Aegon Ltd. Financial Condition Report 2025

This report details Aegon Ltd.'s financial condition for 2025, including business performance, governance, risk profile, solvency valuation, and capital management. The company is supervised by the Bermuda Monetary Authority (BMA) and has been designated an Internationally Active Insurance Group (IAIG). Aegon is transitioning its domicile and regulatory framework, with group supervision moving from the Dutch Central Bank to the BMA. The report covers Aegon's insurance and asset management operations, focusing on its core markets in the United States and the United Kingdom, and growth markets in Spain & Portugal, China, and Brazil. Key events in 2025 included rate increases for Long-Term Care in Transamerica, expansion of its dynamic hedge program, reinsurance of Secondary Guarantee Universal Life contracts, and significant share buyback programs. Aegon also sold its stake in a.s.r., resulting in a solvency ratio increase. The company's governance structure is overseen by a Board of Directors and managed by an Executive Committee, with various committees (Audit, Risk, Compensation, Nomination) in place. Aegon maintains compliance with minimum regulatory capital requirements, reporting a solvency ratio of 184% as of December 31, 2025.