AEGON LTD. (AEFC) SEC Filings

AEGON LTD. director Karen Fawcett has filed an initial ownership report showing she directly holds 11,387 Common Shares of the company. This total includes 7,585 Common Shares that are subject to time-based vesting under applicable grant agreements, reflecting both currently owned and unvested equity awards.

AEGON LTD. director Mark Alan Ellman filed an initial Form 3 showing his beneficial ownership in the company. He reports holding 15,673 Common Shares, held directly. This total includes 9,854 Common Shares that are subject to time-based vesting under applicable grant agreements.

AEGON LTD. director Albert Benchimol filed an initial ownership report showing beneficial ownership of 15,673 Common Shares held directly. This total includes 9,854 Common Shares that are subject to time-based vesting in accordance with applicable grant agreements, indicating a substantial portion is tied to service-based equity awards.

Vereniging Aegon filed an amended Schedule 13D reporting its sizeable holding in Aegon Ltd.. It beneficially owns 268,237,507 common shares, representing 17.05% of the class, based on 1,487,579,403 common shares outstanding as of March 9, 2026.

The filing details several agreements under which Aegon repurchased shares from Vereniging Aegon as part of broader buyback programs. In the January 2025 program, Aegon repurchased 25,200,170 common shares for EUR 20,000,000, with transfers made weekly through June 30, 2025.

Under a July 2025 program later increased in August 2025, Aegon repurchased 61,197,437 common shares from Vereniging Aegon for a total of EUR 71,000,000, also in weekly installments through December 15, 2025. A January 2026 agreement provides for a further EUR 37,000,000 of buybacks, with the share count tied to the volume‑weighted average price on Euronext Amsterdam. Vereniging Aegon states it structured these deals so its ownership percentage remains approximately unchanged after each program. Including 327,885,200 Common Shares B, it controls 32.64% of Aegon’s total voting power.

Aegon Ltd. reported strong second-half and full-year 2025 performance, meeting or beating all targets set at its 2023 Capital Markets Day. Full-year IFRS operating result reached EUR 1.7 billion, up 15% from 2024, while operating capital generation for 2025 was EUR 1.3 billion, ahead of the EUR 1.2 billion goal.

The company generated EUR 829 million of free cash flow and returned EUR 1.1 billion to shareholders via dividends and buybacks. Aegon proposes a final 2025 dividend of EUR 0.21 per share, taking the full-year dividend to EUR 0.40, a 14% increase. A EUR 400 million 2025 buyback was completed, canceling 97 million shares, and a new EUR 400 million program is planned for 2026.

Business momentum was broad-based: Transamerica’s WFG network grew to 95,740 licensed agents, US Individual Life new sales rose 49% in 2H 2025, and Retirement Plans gross deposits increased 16%. Group solvency remained strong with a 184% solvency ratio and a US RBC ratio of 424%. Net result for 2H 2025 declined to EUR 375 million as higher non-operating losses and restructuring and relocation costs offset the stronger underlying operating result.

Dodge & Cox has reported a sizable passive stake in Aegon Ltd. As of 12/31/2025, it beneficially owned 93,469,947 Aegon common equity securities, representing 5.9% of the class. This includes 22,947,116 Common Shares and 70,522,831 New York Registry Shares.

Dodge & Cox reports sole voting power over 89,995,507 shares and sole dispositive power over all 93,469,947 shares, with no shared voting or dispositive authority. The economic benefits from dividends and sale proceeds belong to its clients, and the holdings are certified as being for ordinary-course, non‑control purposes.

Norges Bank, the central bank of Norway, has filed an amended Schedule 13G reporting a significant ownership position in Aegon Ltd common stock. As of 12/31/2025, Norges Bank beneficially owned 88,813,381 Aegon common shares, representing 5.6% of the class. The filing shows sole voting power over 86,853,561 shares and sole dispositive power over the same amount, with shared dispositive power over an additional 1,959,820 shares and no shared voting power.

The position is reported on a passive Schedule 13G basis, with Norges Bank certifying that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Aegon. The filing notes that certain shares are invested on behalf of the Government of Norway.

BlackRock, Inc. has filed a Schedule 13G reporting a passive ownership stake in AEGON LTD common stock. As of the event date of 12/31/2025, BlackRock reports beneficial ownership of 84,994,771 shares, representing 5.4% of AEGON’s outstanding common stock.

BlackRock reports sole voting power over 78,408,449 shares and sole dispositive power over 84,994,771 shares, with no shared voting or dispositive power. The filing states that the securities are held in the ordinary course of business and are not held for the purpose of changing or influencing control of AEGON LTD.

Aegon Ltd has started a EUR 227 million share buyback. This includes EUR 200 million of the EUR 400 million program announced on December 10, 2025, plus EUR 27 million to cover obligations from share-based compensation plans for senior management. The buyback is expected to run until June 30, 2026, barring unforeseen circumstances.

Aegon’s largest shareholder, Vereniging Aegon, will participate pro‑rata based on its 18.4% of current voting rights, representing a buyback amount of EUR 37 million. Aegon plans to cancel the shares associated with the EUR 200 million component, while a third party will execute transactions on its behalf under the EU Market Abuse Regulation and existing shareholder authorities.