Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 55

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 55
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 information security risk profile throughout the organization. This includes initiatives around Vulnerability Management, Privileged Access Management, Identity Access Management, Cloud Security, Network Segmentation, and Endpoint Detection and Response.

| 40 |     | | Aegon Financial Condition Report 2024 |

| Risk profile  The stress testing and sensitivity analysis to assess material risks |

C.4 Prudent person principle Under the prudent person principle, the Group only assumes investment risks that it can properly identify, measure, monitor and control, taking into consideration its capital needs and resources, short-term and long-term sources and uses of funding liquidity, policyholder obligations and the protection of the interests of policyholders and beneficiaries. The prudent person principle has been embedded into Aegon’s system of governance, and is applicable for Underwriting risk, Market risk and Credit risk. In accordance with the Investment and Counterparty Risk policy, the business unit is required to explain how the prudent person principle requirements are met. The risks on the investment side are presented in Risk Reporting analysis with more detailed reporting performed by Aegon Asset Management. Aegon’s Risk Appetite Framework is in place to ensure that the assets held are appropriate to the nature of the liabilities without taking on excessive risks:

| • |     | Risk indicator levels are measured by gross Economic Required Capital. ERC Risk limit indicators for market and financial risks are set and form part of the Aegon Risk Appetite Framework; |

| • |     | The Investment and Counterparty Risk Policy establishes the prudent person principle requirements; |

| • |     | Concentration in exposures is avoided by testing adverse plausible scenarios in the Budget/MTP process and by setting single counterparty limits in the Group Credit Name Limit Policy. This is supplemented with the Focus 
 List that provides a more proactive process to monitor and control concentration in exposures;                                                                                                                              |

| • |     | The requirements related to use of derivatives can be found in the Derivative Use Policy. This policy ensures that a consistent standard of responsible derivative usage is in place across the Aegon Group. In addition, 
 the consolidated reporting of derivative positions provides transparency to derivative usage as well as a demonstration of controls;                                                                                      |

| • |     | The Securities Lending and Repo Policy ensures a consistent standard for Securities Lending and Repurchase (Repo) programs within the Aegon Group. This Policy sets out the minimum required processes and documentation 
 standards that must be in place for any unit to trade these instruments; and                                                                                                                                             |

| • |