Commissions and expenses (Tables)

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Summary of Commissions and Expenses

	2021			2020			2019
Commissions		2,562			2,283			2,423
Employee expenses		1,897			1,995			2,149
Administration expenses		1,581			1,593			1,537
Deferred expenses		(1,160	)		(741	)		(832	)
Amortization of deferred expenses		933			767			755
Amortization of VOBA and future servicing rights		171			87			120
Total		5,984			5,983			6,153
Included in administration expenses:
Depreciation of equipment, software and real estate held for own use		99			101			87

Summary of Employee Expenses

Employee expenses	2021		2020		2019
Salaries		1,300		1,316		1,321
Post-employment benefit costs		172		199		287
Social security charges		128		125		127
Other personnel costs		254		318		378
Shares		44		37		36
Total		1,897		1,995		2,149
Included in employee expenses:
Defined contribution expenses		35		36		43

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, variable compensation allocated to Material Risk Takers, shares allocated as fixed compensation and shares allocated as part of a sign-on arrangement.

Number of shares per plan year

	2017		2018		2019		2020		2021		Total
Conditionally granted1)		6,722,418		6,513,984		7,378,113		8,381,086		9,449,451		38,445,052
Allocated2)		7,461,564		6,123,546		6,761,360		6,522,324		-		26,868,794

1 The at target number of shares which were conditionally granted for the plan year.

2 The allocated number of shares based on the actual performance during the plan year.

Number of shares per plan year

	2017			2018			2019			2020			2021			Total
Unvested at January 1, 2020		6,516,995			5,663,455			8,330,014			-			-			20,510,464
Conditionally granted as variable compensation1)		-			-			-			8,381,086			-			8,381,086
Allocated2)		4,436			38,502			(616,753	)		954,850			-			381,035
Forfeited		(55,039	)		(199,587	)		(94,970	)		(17,644	)		-			(367,240	)
Vested		(2,604,178	)		(250,819	)		(277,523	)		(66,526	)		-			(3,199,046	)
Unvested at December 31, 2020		3,862,214			5,251,551			7,340,768			9,251,766			-			25,706,299
Conditionally granted as variable compensation1)		-			-			-			-			9,449,451			9,449,451
Allocated2)		3,928			4,010			(29,388	)		(1,858,762	)		2,450,661			570,449
Forfeited		(92,665	)		(205,734	)		(254,543	)		(174,128	)		(4,729	)		(731,799	)
Vested		(3,773,477	)		(2,037,774	)		(259,858	)		(221,441	)		(69,851	)		(6,362,401	)
Unvested at December 31, 2021		-			3,012,053			6,796,979			6,997,435			11,825,532			28,631,999
Grant price (in EUR)3)		5.246			5.405			4.162			4.083			3.2927
		4.040 to			4.143 to			2.741 to			1.794 to			1.625 to
Fair value of shares at grant date (in EUR)4)		4.933			5.054			3.737			3.796			3.978

1 The at target number of shares which were conditionally granted as variable compensation for the plan year.

2 Shares allocated in the same year are a combination of shares allocated as fixed compensation and sign-on shares which have been allocated during that year (e.g. the 954,850 shares allocated during the calendar year 2020 in relation to the 2020 plan year). Shares allocated during a calendar year in relation to the previous plan year concerns the difference between the conditionally granted shares for that plan year and the actual number of shares which have been allocated (e.g. the 616,753 share correction during 2020 for the 2019 plan year). This number can therefore be positive or negative. Shares allocated during a calendar year in relation to earlier plan years are backdated corrections to the administration (e.g. during 2020 a correction of 38,502 shares was made to the 2018 plan year).

3 This is the volume weighted average price (VWAP) of Aegon on the Euronext Amsterdam stock exchange for the period December 15 to January 15. For instance for the 2021 plan year, this is the VWAP for the period December 15, 2020 to January 15, 2021.

4 These fair values are adjusted for expected dividend (for which the participants are not eligible during the deferral period) and for the impact of relative total shareholder return as performance indicator for variable compensation (where applicable).

Aegon N.V [member]

Statement [LineItems]

Summary of Commissions and Expenses

	2021			2020
Employee expenses		84			86
Administration expenses		71			58
Cost sharing to group companies		(75	)		(72	)
Total		80			71