Other equity instruments (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure - Other Equity Instruments - Summary of Other Equity Instruments

	Junior perpetual capital securities			Perpetual cumulative subordinated bonds		Share options and incentive plans ¹			Non-cumulative subordinated notes			Total
At January 1, 2018		3,008			454		61			271			3,794
Shares granted		-			-		16			-			16
Shares vested		-			-		(19	)		-			(19	)
Securities redeemed		(200	)		-		-			(271	)		(471	)
At December 31, 2018		2,808			454		58			-			3,320

At January 1, 2017		3,008			454		65			271			3,797
Shares granted		-			-		26			-			26
Shares vested		-			-		(30	)		-			(30	)
At December 31, 2017		3,008			454		61			271			3,794

At January 1, 2016		3,008			454		68			271			3,800
Shares granted		-			-		13			-			13
Shares vested		-			-		(16	)		-			(16	)
At December 31, 2016		3,008			454		65			271			3,797

¹	Share options and incentive plans include the shares and options granted to personnel which are not yet vested.

Junior perpetual capital securities [member]

Statement [LineItems]

Summary of Coupon Details

Junior perpetual capital securities	Coupon rate	Coupon date, as of	Year of next call	2018	2017	2016
USD 500 million	6.50%	Quarterly, December 15	2019	424	424	424
USD 250 million	floating LIBOR rate ¹	Quarterly, December 15	2019	212	212	212
USD 500 million	floating CMS rate ²	Quarterly, July 15	2019	402	402	402
USD 1 billion	6.375%	Quarterly, June 15	2019	821	821	821
EUR 950 million	floating DSL rate ³	Quarterly, July 15	2019	950	950	950
EUR 200 million	6.0%	Annually, July 21	Called in 2018	-	200	200
At December 31				2,808	3,008	3,008

¹	The coupon of the USD 250 million junior perpetual capital securities is reset each quarter based on the then prevailing three-month LIBOR yield plus a spread of 87.5 basis points, with a minimum of 4%.

²	The coupon of the USD 500 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year US dollar interest rate swap yield plus a spread of ten basis points, with a maximum of 8.5%.

³	The coupon of the EUR 950 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year Dutch government bond yield plus a spread of ten basis points, with a maximum of 8%.

Perpetual cumulative subordinated bonds [member]

Statement [LineItems]

Summary of Coupon Details


Perpetual cumulative subordinated bonds	Coupon rate	Coupon date	Year of next call	2018	2017	2016
EUR 203 million	4.260% ^{1, 4}	Annual, March 4	2021	203	203	203
EUR 114 million	1.506% ^{2, 4}	Annual, June 8	2025	114	114	114
EUR 136 million	1.425% ^{3, 4}	Annual, October 14	2028	136	136	136
At December 31				454	454	454

¹	The coupon of the EUR 203 million bonds was originally set at 7.125% until March 4, 2011. Subsequently, the coupon has been reset at 4.26% until March 4, 2021.

²	The coupon of the EUR 114 million bonds was originally set at 8% until June 8, 2005. Subsequently, the coupon has been reset at 4.156% until June 8, 2015 and 1.506% until June 8, 2025.

³	The coupon of the EUR 136 million bonds was originally set at 7.25% until October 14, 2008. Subsequently, the coupon has been reset at 5.185% until October 14, 2018 and 1.425% until October 14, 2028.

⁴	If the bonds are not called on the respective call dates and after consecutive period of ten years, the coupons will be reset at the then prevailing effective yield of ten-year Dutch government securities plus a spread of 85 basis points.

Non-cumulative subordinated notes [member]

Statement [LineItems]

Summary of Coupon Details

Non-cumulative subordinated notes

Coupon rate

Coupon date

Year of
next call

2018

2017

2016

USD 525 million

Quarterly, February 15

Called in 2018

271

At December 31

271

Aegon N.V [member]

Statement [LineItems]

Disclosure - Other Equity Instruments - Summary of Other Equity Instruments


	Junior perpetual capital securities			Perpetual cumulative subordinated bonds		Share options and incentive plans ¹⁾			Non-cumulative subordinated notes			Total
At January 1, 2018		3,008			454		61			271			3,794

Shares granted		-			-		16			-			16

Shares vested		-			-		(19	)		-			(19	)

Securities redeemed		(200	)		-		-			(271	)		(471	)
At December 31, 2018		2,808			454		58			-			3,320

At January 1, 2017		3,008			454		65			271			3,797

Shares granted		-			-		26			-			26

Shares vested		-			-		(30	)		-			(30	)
At December 31, 2017		3,008			454		61			271			3,794

¹	Share options and incentive plans include the shares and options granted to personnel which are not yet vested.

Aegon N.V [member] | Junior perpetual capital securities [member]

Statement [LineItems]

Summary of Coupon Details

Junior perpetual capital securities	Coupon rate		Coupon date, as of		Year of next call		2018		2017
USD 500 million		6.50%		Quarterly, December 15		2019		424		424

USD 250 million		floating LIBOR rate ¹		Quarterly, December 15		2019		212		212

USD 500 million		floating CMS rate ²		Quarterly, July 15		2019		402		402

USD 1 billion		6.375%		Quarterly, June 15		2019		821		821

EUR 950 million		floating DSL rate ³		Quarterly, July 15		2019		950		950

EUR 200 million		6.0%		Annually, July 21		Called in 2018		-		200
At December 31								2,808		3,008

¹	The coupon of the USD 250 million junior perpetual capital securities is reset each quarter based on the then prevailing three-month LIBOR yield plus a spread of 87.5 basis points, with a minimum of 4%.

²	The coupon of the USD 500 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year US dollar interest rate swap yield plus a spread of ten basis points, with a maximum of 8.5%.

³	The coupon of the EUR 950 million junior perpetual capital securities is reset each quarter based on the then prevailing ten-year Dutch government bond yield plus a spread of ten basis points, with a maximum of 8%.

Aegon N.V [member] | Perpetual cumulative subordinated bonds [member]

Statement [LineItems]

Summary of Coupon Details

Perpetual cumulative subordinated bonds

Coupon rate

Coupon date

Year of next call

2018

2017

EUR 203 million

4.260% ^1,⁴

Annual, March 4

2021

203

EUR 114 million

1.506% ^2, ⁴

Annual, June 8

2025

114

EUR 136 million

1.425% ^3,⁴

Annual, October 14

2028

136

At December 31

454

¹	The coupon of the EUR 203 million bonds was originally set at 7.125% until March 4, 2011. Subsequently, the coupon has been reset at 4.26% until March 4, 2021.

²	The coupon of the EUR 114 million bonds was originally set at 8% until June 8, 2005. Subsequently, the coupon has been reset at 4.156% until June 8, 2015 and 1.506% until June 8, 2025.

³	The coupon of the EUR 136 million bonds was originally set at 7.25% until October 14, 2008. Subsequently, the coupon has been reset at 5.185% until October 14, 2018 and 1.425% until October 14, 2028.

⁴	If the bonds are not called on the respective call dates and after consecutive period of ten years, the coupons will be reset at the then prevailing effective yield of ten-year Dutch government securities plus a spread of 85 basis points.

Aegon N.V [member] | Non-cumulative subordinated notes [member]

Statement [LineItems]

Summary of Coupon Details

Non-cumulative subordinated notes

Coupon rate

Coupon date, as of

Year of next call

2018

2017

USD 525 million

Quarterly, February 15

Called in 2018

271

At December 31

271