Aegon Ltd. · EURONEXT:AGN
Aegon — Shareholder Meeting (June 2025)
51 slides from Aegon's shareholder meeting presentation, Jun 12, 2025
Slide 1: Welcome to Aegon's 2025 Annual General Meeting of Shareholders
Welcome to Aegon’s 2025 Annual General Meeting of Shareholders Bermuda, June 12, 2025
Slide 2: William L. Connelly, Chair of the Board
William L. Connelly Chair of the Board of Directors
Slide 3: Agenda item 1 Opening
Agenda item 1 Opening 3
Slide 4: Agenda item 2 Annual Report and Annual Accounts 2024
Annual Report and Agenda item 2 Annual Accounts 2024 4
Slide 5: Business Overview
Business Overview Agenda items 2.1 and 2.2 and presentation of the Annual Accounts 2024 5
Slide 6: Lard Friese, CEO
Lard Friese CEO ® aegon
Slide 7: Welcome
Welcome 7
Slide 8: Transforming Aegon
Transforming Aegon ▪ Strong progress made in 2024 on the transformation of Aegon ▪ Continue to deliver on our financial commitments and on track to meet 2025 targets ▪ Continued to return capital to shareholders during 2024 through various share buyback programs 8
Slide 9: Delivering on Aegon's commitments
Delivering on Aegon’s commitments Financial targets for 20251 (in EUR million) Operating capital generation2 Gross financial leverage 1,245 ~1,200 5,201 ~5,000 FY24 Target 2025 FY24 Target 2025 Free cash flow Dividend per share (in EUR) 759 ~800 ~0.40 0.35 FY24 Target 2025 FY24 Target 2025 1. Barrin
Slide 10: Transamerica on track to deliver the strategy
Transamerica on track to deliver the strategy Americas Distribution Savings & Investments Protection Solutions Financial Assets WFG licensed agents Net deposits mid-sized plans New individual life sales Capital employed (number in thousand) (in USD billion) (in USD million) (in USD million, at opera
Slide 11: Good performance in Asset Management and UK Workplace
Good performance in Asset Management and UK Workplace UK International Asset Management Net deposits New life sales Third-party net deposits (in GBP billion) (in EUR million) (in EUR billion) 314 13.7 0.1 21 266 27 9.2 3.7 144 1.8 132 4.5 103 (3.1) (3.5) (0.6) 71 (2.7) 46 35 (3.3) (1.2) FY23 FY24 FY
Slide 12: Purpose in action
Purpose in action • Achieved or exceeded 2025 sustainability targets • Announced 2030 sustainability targets • Customer-centricity and innovation • Increase in employee engagement throughout the organization 12
Slide 13: Concluding remarks
• Continued strong progress on Aegon’s transformation • Continued to deliver on our financial Concluding remarks commitments and on track to meet 2025 targets • Capital Markets Day in London on December 10, 2025 13
Slide 14: Thank you
YD aegon Thank you
Slide 15: Business Overview
Business Overview Agenda items 2.1 and 2.2 and presentation of the Annual Accounts 2024 15
Slide 16: Agenda item 2.3 Remuneration Report 2024
Agenda item 2.3 Remuneration Report 2024 Advisory vote 16
Slide 17: Dona Young, Chair of Compensation & HR Committee
Dona Young Chair of the Compensation & Human Resource Committee
Slide 18: 2024 Remuneration Report
Report content as published in the 2024 Integrated Annual Report 2024 Remuneration • Business and remuneration highlights • Remuneration at Aegon in general Report • Remuneration Report regarding the Non- Executive Directors • Remuneration Report regarding the Executive Director
Slide 19: 2024 Remuneration highlights
2024 Remuneration highlights • New Remuneration Policy adopted at the 2024 AGM for both Executive and Non-Executive Directors • Includes an updated labor market peer group to better reflect markets for talent • Non-Executive Directors changed to annual Board retainers (75% in cash and 25% in shares)
Slide 20: 2024 Non-Executive Director remuneration
2024 Non-Executive Director remuneration In EUR thousand Retainer cash Retainer shares Attendance fees 2) Benefits 3) Total 2024 Total 2023 1) William L. Connelly 375 125 - - 500 235 Mark A. Ellman 123 30 - - 153 135 Corien M. Wortmann 130 30 - - 160 145 Dona D. Young 150 30 60 - 240 164 Caroline Ra
Slide 21: 2024 CEO remuneration
2024 CEO remuneration Allocated remuneration in 2024 1 In EUR Fixed STI 2 Pension Benefits Total 2024 Total 2023 thousand 1,365 1,720 205 95 3,385 3,909 2024 Short-Term Incentive results and award Performance metrics Weight Target Result Score Operating Capital Generation 45% 1,161 1,245 136% Commer
Slide 22: Agenda item 2.3 Remuneration Report 2024
Agenda item 2.3 Remuneration Report 2024 Advisory vote 22
Slide 23: How to vote
▪ Please submit your vote by clicking on “for”, “against”, or “withheld” ▪ You can change your vote until the voting is closed ▪ A vote confirmation will be displayed Click here to vote How to vote 23
Slide 24: Agenda item 2.4 Approval of the final dividend 2024
Approval of the final dividend Agenda item 2.4 2024 Voting item 24
Slide 25: Dividend
Dividend ▪ It is proposed that the final dividend for 2024 will amount to EUR 0.19 per common share and EUR 0.00475 per common share B ▪ If approved, and in combination with the interim dividend paid over the first half of 2024, Aegon’s total dividend over 2024 will amount to EUR 0.35 per common sha
Slide 26: Proposal to appoint Ernst & Young Accounts LLP as auditor
Proposal to appoint Ernst & Young Accounts LLP Agenda item 3.1 as independent auditor for the 2026 financial year Voting item 26
Slide 27: Composition of the Board of Directors of Aegon Ltd.
Composition of the Board Agenda item 4 of Directors of Aegon Ltd. Voting item 27
Slide 28: Re-election of Mr. William Connelly
Re-election of Mr. William Agenda item 4.1 Connelly as member of the Board of Directors Voting item 28
Slide 29: Mr. William Connelly
Mr. William Connelly ▪ Age: 67 ▪ Nationality: French ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: 24,248 Memberships of other Boards: ▪ Independent Director at the Board of Directors of Société Générale ▪ Chairman of the Board of Directors of Amadeus IT Group, S.A. 29
Slide 30: Re-election of Mr. Mark Ellman
Re-election of Mr. Mark Agenda item 4.2 Ellman as member of the Board of Directors Voting item 30
Slide 31: Mr. Mark Ellman
Mr. Mark Ellman ▪ Age: 68 ▪ Nationality: American ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: 5,819 Memberships of other Boards: ▪ None 31
Slide 32: Re-election of Mr. Jack McGarry
Re-election of Mr. Jack McGarry Agenda item 4.3 as member of the Board of Directors Voting item 32
Slide 33: Mr. Jack McGarry
Mr. Jack McGarry ▪ Age: 67 ▪ Nationality: American ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: 5,819 Memberships of other Boards: ▪ None 33
Slide 34: Election of Ms. Lori Fouché
Election of Ms. Lori Fouché Agenda item 4.4 as member of the Board of Directors Voting item 34
Slide 35: Ms. Lori Fouché
Ms. Lori Fouché ▪ Age: 55 ▪ Nationality: American ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: none Memberships of other Boards: ▪ Non-Executive Director of Hippo Holdings Inc. ▪ Non-Executive Director of the Kraft Heinz Company 35
Slide 36: Election of Mr. David Herzog
Election of Mr. David Herzog Agenda item 4.5 as member of the Board of Directors Voting item 36
Slide 37: Mr. David Herzog
Mr. David Herzog ▪ Age: 65 ▪ Nationality: American ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: none Memberships of other Boards: ▪ Chairman of the Board of Directors of DXC Technology 37
Slide 38: Election of Mr. Jay Ralph
Election of Mr. Jay Ralph as Agenda item 4.6 member of the Board of Directors Voting item 38
Slide 39: Mr. Jay Ralph
Mr. Jay Ralph ▪ Age: 66 ▪ Nationality: American & Swiss ▪ Main occupation: Non-Executive Director ▪ Shares in Aegon: none Memberships of other Boards: ▪ Member of the Board of Directors of Swiss Reinsurance Co. Ltd., Zurich 39
Slide 40: Composition of the Board of Directors of Aegon Ltd.
Composition of the Board Agenda item 4 of Directors of Aegon Ltd. Voting item 40
Slide 41: Exclusion of pre-emptive rights and acquisition of shares
Exclusion of pre-emptive Agenda item 5 rights and acquisition of shares Voting item 41
Slide 42: Authorization to exclude pre-emptive rights, issuance under 10%
Authorization of the Board of Directors to restrict or exclude pre-emptive rights in connection with an issuance of common shares of less than Agenda item 5.1 10% of the Company’s issued share capital Voting item 42
Slide 43: Authorization to exclude pre-emptive rights, rights issue over 10%
Authorization of the Board of Directors to restrict or exclude pre-emptive rights in connection with a rights issue Agenda item 5.2 in excess of 10% of the Company’s issued share capital Voting item 43
Slide 44: Authorization to acquire shares in the Company
Authorization of the Board of Agenda item 5.3 Directors to acquire shares in the Company Voting item 44
Slide 45: Exclusion of pre-emptive rights and acquisition of shares
Exclusion of pre-emptive Agenda item 5 rights and acquisition of shares Voting item 45
Slide 46: Voting results
Voting results i aegon
Slide 47: Agenda item 6 Any Other Business
Agenda item 6 Any Other Business 47
Slide 48: Agenda item 7 Closing
Agenda item 7 Closing 48
Slide 49: Thank you
YD aegon Thank you
Slide 50: End of Aegon's Annual General Meeting of Shareholders 2025
End of Aegon’s 2025 Annual General Meeting of Shareholders
Slide 51: Live your best life