies and aggregation approaches. For the EU and UK (re)insurance legal entities, the Solvency technical provisions are calculated taking into account the requirements of the local Solvency regime, which is Solvency II in the EU and UK Solvency II in the UK. EU and UK (re)insurance legal entities are included in the Group Solvency position through Accounting Consolidation. Non-EUand Non-UK(re)insurance legal entities are included in the Group Solvency position through Deduction & Aggregation in which only these entities’ Own Funds and Solvency requirements are consolidated. The related technical provisions for these entities are not explicitly consolidated for the Group Solvency balance sheet reporting.

| 45 |     | | Aegon Financial Condition Report 2024 |

| Solvency valuation  The valuation basis, assumptions and methods |

EU and UK (re)insurance legal entities The technical provisions consist of the Best Estimate Liability (BEL) and the Risk Margin (RM). The BEL is calculated using projection models and is the probability-weighted average of projected future cash-flows, taking account of the time value of money, using the relevant risk-free interest rate term structure, with Matching Adjustment (MA) or Volatility Adjustment (VA) where appropriate, prescribed by European Insurance and Occupational Pensions Authority (EIOPA) for the EU entities and matching those utilized within the UK sub-groupregulatory filing for the UK subsidiaries as agreed upon with the BMA. This liability valuation includes the projection of mortality, lapses, expenses, fund values, charges and other factors that impact future cash flows, based on best-estimate assumptions. In cases where the liabilities do not include material embedded options or guarantees, they are calculated deterministically. The liability for material embedded options or guarantees is calculated using stochastically generated economic scenarios. The MA is one of the long-term guarantee measures in the Solv