Results from financial transactions

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Results from financial transactions

10 Results from financial transactions

Results from financial transactions comprise:	2021			2020			2019
Net fair value change of general account financial investments at fair value through profit or loss, other than derivatives		785			191			279
Realized gains and (losses) on financial investments		510			132			399
Gains and (losses) on investments in real estate		253			74			317
Net fair value change of derivatives		(1,468	)		128			1,130
Net fair value change on account of policyholder financial assets at fair value through profit or loss		23,811			20,982			33,188
Net fair value change on investments in real estate for account of policyholders		46			(36	)		(18	)
Net foreign currency gains and (losses)		347			(93	)		77
Net fair value change on borrowings and other financial liabilities		(13	)		18			15
Total		24,270			21,397			35,386

Net fair value change of general account financial investments at fair value through profit or loss, other than derivatives comprise:	2021			2020			2019
Shares		101			(42	)		99
Debt securities and money market investments		(46	)		30			85
Other		730			203			95
Total		785			191			279

Other mainly includes net fair value changes of limited partnerships such as hedge and private equity funds.

Realized gains and losses on financial investments comprise:	2021			2020			2019
Shares		17			3			11
Debt securities and money market investments		396			153			372
Loans		126			20			32
Other		(30	)		(43	)		(16	)
Total		510			132			399

Realized gains and losses on financial investments comprise:	2021		2020		2019
Available-for-sale investments		384		112		368
Loans		126		20		32
Total		510		132		399

Net fair value change of derivatives comprise:	2021			2020			2019
Net fair value change on economic hedges where no hedge accounting is applied		(3,101	)		2,182			2,281
Net fair value change on bifurcated embedded derivatives		1,630			(2,053	)		(1,153	)
Ineffective portion of hedge transactions to which hedge accounting is applied		2			-			1
Total		(1,468	)		128			1,130

The ineffective portion of hedge transactions to which hedge accounting is applied comprises:	2021			2020			2019
Fair value change on hedging instruments in a fair value hedge		(4	)		10			(1	)
Fair value change on hedged items in a fair value hedge		6			(10	)		2
Ineffectiveness fair value hedge		1			-			1
Ineffectiveness cash flow hedges		1			-			-
Total		2			-			1

Net fair value change on for account of policyholder financial assets
at fair value through profit or loss comprise:	2021			2020		2019
Shares		4,560			1,396		4,591
Debt securities and money market investments		(1,007	)		588		863
Unconsolidated investment funds		20,927			17,681		26,450
Derivatives		(669	)		1,318		1,284
Total		23,811			20,982		33,188

Net fair value change on for account of policyholder financial assets at fair value through profit or loss increased in 2021 compared to 2020, mainly from more favorable equity markets. Net fair value changes on for account of policyholder financial assets at fair value through profit or loss are offset by changes in technical provisions reported as part of the lines Change in valuation of liabilities for insurance contracts and Change in valuation of liabilities for investment contracts in note 12 Policyholder claims and benefits.

Net fair value change on borrowings and other financial liabilities	2021			2020		2019
Borrowings		-			16		8
Other financial liabilities		(13	)		2		7
Total		(13	)		18		15

Aegon N.V [member]

Statement [LineItems]

Results from financial transactions

4 Results from financial transactions

	2021			2020
Net fair value change of derivatives		5			(2	)
Net foreign currency gains and (losses)		(1	)		4
Total		3			2

Net fair value change of derivatives mostly comprises of fair value changes on derivatives that are designated as economic hedges for which no hedge accounting is applied.