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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2018
Statement [LineItems]  
Summary of Borrowings

  		                 2018                       2017  

Capital funding

      1,774         2,280  

Operational funding

      10,287         11,355  

At December 31

      12,061         13,635  

Current

      1,379         1,692  

Non-current

      10,682         11,943  

Fair value of borrowings

      12,421         14,03
Summary of Undrawn Committed Borrowings Facilities

The difference between the contractually required payment at maturity date and the carrying amount of the borrowings amounted to EUR (8) million (2017: EUR 9 million).

 

Undrawn committed borrowing facilities:                    2018                               2017  

Floating-rate

      

- Expiring within one year

      260         197  

- Expiring beyond one year

      3,420         3,170  

At December 31

      3,680         3,367  

 
Capital funding [member]  
Statement [LineItems]  
Summary of Borrowings

A detailed composition of capital funding is included in the following table:

 

(sorted at maturity)    Coupon rate     Coupon date      Issue/  
        Maturity  		                  2018                   2017  

EUR 500 million Unsecured Notes

      0 %      August 30        2017/18          -         500  

EUR 75 million Medium-Term Notes 1

      4.625 %      December 9        2004/19          78         82  

USD 500 million Senior Notes 1, 2

      5.75 %      Semi-annually        2005/20          457         455  

EUR 500 million Senior Unsecured Notes

      1.00 %      December 8        2016/23          496         495  

GBP 250 million Medium-Term Notes

      6.125 %      December 15        1999/31          277         279  

GBP 400 million Senior Unsecured Notes

      6.625 %      Semi-annually        2009/39          440         445  

Other

              26         24  

At December 31

                                1,774         2,280  
1 

Measured at fair value.
2 

Issued by subsidiaries of, and guaranteed by, Aegon N.V.
Operational funding [member]  
Statement [LineItems]  
Summary of Borrowings

  		 Coupon rate      Coupon date      Issue/  
        Maturity  		              2018                   2017  

Revolving Loan Facility Warehouse Mortgage Loans 1

      Floating        Monthly        - /2018-20          375         729  

EUR 1,123 million “SAECURE 13” RMBS Note 1, 2

      Floating        Quarterly        2013/18          -         750  

EUR 1,367 million “SAECURE 14” RMBS Note 1, 3

      Floating        Quarterly        2014/19          874         994  

EUR 1,443 million “SAECURE 15” RMBS Note 1, 4

      Floating        Quarterly        2014/20          1,038         1,164  

EUR 875 million “SAECURE 16” RMBS Note 1, 5

      Floating        Quarterly        2018/23          875         -    

EUR 750 million Conditional Pass-Through Covered Bond 1, 6

      0.267%        Annual        2015/20          748         747  

EUR 500 million Conditional Pass-Through Covered Bond 1, 7

      0.250%        Annual        2016/23          497         496  

EUR 500 million Conditional Pass-Through Covered Bond 1, 8

      0.750%        Annual        2017/27          488         486  

EUR 500 million Conditional Pass-Through Covered Bond 1, 9

      0.375%        Annual        2017/24          497         497  

USD 1.54 billion Variable Funding Surplus Note 10, 11

      Floating        Quarterly        2006/36          1,388         1,322  

FHLB Secured borrowings 1

      Floating        Quarterly        2016/46          3,495         4,160  

Other

               12         10  

At December 31

                                 10,287         11,355  
1 

Issued by a subsidiary of Aegon N.V.
2 

The Notes were called for redemption on the first optional redemption date (February 28, 2018)
3 

The first optional redemption date is January 30, 2019; the final maturity date is January 30, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
4 

The first optional redemption date is January 30, 2020; the final maturity date is January 30, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
5 

The first optional redemption date is October 30, 2023; the final legal maturity date is October 30, 2091. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.
6 

The maturity date is December 1, 2020; the extended due for payment date is December 1, 2052.
7 

The maturity date is May 25, 2023; the extended due for payment date is May 25, 2055.
8 

The maturity date is June 27, 2027; the extended due for payment date is June 27, 2059.
9 

The maturity date is November 21, 2024; the extended due for payment date is November 21, 2056.
10 

Outstanding amounts can vary up to the maximum stated nominal amount.
11 

This debenture is issued by a wholly owned captive that is consolidated in the Aegon N.V. consolidated financial statements. A guarantee has been provided by Aegon N.V. – refer to note 48 Commitments and contingencies.