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Guarantees in insurance contracts (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Liabilities for Financial Guarantees for Minimum Benefits, Net of Present Value of Expected Future Premiums
The following table provides information on the liabilities for financial guarantees for minimum benefits, net of present value of the expected future premiums that are received to cover these guarantees:
 
    
2022
            2021                 
     
United States 
1)
    
The Netherlands 
2)
            
Total 
3)
     United States 
1)
     The Netherlands 
2)
             Total 
3)
  
At January 1
      1,830       1,413                3,243       2,715       2,032                4,747  
Incurred guarantee benefits
4)
     (1,251 )      (660 )               (1,911 )      (1,047 )      (619 )               (1,666 ) 
Paid guarantee benefits
      (4 )      -                     (4 )      (2 )      -                     (2 ) 
Net exchange differences
      136       -                136       164       -                164  
Transfers to disposal groups
      -       (753 )               (753 )      -       -                -  
At December 31
   
 
711
 
  
 
-
 
  
 
 
 
   
 
711
 
  
 
1,830
 
  
 
1,413
 
  
 
 
 
   
 
3,243
 
                 
Account value
5)
     27,752       -                27,752       34,945       9,748                44,693  
Net amount at risk
6)
     452       -    
 
 
 
      452       314       1,538    
 
 
 
      1,852  
 
1
 
Guaranteed minimum accumulation and withdrawal benefits.
2
 
Fund plan and unit-linked guarantees.
3
 
Balances are included in the derivatives liabilities on the face of the statement of financial position; refer to note 24 Derivatives.
4
 
Incurred guarantee benefits mainly comprise the effect of guarantees from new contracts, releases related to expired
out-of-the-money
guarantees and fair value movements during the reporting year.
5
Account value reflects the actual fund value for the policyholders.
6
 
The net amount at risk represents the sum of the positive differences between the discounted maximum amount payable under the guarantees and the account value.
Summary of Liabilities for Guarantees for Minimum Benefits
The following table provides information on the liabilities for guarantees for minimum benefits that are included in the valuation of the host contracts:
 
       
2022
        2021  
       
GMDB 
1)
     
            GMIB
 2)
     
            Total 
4)
       
GMDB 
1)
     
            GMIB 
2)
     
            Total 
4)
  
At January 1
        502        529        1,031          488        638        1,127  
Incurred guarantee benefits
5)
       344        338        683          27        (127 )       (99 ) 
Paid guarantee benefits
        (103 )       (41 )       (144 )         (49 )       (25 )       (75 ) 
Net exchange differences
        30        31        61          36        42        79  
At December 31
     
 
773
 
   
 
857
 
   
 
1,630
 
     
 
502
 
   
 
529
 
   
 
1,031
 
             
      
GMDB 
1)
,
3)
     
GMIB 
2)
,
3)
               GMDB 
1)
,
3)
      GMIB 
2)
,
3)
         
Account value
6)
       44,488        3,911                   56,426        5,186           
Net amount at risk
7)
       3,743        933                   843        472           
Average attained age of contract holders
        72        73     
 
 
 
        71        72     
 
 
 
1
 
Guaranteed minimum death benefit in the United States.
2
 
Guaranteed minimum income benefit in the United States.
3
 
Note that the variable annuity contracts with guarantees may offer more than one type of guarantee in each contract; therefore, the amounts listed are not mutually exclusive.
4
 
Balances are included in the insurance liabilities on the face of the statement of financial position; refer to note 34 Insurance contracts.
5
 
Incurred guarantee benefits mainly comprise the effect of guarantees from new contracts, releases related to expired
out-of-the-money
guarantees and value changes as a consequence of interest movements during the reporting year.
6
 
Account value reflects the actual fund value for the policyholders.
7
 
The net amount at risk is defined as the present value of the minimum guaranteed annuity payments available to the contract holder determined in accordance with the terms of the contract in excess of the current account balance.