Commissions and expenses (Tables)

12 Months Ended

Dec. 31, 2018

	2018			2017			2016
Commissions		2,445			2,661			2,929
Employee expenses		2,061			2,234			2,287
Administration expenses		1,477			1,424			1,273
Deferred expenses		(831	)		(980	)		(1,203	)
Amortization of deferred expenses		928			543			880
Amortization of VOBA and future servicing rights		144			43			184
Total		6,224			5,925			6,351

Summary of Employee Expenses


Employee expenses	2018		2017		2016
Salaries		1,261		1,470		1,471
Post-employment benefit costs		277		318		338
Social security charges		120		151		155
Other personnel costs		367		267		294
Shares		36		28		28
Total		2,061		2,234		2,287

Summary of Cumulative Number of Shares and Their Status in Relation to Active Long Term Incentive Plans and Allocated Variable Compensation to Identified Staff

The following overview contains the cumulative number of shares and their status in relation to active Long Term Incentive Plans and allocated variable compensation to Identified Staff.


	2014 ¹		2015 ¹		2016 ¹		2017 ¹		2018 ¹		Total
Number of shares conditionally granted ²		5,306,037		5,178,633		6,809,814		6,722,418		6,513,984		30,530,886
Number of shares allocated		4,714,569		4,942,275		7,155,420		7,461,564		-		24,273,828

¹	Performance year for both Long-term incentive plans and Variable compensation Identified Staff

²	Number of shares conditionally granted based on the at target number of grants made that could increase or decrease subject to the actual performance attained


	2014 ¹		2015 ¹		2016 ¹		2017 ¹		2018 ¹		Total
Unvested at January 1, 2017		4,181,844		4,553,637		6,809,814		-		-		15,545,295
Number of shares conditionally granted ²		-		-		-		6,722,418		-		6,722,418
Number of shares allocated ⁴		49,780		-		345,606		1,115,876		-		1,511,262
Number of shares forfeited		42,580		116,505		136,506		-		-		295,591
Number of shares vested		1,887,728		122,638		427,485		158,666		-		2,596,517
Unvested at December 31, 2017		2,301,316		4,314,494		6,591,429		7,679,628		-		20,886,867
Number of shares conditionally granted ²		-		-		-		-		6,513,984		6,513,984
Number of shares allocated ⁴		-		-		11,471		739,146		166,371		916,988
Number of shares forfeited		94,876		102,383		169,629		364,515		-		731,403
Number of shares vested		2,206,440		1,831,944		189,300		810,028		-		5,037,712
Unvested at December 31, 2018		-		2,380,167		6,243,971		7,244,231		6,680,355		22,548,724

Average share price used for grant in EUR ³		6.739		6.106		5.128		5.246		5.405

Fair value of shares at grant date in EUR		5.840 to 6.658		5.159 to 6.018		3.990 to 4.898		4.040 to 4.933		4.143 to 5.054

¹ Performance year for both Long-term incentive plans and Variable compensation Identified Staff ² Number of shares conditionally granted based on the at target number of grants made that could increase or decrease subject to the actual performance attained ³ This value is the volume weighted average price (VWAP) of Aegon on the Euronext Amsterdam stock exchange for the period December 15 to January 15 ⁴ Per 2017 shares allocated as sign-on are not allocated anymore to the plan years in which the vesting takes place. Instead, we now create and allocate specific sign-on shares in the calendar year of commencement.

Aegon N.V [member]

Statement [LineItems]

Summary of Commissions and Expenses


	2018		2017
Employee expenses	83		80

Administration expenses	79		78

Cost sharing to group companies	(80	)	(76	)

Total	82		82