Investment contracts

12 Months Ended

Dec. 31, 2022

Text block [abstract]

Investment contracts

35 Investment contracts

35.1 Investment contracts for general account

	Without discretionary participation features			With discretionary     participation features			Total
At January 1, 2022		21,573			194			21,767
Deposits		22,695			-			22,695
Withdrawals		(23,276	)		-			(23,276	)
Investment contracts liabilities released		-			(11	)		(11	)
Interest credited		268			-			268
Net exchange differences		642			(10	)		632
Transfer (to)/from other headings		797			-			797
Transfers to disposal groups		(12,179	)		-			(12,179	)
Other		(35	)		-			(35	)
At December 31, 2022		10,485			174			10,658
At January 1, 2021		20,889			185			21,075
Deposits		20,947			-			20,947
Withdrawals		(21,936	)		-			(21,936	)
Investment contracts liabilities released		-			(3	)		(3	)
Interest credited		256			-			256
Net exchange differences		660			12			672
Transfer (to)/from other headings		780			-			780
Other		(23	)		-			(23	)
At December 31, 2021		21,573			194			21,767

Investment contracts consist of the following:	2022		2021
Institutional guaranteed products		179		187
Fixed annuities		10,230		9,543
Savings accounts		-		11,586
Investment contracts with discretionary participation features		174		194
Other		76		256
At December 31		10,658		21,767

The decrease in Investment contracts for general account in 2022 is mainly the result of the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.

35.2 Investment contracts for account of policyholders

	Without discretionary participation features			With discretionary participation features			Total
At January 1, 2022		71,242			33,350			104,592
Gross premium and deposits – existing and new business		11,155			677			11,832
Withdrawals		(15,132	)		-			(15,132	)
Disposal of a business		(182	)		-			(182	)
Interest credited		(9,691	)		(4,007	)		(13,698	)
Investment contracts liabilities released		-			(3,182	)		(3,182	)
Fund charges released		(202	)		-			(202	)
Net exchange differences		382			(1,537	)		(1,154	)
Transfer (to)/from other headings		(1,396	)		-			(1,396	)
Transfers to disposal groups		(925	)		-			(925	)
Other		2			-			2
At December 31, 2022		55,254			25,301			80,555
At January 1, 2021		59,625			31,999			91,624
Gross premium and deposits – existing and new business		11,185			810			11,995
Withdrawals		(10,716	)		-			(10,716	)
Interest credited		7,572			3,130			10,702
Investment contracts liabilities released		-			(3,815	)		(3,815	)
Fund charges released		(209	)		-			(209	)
Net exchange differences		4,256			2,097			6,353
Transfer (to)/from other headings		(473	)		(871	)		(1,344	)
Other		1			-			1
At December 31, 2021		71,242			33,350			104,592

The decrease in Investment contracts for account of policyholders in 2022 is mainly the result of the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.