v3.26.1
Borrowings
6 Months Ended
Jun. 30, 2026
Borrowings [abstract]  
Borrowings
14 Borrowings
 
    
 
  June 30, 2026
 
     December 31, 2025  
Capital funding
     1,849        1,396  
Operational funding
     382        586  
Total borrowings
  
 
2,230
 
  
 
1,982
 
Capital funding increased by EUR 453 million mainly due to issuance of USD 500 million senior unsecured notes with a fixed coupon of 5.625% and a tenor of ten years. The notes were issued by Aegon Funding Company LLC and guaranteed on a senior unsecured basis by Aegon Ltd. The maturity date is May 7, 2036.
In 2026, the operational funding decreased mainly due to the
paydown
of
Federal
Home Loan Bank (FHLB) borrowings. This borrowing program is part of Aegon’s asset–liability management strategy.