Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Summary of Issued Share Capital and Reserves Attributable to Shareholders

	Note		2021			2020			2019
Share capital – par value		30.1		321			320			323
Share premium		30.2		7,033			7,160			7,213
Total share capital				7,354			7,480			7,536
Retained earnings				12,166			10,327			10,655
Treasury shares		30.3		(273	)		(181	)		(281	)
Total retained earnings				11,892			10,145			10,374
Revaluation reserves		30.4		6,442			7,480			5,873
Remeasurement of defined benefit plans		30.5		(2,199	)		(2,534	)		(2,397	)
Other reserves		30.6		325			(553	)		456
Total shareholders’ equity				23,813			22,018			21,842

Schedule of Share Capital Transactions Relating To Common Shares A

	2021			2020			2019
Share capital transactions relating to common shares	Number of shares (thousands)			Number of shares (thousands)			Number of shares (thousands)
Transactions in 2021:
Final dividend 20201)		(15,274	)
Share buyback program (final dividend 2020)		19,452
Interim dividend 20211)		(17,314	)
Share buyback program (interim dividend 2021)		21,532
Transactions in 2020:
Interim dividend 20201)					(22,947	)
Share buyback program (interim dividend 2020)					24,029
Transactions in 2019:
Final dividend 20181)								(32,874	)
Share buyback program (final dividend 2018)								32,874
Interim dividend 20191)								(35,370	)
Share buyback program (interim dividend 2019)								43,150

1  Dividend distribution paid from treasury shares (note 30.3)

Summary of Share Capital - Par Value

	2021		2020		2019
Common shares		253		252		253
Common shares B		68		69		70
At December 31		321		320		323
Common shares	2021		2020		2019
Authorized share capital		720		720		720
Number of authorized shares (in million)		6,000		6,000		6,000
Par value in cents per share		12		12		12
Common shares B	2021		2020		2019
Authorized share capital		360		360		360
Number of authorized shares (in million)		3,000		3,000		3,000
Par value in cents per share		12		12		12

	Common shares						Common shares B
	Number of shares         (thousands)			Total amount			Number of shares         (thousands)			Total amount
At January 1, 2019		2,095,648			251			585,022			70
Dividend		-			-			-			-
At December 31, 2019		2,105,139			253			585,022			70
Shares withdrawn		(9,491	)		(1	)		(13,227	)		(2	)
Dividend		2,466			-			-			-
At December 31, 2020		2,098,114			252			571,795			69
Shares withdrawn		(2,466	)		(0	)		(2,956	)		(0	)
Dividend		10,665			1			-			-
At December 31, 2021		2,106,313			253			568,839			68

	Weighted average number of common shares (thousands)		Weighted average number of   common shares B (thousands)
2019		2,098,326		585,022
2020		2,101,749		579,312
2021		2,101,231		570,629

Summary of Share Premium

	2021			2020			2019
At January 1		7,160			7,213			7,487
Share dividend		(127	)		(54	)		(273	)
At December 31		7,033			7,160			7,213
Share premium relating to:
- Common shares		5,380			5,507			5,560
- Common shares B		1,653			1,653			1,653
Total share premium		7,033			7,160			7,213

Summary of Movements in the Number of Treasury Common Shares

Movements in the number of treasury common shares held by Aegon N.V. were as follows:

	2021						2020						2019
	Number of shares (thousands)			Amount			Number of shares (thousands)			Amount			Number of shares (thousands)			Amount
At January 1		52,686			171			65,540			269			61,418			326
Transactions in 2021:
Sale: transactions, average price 3.90		(4,139	)		(16	)
Shares withdrawn: 1 transaction average price 3.89		(2,466	)		(10	)
Sale: 1 transaction, average price 3.89		(15,274	)		(59	)
Purchase: 1 transaction average price 3.70		35,933			133
Sale: 1 transaction, average price 3.02		(17,314	)		(52	)
Purchase: 1 transaction average price 4.46		21,532			96
Transactions in 2020:
Sale: transactions, average price 4.52								(4,445	)		(20	)
Shares withdrawn: 1 transaction average price 4.52								(9,491	)		(43	)
Sale: 1 transaction, average price 4.13								(22,947	)		(95	)
Purchase: 1 transaction average price 2.46								24,029			59
Transactions in 2019:
Sale: transactions, average price 5.10														(3,657	)		(19	)
Sale: 1 transaction, average price 5.25														(32,874	)		(173	)
Purchase: 1 transaction average price 4.52														32,874			149
Sale: 1 transaction, average price 5.16														(35,370	)		(183	)
Purchase: 1 transaction average price 3.89														43,150			168
At December 31		70,958			262			52,686			171			65,540			269

Movements in the number of treasury common shares B held by Aegon N.V. were as follows:

	2021					2020						2019
	Number of shares (thousands)			Amount		Number of shares (thousands)			Amount			Number of shares (thousands)			Amount
At January 1		12,884			1		25,310			3			13,856			2
Transactions in 2021:
Sale: 1 transaction, average price 0.10		(1,983	)		-
Shares withdrawn: 1 transaction average price 0.10		(2,956	)		-
Purchase: 1 transaction average price 0.10		22,643			2
Transactions in 2020:
Sale: 1 transaction, average price 0.13							(2,154	)		-
Shares withdrawn: 1 transaction average price 0.13							(13,227	)		(2	)
Purchase: 1 transaction average price 0.08							2,956			-
Transactions in 2019:
Sale: 1 transaction, average price 0.12													(1,774	)		-
Purchase: 1 transaction average price 0.10													13,227			1
At December 31		30,589			3		12,884			1			25,310			3

Summary of Treasury Shares

	2021				2020				2019
	Number of shares (thousands)		Total   amount		Number of shares (thousands)		Total amount		Number of shares (thousands)		Total   amount
Common shares
Held by Aegon N.V.		70,958		262		52,686		171		65,540		269
Held by subsidiaries		822		8		1,062		9		1,043		9
Common shares B
Held by Aegon N.V.		30,589		3		12,884		1		25,310		3
At December 31		102,369		273		66,632		181		91,893		281

Summary of Weighted Average Number of Treasury Shares

	Weighted average number of treasury shares, including treasury shares held by subsidiaries (thousands)		Weighted average number of treasury shares B (thousands)
2019		56,467		13,070
2020		58,224		18,386
2021		57,989		11,621

Summary of Revaluation Reserves

	Available-for-sale investments			Real estate held for own use			Cash flow     hedging reserve			Total
At January 1, 2021		6,248			35			1,197			7,480
Gross revaluation		(3,930	)		(4	)		(122	)		(4,057	)
Shadow accounting adjustment		2,759			-			-			2,759
Net (gains) / losses transferred to income statement		(450	)		-			(106	)		(556	)
Foreign currency translation differences		362			1			84			447
Tax effect		322			1			47			370
Other		(1	)		-			-			(1	)
At December 31, 2021		5,309			32			1,100			6,442
At January 1, 2020		4,352			19			1,502			5,873
Gross revaluation		5,728			20			(141	)		5,607
Shadow accounting adjustment		(2,738	)		-			-			(2,738	)
Net (gains) / losses transferred to income statement		13			-			(106	)		(94	)
Foreign currency translation differences		(443	)		(2	)		(111	)		(556	)
Tax effect		(664	)		(2	)		54			(612	)
At December 31, 2020		6,248			35			1,197			7,480
At January 1, 2019		1,910			46			1,479			3,435
Gross revaluation		6,619			(4	)		89			6,705
Shadow accounting adjustment		(3,142	)		-			-			(3,142	)
Net (gains) / losses transferred to income statement		(412	)		-			(97	)		(509	)
Net (gains) / losses transferred to retained earnings		-			(32	)		-			(32	)
Foreign currency translation differences		8			1			27			37
Tax effect		(632	)		8			3			(621	)
At December 31, 2019		4,352			19			1,502			5,873

Summary of Revaluation Reserve for Available-for-sale Investments

The closing balances of the revaluation reserve for available-for-sale investments relate to the following instruments:

	2021			2020			2019
Shares		49			46			25
Debt securities		5,276			6,218			4,353
Other		(15	)		(17	)		(26	)
Revaluation reserve for available-for-sale investments		5,309			6,248			4,352

Summary of Remeasurement of Defined Benefit Plans

	2021			2020			2019
At January 1		(2,534	)		(2,397	)		(1,850	)
Remeasurements of defined benefit plans		501			(360	)		(612	)
Tax effect		(102	)		140			90
Net exchange differences		(65	)		83			(25	)
Total remeasurement of defined benefit plans		(2,199	)		(2,534	)		(2,397	)

Summary of Other Reserves

	Foreign currency translation reserve			Net foreign investment     hedging reserve			Equity movements of joint ventures     and associates			Total
At January 1, 2021		(402	)		(199	)		48			(553	)
Movement in foreign currency translation and net foreign investment hedging reserves		1,013			(165	)		-			848
Disposal of a business		10			(2	)		-			8
Tax effect		(24	)		27			-			3
Equity movements of joint ventures		-			-			25			25
Equity movements of associates		-			-			(6	)		(6	)
At December 31, 2021		596			(338	)		67			325
At January 1, 2020		799			(374	)		31			456
Movement in foreign currency translation and net foreign investment hedging reserves		(1,209	)		195			-			(1,015	)
Disposal of a business		(5	)		-			(2	)		(7	)
Tax effect		12			(19	)		-			(7	)
Equity movements of joint ventures		-			-			12			12
Equity movements of associates		-			-			7			7
At December 31, 2020		(402	)		(199	)		48			(553	)
At January 1, 2019		499			(370	)		19			149
Movement in foreign currency translation and net foreign investment hedging reserves		311			(10	)		-			301
Disposal of a business		(1	)		-			-			(1	)
Tax effect		(10	)		5			-			(5	)
Equity movements of joint ventures		-			-			8			8
Equity movements of associates		-			-			4			4
At December 31, 2019		799			(374	)		31			456

Aegon N.V [member]

Statement [LineItems]

Summary of Shareholders' Equity

	Share capital		Paid- in surplus		Revaluation account		Legal reserves FCTR		Legal reserves group compa- nies	Retained earnings		Remeasure- ment of defined benefit plans of group companies		Treasury shares		Net result		Total
At January 1, 2021	320		7,160		7,491		(601	)	1,710	8,798		(2,534	)	(181	)	(146	)	22,018
Net result 2020 retained	-		-		-		-		-	(146	)	-		-		146		-
Net result 2021	-		-		-		-		-	-		-		-		1,980		1,980
Total net result	-		-		-		-		-	(146	)	-		-		2,125		1,980
Foreign currency translation differences and movement in foreign investment hedging reserves	-		-				859		-	-		(65	)	-		-		795
Changes in revaluation in subsidiaries	-		-		(1,035	)	-		-	-		-		-		-		(1,035	)
Changes in revaluation reserve real estate held for own use	-		-		(3	)	-		-									(3	)
Remeasurement of defined benefit plans of group companies	-		-		-		-		-	-		399		-		-		399
Changes and transfer to legal reserve	-		-		-		-		606	(587	)	-		-		-		19
Other	-		-		-		-		-	14		-		-		-		14
Other comprehensive income / (loss)	-		-		(1,038	)	859		606	(573	)	335		-		-		189
Shares issued	1		-		-		-		-	-		-		-		-		1
Shares withdrawn	(1	)	-		-		-		-	-		-		-		-		(1	)
Dividends paid on common shares	-		(127	)	-		-		-	(120	)	-		-		-		(247	)
Issuance and purchase of treasury shares	-		-		-		-		-	4		-		(92	)	-		(88	)
Coupons on perpetual securities	-		-		-		-		-	(39	)	-		-		-		(39	)
At December 31, 2021	321		7,033		6,453		258		2,316	7,924		(2,199	)	(273	)	1,980		23,813

	Share capital		Paid- in surplus		Revalua- tion account		Legal reserves FCTR		Legal reserves group companies	Retained earnings		Remeasurement of defined benefit plans of group companies		Treasury shares		Net result		Total
At January 1, 2020	323		7,213		6,120		426		1,703	7,499		(2,397	)	(281	)	1,235		21,842
Net result 2019 retained	-		-		-		-		-	1,235		-		-		(1,235	)	-
Net result 2020	-		-		-		-		-	-		-		-		(146	)	(146	)
Total net result	-		-		-		-		-	1,235		-		-		(1,382	)	(146	)
Foreign currency translation differences and movement in foreign investment hedging reserves	-		-				(1,027	)	-	-		83		-		-		(945	)
Changes in revaluation in subsidiaries	-		-		1,589		-		-	-		-		-		-		1,589
Changes in revaluation reserve real estate held for own use	-		-		18		-		-									18
Remeasurement of defined benefit plans of group companies	-		-		-		-		-	-		(220	)	-		-		(220	)
Changes and transfer to legal reserve	-		-		(235	)	-		6	245		-		-		-		17
Other	-		-		-		-		-	2		-		-		-		2
Other comprehensive income / (loss)	-		-		1,371		(1,027	)	6	247		(137	)	-		-		460
Shares withdrawn	(3	)	-		-		-		-	(42	)	-		45		-		-
Dividends paid on common shares	-		(54	)	-		-		-	(64	)	-		-		-		(118	)
Dividend withholding tax reduction	-		-		-		-		-	1		-		-		-		1
Issuance and purchase of treasury shares	-		-		-		-		-	(52	)	-		55		-		3
Coupons on perpetual securities	-		-		-		-		-	(38	)	-		-		-		(38	)
Incentive plans	-		-		-		-		-	10		-		-		-		10
At December 31, 2020	320		7,160		7,491		(601	)	1,710	8,798		(2,534	)	(181	)	(146	)	22,018

Summary of Treasury Stock

	2021		2020
	Number of shares (thousands)	Total amount	Number of shares (thousands)	Total amount
Common shares
Held by Aegon N.V.	70,958	262	52,686	171
Held by subsidiaries	822	8	1,062	9
Common shares B
Held by Aegon N.V.	30,589	3	12,884	1
At December 31	102,369	273	66,632	181

Aegon N.V [member] | Common Share [member]

Statement [LineItems]

Summary of Movements in the Number of Treasury Common Shares

Movements in the number of treasury common shares held by Aegon N.V. were as follows:

	2021				2020
	Number of shares (thousands)		Amount		Number of shares (thousands)		Amount
At January 1	52,686		171		65,540		269
Transactions in 2021:
Sale: transactions, average price 3.90	(4,139	)	(16	)
Shares witdrawn: 1 transaction, average price EUR 3.89	(2,466	)	(10	)
Sale: 1 transaction, average price 3.89	(15,274	)	(59	)
Purchase: 1 transaction average price 3.70	35,933		133
Sale: 1 transaction, average price 3.02	(17,314	)	(52	)
Purchase: 1 transaction average price 4.46	21,532		96
Transactions in 2020:
Sale: transactions, average price EUR 4.52					(4,445	)	(20	)
Shares witdrawn: 1 transaction, average price EUR 4.52					(9,491	)	(43	)
Sale: 1 transaction, average price EUR 4.13					(22,947	)	(95	)
Purchase: 1 transaction, average price EUR 2.46					24,029		59
At December 31	70,958		262		52,686		171

Aegon N.V [member] | Common Share B [member]

Statement [LineItems]

Summary of Movements in the Number of Treasury Common Shares

Movements in the number of treasury common shares B held by Aegon N.V. were as follows:

	2021			2020
	Number of shares (thousands)		Amount	Number of shares (thousands)		Amount
At January 1	12,884		1	25,310		3
Transactions in 2021:
Sale: 1 transaction, average price EUR 0.10	(1,983	)	-
Shares withdrawn: 1 transaction, average price EUR 0.10	(2,956	)	-
Purchase: 1 transaction, average price EUR 0.10	22,643		2
Transactions in 2020:
Sale: 1 transaction, average price EUR 0.13				(2,154	)	-
Shares withdrawn: 1 transaction, average price EUR 0.13				(13,227	)	(2	)
Purchase: 1 transaction, average price EUR 0.08				2,956		-
At December 31	30,589		3	12,884		1