Investments (Tables)

12 Months Ended

Dec. 31, 2022

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Summary of Investments for General Accounts Comprise Financial Assets Excluding Derivatives And Investments in Real Estate

Investments for general account comprise financial assets, excluding derivatives, as well as investments in real estate.

	Note		2022		2021
Available-for-sale (AFS)				59,643		99,884
Loans				12,556		46,823
Financial assets at fair value through profit or loss (FVTPL)				4,567		8,481
Total financial assets, excluding derivatives		22.1		76,766		155,188
Investments in real estate		22.2		59		2,643
Total investments for general account				76,825		157,831

Summary of Financial Assets Excluding Derivatives

	AFS		FVTPL		Loans		Total		Fair value
2022
Shares		195		193		-		388		388
Debt securities		53,093		554		-		53,647		53,647
Money market and other short-term investments		5,514		99		-		5,613		5,613
Mortgage loans		-		-		10,441		10,441		9,245
Private loans		-		-		27		27		27
Deposits with financial institutions		-		-		45		45		45
Policy loans		-		-		2,042		2,042		2,042
Other		840		3,722		-		4,562		4,562
At December 31, 2022		59,643		4,567		12,556		76,766		75,569
2021
Shares		350		1,665		-		2,015		2,015
Debt securities		93,899		3,296		-		97,195		97,195
Money market and other short-term investments		4,790		120		-		4,910		4,910
Mortgage loans		-		-		39,991		39,991		44,366
Private loans		-		-		4,883		4,883		5,491
Deposits with financial institutions		-		-		52		52		52
Policy loans		-		-		1,893		1,893		1,893
Other		844		3,401		3		4,248		4,248
At December 31, 2021		99,884		8,481		46,823		155,188		160,171

	2022		2021
Current portion:
Debt securities, money market and other short-term investments, mortgage and private loans		7,294		12,924

Summary of Movement on Loan Allowance Account

Movement on the loan allowance account during the year were as follows:

	2022			2021
At January 1		(118	)		(188	)
Addition charged to income statement		(16	)		(40	)
Reversal to income statement		15			55
Amounts written off		40			55
Transfers to disposal groups		76			-
At December 31		(4	)		(118	)

Summary of Investments in Real Estate

	2022			2021
At January 1		2,643			2,385
Additions		41			47
Subsequent expenditure capitalized		1			1
Disposals		(40	)		(60	)
Transfer from real estate for own use and equipment		-			14
Fair value gains / (losses)		(51	)		253
Net exchange differences		3			3
Transfers to disposal groups		(2,545	)		-
Other		7			-
At December 31		59			2,643
Investments in real estate held by:
Americas		42			39
The Netherlands		-			2,588
Value of Aegon’s properties which were appraised in the current year		99%			98%
Appraisals performed by independent external appraisers		95%			98%

Summary of detailed information about investment Property

	2022		2021 1)		2020 1)
Rental income reported as part of investment income		4		(1)		12
Direct operating expenses (Including repairs and maintenance expenses):
- From investment property that generated rental income		5		5		23
- From investment property that did not generate rental income		-		1		1

1  Amounts for 2021 and 2020 have been re-presented to reflect the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.