Condensed financial information of registrant

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed financial information of registrant

Schedule II

Condensed financial information of registrant

Statement of financial position of Aegon N.V.

As at December 31

Before profit appropriation, amounts in EUR million	2022			2021
Non-current assets
Financial fixed assets
Shares in group companies		13,594			26,042
Loans to group companies		1,435			1,829
Other non-current assets		109			138
		15,138			28,009
Current assets
Receivables
Receivables from group companies		31			35
Other receivables		236			181
Other current assets		123			90
Accrued interest and rent		9			6
		398			312
Cash and cash equivalents
Cash and cash equivalents		1,619			1,204
Total assets		17,155			29,524
Shareholders’ equity
Share capital		319			321
Paid-in surplus		6,853			7,033
Revaluation account		(4,465	)		6,453
Legal reserves – foreign currency translation reserve		1,008			258
Legal reserves in respect of group companies		2,439			2,316
Retained earnings, including treasury shares		8,916			7,652
Remeasurement of defined benefit plans of group companies		(1,565	)		(2,199	)
Net result		(1,433	)		1,980
		12,071			23,813
Other equity instruments		1,943			2,363
Total equity		14,014			26,176
Non-current liabilities
Subordinated borrowings		1,442			1,396
Long-term borrowings		1,226			1,266
		2,669			2,662
Current liabilities
Loans from group companies		13			7
Payables to group companies		147			422
Other current liabilities		282			227
Accruals and deferred income		31			31
		472			686
Total liabilities		3,141			3,349
Total equity and liabilities		17,155			29,524

Condensed income statement of Aegon N.V.

For the year ended December 31

Amounts in EUR million	2022			2021			2020
Net result group companies		(1,275	)		2,119			-
Result after tax		(158	)		(139	)		(146	)
Net result		(1,433	)		1,980			(146	)

Condensed cash flow statement of Aegon N.V.

For the year ended December 31

Amounts in EUR million	2022		2021		2020
Result before tax		(204)		(193)		(185)
Adjustments		(138)		428		(330)
Net cash flows from operating activities		(342)		235		(515)
Dividends and capital repayments of subsidiaries, associates and joint ventures		1,530		500		606
Other		-		(3)		(1)
Net cash flows from investing activities		1,530		497		605
Purchase of treasury shares		(597)		(231)		(59)
Issuance and repurchase of borrowings		469		197		(58)
Repayment of perpetuals		(429)		(212)		-
Dividends paid		(167)		(121)		(63)
Coupons on perpetual securities		(48)		(52)		(55)
Net cash flows from financing activities		(773)		(417)		(235)
Net increase / (decrease) in cash and cash equivalents		415		316		(146)

Five-year schedule of maturities of debt

As at December 31

	2022				2021
Amounts in EUR million	Subordinated   borrowings		Long-term           Borrowings		Subordinated borrowings		Long-term        Borrowings
Remaining terms less than 1 year		-		499		-		-
Remaining terms 1 - 2 years		-		-		-		499
Remaining terms 2 - 3 years		-		-		-		-
Remaining terms 3 - 4 years		-		-		-		-
Remaining terms 4 - 5 years		-		-		-		-
Remaining terms longer than 5 years		1,442		727		1,396		768
At December 31		1,442		1,226		1,396		1,266

Remittances from and capital contributions to business units

Aegon received EUR 1.0 billion of remittances from its business units during 2022 from the Americas, the Netherlands, United Kingdom, International, and Asset Management. Aegon spent EUR 0.1 billion on capital contributions, mainly on International.

Aegon received EUR 1.0 billion of remittances from its business units during 2021 from the Americas, the Netherlands, United Kingdom, International, and Holdings. Aegon spent EUR 0.1 billion on capital contributions, mainly on International and Asset Management.

Aegon received EUR 0.8 billion of remittances from its business units during 2020 from the Americas, the Netherlands, United Kingdom, International, and Asset Management. Aegon spent EUR 0.2 billion on capital contributions, mainly on International.