EX-7 2 d310204dex7.htm EX-7 EX-7
380   Additional information Exhibit 7

 

Exhibit 7

RATIO OF EARNINGS TO FIXED CHARGES

 

Year ended December 31,            2016              2015             2014              2013              2012  

Earnings:

             

Income before taxes (restated) 1)

     610        (514     916        1,236        2,024  

Add: Fixed charges included in earnings

     1,530        1,643       1,542        1,746        2,151  

(A) Total Earnings

     2,140        1,129       2,458        2,981        4,175  

Fixed charges:

             

Interest

     347        412       371        355        519  

Interest on fixed annuities, investment contracts and savings accounts

     1,183        1,232       1,171        1,391        1,632  

Sub-total fixed charges included in earnings

     1,530        1,643       1,542        1,746        2,151  

Dividend on preferred shares

     -        -       -        24        59  

Coupons on perpetual capital securities

     140        148       171        194        230  

Coupons on Non-Cumulative Subordinated Notes

     38        38       32        28        30  

(B) Total fixed charges

     1,708        1,829       1,744        1,992        2,470  

Ratio: (A) / (B)

     1.3        0.6       1.4        1.5        1.7  

Ratio excluding interest on fixed annuities, investment contracts and savings accounts

     1.8        (0.2     2.2        2.6        3  
  1  Refer to note 2.1.2 Voluntary changes in accounting policies of the consolidated financial statements of Aegon N.V. for details about these changes.  

 

  LOGO         Annual Report on Form 20-F 2016