Aegon Limited (AEG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.824 -- 00:00:05.110 Good morning, everyone. I would like to welcome you to this conference call on Agon's 00:00:05.110 -- 00:00:07.334 first quarter 2025 trading 00:00:07.334 -- 00:00:12.141 update. My name is Yves Cormier, Head of Investor Relations, and joining me today to 00:00:12.141 -- 00:00:17.529 take you through our progress are Agon CEO, Lars Friese, and CFO, Duncan Russell. 00:00:17.529 -- 00:00:22.156 Before we start, we would like to ask you to review our disclaimer on forward-looking 00:00:22.156 -- 00:00:25.862 statements, which you can find at the end of the presentation. 00:00:25.862 -- 00:00:29.665 With that, I would like to give the floor to Lars. 00:00:30.102 -- 00:00:33.646 Thank you, Eve, and good morning, everyone. 00:00:33.646 -- 00:00:38.831 I will start today's presentation by running through our strategic and commercial developments 00:00:38.831 -- 00:00:44.738 before handing over to Duncan, who will update you on our capital results in more detail. 00:00:44.738 -- 00:00:50.322 So let me begin on slide number two with the key messages for the quarter. 00:00:50.724 -- 00:00:56.290 In Q1 2025, we continued to execute our strategy to grow and transform 00:00:56.290 -- 00:01:01.290 our businesses, and Despite the recent volatility in the financial markets, we 00:01:01.290 -- 00:01:06.655 are confident in our ability to deliver on our strategy and our targets. 00:01:06.655 -- 00:01:11.959 Operating capital generation before holding and funding expenses amounted to 267 00:01:11.959 -- 00:01:17.524 million euros, driven by business growth in most strategic assets, which 00:01:17.524 -- 00:01:21.588 was partly offset by unfavorable mortality experience in our U.S. 00:01:21.588 -- 00:01:23.730 financial assets. 00:01:23.730 -- 00:01:2...