Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 52

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 52
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 the quarterly monitoring process are intended to ensure that Aegon limits its exposure to a single risk type. The risk of concentration to an individual counterparty is covered by the CNLP. The CNLP covers all asset classes such as equity, credit, cash and derivatives. The Prudent Person principle applies in this context as well. This principle is built into the Investment & Counterparty Risk Policy, and all country units are expected to comply with this principle or explain the reason for being non-compliant. For information regarding quantitative details related to Aegon’s market and credit risk concentrations, see Note 4 Financial Risks, for credit risk concentration on pages 153 - 155, and equity market risk and other investments risk on pages 167 - 168 of Aegon’s 2024 Integrated Annual Report . Credit risk The general account portfolios of Aegon business units are well-diversified with high credit quality exposures spread across a range of industry sectors. Aegon operates a Credit Name Limit Policy under which limits are placed on the aggregate exposure that it has to any one counterparty. Limits are placed on the exposure at both group level and individual country units. The limits also vary by a rating system, which is a composite of the main rating agencies (S&P, Moody’s and Fitch) and Aegon’s internal rating of the counterparty. If an exposure exceeds the stated limit, then the exposure must be reduced to the limit for the country unit and rating category as soon as possible. Exceptions to these limits can only be made after explicit approval from Aegon’s GRCC. The policy is reviewed regularly. At December 31, 2024, there were no violations of the Credit Name Limit Policy at Group level (2023: none). Aegon had large government exposures, the largest being to the United States. Highly rated government bonds and government exposure domestically issued and owned in local currency are excluded from the Credit Name Limit Policy. For Aegon Group, the long-term counterparty exposure limits as at December 31, 2024, are as follows:

| Group limits per credit rating |     |      |     |      |
| Amounts in EUR million         |     | 2024 |     | 2023 |
| AAA                            |     |  900 |     |  900 |
| AA                             |     |  900 |     |  900 |
| A                              |     |  675 |     |  675 |
| BBB                            |