Aegon Ltd. Files 6-K Report

TL;DR

Aegon Ltd. filed a 6-K, check their latest press release for news.

AI Summary

Aegon Ltd. filed a Form 6-K on May 16, 2024, incorporating a press release dated May 16, 2024. The filing includes information about the company's statutory seat in Bermuda and its principal place of business in The Hague, Netherlands. J.H.P.M. van Rossum signed the report on behalf of Aegon Ltd.

Why It Matters

This filing provides an update on Aegon Ltd.'s corporate information and incorporates a recent press release, which may contain material business developments.

Risk Assessment

Risk Level: low — This filing is primarily a procedural report incorporating a press release and does not appear to contain significant new financial or operational risks.

Key Players & Entities

• Aegon Ltd. (company) — Registrant
• May 16, 2024 (date) — Filing date and press release date
• J.H.P.M van Rossum (person) — Signatory for Aegon Ltd.

FAQ

Filing Documents

• d841037d6k.htm (6-K) — 278KB
• g841037dsp002.jpg (GRAPHIC) — 3KB
• 0001193125-24-139947.txt ( ) — 284KB

From the Filing

6-K Securities and Exchange Commission Washington, D.C. 20549 Form 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d/16 of the Securities Exchange Act of 1934 May 2024 Aegon Ltd. Aegon Limited An exempted company with liability limited by shares www.aegon.com Statutory seat Canons Court 22 Victoria Street Hamilton HM 12 Bermuda Principle place of business Aegonplein 50 2591 TV The Hague The Netherlands Bermuda Registrar of Companies number: 202302830 (September 30, 2023) Dutch Chamber of Commerce number: 27076669 Aegon Limited is a non-resident company under the Dutch Act Non Residential Companies Aegons press release, dated May 16, 2024, is included as appendix and incorporated herein by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Aegon Ltd. (Registrant) Date: May 16, 2024 By /s/ J.H.P.M van Rossum J.H.P.M van Rossum Executive Vice President and Head of Corporate Financial Center May 16, 2024 1Q24 trading update Aegon trading update for first quarter 2024 EUR 256 million operating capital generation before holding funding and operating expenses, on track to achieve guidance of around EUR 1.1 billion for 2024 Capital ratios remain robust, above their respective operating levels Cash Capital at Holding remains strong at EUR 2.0 billion, reflecting 85% completion of the ongoing EUR 1.535 billion share buyback program Planned new EUR 200 million share buyback program announced, expected to be completed by the end of 2024 Reporting structure of US business amended to better reflect the US strategy as set out at the June 2023 Capital Markets Day Continued strong sales growth in US Strategic Assets, UK Workplace businesses and Brazilian life insurance business. Positive third-party net flows at Asset Management business. UK Retail business continues to be affected by challenging market conditions Lard Friese, Aegon CEO, commented: The beginning of the year was marked by continued positive commercial momentum in the US and Brazil, as well as net inflows at our asset manager, and was underscored by solid operating capital generation of EUR 256 million, as well as healthy capital ratios in our main operating units. In the US, we continued to execute upon our strategy to transform Transamerica into Americas leading middle market life insurance and retirement company. Individual Life generated new life sales of USD 119 million, an increase of 5% compared with the same period in 2023. World Financial Groups (WFG) sales force grew by 13% to almost 76,000 licensed agents, driven by continued successful recruiting and training efforts. Retirement Plans reported net deposits of USD 1.0 billion, driven by the middle market. We also continued to execute the management actions we announced last year to reduce our exposure to Financial Assets, including the repurchase of institutionally owned universal life policies and the premium rate increase program in long-term care. Our joint venture in Brazil, Mongeral Aegon Group, continued its strong performance, with life sales increasing by 22% to EUR 28 million. Our UK Workplace segment saw continued high levels of inflows due to the onboarding of new schemes and net deposits from existing participants, despite being negatively impacted by the loss of a low margin scheme. Performance at the UKs Retail segment continued to be impacted by reduced customer activity due to the current macro-economic environment, as well as an industry-wide reduction of transfers from defined benefit to defined contribution pension schemes. In our asset management business, both Global Platforms and Strategic Partnerships saw net inflows. Global Platforms third party reported net inflows of EUR 2.6 billion, mostly driven by fixed income in the UK. Strategic Partnerships saw net inflows of EUR 2.1 billion, driven by Aegons Chinese asset management joint venture. Today, we announce a planned new share buyback program of EUR 200 million. We expect the new program to start at the beginning of July 2024, and to complete it by the end of 2024. These results represent a good start to the year as we continue to work hard to transform our company and deliver upon our 2025 financial targets. I look forward to providing you with an update on our plans to drive growth in our UK business at our teach-in on June 25. Please note that all comparisons are versus the first quarter of 2023 unless stated otherwise. Contact details and dial-in information can be found at the end of this press release, on page 16. May 16, 2024 1Q24 trading update Strategy Aegon is an international financial services holding company. Aegons ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegons portfolio of business

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View this 6-K filing on SEC EDGAR