Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 24

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 24
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 general, the objective of the Risk function is to support the CEO, Executive Committee, Board of Directors, and business unit boards in ensuring that the company reviews, assesses, understands, and manages its risk profile. Through oversight, the Risk function ensures the company-wide risk profile is managed in line with Aegon’s risk tolerances, and stakeholder expectations are managed under both normal business conditions and adverse conditions caused by unforeseen negative events. The following roles are important in order to realize the objective of the Risk function:

| • |     | Advising on risk-related matters including risk tolerance, risk governance, risk methodology, and risk policies; |

| • |     | Supporting and facilitating the development, incorporation, maintenance, and embedding of the ERM framework and sound practices; and |

| • |     | Monitoring and challenging the implementation and effectiveness of ERM practices. |

B.3.3 A description of the relationship between the Solvency self-assessment, Solvency needs, and capital and risk management systems of the insurance Group Aegon’s Group Solvency Self-Assessment (GSSA) process has a primary purpose of providing a holistic, inter-connected view of our business strategy, the risks to which the business is exposed and our capital levels. It assesses the financial security of the business given the risks we run. The Aegon GSSA process includes the following elements:

| • |     | Budget/MTP: is a group-wide strategy and Budget setting process which forms the basis of the forward looking assessment of the business strategy, associated risks and the capital position. In addition to a best estimate 
 ‘base’ scenario, the exercise also projects adverse scenarios to test the robustness of its strategic planning. The scenarios are analyzed using the risk tolerance statements and the Capital Management policy.           |

| • |     | Risk Reporting Dashboard: Aegon produces a comprehensive set of risk reports to measure, monitor and manage the risks in the business. The reports show the impact of key market or financial risks and underwriting risk                           
 drivers on earnings and capital generation for the various risk types. Furthermore, it contains analyses for non-financial risk and the impact of operational risk events at the regional and aggregated levels.                                    
 An important part of the risk reporting process is compliance testing. Risk exposures for various risk types and tolerance measures are compared to the indicators / target levels as defined by Aegon’s Global Risk Appetite Framework. Group Risk 
 produces a risk dashboard on at least on a quarterly basis. However