Company: AEGOF
Filing Date: 2025-08-21
Form Type: 6-K
Source: 0001193125-25-184596
Chunk: 8

Company: AEGON LTD.
Filing Date: 2025-08-21
Form: 6-K
Chunk 8
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 period, which is expected to recur going forward. Unfavorable claims experience variance was largely offset by the release of reserves of these onerous contracts. United Kingdom The operating result from the UK for the first half of 2025 was EUR 104 million, or GBP 88 million in local currency, compared to GBP 80 million in the prior year period. The operating result benefited from business growth and favorable markets which led to increased revenues, which were partly offset by reduced interest income on own cash. Furthermore, losses incurred in the prior year period relating to the Protection book have not repeated in the first half of 2025 following the sale of the business on July 1, 2024. International The operating result for the International segment increased by 10% to EUR 99 million in the first half of 2025. This was mainly driven by TLB, which benefited from a higher CSM release and less onerous contracts, partially offset by a lower net investment result as a result of a lower asset balance. In Spain & Portugal, the operating result benefited from business growth and improved claims experience. The operating result in Brazil remained stable, as the positive impacts from business growth were offset by unfavorable exchange rate movements. The operating result in China decreased, driven by lower interest rates. 14

Asset Management The operating result from Aegon Asset Management amounted to EUR 104 million in the first half of 2025, a decrease of 3%. Improved performance of Global Platforms was more than offset by a lower operating result in Strategic Partnerships. Global Platforms’ performance reflected strong business growth, favorable markets, and ongoing expense management. In Strategic Partnerships, the operating result decreased as the prior year period included a one-timeexpense benefit. There was a partial offset from a one-timerevenue benefit of EUR 9 million in the reporting period from AIFMC. LBP AM’s operating result remained stable. Holding The operating result from the Holding was a loss of EUR 89 million. The result from the Holding improved compared to the prior year period mainly reflecting a benefit resulting from an internal reinsurance transaction between Transamerica and TLB, offsetting a negative impact in the US. This benefit more than offset the impact of lower returns on Cash Capital at Holding due to a lower balance and lower short-term yields. Non-operatingitems and net result

| Aegon Ltd.                         |     | unaudited |
| Non-operating items and net result |     |           |

| EUR in millions