Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Summary of Borrowings

	2021		2020
Capital funding		1,292		1,241
Operational funding		8,369		7,283
At December 31		9,661		8,524
Current		824		950
Non-current		8,837		7,574
Fair value of borrowings		10,171		9,165

Summary of Undrawn Committed Borrowings Facilities

Undrawn committed borrowing facilities:	2021		2020
Floating-rate
- Expiring within one year		408		666
- Expiring beyond one year		2,991		2,622
At December 31		3,399		3,288

Capital funding [member]

Statement [LineItems]

Summary of Borrowings

(sorted at maturity)	Coupon rate		Coupon date		Issue /     Maturity		2021		2020
EUR 500 million Senior Unsecured Notes		1.00%		December 8		2016 / 23		499		498
GBP 250 million Medium-Term Notes		6.125%		December 15		1999 / 31		296		278
GBP 400 million Senior Unsecured Notes		6.625%		Semi-annually		2009 / 39		472		442
Other								26		24
At December 31								1,292		1,241

Operational funding [member]

Statement [LineItems]

Summary of Borrowings

	Coupon rate		Coupon date		Issue /     Maturity		2021		2020
Revolving Loan Facility Warehouse Mortgage Loans1)		Floating		Monthly		- / 22		592		743
Revolving Loan Facility Warehouse Mortgage Loans1)		Floating		Monthly		- / 24		494		802
EUR 875 million “SAECURE 16” RMBS Note1), 2)		Floating		Quarterly		2018 / 23		676		758
EUR 512 million “SAECURE 18” RMBS Note1), 3)		Floating		Quarterly		2019 / 25		355		422
EUR 657 million “SAECURE 20” RMBS Note1), 4)		Floating		Quarterly		2021 / 27		625		-
EUR 500 million Conditional Pass-Through Covered Bond1), 5)		0.250%		Annual		2016 / 23		499		498
EUR 500 million Conditional Pass-Through Covered Bond1), 6)		0.375%		Annual		2017 / 24		499		498
EUR 500 million Conditional Pass-Through Covered Bond1), 7)		0.010%		Annual		2020 / 25		506		508
EUR 500 million Conditional Pass-Through Covered Bond1), 8)		0.750%		Annual		2017 / 27		492		491
EUR 500 million Conditional Pass-Through Covered Bond1), 9)		0.375%		Annual		2021 / 36		494		-
FHLB Secured borrowings1)		Floating		Quarterly		2021 / 24		2,634		2,055
Aegon Bank Senior Non-Preferred debt1)		0.625%		Annual		2019 / 24		499		498
Other								5		9
At December 31								8,369		7,283

1  Issued by a subsidiary of Aegon N.V.

2  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.

3  The first optional redemption date is July 28, 2025; the final legal maturity date is April 28, 2092. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.

4  The first optional redemption date is October 28, 2027; the final legal maturity date is April 28, 2093. Notes are fully collateralized by mortgage loans which are part of Aegon’s general account investments.

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

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

7  The maturity date is November 16, 2025; the extended due for payment date is November 16, 2057.

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

9  The maturity date is June 9, 2036; the extended due for payment date is June 9, 2037.