v3.26.1
Trust pass-through securities
12 Months Ended
Dec. 31, 2025
Text block 1 [Abstract]  
Trust pass-through securities
28 Trust pass-through securities
 
      Coupon rate      Coupon date      Issue /
  Maturity
     Year of next
call 
2
    
   2025
        2024  
USD 225 million
1
     7.65%        Semi-annually, December 1        1996/2026        n.a.        57        66  
USD 190 million
1
     7.625%       
Semi-annually, November 15
       1997/2037        n.a.        42        47  
On December 31
                                      
 
99
 
  
 
113
 
Fair value
                                         118        133  
 
1
 
Issued by a subsidiary of, and guaranteed by Aegon Ltd.
2
 
n.a. in the above table should be read as “not applicable.”
Trust pass-through securities are securities through which the holder participates in a trust. The assets of these trusts consist of junior subordinated deferrable interest debentures issued by Transamerica Corporation. The trust pass-through securities include provisions for deferring distributions for extension periods up to 10 consecutive semi-annual periods.
The trust pass- through securities are subordinated to all other unsubordinated borrowings and liabilities of Transamerica Corporation. 
There were no defaults or breaches of conditions during the period.