The Hague, May 16, 2024 - Please click here
(https://www.aegon.com/investors/results) to access all 1Q2024 Trading Update
related documents.

  * EUR 256 million operating capital generation before holding funding and
    operating expenses, on track to achieve guidance of around EUR 1.1 billion
    for 2024
  * Capital ratios remain robust, above their respective operating levels
  * Cash Capital at Holding remains strong at EUR 2.0 billion, reflecting 85%
    completion of the ongoing EUR 1.535 billion share buyback program
  * Planned new EUR 200 million share buyback program announced, expected to be
    completed by the end of 2024

* Reporting structure of US business amended to better reflect the US strategy

    as set out at the June 2023 Capital Markets Day
  * Continued strong sales growth in US Strategic Assets, UK Workplace
    businesses and Brazilian life insurance business. Positive third-party net
    flows at Asset Management business. UK Retail business continues to be
    affected by challenging market conditions

Lard Friese, Aegon CEO, commented:
"The beginning of the year was marked by continued positive commercial momentum
in the US and Brazil, as well as net inflows at our asset manager, and was
underscored by solid operating capital generation of EUR 256 million, as well as
healthy capital ratios in our main operating units.
In the US, we continued to execute upon our strategy to transform Transamerica
into America's leading middle market life insurance and retirement company.
Individual Life generated new life sales of USD?119?million, an increase of 5%
compared with the same period in 2023. World Financial Group's (WFG) sales force
grew by 13% to almost 76,000 licensed agents, driven by continued successful
recruiting and training efforts. Retirement Plans reported net deposits of USD
1.0 billion, driven by the middle market. We also continued to execute the
management actions we announced last year to reduce our exposure to Financial
Assets, including the repurchase of institutionally owned universal life
policies and the premium rate increase program in long-term care.
Our joint venture in Brazil, Mongeral Aegon Group, continued its strong
performance, with life sales increasing by 22% to EUR 28 million.
Our UK Workplace segment saw continued high levels of inflows due to the
onboarding of new schemes and net deposits from existing participants, despite
being negatively impacted by the loss of a low margin scheme. Performance at the
UK's Retail segment continued to be impacted by reduced customer activity due to
the current macro-economic environment, as well as an industry-wide reduction of
transfers from defined benefit to defined contribution pension schemes.
In our asset management business, both Global Platforms and Strategic
Partnerships saw net inflows. Global Platforms third party reported net inflows
of EUR 2.6 billion, mostly driven by fixed income in the UK. Strategic
Partnerships saw net inflows of EUR 2.1 billion, driven by Aegon's Chinese asset
management joint venture.
Today, we announce a planned new share buyback program of EUR 200 million. We
expect the new program to start at the beginning of July 2024, and to complete
it by the end of 2024.
These results represent a good start to the year as we continue to work hard to
transform our company and deliver upon our 2025 financial targets. I look
forward to providing you with an update on our plans to drive growth in our UK
business at our teach-in on June 25."
Additional information
Presentation
The conference call presentation is available on aegon.com
(http://www.aegon.com/results) as of 7.00 am CEST.
Supplements
Aegon's first quarter 2024 Trading Update Supplement and other supplementary
documents are available on aegon.com (http://www.aegon.com/results).
Conference call including Q&A
The conference call starts at 9:00 am CEST, with an audio webcas
(https://events.q4inc.com/earnings/AEG/Aegon-1Q-2024-Trading-Update)t on
aegon.com. To join the conference call and/or participate in the Q&A, you will
need to register via the following registration link
(https://register.vevent.com/register/BI8a3396bcb38942e28361e76e74cc4c27).
Directly after registration you will see your personal pin on the confirmation
screen and additionally you will receive an email with the call details and
again your personal pin to enter the conference call. To avoid any unforeseen
connection issues, it is recommended to make use of the 'call me' option. Two
hours after the conference call, a replay will be available on aegon.com.
Click to join
With 'Call me', there's no need to dial-in. Simply click the following
registration link
(https://register.vevent.com/register/BI8a3396bcb38942e28361e76e74cc4c27) and
select the option 'Call me'.
Enter your information and you will be called back to directly join the
conference. The link becomes active 15 minutes prior to the scheduled start
time. Should you wish not to use the 'click to join' function, dial-in numbers
are also available. For passcode: you will receive a personal pin
upon?registration
(https://register.vevent.com/register/BI8a3396bcb38942e28361e76e74cc4c27).
Dial-in numbers for conference call:
United States: +1 864 991 4103 (local)
United Kingdom: +44 808 175 1536 (toll-free)
The Netherlands: +31 800 745 8377 (toll-free)
The Netherlands: +31 970 102 86838 (toll)
Financial calendar 2024
Annual General Meeting - June 12, 2024
Aegon UK Strategy Teach-In (webinar) - June 25, 2024
First half 2024 results - August 22, 2024
Third quarter 2024 trading update - November 15, 2024
About Aegon
Aegon is an international financial services holding company. Aegon's ambition
is to build leading businesses that offer their customers investment,
protection, and retirement solutions. Aegon's portfolio of businesses includes
fully owned businesses in the United States and United Kingdom, and a global
asset manager. Aegon also creates value by combining its international expertise
with strong local partners via insurance joint-ventures in Spain & Portugal,
China, and Brazil, and via asset management partnerships in France and China. In
addition, Aegon owns a Bermuda-based life insurer and generates value via a
strategic shareholding in a market leading Dutch insurance and pensions company.
Aegon's purpose of helping people live their best lives runs through all its
activities. As a leading global investor and employer, Aegon seeks to have a
positive impact by addressing critical environmental and societal issues, with a
focus on climate change and inclusion & diversity. Aegon is headquartered in The
Hague, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam
and the New York Stock Exchange. More information can be found at aegon.com.
More information can be found at aegon.com. (http://www.aegon.com/about/)
Contacts

  Media relations                 Investor relations
  Richard Mackillican             Yves Cormier
  +31(0) 6 27411546               +31(0) 70 344 8028
  richard.mackillican@aegon.com   yves.cormier@aegon.com

Currency exchange rates
This document contains certain information about Aegon's results, financial
condition and revenue generating investments presented in USD for the Americas
and in GBP for the United Kingdom, because those businesses operate and are
managed primarily in those currencies. None of this information is a substitute
for or superior to financial information about Aegon presented in EUR, which is
the currency of Aegon's primary financial statements.
Forward-looking statements
The statements contained in this document that are not historical facts are
forward-looking statements as defined in the US Private Securities Litigation
Reform Act of 1995. The following are words that identify such forward-looking
statements: aim, believe, estimate, target, intend, may, expect, anticipate,
predict, project, counting on, plan, continue, want, forecast, goal, should,
would, could, is confident, will, and similar expressions as they relate to
Aegon. These statements may contain information about financial prospects,
economic conditions and trends and involve risks and uncertainties. In addition,
any statements that refer to sustainability, environmental and social targets,
commitments, goals, efforts and expectations and other events or circumstances
that are partially dependent on future events are forward-looking statements.
These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Aegon undertakes no
obligation, and expressly disclaims any duty, to publicly update or revise any
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which merely reflect company expectations at
the time of writing. Actual results may differ materially and adversely from
expectations conveyed in forward-looking statements due to changes caused by
various risks and uncertainties. Such risks and uncertainties include but are
not limited to the following:

  * Unexpected delays, difficulties, and expenses in executing against Aegon's
    environmental, climate, diversity and inclusion or other "ESG" targets,

goals and commitments, and changes in laws or regulations affecting us, such

    as changes in data privacy, environmental, safety and health laws;
  * Changes in general economic and/or governmental conditions, particularly in
    Bermuda, the United States, the Netherlands and the United Kingdom;
  * Civil unrest, (geo-) political tensions, military action or other
    instability in a country or geographic region;

* Changes in the performance of financial markets, including emerging markets,

    such as with regard to:
      * The frequency and severity of defaults by issuers in Aegon's fixed
        income investment portfolios;
      * The effects of corporate bankruptcies and/or accounting restatements on
        the financial markets and the resulting decline in the value of equity
        and debt securities Aegon holds;
      * The effects of declining creditworthiness of certain public sector

securities and the resulting decline in the value of government exposure

        that Aegon holds;
      * The impact from volatility in credit, equity, and interest rates;
  * Changes in the performance of Aegon's investment portfolio and decline in
    ratings of Aegon's counterparties;
  * Lowering of one or more of Aegon's debt ratings issued by recognized rating

organizations and the adverse impact such action may have on Aegon's ability

    to raise capital and on its liquidity and financial condition;
  * Lowering of one or more of insurer financial strength ratings of Aegon's
    insurance subsidiaries and the adverse impact such action may have on the
    written premium, policy retention, profitability and liquidity of its
    insurance subsidiaries;

* The effect of applicable Bermuda solvency requirements, the European Union's

    Solvency II requirements, and applicable equivalent solvency requirements
    and other regulations in other jurisdictions affecting the capital Aegon is
    required to maintain;

* Changes in the European Commissions' or European regulator's position on the

    equivalence of the supervisory regime for insurance and reinsurance
    undertakings in force in Bermuda;
  * Changes affecting interest rate levels and low or rapidly changing interest
    rate levels;
  * Changes affecting currency exchange rates, in particular the EUR/USD and
    EUR/GBP exchange rates;
  * Changes affecting inflation levels, particularly in the United States, the
    Netherlands and the United Kingdom;

* Changes in the availability of, and costs associated with, liquidity sources

    such as bank and capital markets funding, as well as conditions in the
    credit markets in general such as changes in borrower and counterparty
    creditworthiness;
  * Increasing levels of competition, particularly in the United States, the
    Netherlands, the United Kingdom and emerging markets;
  * Catastrophic events, either manmade or by nature, including by way of
    example acts of God, acts of terrorism, acts of war and pandemics, could
    result in material losses and significantly interrupt Aegon's business;
  * The frequency and severity of insured loss events;
  * Changes affecting longevity, mortality, morbidity, persistence and other
    factors that may impact the profitability of Aegon's insurance products;
  * Aegon's projected results are highly sensitive to complex mathematical

models of financial markets, mortality, longevity, and other dynamic systems

    subject to shocks and unpredictable volatility. Should assumptions to these
    models later prove incorrect, or should errors in those models escape the
    controls in place to detect them, future performance will vary from
    projected results;
  * Reinsurers to whom Aegon has ceded significant underwriting risks may fail
    to meet their obligations;

* Changes in customer behavior and public opinion in general related to, among

    other things, the type of products Aegon sells, including legal, regulatory
    or commercial necessity to meet changing customer expectations;
  * Customer responsiveness to both new products and distribution channels;
  * Third-party information used by us may prove to be inaccurate and change
    over time as methodologies and data availability and quality continue to
    evolve impacting our results and disclosures;
  * As Aegon's operations support complex transactions and are highly dependent
    on the proper functioning of information technology, operational risks such
    as system disruptions or failures, security or data privacy breaches,
    cyberattacks, human error, failure to safeguard personally identifiable
    information, changes in operational practices or inadequate controls
    including with respect to third parties with which Aegon does business, may
    disrupt Aegon's business, damage its reputation and adversely affect its
    results of operations, financial condition and cash flows;
  * The impact of acquisitions and divestitures, restructurings, product
    withdrawals and other unusual items, including Aegon's ability to complete,
    or obtain regulatory approval for, acquisitions and divestitures, integrate
    acquisitions, and realize anticipated results, and its ability to separate
    businesses as part of divestitures;
  * Aegon's failure to achieve anticipated levels of earnings or operational
    efficiencies, as well as other management initiatives related to cost
    savings, Cash Capital at Holding, gross financial leverage and free cash
    flow;
  * Changes in the policies of central banks and/or governments;
  * Litigation or regulatory action that could require Aegon to pay significant
    damages or change the way Aegon does business;
  * Competitive, legal, regulatory, or tax changes that affect profitability,
    the distribution cost of or demand for Aegon's products;
  * Consequences of an actual or potential break-up of the European Monetary

Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
* Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away
from multilateral approaches to regulation of global or national operations,

    particularly regarding those laws and regulations related to ESG matters,
    those affecting Aegon's operations' ability to hire and retain key
    personnel, taxation of Aegon companies, the products Aegon sells, and the
    attractiveness of certain products to its consumers;
  * Regulatory changes relating to the pensions, investment, and insurance
    industries in the jurisdictions in which Aegon operates;
  * Standard setting initiatives of supranational standard setting bodies such
    as the Financial Stability Board and the International Association of
    Insurance Supervisors or changes to such standards that may have an impact
    on regional (such as EU), national or US federal or state level financial

regulation or the application thereof to Aegon, including the designation of

    Aegon by the Financial Stability Board as a Global Systemically Important
    Insurer (G-SII);
  * Changes in accounting regulations and policies or a change by Aegon in
    applying such regulations and policies, voluntarily or otherwise, which may
    affect Aegon's reported results, shareholders' equity or regulatory capital
    adequacy levels;
  * Changes in ESG standards and requirements, including assumptions,

methodology and materiality, or a change by Aegon in applying such standards

    and requirements, voluntarily or otherwise, may affect Aegon's ability to
    meet evolving standards and requirements, or Aegon's ability to meet its
    sustainability and ESG-related goals, or related public expectations, which

may also negatively affect Aegon's reputation or the reputation of its board of directors or its management; and
* Reliance on third-party information in certain of Aegon's disclosures, which

    may change over time as methodologies and data availability and quality
    continue to evolve. These factors, as well as any inaccuracies in third-
    party information used by Aegon, including in estimates or assumptions, may

cause results to differ materially and adversely from statements, estimates,

    and beliefs made by Aegon or third-parties. Moreover, Aegon's disclosures
    based on any standards may change due to revisions in framework
    requirements, availability of information, changes in its business or
    applicable governmental policies, or other factors, some of which may be
    beyond Aegon's control. Additionally, Aegon may provide information that is
    not necessarily material for SEC reporting purposes but that is informed by
    various ESG standards and frameworks (including standards for the
    measurement of underlying data), internal controls, and assumptions or
    third-party information that are still evolving and subject to change.

This document contains information that qualifies, or may qualify, as inside
information within the meaning of Article 7(1) of the EU Market Abuse Regulation
(596/2014). Further details of potential risks and uncertainties affecting Aegon
are described in its filings with the Netherlands Authority for the Financial
Markets and the US Securities and Exchange Commission, including the 2022
Integrated Annual Report. These forward-looking statements speak only as of the
date of this document. Except as required by any applicable law or regulation,
Aegon expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in Aegon's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.
WORLD FINANCIAL GROUP (WFG):
WFG CONSISTS OF:
IN THE UNITED STATES, WORLD FINANCIAL GROUP INSURANCE AGENCY, LLC (IN
CALIFORNIA, DOING BUSINESS AS WORLD FINANCIAL INSURANCE AGENCY, LLC), WORLD
FINANCIAL GROUP INSURANCE AGENCY OF HAWAII, INC., WORLD FINANCIAL GROUP
INSURANCE AGENCY OF MASSACHUSETTS, INC., AND / OR WFG INSURANCE AGENCY OF PUERTO
RICO, INC. (COLLECTIVELY WFGIA), WHICH OFFER INSURANCE AND ANNUITY PRODUCTS.
IN THE UNITED STATES, TRANSAMERICA FINANCIAL ADVISORS, INC. IS A FULL-SERVICE,
FULLY LICENSED, INDEPENDENT BROKER-DEALER AND REGISTERED INVESTMENT ADVISOR.
TRANSAMERICA FINANCIAL ADVISORS, INC. (TFA), MEMBER FINRA, MSRB, SIPC , AND
REGISTERED INVESTMENT ADVISOR, OFFERS SECURITIES AND INVESTMENT ADVISORY
SERVICES.
IN CANADA, WORLD FINANCIAL GROUP INSURANCE AGENCY OF CANADA INC. (WFGIAC), WHICH
OFFERS LIFE INSURANCE AND SEGREGATED FUNDS. WFG SECURITIES INC. (WFGS), WHICH
OFFERS MUTUAL FUNDS.
WFGIAC AND WFGS ARE AFFILIATED COMPANIES.
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