Aegon Ltd. New York Registry Shares

Group solvency stood at 184% at year-end 2025 and the U.S. RBC ratio at an estimated 424%, both above operating levels. Cash Capital at Holding was EUR 1.3 billion, within the group’s operating range, despite sizable 2025-2026 capital returns and an USD 0.8 billion capital injection to neutralize the SGUL transaction’s RBC impact.

Aegon’s operating subsidiaries hold solid external ratings (e.g., AM Best A for Transamerica), and the holding company is investment grade (S&P BBB+). Gross financial leverage declined to about EUR 4.85–4.9 billion by year-end 2025. These metrics indicate good resilience to shocks, though not at the very top of the sector.