AEG

Interested in Aegon NV? Here are five stocks we like better. Aegon reported stronger first-half 2026 performance: Operating results rose 9% to EUR 804 million, operating capital generation increased 27% to EUR 416 million, and free cash flow reached EUR 392 million. The company raised planned second-half share repurchases by EUR 150 million to EUR 350 million and increased its interim dividend 11% to EUR 0.21 per share. U.S. business growth was the main driver: Transamerica benefited from strong sales, including a 54% increase in individual life sales and a 12% rise in annuity sales, supported by digitally enabled underwriting. Aegon accepted higher new-business strain while citing attractive expected returns. Capital remained solid while the U.S. relocation proceeds: The group solvency ratio was 169% and the U.S. risk-based capital ratio was 420%, above its 400% operating target. Aegon’s move of its legal seat and future headquarters to the United States remains on schedule, with shareholder approval targeted for October 8 and completion expected in early 2028. Aegon (NYSE:AEG) reported higher operating results, capital generation and free cash flow for the first half of 2026, citing commercial momentum across its U.S. businesses, favorable financial markets and improved claims experience. Chief Executive Officer Lard Friese said operating results rose to 804 million, while operating capital generation increased to 416 million. Free cash flow totaled EUR 392 million, helping lift holding-company cash capital to EUR 1.7 billion. → Datavault AI Locks Down CyberCatch in $94M Security Rollup The insurer increased its planned second-half share repurchases by EUR 150 million to EUR 350 million and declared an interim dividend of EUR 0.21 per share, up 11% from a year earlier. Friese said Transamerica maintained strong commercial momentum during the period. World Financial Group surpassed 100,000 licensed agents, with more agents producing business and average premiums per policy rising. Life sales at the distribution business increased 5% year over year, while annuity sales grew 12%. → Michael Burry Is Betting Against Palantir Again—Should Investors Care? Individual life sales increased 54% in the first half. Friese attributed much of that growth to digitally enabled, instant-decision underwriting processes introduced for final-expense, indexed universal life and universal life products. He said the process reduced the time to complete paperwork and finalize a policy from several weeks to less than 12 minutes. Chief Financial Officer Duncan Russell said the simplified-issue product is generating an internal rate of return above 12% and has an estimated payback period of about eight years on a fully cost-loaded basis. → Home Depot Analysts See a Path to $375 and Beyond In retirement plans, written sales remained strong, particularly in pooled plans. However, net deposits were negative because of a single contract termination following a client merger. Asset growth in IRA and stable-value products supported revenue diversification and raised return on assets to 10 basis points in the first half, Friese said. International new life sales were broadly stable. Growth in Brazil, driven by demand for individual risk products, was offset by lower sales in China after product repricing. Russell said operating results increased 9% from the prior-year period to 804 million, with higher results across the company’s units. Transamerica’s operating result was $756 million, up 14% in local currency after adjusting for the transfer of Transamerica Asset Management to Aegon Asset Management. Transamerica benefited from higher distribution commissions, increased fees on assets under administration, expansion in stable-value margins and portfolio growth that supported contractual service margin release, Russell said. Financial assets also experienced materially more favorable variances than in the first half of 2025. Aegon Asset Management posted third-party net inflows in its global platforms and strategic partnerships businesses. Its global platforms operating margin rose five percentage points to 20%, supported by lower expenses, higher revenues, favorable market movements and net inflows over the prior 12 months. Net income was EUR 608 million, broadly in line with the prior year. The company released expected credit loss reserves after mortgage loans related to the Transamerica Pyramid complex in San Francisco were fully repaid, eliminating what Russell called a concentrated exposure in its commercial mortgage loan portfolio. The company’s annual model and assumption review had a EUR 231 million after-tax impact on valuation equity. Russell said the predominant driver was updated assumptions on policyholder behavior, including variable annuity lapse and utilization assumptions and premium-payment behavior in life insurance products. Operating capital generation rose 27% year over year. Growth in new life sales increased new-business strain, but Aegon offset part of that impact by repositioning certain savings and investments portfolios to a Bermuda subsidiary, improving capital efficiency, and by releasing EUR 43 million of required capital tied to the Pyramid mortgage repayment. Russell said the company would continue to use available tools to manage capital generation if elevated sales volumes persist, including accelerating earnings on in-force portfolios. He added that Aegon has accepted higher new-business strain because it expects attractive returns from the sales growth. Aegon’s group solvency ratio stood at 169% at June 30, down from year-end 2025 primarily because perpetual cumulative subordinated bonds lost capital eligibility, according to Russell. The U.S. risk-based capital ratio declined four percentage points to 420%, which remained above the company’s 400% operating level. Russell said market movements reduced the U.S. RBC ratio by 12 percentage points, reflecting factors not fully captured by the company’s single-shock sensitivity approach, including lagging private-equity performance, energy-related assets, fund basis risk and cross-asset effects in the variable annuities book. The company remains committed to ending 2026 with roughly EUR 1 billion of holding-company cash capital. Aegon said proceeds from the planned sale of Aegon UK are still expected to be used for a combination of share repurchases and debt reduction. Friese said Aegon’s planned relocation to the United States remains on schedule and within budget. The company has booked about 40% of the EUR 350 million in anticipated transition expenses. Shareholders are expected to vote on the relocation, governance amendments and a new omnibus equity plan at an extraordinary general meeting targeted for Oct. 8. Aegon selected New York City as the location of its future head office. Friese said he plans to relocate there in January 2027, while Will Fuller will become Aegon’s president and chief operating officer in January 2027 in addition to remaining chief executive of Transamerica. The holding company is expected to adopt the Transamerica name when its legal seat moves to the U.S., which Friese said is expected in early 2028. The company also announced that Russell will not relocate to the U.S. for personal reasons. Friese said Aegon has begun searching for a successor CFO, while Russell will remain through the transition, including the U.S. move, U.S. GAAP implementation and completion of the 2026 annual accounts. Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients. Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Aegon H1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aegon Ltd (NYSE:AEG) delivered strong commercial growth with operating results up 9% to EUR804 million, supported by favorable financial markets. Transamerica's new life sales surged 54% in H1 2026, driven by successful instant decision products and strong World Financial Group agent growth. Operating capital generation increased 27% year-over-year to EUR416 million, reflecting business growth and improved claims experience. Cash capital at holding reached EUR1.7 billion, enabling an increased share buyback program of EUR350 million for H2 2026 and an 11% higher interim dividend. The company is making decisive progress on its U.S. relocation, with key milestones like the EGM targeted for October 8 and U.S. GAAP dry runs on track. For the first time, new business CSM additions in the U.S. exceeded releases, indicating structurally increasing future profits. Asset Management's global platforms operating margin improved to 20%, driven by lower expenses and higher revenues. Aegon Ltd (NYSE:AEG) faced a negative impact from annual model and assumption updates, primarily due to policyholder behavior changes, reducing valuation equity by EUR231 million net of tax. The U.S. RBC ratio decreased to 420%, with market movements having a 12 percentage point unfavorable impact, more negative than implied by sensitivities. Net deposits in retirement plans were negative, largely due to a single contract termination following a client merger. Operating capital generation in the international segment decreased, impacted by adverse new business in China and unfavorable claims from storms in Spain and Portugal. The CFO, Duncan Russell, will step down as he decided not to relocate to the U.S., creating leadership transition uncertainty. New business strain increased significantly due to higher life sales, requiring management to use capital efficiency measures like portfolio repositioning to offset it. The group solvency ratio decreased to 169% due to the loss of capital eligibility of perpetual subordinated bonds. Warning! GuruFocus has detected 9 Warning Sign with PZAKY. Is AEG fairly valued? Test your thesis with our free DCF calculator. Q: Can you explain the assumption changes made below the line and what was different from expected?A: Duncan Russell (CFO) explained that the annual assumption review in Q2 addressed negative variances related to policyholder behavior seen during 2025. The updates primarily focused on two areas: variable annuity behavior at certain moneyness levels (lapses for out-of-the-money VA products or utilization for in-the-money ones) and the efficiency of premium paying on life insurance products. The changes had a $164 million negative impact on the RBC ratio and were made to improve the quality of earnings and ensure the balance sheet remains strong. Q: What is driving the remarkable growth in individual life sales, and what are the IRRs and payback periods on those new sales?A: Lars Frieser (CEO) attributed the growth to the launch of digitally enabled instant issue processes for final expense and Index Universal Life products, reducing policy decision time from weeks to under 12 minutes. Duncan Russell (CFO) added that these simplified issue products are earning an IRR of over 12% with a payback period of around eight years on a fully cost-loaded basis, making the returns attractive. Q: Can you explain the repositioning of savings and investment portfolios and how that can be a tool for the future?A: Duncan Russell (CFO) explained that the commercial strength of Transamerica is driving new business strain, which is a negative from a capital perspective. To manage this and bridge the period of investing in new business, the company repositioned certain savings and investments portfolios from an RBC-regulated entity to a Bermuda subsidiary to improve capital efficiency and support OCG. This is a tool they will continue to use if strain remains high, as they have plenty of flexibility in the balance sheet. Q: On the financial assets, the locked-in capital has reduced. Does the runoff get you to the $2.2 billion target, or do you need more transactions?A: Duncan Russell (CFO) noted that capital employed in financial assets came down to $2.4 billion from $2.7 billion at year-end, close to the $2.1 billion target. About a third of the improvement was driven by favorable market impacts on variable annuities, with the rest from run-off and asset allocation choices. The company will continue to look at unilateral, bilateral, and transaction options to reduce the portfolio, and with the gap now small, they feel confident in hitting the target. Q: How much more buffers do you have to release to offset the new business growth and strain?A: Duncan Russell (CFO) stated that the financial position of Transamerica has dramatically improved over recent years, providing significant flexibility in the balance sheet. The first half saw an acceleration of new business strain, but the returns on that invested capital are expected to be attractive, leading to structurally higher earnings on in-force over time. If strain remains high, they will continue to use mechanisms like the Bermuda transfer to fund it. Q: Can you provide an update on the number of multi-ticket agents at WFG and retirement plan balances?A: Duncan Russell (CFO) said the company no longer discloses the multi-ticket metric but has grown the agent base to over 100,000 licensed agents, targeting around 110,000 by 2027. On retirement plan balances, he offered to provide the details offline. Q: You've hedged base fees by 20% on the VA block. Would you look to lock in good returns given equity markets have done well?A: Duncan Russell (CFO) confirmed they've hedged about 25% of base fees and could consider doing more given attractive market levels. However, the main constraint is the floored reserve issue, which creates a natural self-hedge as equity markets rise. Floored reserves were just under $500 million at the end of the first half, providing a high level of prudence. Q: Can you bridge the OCG for the second half and explain the pluses and minuses?A: Duncan Russell (CFO) declined to provide a half-year breakdown, reiterating the multi-year guidance from the Capital Markets Day. He noted that financial markets were helpful, the assumption update will be a small drag, and new business strain will likely remain elevated in the second half due to strong life sales. Q: What is the reasoning for accelerating the shift towards the aggregation approach on group solvency, and what are the consequences?A: Duncan Russell (CFO) explained that the acceleration was driven by the desire to simplify calculations and reporting, reducing operational complexity as the group transitions to the US and implements US GAAP. There is no change in the outcome of the ratio other than a positive impact on the UK, which is now expected to be around plus 10 points versus the previously guided minus 5 points. Q: Where are you on long-term care, which is still the biggest chunk of capital locked up in financial assets?A: Duncan Russell (CFO) noted that long-term care required capital is just under 50% of total required capital in financial assets, with reserves peaking in the early 2030s. The company continues its strategy of implementing actuarially justified premium rate increases and looking at other options. Recent market transactions show counterparties are getting comfortable with standalone LTC, which the company will assess on an economic basis. Q: How confident are you that the mortality risk on the instant decision products is properly covered?A: Duncan Russell (CFO) reassured that pricing and returns on new business are fundamental to Aegon, with an IRR of around 12% and payback of nine years. The company receives rapid feedback on policyholder behavior, lapses, and claims, allowing adjustments. There is no relaxation in underwriting standards, and they are utilizing additional information to price risk. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Please click here to access all 1H2026 results related documents 1H 2026 Financial highlights Net result of EUR 608 million, compared with EUR 606 million in the first half of 2025 Operating result of EUR 804 million, up 9% compared with the first half of 2025, reflecting strong commercial momentum and favorable financial markets Valuation equity – the sum of shareholders’ equity and the contractual service margin (CSM) after estimated tax adjustment – per share of EUR 9.42; an increase of 4% in the reporting period, driven by healthy business growth whilst returning a significant amount of capital to shareholders On track to meet or exceed all Group financial ambitions for 2026 1H 2026 Capital highlights Operating capital generation (OCG) after holding funding and operating expenses increases by 27% to EUR 416 million compared with the first half of 2025 Free cash flow of EUR 392 million, compared with EUR 442 million for the first half of 2025, as Aegon UK remittance is now excluded Capital ratios of Aegon’s main units remain strong, above their respective operating levels Cash Capital at Holding of EUR 1.7 billion remains above the operating range Ongoing second-half 2026 share buyback program increased by EUR 150 million, to a total of EUR 350 million, consistent with the objective to reduce Cash Capital at Holding to around EUR 1.0 billion by year-end 2026 2026 interim dividend of EUR 0.21 per common share, an increase of 11% compared with 2025 interim dividend Lard Friese, Aegon CEO, commented: Schiphol, August 20, 2026 - “In the first half of 2026, we continued to grow our businesses, delivered robust financial results and progressed at pace with our planned relocation to the US. These results demonstrate our strategy is gaining momentum and reinforce our confidence in the ambitions outlined at our 2025 Capital Markets Day. Transamerica delivered strong commercial growth compared with the prior year period. Individual Life sales grew by 54%, fueled by growth in the instant decision market. We further expanded our distribution capabilities, with World Financial Group now exceeding 100,000 agents, and we maintained good commercial momentum in Retirement Plans written sales. Aegon Asset Management benefited from third-party net flows and positive market developments, and our International businesses continued to grow, led by Brazil. We made significant progress in preparing for our future in the US. We selected New York City as the future location of our head office and announced changes to our leadership team. We reached an agreement with Vereniging Aegon, our largest shareholder, on its future relationship with our company and a proposed US-aligned governance framework. As previously announced, and in the context of our increased US focus, we also announced the sale of Aegon UK to Standard Life. Finally, we target an Extraordinary General Meeting on October 8, 2026, to seek shareholder approval for the domiciliation to the US. In the first half of 2026, operating result increased by 9% to EUR 804 million and operating capital generation grew by 27% to EUR 416 million, enabling EUR 392 million in free cash flow. We also conducted our annual assumptions review, mostly to adjust for changing policyholder behavior observed in recent periods. Our performance in the first half reflects the dedication of our people, the momentum in our strategy, and our disciplined capital management. We are announcing an interim dividend of 21 eurocents per share, up 11% versus the prior year period. Supported by our strong capital position and confidence in the outlook for our businesses, we are also increasing our recently announced share buyback program by EUR 150 million to EUR 350 million. Our businesses are well capitalized and we are on track to meet or exceed our Group financial ambitions for 2026.” Additional information PresentationThe conference call presentation is available on aegon.com as of 7:00 am CEST. SupplementsAegon’s first half 2026 Financial Supplement and other supplementary documents are available on aegon.com. Webcast and conference call including Q&A The webcast and conference call start at 2:00 pm CEST. The audio webcast can be followed on aegon.com. To join the conference call and/or participate in the Q&A, you will need to register via the following link. Directly after registration, you will see your personal pin on the confirmation screen, and you will also receive an email with the call details and your personal pin to enter the conference call. The link becomes active 15 minutes prior to the scheduled start time. To avoid any unforeseen connection issues, it is recommended to make use of the “Call me” option. Approximately two hours after the conference call, a replay will be available on aegon.com. Dial-in numbers for conference call:United States: +1 864 991 4103 (local) United Kingdom: +44 808 175 1536 (toll-free) The Netherlands: +31 800 745 8377 (toll-free); or +31 970 102 86838 (toll) Financial calendar Extraordinary General Meeting – October 8, 2026Second half 2026 results – February 18, 2027First half 2027 results – August 19, 2027 About AegonAegon is an international financial services holding company with the ambition to become a leading US life insurance, annuity, and retirement group with international insurance and asset management subsidiaries. Aegon’s portfolio of businesses includes fully-owned businesses in the United States and Bermuda, and a global asset manager. Via insurance joint ventures in Spain & Portugal, China, and Brazil, and asset management partnerships in France and China, Aegon combines its international expertise with strong local partners. In addition, it holds a shareholding in a leading Dutch insurance and pensions company and, following completion of the announced sale of Aegon UK which is expected around the end of 2026, will retain a minority shareholding in a leading UK long-term savings and retirement business. Aegon’s purpose of helping people live their best lives runs through all its activities. As a global investor and employer, Aegon recognizes its responsibility to address issues that affect the environment and society. The company is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com. Contacts Important Information for Investors and Securityholders This communication is not intended to and does not constitute an offer to sell, buy, or exchange or the solicitation of an offer to sell, buy, or exchange any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, purchase, or exchange of securities or solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the proposed corporate reorganization that includes, among other things, the domestication and continuation of Aegon as a Delaware corporation (the “Redomiciliation”), Aegon will file a registration statement on a Form F-4, which includes a U.S. Shareholder Circular (the “Proxy Statement/Prospectus”), with the U.S. Securities and Exchange Commission (the “SEC”). Aegon plans to mail the definitive Proxy Statement/Prospectus to its shareholders in connection with the proposed Redomiciliation ahead of calling an extraordinary general meeting of shareholders contemplated in Q4 2026. INVESTORS AND SECURITYHOLDERS OF AEGON ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AEGON, ITS PROPOSED REDOMICILIATION AND RELATED MATTERS. Investors and securityholders will be able to obtain free copies of the definitive Proxy Statement/Prospectus (when available) and other documents filed with the SEC by Aegon through the website maintained by the SEC at www.sec.gov. In addition, investors and securityholders will be able to obtain free copies of the documents filed with the SEC on Aegon’s website at www.aegon.com or by contacting Aegon’s Investor Relations, World Trade Center, Schiphol Boulevard 223,1118 BH Schiphol, The Netherlands, Tel: + 3120-259-2500, E-mail: [email protected]. Participants in the SolicitationAegon, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Aegon’s securityholders in respect of the proposed transactions under the rules of the SEC. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of Aegon’s securityholders. in connection with the proposed Redomiciliation, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the Proxy Statement/Prospectus described above. Additional information regarding Aegon’s directors and executive officers regarding the interests of such potential participants is also included in Aegon’s 20-F, which was filed with the SEC on March 26, 2026. This document is available free of charge as described from the SEC’s website at www.sec.gov. Forward-looking statementsThe statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, focus, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following: Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and, in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands. Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets. Changes in the performance of financial markets, including emerging markets, such as: Changes in the performance of Aegon’s investment portfolio and a decline in the ratings of Aegon’s counterparties. The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates. The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition. The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries. The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions, in particular the United States, affecting the capital Aegon is required to maintain and our ability to pay dividends. Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda. Changes affecting interest rate levels and low or rapidly changing interest rate levels. Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates. The effects of global inflation, or inflation in the markets where Aegon operates. Changes in the availability of, and costs associated with, liquidity sources, such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness. Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands. Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business. The frequency and severity of insured loss events. Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives. Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results. Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations. Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations. Customer responsiveness to both new products and distribution channels. Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures. Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows. Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies. The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, in relation to the Proposed Redomiciliation, (i) the proposed Redomiciliation may not be completed in a timely manner or at all; (ii) the failure to realize the anticipated benefits of the proposed Redomiciliation; (iii) the possibility that any or all of the various conditions to the consummation of the proposed Redomiciliation may not be satisfied or waived; (iv) the effect of the pendency of the proposed Redomiciliation on our ability to retain and hire key personnel, or its operating results and business generally and (v) the effects of the proposed Redomiciliation on trading, liquidity and the price of Aegon’s securities. Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow. Changes in the policies of central banks and/or governments. Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business. Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products. The consequences of an actual or potential break-up of the European Monetary Union in whole or in part and the potential consequences of European Union countries leaving the European Union. Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property. Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates. Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon. Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels. Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, that may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management. Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws. Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future. This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. WORLD FINANCIAL GROUP (WFG):WFG CONSISTS OF:IN THE UNITED STATES, WORLD FINANCIAL GROUP INSURANCE AGENCY, LLC (IN CALIFORNIA, DOING BUSINESS AS WORLD FINANCIAL INSURANCE AGENCY, LLC), WORLD FINANCIAL GROUP INSURANCE AGENCY OF HAWAII, INC., WORLD FINANCIAL GROUP INSURANCE AGENCY OF MASSACHUSETTS, INC., AND / OR WFG INSURANCE AGENCY OF PUERTO RICO, INC. (COLLECTIVELY WFGIA), WHICH OFFER INSURANCE AND ANNUITY PRODUCTS. IN THE UNITED STATES, TRANSAMERICA FINANCIAL ADVISORS, INC. IS A FULL-SERVICE, FULLY LICENSED, INDEPENDENT BROKER-DEALER AND REGISTERED INVESTMENT ADVISOR. TRANSAMERICA FINANCIAL ADVISORS, INC. (TFA), MEMBER FINRA, MSRB, SIPC, AND REGISTERED INVESTMENT ADVISOR, OFFERS SECURITIES AND INVESTMENT ADVISORY SERVICES. IN CANADA, WORLD FINANCIAL GROUP INSURANCE AGENCY OF CANADA INC. (WFGIAC), WHICH OFFERS LIFE INSURANCE AND SEGREGATED FUNDS. WFG SECURITIES INC. (WFGS), WHICH OFFERS MUTUAL FUNDS.WFGIAC AND WFGS ARE AFFILIATED COMPANIES. Attachment 20260820_PR_Aegon reports first half year 2026 results

Citigroup recently reported second-quarter 2026 earnings per share of US$3.15, above estimates, alongside multiple new fixed‑income offerings and further expansion of its institutional and consumer franchises through mandates, acquisitions and leadership hires. By securing a full middle office mandate from Aegon Asset Management covering US$380.00 billion in assets and agreeing to acquire rewards platform Kard Financial, Citi is deepening its role in both large‑scale institutional infrastructure and data‑driven consumer engagement. We’ll now examine how Citi’s stronger‑than‑expected quarterly results and the Aegon Asset Management middle office mandate affect its investment narrative. AI is about to change healthcare. These 44 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own Citi, you need to believe its global banking, cards and services platform can convert scale into better returns while managing heavy regulatory and transformation demands. The latest earnings beat reinforces the near term catalyst of execution on cost and efficiency targets, while persistent regulatory scrutiny and transformation expenses remain the biggest risk. The Aegon middle office win and recent fixed income issuance support the story, but do not fundamentally change that risk balance. Among the recent announcements, the full middle office mandate for Aegon Asset Management, covering US$380.00 billion of assets and extending a 20 year relationship, looks most relevant. It underscores Citi’s role as a core infrastructure provider in securities services, which ties directly into the investment narrative around scale, fee income and digital capabilities, and may help offset some of the revenue concentration and restructuring risks investors worry about elsewhere in the group. Yet investors should not overlook how ongoing regulatory scrutiny and high transformation costs could still affect... Read the full narrative on Citigroup (it's free!) Citigroup's narrative projects $106.2 billion revenue and $21.9 billion earnings by 2029. This requires 9.1% yearly revenue growth and a $5.4 billion earnings increase from $16.5 billion. Uncover how Citigroup's forecasts yield a $154.00 fair value, a 11% upside to its current price. Some of the lowest analysts were assuming Citi’s revenue would reach about US$102.9 billion and earnings about US$20.8 billion by 2029, yet they still saw macro, regulatory and card credit risks as strong enough to cap valuation. Compared with the current focus on earnings momentum and mandates like Aegon’s, this is a much more pessimistic view, and the latest results and deals may well push you to reassess which side of that debate you find more convincing. Explore 5 other fair value estimates on Citigroup - why the stock might be worth as much as 43% more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Citigroup research is our analysis highlighting 4 key rewards that could impact your investment decision. Our free Citigroup research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Citigroup's overall financial health at a glance. The market won't wait. These fast-moving stocks are hot now. Grab the list before they run: Explore 25 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. We've uncovered the 11 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. The latest GPUs need a type of rare earth metal called Terbium and there are only 28 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include C. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Schiphol, June 17, 2026 - Aegon today announces changes to its leadership team to further strengthen the execution of its strategy and support the company’s planned move of its head office and legal seat to the United States. As part of these changes, Will Fuller will be appointed President and Chief Operating Officer (COO) of Aegon, effective January 1, 2027. In this role, Mr. Fuller will be responsible for the day-to-day management of Transamerica, Aegon’s International businesses and Aegon Asset Management. Mr. Fuller will report to Aegon CEO Lard Friese, who will continue to lead Aegon as CEO and retain full responsibility for the group’s strategy, overall performance, and leadership. In connection with Aegon’s planned move of its head office, Mr. Friese will relocate to the United States at the beginning of 2027. These changes will sharpen execution and accelerate performance improvement while providing the leadership focus needed to redomicile the Group to the United States, establish a world-class, US-based head office and deliver on our ambition to become a leading force in the US life insurance and retirement industry, supported by strong international insurance businesses and a globally operating asset manager. Aegon CEO Lard Friese said: “Will is a highly experienced leader with deep knowledge of our businesses and the opportunities ahead. Will’s appointment further strengthens our leadership team and supports the disciplined execution of our strategy as Aegon relocates to the United States”. Mr. Fuller joined Aegon in March 2021 as President and Chief Executive Officer of Transamerica. Prior to that, he held senior leadership roles at Lincoln Financial Group and Merrill Lynch, where he was responsible for Global Wealth Management with international responsibility for asset management and insurance solutions. He has played a pivotal role in the success of Transamerica’s businesses and brings deep industry expertise, a strong leadership track record, and an unwavering commitment to customers, distribution partners, and employees. Aegon today also announces that it has selected New York City as the location for its future corporate headquarters. The office is expected to open in mid-2027 and will house selected corporate functions and members of the leadership team. Establishing its corporate headquarters in New York City marks another milestone in Aegon’s transformation and reinforces its ambition to become a truly US-based company. Contacts About AegonAegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com. Important Information for Investors and Securityholders This communication is not intended to and does not constitute an offer to sell, buy or exchange or the solicitation of an offer to sell, buy or exchange any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, purchase, or exchange of securities or solicitation of any vote or approval in any jurisdiction in contravention of applicable law In connection with the proposed corporate reorganization that includes, among other things, the Redomiciliation, Aegon will file a registration statement on a Form F-4, which includes a U.S. Shareholder Circular (the “Proxy Statement/Prospectus”), with the U.S. Securities and Exchange Commission (the “SEC”). Aegon plans to mail the definitive Proxy Statement/Prospectus to its shareholders in connection with the proposed redomiciliation ahead of calling an extraordinary general meeting of shareholders contemplated in Q4 2026. INVESTORS AND SECURITYHOLDERS OF AEGON ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AEGON, ITS PROPOSED REDOMICILIATION AND RELATED MATTERS. Investors and securityholders will be able to obtain free copies of the definitive Proxy Statement/Prospectus (when available) and other documents filed with the SEC by Aegon through the website maintained by the SEC at www.sec.gov. In addition, investors and securityholders will be able to obtain free copies of the documents filed with the SEC on Aegon’s website (www.aegon.com) or by contacting Aegon’s Investor Relations, World Trade Center, Schiphol Boulevard 223, 1118 BH Schiphol, The Netherlands, Tel: + 31-20-259-2500. E-mail: [email protected]. Participants in the SolicitationAegon, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Aegon’s securityholders in respect of the proposed transactions under the rules of the SEC. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of Aegon’s securityholders in connection with the proposed Redomiciliation, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the Proxy Statement/Prospectus described above. Additional information regarding Aegon’s directors and executive officers regarding the interests of such potential participants is also included in Aegon’s 20-F, which was filed with the SEC on March 30, 2026. This document is available free of charge as described from the SEC’s website at www.sec.gov. Forward-looking statementsThis communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of Aegon, and certain of its plans and objectives with respect to these items, and in particular with respect to the change of legal domicile. By their nature, forward-looking statements involve risk and uncertainty, because they relate to future events and circumstances, and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by forward-looking statements, including, without limitation, (i) the proposed Redomiciliation may not be completed in a timely manner or at all; (ii) the failure to realize the anticipated benefits of the proposed Redomiciliation; (iii) the possibility that any or all of the various conditions to the consummation of the proposed Redomiciliation may not be satisfied or waived; (iv) the effect of the pendency of the proposed Redomiciliation on our ability to retain and hire key personnel, or its operating results and business generally and (v) the effects of the proposed Redomiciliation on trading, liquidity and the price of Aegon’s securities and other important factors described in the section titled “Risk Factors” in Aegon’s 2025 Annual Report on Form 20-F for more details. Aegon disclaims any obligation to update or revise any forward-looking statements contained in these documents, other than to the extent required by applicable law. This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Attachment 20260617_PR_Aegon strengthens leadership team and selects New York as location for its future headquarters

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE UNITED STATES) OR IN OR INTO ANY OTHER JURISDICTION OR TO ANY OTHER PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. Schiphol, May 8, 2026 - Aegon (the Offeror) announces today the results of its invitation to holders of its EUR 950,000,000 Perpetual Capital Securities, ISIN: NL0000116150 (the 2004 EUR Notes), USD 500,000,000 Perpetual Capital Securities, ISIN: NL0000116168 (the 2004 USD Notes), NLG 250,000,000 Perpetual Cumulative Subordinated Bonds 1995, ISIN: NL0000120004 (the 1995 NLG Notes), NLG 300,000,000 Perpetual Cumulative Subordinated Bonds 1996, ISIN: NL0000121416 (the October 1996 NLG Notes) and NLG 450,000,000 Perpetual Cumulative Subordinated Bonds 1996, ISIN: NL0000120889 (the February 1996 NLG Notes and, together with the 2004 EUR Notes, the 2004 USD Notes, the 1995 NLG Notes, the October 1996 NLG Notes, the Notes and each a Series) to tender their Notes for purchase by the Offeror for cash (each such invitation an Offer and, together, the Offers). The Offers were announced on April 28, 2026, and were made on the terms and subject to the conditions contained in the tender offer memorandum dated April 28, 2026 (the Tender Offer Memorandum) prepared by the Offeror. Capitalized terms used in this announcement but not defined have the meanings to them in the Tender Offer Memorandum. The Expiration Deadline for the Offers was 17:00 (CEST) on May 7, 2026. As at the Expiration Deadline, the Offeror had received valid tenders for purchase pursuant to the Offer in respect of the (i) 2004 EUR Notes of EUR 106,887,200 in aggregate nominal amount of the 2004 EUR Notes, (ii) 2004 USD Notes of USD 136,318,500 in aggregate nominal amount of the 2004 USD Notes, (iii) 1995 NLG Notes of EUR 56,845,048 in aggregate nominal amount of the 1995 NLG Notes, (iv) October 1996 NLG Notes of EUR 37,495,859 in aggregate nominal amount of the October 1996 NLG Notes, and (v) February 1996 NLG Notes of EUR 62,592,174 in aggregate nominal amount of the February 1996 NLG Notes. The Offeror announces that it has decided to accept all of the 2004 EUR Notes, 2004 USD Notes, 1995 NLG Notes, October 1996 NLG Notes, and February 1996 NLG Notes validly tendered for purchase pursuant to the Offers without pro rata scaling. This is equivalent to a total notional amount accepted of EUR 379,584,792 or USD 446,980,072 (equivalent) (being the Final Acceptance Amount) for an aggregate cash amount of EUR 308,241,572 or USD 362,969,863 (equivalent)1. A summary of the final results of the Offers in relation to each Series appears below: It is currently anticipated that the transaction will result in a 2 percentage point decrease in the Group solvency ratio, compared with the estimated ratio of 184% as of December 31, 2025. The transaction is expected to result in an IFRS book gain in the first half of 2026 of approximately EUR 0.1 billion. The Offeror will not be making any further announcements in respect of the Offers. The Settlement Date in respect of the Notes accepted for purchase is expected to be May 11, 2026. Morgan Stanley Europe SE is acting as Dealer Manager for the Offers and Kroll Issuer Services Limited is acting as Tender Agent. DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions. OFFER AND DISTRIBUTION RESTRICTIONS The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender Agent to inform themselves about, and to observe, any such restrictions. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or a solicitation of an offer to sell the Notes (and tenders of Notes in the Offers will not be accepted from Noteholders) in any circumstances in which such offer or solicitation is unlawful. Contacts About Aegon Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com. Forward-looking statements The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, focus, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect the company’s expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include, but are not limited to, the following: Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and, in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands. Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets. Changes in the performance of financial markets, including emerging markets, such as: The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios. The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds. The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds. The impact from volatility in credit, equity, and interest rates. Changes in the performance of Aegon’s investment portfolio and a decline in the ratings of Aegon’s counterparties. The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates. The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition. The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries. The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends. Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda. Changes affecting interest rate levels and low or rapidly changing interest rate levels. Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates. The effects of global inflation, or inflation in the markets where Aegon operates. Changes in the availability of, and costs associated with, liquidity sources, such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness. Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands. Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business. The frequency and severity of insured loss events. Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives. Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results. Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations. Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations. Customer responsiveness to both new products and distribution channels. Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures. Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows. Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies. The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, there is no certainty or guarantee what the manner, timing, and potential impacts of the planned relocation of the company’s legal domicile and head office to the United States will be, and if such a relocation can be completed successfully. Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow. Changes in the policies of central banks and/or governments. Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business. Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products. The consequences of an actual or potential break-up of the European Monetary Union in whole or in part and the potential consequences of European Union countries leaving the European Union. Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property. Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates. Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon. Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels. Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, that may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management. Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws. Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future. This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 1 Based on a EUR/USD exchange rate of 1.17755 as of May 7, 2026 Attachment 20260508_PR_Aegon announces final results of tender offers for five series of subordinated notes in EUR 380 million notional

Futu Holdings FUTU is scheduled to report its fourth-quarter 2025 results on March 12. For the fourth quarter of 2025, FUTU expects net asset inflow momentum to remain robust, despite mark-to-market conditions turning negative quarter to date. Client acquisition costs are likely to stay within the full-year target range of HKD 2,500 to HKD 3,000. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $815.09 million, implying year-over-year growth of 42.84%. FUTU’s shares have declined 23.1% over the past six-months, while the Zacks Financial - Miscellaneous Services industry and the Zacks Finance sector have declined 29.7% and 1.6%, respectively. Image Source: Zacks Investment Research Let us see how things are broadly shaping up for the upcoming announcement. Futu Holdings is expected to have entered the fourth quarter on a strong operational footing, building on accelerated client additions and deepening its positioning as a leading tech-driven brokerage and wealth management platform. Strong equity market performance and an active Hong Kong IPO pipeline are expected to sustain elevated trading volumes, while the company's expanding crypto business and growing international footprint are expected to have served as incremental revenue contributors. On the U.S. front, Moomoo ran a "Trade Smart" out-of-home advertising campaign across New York City from October through December 2025, targeting an estimated 3.4 million daily commuters. The campaign is expected to have supported U.S. client acquisition during the quarter. In December 2025, FUTU partnered with OTC Markets' MOON ATS to extend overnight U.S. stock trading access to retail investors globally. This product enhancement is expected to have deepened engagement among active traders and widened the platform's addressable trading window, levers that have historically translated into higher brokerage commission income for the company. Crypto trading, which surged sharply in the previously reported quarter, is expected to have remained a notable revenue contributor, supported by a broader token offering and rising trading penetration across markets. The consolidation of Airstar Bank following FUTU's expansion to a 68.4% controlling stake is expected to have introduced cost pressure. Strong net asset inflows and continued operating leverage across international markets are expected to have provided tangible support to overall profitability in the quarter. Futu Holdings currently carries a Zacks Rank #2 (Buy) at present. Some other top-ranked stocks in the broader Zacks Finance Sector are Commerzbank CRZBY, Aegon AEG and AIA AAGIY. Commerzbank, Aegon and AIA carry a Zacks Rank #2 each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Commerzbank have declined 7.9% over the past six months. CRZBY is scheduled to report its upcoming earnings on March 25. Shares of Aegon have declined 8% over the past six months. AEG is scheduled to report its upcoming earnings on March 26. Shares of AIA have returned 7.9% over the past six months. AAGIY is scheduled to report its upcoming earnings on March 13. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Aegon NV (AEG) : Free Stock Analysis Report Commerzbank AG (CRZBY) : Free Stock Analysis Report AIA (AAGIY) : Free Stock Analysis Report Futu Holdings Limited Sponsored ADR (FUTU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Operating Capital Generation: Increased to 1.3 billion, ahead of target. Operating Results: Increased by 15% to 1.7 billion compared to 2024. Free Cash Flow: 829 million for the full year 2025, consistent with target. Dividend: Proposed final dividend of $0.21 per share, full year dividend of $0.40 per share, up 14% from 2024. Share Buybacks: Executed 400 million in the second half of 2025, with a new $400 million program for 2026. Capital Employed: $2.7 billion in US strategic assets at year-end, ahead of target. Licensed Agents: Nearly 96,000 agents by year-end 2025, an 11% increase from the previous year. New Life Sales: Increased by 10% compared to 2024. Index Annuity Net Deposits: Increased by 45% in 2025. Operating Result (Second Half 2025): Increased by 11% to 858 million. Cash Capital at Holding: Decreased to 1.3 billion at the end of 2025. Gross Financial Leverage: Stable at 4.9 billion. Group Solvency Ratio: Robust at 184%. US RBC Ratio: Increased by 4 percentage points to 424%. Shareholders' Equity: Grew by 2% in the second half of 2025. CSM Balance: Increased by 4% in the second half of 2025. OCG (Second Half 2025): Increased by 8% compared to the second half of 2024. Free Cash Flow (Second Half 2025): 388 million. Warning! GuruFocus has detected 7 Warning Signs with AEG. Is AEG fairly valued? Test your thesis with our free DCF calculator. Release Date: February 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Aegon Ltd (NYSE:AEG) met or outperformed all financial targets for 2025, demonstrating the strength of their strategy. Operating capital generation increased year over year to 1.3 billion, surpassing targets. Operating results rose by 15% compared to 2024, reaching 1.7 billion, driven by business growth and favorable market impacts. A final dividend of $0.21 per common share was proposed, resulting in a full-year dividend of $0.40 per share, up 14% from 2024. Aegon Ltd (NYSE:AEG) executed 400 million in share buybacks in the second half of 2025 and launched a new 400 million buyback program for 2026. Net outflows in the UK advisor platform business were driven by ongoing consolidation and vertical integration in non-target advisor segments. New life sales in China were negatively impacted by changes to product pricing due to new regulations and the economic environment. Operating results in the distribution segment were partially offset by a lower operating margin. Non-operating items were unfavorable, largely due to realized losses on assets transferred in the SGUL reinsurance transaction. The solvency ratio of Scottish Equitable in the UK decreased by 2% points to 183%, impacted by remittances and investments. Q: Can you comment on the sustainability of the operating profit, which was at the upper end of your guidance range, and provide an update on the ASR stake? A: The operating result in the second half was a reasonable representation of the underlying figure, benefiting from strong markets. Regarding the ASR stake, we are content with our current holding. Our re-domiciliation to the US does not impact our ownership, and tax considerations do not influence our position on ASR. - Duncan Russell, CFO Q: What conditions are needed for OCG to reach the top end of your quarterly run rate, and can you provide insights into WFG's performance? A: OCG was strong in Q4, supported by favorable mortality and morbidity variances, high new business strain, and a high release of required capital. For WFG, despite lower margins due to investments in leadership, technology, and training, we see strong sales growth and productivity improvements. - Duncan Russell, CFO and Lard Friese, CEO Q: Can you provide details on the legal settlements and the UK strategic review process? A: The legal settlements pertain to two cases detailed in our annual report, included in the $230 million charges. The UK strategic review is ongoing, and we aim to provide an update before the summer. - Lard Friese, CEO Q: Could you explain the improvement in mortality and the underlying OCG for the year? A: The clean Q4 OCG was around 294 million, with favorable mortality and morbidity variances contributing positively. We are satisfied with our mortality experience since our updates, and the underlying OCG reflects strong sales and capital release. - Duncan Russell, CFO Q: Are there plans to further reduce the financial assets, and why the shift in focus to IFRS in your presentation? A: We continue to explore ways to reduce financial assets through management actions and third-party transactions. The shift to IFRS aims to simplify communication, aligning with our targets and future US GAAP implementation. - Duncan Russell, CFO Q: How do you plan to manage the LTC block, and are there any expected variances in earnings? A: We manage the LTC block internally through rate increases and policyholder options, as third-party transactions are not economically viable. We expect variances within our operating profit range, with a focus on managing positive and negative variances effectively. - Duncan Russell, CFO Q: Can you provide more details on the downgrades and defaults in your investment portfolio? A: The downgrades and defaults are relatively small and benign, across various bond and ABS holdings. Our asset portfolio is performing well, and we continue to monitor these movements closely. - Duncan Russell, CFO Q: What is driving the growth in US operating profits, and how will the UK sale process be approached? A: US operating profit growth is driven by positive experience variances and CSM progress. The UK sale process is in early stages, focusing on the insurance and platform businesses, with updates expected before summer. - Lard Friese, CEO and Duncan Russell, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Schiphol, February 19, 2026 - Please click here to access all 2H 2025 results related documents 2H 2025 Financial highlights Net result of EUR 375 million, a decrease compared with EUR 741 million in the second half of 2024, as growth in the operating result is offset by non-operating items and other charges. Full-year 2025 net result of EUR 980 million, up 45% compared with 2024 Operating result of EUR 858 million, up 11% compared with the second half of 2024 driven by an increase across all business units, reflecting commercial momentum and favorable financial markets. Full-year 2025 operating result of EUR 1.7 billion, up 15% compared with 2024 Valuation equity – the sum of shareholders’ equity and the contractual service margin (CSM) after estimated tax adjustment – increases by 7% in the reporting period to EUR 9.06 per share, driven by the net result, favorable market impacts, and the share buyback 2H 2025 Capital highlights Operating capital generation (OCG) before holding funding and operating expenses increases by 8% to EUR 711 million compared with the second half of 2024. With full-year 2025 OCG of EUR 1.3 billion, Aegon exceeds its target of EUR 1.2 billion Capital ratios of Aegon’s main units remain strong, above their respective operating levels Cash Capital at Holding of EUR 1.3 billion, EUR 0.7 billion lower compared with the first half of 2025 mainly driven by capital returns to shareholders Free cash flow of EUR 388 million, contributes to full-year free cash flow of EUR 829 million, consistent with the target of around EUR 800 million 2025 final dividend of EUR 0.21 per common share proposed, an increase of 11% compared with 2024 final dividend, enabling Aegon to meet its EUR 0.40 target for full-year 2025 Lard Friese, Aegon CEO, commented: “Our results for 2025 demonstrate the strength of our strategy and our ability to consistently deliver upon our ambitions. We have met or exceeded all the financial targets that we set out at our Capital Markets Day (CMD) in 2023, and I would like to thank all my colleagues across our businesses for their dedication and hard work that made this possible. We generated EUR 1.3 billion of operating capital (OCG), ahead of our EUR 1.2 billion target. We also reported EUR 829 million of free cash flow, consistent with our EUR ~800 million target for 2025. Our main business units remained well capitalized, and we delivered a full year IFRS operating result of EUR 1.7 billion, an increase of 15% compared with 2024. In the US, commercial momentum remained strong. Transamerica expanded its distribution network, World Financial Group (WFG), to over 95,000 licensed agents, and, at the same time, achieved a record 30% increase in individual new life sales in 2025 compared with 2024. Assets under administration at Transamerica’s Retirement Plans business also increased. At the same time, the capital employed by Transamerica’s Financial Assets decreased to USD 2.7 billion, ahead of our USD 2.9 billion target for 2025. This gives us confidence that our plans have a robust foundation as we work to further accelerate growth in our US business. We also reported solid results in our other business units. Our asset management business delivered EUR 1.0 billion in net third-party inflows in 2025, while our International business continued to perform well, and, in the UK, our Workplace Platform generated GBP 2.4 billion in net inflows. During 2025, we returned EUR 1.1 billion of capital to shareholders through dividends and share buybacks. On the basis of our performance in 2025, we propose a final dividend of 21 eurocents per share. This will result in a total dividend paid for the full year 2025 of 40 eurocents, consistent with our target. We are now fully focused on delivering upon the plans we outlined at our 2025 CMD, including the relocation of our head office and legal seat to the US. I am confident that we can build upon the strong momentum we created during 2025 and continue to accelerate the growth of our businesses throughout the coming year.” Additional information Presentation The conference call presentation is available on aegon.com as of 7:00 am CET. Supplements Aegon’s second half 2025 Financial Supplement and other supplementary documents are available on aegon.com. Webcast and conference call including Q&A The webcast and conference call start at 9:00 am CET. The audio webcast can be followed on aegon.com. To join the conference call and/or participate in the Q&A, you will need to register via the following link. Directly after registration, you will see your personal pin on the confirmation screen, and you will also receive an email with the call details and your personal pin to enter the conference call. The link becomes active 15 minutes prior to the scheduled start time. To avoid any unforeseen connection issues, it is recommended to make use of the “Call me” option. Approximately two hours after the conference call, a replay will be available on aegon.com. Dial-in numbers for conference call: United States: +1 864 991 4103 (local) United Kingdom: +44 808 175 1536 (toll-free) The Netherlands: +31 800 745 8377 (toll-free); or +31 970 102 86838 (toll) Financial calendar 2026 Annual General Meeting – June 10, 2026 First half 2026 results – August 20, 2026 As of August 2026, Aegon will start the webcast and conference call for its results disclosure at 2:00 pm CET. The conference call presentation will be made available on aegon.com as of 7:00 am CET. About Aegon Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com. Contacts Local currencies This document contains certain information about Aegon’s results, financial condition and revenue generating investments presented in USD for the Americas and in GBP for the United Kingdom, because those businesses operate and are managed primarily in those currencies. None of this information is a substitute for or superior to financial information about Aegon presented in EUR, which is the currency of Aegon’s primary financial statements. Cautionary note regarding non-IFRS measures This document includes the following non-IFRS measures: operating result and valuation equity. Operating result is calculated by consolidating, on a proportionate basis, Aegon’s joint ventures and associated companies, except for its associate, ASR Nederland N.V. Operating result reflects Aegon’s profit before tax from underlying business operations and mainly excludes components that relate to accounting mismatches that are dependent on market volatility or relate to events that are considered outside of the normal course of business. Valuation equity represents the sum of shareholders’ equity and the Contractual Service Margin (CSM) after-tax (embedded value of unearned profits in insurance contracts). This measure is intended to provide a more comprehensive view of the Group’s economic value. Aegon believes that these non-IFRS measures, together with the IFRS information, provide meaningful supplemental information about the operating results of Aegon’s business, including insight into the financial measures that senior management uses in managing the business. Forward-looking statements The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following: Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and in relation to Aegon’s shareholding in ASR Nederland N.V., and Aegon’s asset management business, the Netherlands. Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets. Changes in the performance of financial markets, including emerging markets, such as: The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios. The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds. The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds. The impact from volatility in credit, equity, and interest rates. Changes in the performance of Aegon’s investment portfolio and decline in the ratings of Aegon’s counterparties. The effect of tariffs and potential trade wars on trading markets and on economic growth, both globally and in the markets where Aegon operates. The lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition. The lowering of one or more insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries. The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends. Changes in the European Commission’s or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda. Changes affecting interest rate levels and low or rapidly changing interest rate levels. Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates. The effects of global inflation, or inflation in the markets where Aegon operates. Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general, such as changes in borrower and counterparty creditworthiness. Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and, in relation to Aegon’s shareholding in ASR Nederland N.V. and Aegon’s asset management business, the Netherlands. Catastrophic events, either manmade or by nature – including, for example, acts of God, acts of terrorism, acts of war and pandemics – could result in material losses and significantly interrupt Aegon’s business. The frequency and severity of insured loss events. Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives. Aegon’s projected results, which are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems that are subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect or should errors in those models escape the controls in place to detect them, future performance will vary from projected results. Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations. Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations. Customer responsiveness to both new products and distribution channels. Third-party information used by Aegon, which may prove to be inaccurate and/or change over time (as methodologies and data availability and quality continue to evolve) and therefore impact our results and disclosures. Operational risks (such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business) which may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows. Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies. The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures. In particular, there is no certainty or guarantee what the manner, timing, and potential impacts of the planned relocation of the company’s legal domicile and head office to the United States will be, and if such a relocation can be completed successfully. Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow. Changes in the policies of central banks and/or governments. Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business. Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of, or demand for, Aegon’s products. The consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or any further consequences of the exit of the United Kingdom from the European Union, and the potential consequences of other European Union countries leaving the European Union. Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting, for example, the ability of Aegon’s operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property. Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates. Standard setting initiatives of supranational standard setting bodies, such as the Financial Stability Board and the International Association of Insurance Supervisors, or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon. Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels. Rapid changes in the landscape for ESG responsibilities, which lead to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management. Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws. Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily "material" under US securities laws for SEC reporting purposes, even if we use words such as "material" or "materiality" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future. This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2024 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. WORLD FINANCIAL GROUP (WFG): WFG CONSISTS OF: IN THE UNITED STATES, WORLD FINANCIAL GROUP INSURANCE AGENCY, LLC (IN CALIFORNIA, DOING BUSINESS AS WORLD FINANCIAL INSURANCE AGENCY, LLC), WORLD FINANCIAL GROUP INSURANCE AGENCY OF HAWAII, INC., WORLD FINANCIAL GROUP INSURANCE AGENCY OF MASSACHUSETTS, INC., AND / OR WFG INSURANCE AGENCY OF PUERTO RICO, INC. (COLLECTIVELY WFGIA), WHICH OFFER INSURANCE AND ANNUITY PRODUCTS. IN THE UNITED STATES, TRANSAMERICA FINANCIAL ADVISORS, INC. IS A FULL-SERVICE, FULLY LICENSED, INDEPENDENT BROKER-DEALER AND REGISTERED INVESTMENT ADVISOR. TRANSAMERICA FINANCIAL ADVISORS, INC. (TFA), MEMBER FINRA, MSRB, SIPC , AND REGISTERED INVESTMENT ADVISOR, OFFERS SECURITIES AND INVESTMENT ADVISORY SERVICES. IN CANADA, WORLD FINANCIAL GROUP INSURANCE AGENCY OF CANADA INC. (WFGIAC), WHICH OFFERS LIFE INSURANCE AND SEGREGATED FUNDS. WFG SECURITIES INC. (WFGS), WHICH OFFERS MUTUAL FUNDS. WFGIAC AND WFGS ARE AFFILIATED COMPANIES. Attachment 20260219_PR_Aegon reports second half year 2025 results

Aegon reported stronger full‑year results with operating results up 15% to EUR 1.7 billion, operating capital generation of EUR 1.3 billion, free cash flow of EUR 829 million, and raised the full‑year dividend to EUR 0.40 per share while executing EUR 400 million of buybacks and starting a new EUR 400 million program for 2026. U.S. growth at World Financial Group is driving sales—licensed agents rose to nearly 96,000 (target ~110,000 by 2027) with new life sales +10%, annuity sales +6% and indexed annuity net deposits +45%—but profitability was pressured by investments in leadership, technology and compliance. Management is pursuing strategic actions including the SGUL reinsurance to reduce U.S. financial‑asset exposure, a proposed relocation to the U.S. that is progressing, and a U.K. strategic review due before summer, while reiterating guidance to grow group operating result by about 5% per year for 2026–2027 and reporting a group solvency ratio of 184%. Interested in Aegon NV? Here are five stocks we like better. Aegon (NYSE:AEG) used its second-half 2025 results call to highlight progress against its strategy, reporting higher operating results and operating capital generation (OCG) year-over-year and reiterating its capital return plans, while management also discussed investment-driven margin pressure at World Financial Group (WFG), ongoing actions to reduce U.S. financial-asset exposure, and the status of strategic initiatives including a potential U.S. relocation and the strategic review of its U.K. business. CEO Lard Friese said the company “either met or outperformed all our financial targets for 2025.” Operating capital generation before holding and funding expenses increased to EUR 1.3 billion, ahead of target, while operating results rose 15% versus 2024 to EUR 1.7 billion, reflecting business growth across units, favorable market impacts, and improved experience variances in the Americas and International businesses. → Whale Watching: BlackRock’s Massive Bet on Nebius Group Free cash flow for 2025 totaled EUR 829 million, consistent with the company’s target. Aegon proposed a final dividend of EUR 0.21 per common share, bringing the full-year dividend to EUR 0.40 per share, up 14% from 2024 and in line with its stated target. Management also pointed to EUR 400 million of share buybacks executed in the second half of 2025 and said it has begun the first half of a new EUR 400 million buyback program for 2026 that was announced at its 2025 Capital Markets Day. CFO Duncan Russell said second-half operating results increased 11% year-over-year to EUR 858 million, with all businesses contributing higher results. Second-half OCG rose 8%, supported by strong figures from Transamerica, and free cash flow was EUR 388 million, with remittances from all units. → Corning’s Surprise AI Boom: Is It Already Too Late to Buy? Cash capital at holding declined to EUR 1.3 billion at year-end 2025, which Russell attributed mostly to shareholder distributions (dividends and buybacks). Valuation equity per share increased by EUR 0.60, gross financial leverage was stable at EUR 4.9 billion, and the group solvency ratio stood at 184%. Russell also noted that the eligibility of perpetual cumulative subordinated bonds in Aegon’s capital stack ended as of January 1, 2026, and those instruments contributed 7 percentage points to the group solvency ratio as of December 31, 2025. In discussing non-operating items under IFRS net results, Russell said non-operating items were unfavorable in the period largely due to realized losses on assets transferred as part of the SGUL reinsurance transaction. He said those losses were recorded in profit and loss but “were fully offset in other comprehensive income,” resulting in no impact on shareholders’ equity. He also cited net impairments driven by an expected credit loss (ECL) reserve increase from new investment purchases and “a small number of downgrades and defaults” in bond investments. → Medtronic’s “Textbook” Reversal: How High Can It Really Go in 2026? Friese described continued commercial momentum in the U.S. Strategic Assets. At WFG, Aegon remains on track for a goal of roughly 110,000 licensed agents by 2027. Licensed agents totaled nearly 96,000 at year-end 2025, an 11% increase versus the prior year. Management said productivity initiatives increased the number of producing agents, with higher average policies and higher premiums per policy sold. As a result, Aegon reported: New life sales up 10% versus 2024 Annuity sales up 6% 13% increase in new life sales in its individual life business, with WFG productivity gains cited as a key driver 45% increase in indexed annuity net deposits in 2025, which management linked to higher gross deposits and improved wholesale distribution productivity In retirement plans, the company reported net inflows in 2025 in its mid-sized retirement plans business, supported by pooled plan positioning and a large takeover deposit earlier in the year. Management also referenced growth in general account stable value and individual retirement accounts as it works to improve profitability and diversify revenue streams. During Q&A, Russell addressed investor questions about WFG’s lower operating result in 2025, saying the lower margin came amid “very strong sales growth and also productivity growth,” but profitability was pressured by investments in leadership and governance, technology initiatives to strengthen sales processes, training to speed up productivity among newly licensed agents, and expanded compliance and field support. In the U.K., Friese said Aegon remains well positioned in the Workplace platform business, with net deposits in 2025 driven by onboarding new schemes and members as well as contributions from existing schemes. However, the Adviser platform business saw net outflows in 2025, which management attributed to consolidation and vertical integration in non-target adviser segments. Friese reiterated that the strategic review of Aegon U.K. is ongoing and said the company expects to provide an update “somewhere before the summer.” He also clarified later in the call that the review pertains to the U.K. insurance business and platform business, but not the asset management office and business in the U.K. In International, Friese said new sales continued to contribute to growth in 2025. Aegon’s Brazil joint venture reported higher new life sales, particularly in credit life products, and Spain and Portugal also posted higher new life sales. China new life sales were negatively impacted by product repricing to reflect new pricing regulations and the economic environment. Russell added that International operating results in the second half benefited from business growth and a one-time item in China, plus a true-up related to local IFRS 17 implementation booked in the second half. Aegon Asset Management reported positive third-party net deposits in 2025 in both global platforms and strategic partnerships, although at a lower level than the prior year. Friese said fixed income products drove global platforms inflows, which more than offset outflows associated with the prior year’s SGUL reinsurance transaction, while strategic partnership deposits were driven by the Chinese joint venture AIFMC. Management also pointed to the expansion of CLO warehouse capacity in the U.S. and Europe as part of its plan to grow higher-margin third-party business. Looking ahead, Russell reiterated guidance from the 2025 Capital Markets Day that Aegon aims to grow group operating result by around 5% per year over 2026-2027 from the EUR 1.5 billion to EUR 1.7 billion run rate in 2025, assuming a euro-dollar exchange rate of 1.20. Management also discussed steps to reduce exposure to U.S. financial assets, highlighting the SGUL reinsurance transaction and the establishment of a reinsurer structure that Russell said provides more optionality. He said the company continues to pursue a “range of actions” to move from EUR 2.7 billion required capital toward its 2027 targets, including internal management actions, policyholder engagement, and potentially third-party actions. On long-term care (LTC), Russell said the company evaluates third-party transactions based on economics and cash generation, but noted that LTC is a long-duration block with peak reserves not expected until “sometime in 2030,” making it sensitive to assumptions. He said Aegon has so far viewed itself as the appropriate owner of the block and manages the exposure through rate increases and other policyholder options. On earnings volatility under IFRS, Russell said experience variances are expected and reiterated that the company provides an operating profit range of around EUR 100 million per half year (±EUR 50 million) that it believes should be sufficient to cover positive and negative variances from experience and onerous contracts. Finally, Friese said preparations for Aegon’s proposed relocation to the U.S. are progressing, with U.S. GAAP implementation “still at an early stage” but moving as planned. The company also said it will next report results in August for the first half and will shift its conference call timing to 2:00 p.m. Central European time to accommodate U.S.-based investors. Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients. Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings. The article "Aegon H2 Earnings Call Highlights" was originally published by MarketBeat.