XML 244 R101.htm IDEA: XBRL DOCUMENT v3.20.1
Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2019
Statement [LineItems]  
Summary of Issued Share Capital and Reserves Attributable to Shareholders
    
            Note
   
            2019
              2018              2017 
Share capital – par value
  
 
30.1
 
   323   322   322 
Share premium
  
 
30.2
 
   7,213   7,487   7,731 
Total share capital
     
7,536
 
 
 
7,808
 
 
 
8,053
 
Retained earnings
     10,667   9,995   9,699 
Treasury shares
  
 
30.3
 
   (281)   (337)   (325) 
Total retained earnings
     
10,386
  
 
9,657
 
 
 
9,374
 
Revaluation reserves
  
 
30.4
 
   5,868   3,436   4,898 
Remeasurement of defined benefit plans
  
 
30.5
 
   (2,397)   (1,850)   (1,669) 
Other reserves
  
 
30.6
 
   456   149   (390) 
Total shareholders’ equity
  
 
 
 
   
21,850
  
 
19,200
 
 
 
20,266
 
Schedule of Share Capital Transactions Relating To Common Shares A
Share capital transactions relating to common shares
  
2019
  2018  2017 
    
    Number of
shares
(thousands)
  
    Number of
shares
(thousands)
  
    Number of
shares
(thousands)
 
Transactions in 2019:
  
 
 
 
 
 
 
 
 
 
 
 
Final dividend 2018
1)
   (32,874)   
Share buyback program (final divi
d
end 2018)
   32,874   
Interim dividend 2019
1)
   (35,370)   
Share buyback program (interim dividend 2019)
   43,150   
Transactions in 2018:
  
 
 
 
 
 
 
 
 
 
 
 
Final dividend 2017
1)
    (21,954)  
Share buyback program (final dividend 2017)
    21,954  
Interim dividend 2018
1)
    (24,134)  
Share buyback program (interim dividend 2018)
    24,134  
Transactions in 2017:
  
 
 
 
 
 
 
 
 
 
 
 
Final dividend 2016
1)
     (26,916) 
Interim dividend 2017
2)
     (24,948) 
Issuance of common shares with a par value of EUR 0.12
     21,099 
Share buyback program (final dividend 2016 and interim dividend 2017)
  
 
 
 
 
 
 
 
  51,865 
 
1
 
Dividend distribution paid from treasury shares (note 30.3)
2
 
Dividend distribution paid from treasury shares (note 30.3) and issuance of common shares performed in the year.
Summary of Share Capital - Par Value Share capital – par value
    
2019
   2018   2017  
Common shares
   253    251    251 
Common shares B
   70    70    70 
At December 31
   
323
   
 
322
 
  
 
322
 
      
Common shares
  
                2019
                   2018                   2017  
Authorized share capital
   720    720    720 
Number of authorized shares (in million)
   6,000    6,000    6,000 
Par value in cents per share
   12    12    12 
      
Common shares B
  
2019
   2018   2017  
Authorized share capital
   360    360    360 
Number of authorized shares (in million)
   3,000    3,000    3,000 
Par value in cents per share
   12    12    12 
            Common shares           Common shares B 
    
        Number of shares
(thousands)
           Total amount   
        Number of shares
(thousands)
           Total amount 
At January 1, 2017
  
 
2,074,549
 
  
 
249
 
  
 
585,022
 
  
 
70
 
Dividend
   21,099    3    -    - 
At December 31, 2017
  
 
2,095,648
 
  
 
251
 
  
 
585,022
 
  
 
70
 
Dividend
   -    -    -    - 
At December 31, 2018
  
 
2,095,648
 
  
 
251
 
  
 
585,022
 
  
 
70
 
Dividend
   9,491    1    -    - 
At December 31, 2019
  
 
2,105,139
 
  
 
253
 
  
 
585,022
 
  
 
70
 
The table below represents weighted average number of c
o
mmon shares including treasury shares attributable to Aegon N.V.:
 
    
    Weighted average number of
common shares (thousands)
   
Weighted average number of
    common shares B (thousands)
 
2017
  
 
2,080,792
 
  
 
585,022
 
2018
  
 
2,095,648
 
  
 
585,022
 
2019
  
 
2,098,326
 
  
 
585,022
 
Summary of Share Premium
    
            2019
              2018              2017 
At January 1
   7,487   7,731   7,873 
Share dividend
   (273)   (244)   (142) 
At December 31
  
 
7,213
 
 
 
7,487
 
 
 
7,731
 
Share premium relating to:
    
- Common shares
   5,560   5,834   6,078 
- Common shares B
   1,653   1,653   1,653 
Total share premium
  
 
7,213
 
 
 
7,487
 
 
 
7,731
 
Summary of Movements in the Number of Treasury Common Shares
Movements in the number of treasury common shares held by Aegon N.V. were as follows:    
 
    
2019
      2018      2017     
    
    Number of shares
(thousands)
  
    Amount
      Number of shares
(thousands)		      Amount      Number of shares
(thousands)		      Amount 
At January 1
   61,418   326   64,488   314   47,473   178 
Transactions in 2019:
       
Sale: transactions, average price 5.10
   (3,657)   (19)     
Sale: 1 transaction, average price 5.25
   (32,874)   (173)     
Purchase: 1 transaction average price 4.52
   32,874   149     
Sale: 1 transaction, average price 5.16
   (35,370)   (183)     
Purchase: 1 transaction average price 3.89
   43,150   168     
Transactions in 2018:
       
Sale: transactions, average price 3.76
     (3,070)   (12)   
Sale: 1 transaction, average price 4.62
     (21,954)   (101)   
Purchase: 1 transaction average price 5.34
     21,954   117   
Sale: 1 transaction, average price 5.09
     (24,134)   (123)   
Purchase: 1 transaction average price 5.43
     24,134   131   
Transactions in 2017:
       
Sale: transactions, average price EUR 3.44
       (4,085)   (14) 
Sale: 1 transaction, average price EUR 3.68
       (26,916)   (99) 
Sale: 1 transaction, average price EUR 3.77
       (3,849)   (14) 
Purchase: 1 transaction, average price EUR 5.09
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  51,865   263 
At December 31
  
 
65,540
 
 
 
269
 
 
 
61,418
 
 
 
326
 
 
 
64,488
 
 
 
314
 
 
Movements in the number of treasury common shares B held by Aegon N.V. were as follows:
 
   
2019
       2018       2017     
    
  Number of shares
(thousands)
  
Amount
   
  Number of shares
(thousands)
  Amount   
    Number of shares
(thousands)
  Amount 
At January 1
   13,856   2    15,346   2    17,325   2 
Transactions in 2019:
         
Sale: 1 transaction, average price 0.12
   (1,774)   -       
Purchase: 1 transaction average price 0.10
   13,227   1       
Transactions in 2018:
         
Sale: 1 transaction, average price EUR 0.11
      (1,489)   -    
Transactions in 2017:
         
Sale: 1 transaction, average price EUR 0.11
         (1,979)   - 
Sale: 1 transaction, average price EUR 0.11
         (13,043)   (1) 
Purchase: 1 transaction, average price EUR 0.13
  
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
   13,043   2 
At December 31
  
 
25,310
 
 
 
3
 
  
 
13,856
 
 
 
2
 
  
 
15,346
 
 
 
2
 
Summary of Treasury Shares
   
2019
        2018        2017      
    
  Number of shares
(thousands)
   
Total
amount
   
  Number of shares
(thousands)
   Total
amount		   
    Number of shares
(thousands)
   Total  
amount  		 
Common shares
            
Held by Aegon N.V.
   65,540    269    61,418    326    64,488    314   
Held by subsidiaries
   1,043    9    1,144    9    1,162    9   
Common shares B
            
Held by Aegon N.V.
   25,310    3    13,856    2    15,346    2   
At December 31
  
 
91,893
 
  
 
281
 
  
 
76,419
 
  
 
337
 
  
 
80,996
 
  
 
325  
 
Summary of Weighted Average Number of Treasury Shares
    
        Weighted average number of
treasury shares, including
treasury shares held by
subsidiaries (thousands)
   
        Weighted average number of    
treasury shares B (thousands)    
2017
  
 
38,490
 
  
 
9,841
 
2018
  
 
60,129
 
  
 
14,415
 
2019
  
 
56,467
 
  
 
13,070
 
Summary of Revaluation Reserves
Revaluation reserves
    
    Available-for-sale
investments
  
Real estate
    held for own use
  
Cash flow
    hedging reserve
                          Total 
At January 1, 2019
   1,910   46   1,479   3,436 
Gross revaluation
   3,470   (4)   89   3,556 
Net (gains) / losses transferred to income statement
   (412)   -   (97)   (509) 
Net (gains) / losses transferred to retained earnings
   -   (32)   -   (32) 
Foreign currency translation differences
   8   1   27   37 
Tax effect
   (630)   8   3   (619) 
At December 31, 2019
  
 
4,348
 
 
 
19
 
 
 
1,502
 
 
 
5,868
 
At January 1, 2018
   3,427   68   1,402   4,898 
Gross revaluation
   (2,142)   (32)   85   (2,090) 
Net (gains) / losses transferred to income statement
   66   -   (80)   (14) 
Foreign currency translation differences
   46   2   71   119 
Tax effect
   514   7   1   522 
Other
   -   -   -   1 
At December 31, 2018
  
 
1,910
 
 
 
46
 
 
 
1,479
 
 
 
3,436
 
At January 1, 2017
   3,326   59   1,904   5,289 
Gross revaluation
   1,403   8   (115)   1,296 
Net (gains) / losses transferred to income statement
   (1,330)   -   (738)   (2,069) 
Foreign currency translation differences
   (228)   (8)   (216)   (452) 
Tax effect
   285   9   567   860 
Other
   (28)   -   1   (27) 
At December 31, 2017
  
 
3,427
 
 
 
68
 
 
 
1,402
 
 
 
4,898
 
Summary of Revaluation Reserve for Available-for-sale Investments
The closing balances of the revaluation reserve for
available-for-sale
investments relate to the following instruments:    
 
    
        2019
              2018              2017 
Shares
   25   22   40 
Debt securities
   4,348   1,911   3,401 
Other
   (26)   (23)   (14) 
Revaluation reserve for
available-for-sale
investments
  
 
4,348
 
 
 
1,910
 
 
 
3,427
 
Summary of Remeasurement of Defined Benefit Plans
Remeasurement of defined benefit plans
    
        2019
              2018              2017 
At January 1
   (1,850)   (1,669)   (1,820) 
Remeasurements of defined benefit plans
   (612)   (134)   224 
Tax effect
   90   (15)   (175) 
Net exchange differences
   (25)   (32)   102 
Total remeasurement of defined benefit plans
  
 
(2,397
) 
 
 
(1,850
) 
 
 
(1,669
) 
Summary of Other Reserves
Other reserves
    
    Foreign currency
translation
reserve
  
Net foreign
investment
    hedging reserve
  
    Equity movements
of joint ventures
and associates
                          Total 
At January 1, 2019
   499   (370)   19   149 
Movement in foreign currency translation and net foreign investment hedging reserves
   312   (10)   -   302 
Disposal of a business
   (1)   -   -   (1) 
Tax effect
   (10)   5   -   (5) 
Equity movements of joint ventures
   -   -   8   8 
Equity movements of associates
   -   -   4   4 
At December 31, 2019
  
 
800
 
 
 
(374
) 
 
 
31
 
 
 
456
 
At January 1, 2018
   (80)   (321)   11   (390) 
Movement in foreign currency translation and net foreign investment hedging reserves
   562   (46)   (3)   513 
Disposal of a business
   50   (14)   -   36 
Tax effect
   (32)   12   -   (20) 
Equity movements of joint ventures
   -   -   8   8 
Equity movements of associates
   -   -   2   2 
Other
   -   -   1   1 
At December 31, 2018
  
 
499
 
 
 
(370
) 
 
 
19
 
 
 
149
 
At January 1, 2017
   1,734   (418)   31   1,347 
Movement in foreign currency translation and net foreign investment hedging reserves
   (1,929)   129   -   (1,800) 
Disposal of a business
   7   -   -   7 
Tax effect
   108   (32)   -   76 
Equity movements of joint ventures
   -   -   (15)   (15) 
Equity movements of associates
   -   -   (5)   (5) 
At December 31, 2017
  
 
(80
) 
 
 
(321
) 
 
 
11
 
 
 
(390
) 
Aegon N.V [member]  
Statement [LineItems]  
Summary of Shareholders' Equity
    
Share
capital
   
Paid
-
in
surplus
  
Revaluation
account
  
Legal
reserves
FCTR
   
Legal
reserves
group
companies
   
Retained
earnings
  
Remeasurement
of defined
benefit plans
of group
companies
  
Treasury
shares
  
Net
income/(loss)
  
Total
 
At January 1, 2019
1)
  
 
322
 
  
 
7,486
 
 
 
3,540
 
 
 
130
 
  
 
1,326
 
  
 
7,872
 
 
 
(1,850
) 
 
 
(337
) 
 
 
710
 
 
 
19,200
 
Mandatory change in accounting policy
   -    -   -   -    -    (44)   -   -   -   (44) 
At January 1, 2019 (restated)
  
 
322
 
  
 
7,486
 
 
 
3,540
 
 
 
130
 
  
 
1,326
 
  
 
7,828
 
 
 
(1,850
) 
 
 
(337
) 
 
 
710
 
 
 
19,156
 
Net income 2018 retained
   -    -   -   -    -    710   -   -   (710)   - 
Net income 2019
   -    -   -   -    -    -   -   -   1,239   1,239 
Total net income / (loss)
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
  
 
-
 
  
 
710
 
 
 
-
 
 
 
-
 
 
 
529
 
 
 
1,239
 
Foreign currency translation differences and movement in foreign investment hedging reserves
   -    -    296    -    -   (25)   -   -   271 
Changes in revaluation subsidiaries
   -    -   2,460   -    -    -   -   -   -   2,460 
Changes in revaluation reserve real estate held for own use
   -    -   (28)   -    -    25      (3) 
Remeasurement of defined benefit plans of group companies
   -    -   -   -    -    -   (522)   -   -   (522) 
Changes and transfer to legal reserve
   -    -   143   -    377    (509)   -   -   -   11 
Other
   -    -   -   -    -    15   -   -   -   15 
Other comprehensive income / (loss)
  
 
-
 
  
 
-
 
 
 
2,576
 
 
 
296
 
  
 
377
 
  
 
(469
) 
 
 
(547
) 
 
 
-
 
 
 
-
 
 
 
2,234
 
Shares issued
   1    -   -   -    -    -   -   -   -   1 
Dividends paid on common shares
   -    (273)   -   -    -    (309)   -   -   -   (583) 
Issuance and purchase of treasury shares
   -    -   -   -    -    (86)   -   56   -   (30) 
Issuance and redemption of other equity instruments
   -    -   -   -    -    (81)   -   -   -   (81) 
Coupons on perpetual securities
   -    -   -   -    -    (88)   -   -   -   (88) 
Incentive plans
   -    -   -   -    -    2   -   -   -   2 
At December 31, 2019
  
 
323
 
  
 
7,213
 
 
 
6,116
 
 
 
426
 
  
 
1,703
 
  
 
7,508
 
 
 
(2,397
) 
 
 
(281
) 
 
 
1,239
 
 
 
21,850
 
 
1
 
See in consolidated financial statements note 2.1.1 for details about the impact of adopting IFRS 16 on Leases and note 2.1.2 for details about the impact of voluntary change in accounting policy on Liability Adequacy Testing
 
 
    
Share
capital
   
Paid
-
in
surplus
  
Revaluation
account
  Legal
reserves
FCTR		  Legal
reserves
group
companies		   Retained
earnings		  
Remeasurement
of defined
benefit plans
of group
companies
  Treasury
shares		  Net
income/(loss)		  Total 
At January 1, 2018
  
 
322
 
  
 
7,731
 
 
 
5,017
 
 
 
(401
) 
 
 
1,122
 
  
 
6,022
 
 
 
(1,669
) 
 
 
(325
) 
 
 
2,469
 
 
 
20,287
 
Changes in accounting policies related to liability adequancy testing
  
 
-
 
  
 
-
 
 
 
(22
) 
 
 
-
 
 
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(22
) 
At January 1, 2018 (restated)
1)
  
 
322
 
  
 
7,731
 
 
 
4,995
 
 
 
(401
) 
 
 
1,122
 
  
 
6,022
 
 
 
(1,669
) 
 
 
(325
) 
 
 
2,469
 
 
 
20,265
 
Net income 2017 retained
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
2,469
 
 
 
-
 
 
 
-
 
 
 
(2,469
) 
 
 
-
 
Net income 2018
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
710
 
 
 
710
 
Total net income / (loss)
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
2,469
 
 
 
-
 
 
 
-
 
 
 
(1,759
) 
 
 
710
 
Foreign currency translation differences and movement in foreign investment hedging reserves
  
 
-
 
  
 
-
 
 
 
-
 
 
 
531
 
 
 
-
 
  
 
-
 
 
 
(32
) 
 
 
-
 
 
 
-
 
 
 
499
 
Changes in revaluation subsidiaries
  
 
-
 
  
 
-
 
 
 
(1,462
) 
 
 
-
 
 
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,462
) 
Remeasurement of defined benefit plans of group companies
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
-
 
 
 
(150
) 
 
 
-
 
 
 
-
 
 
 
(150
) 
Changes and transfer to legal reserve
  
 
-
 
  
 
-
 
 
 
7
 
 
 
-
 
 
 
204
 
  
 
(202
) 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
9
 
Other
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
(3
) 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3
) 
Other comprehensive income / (loss)
  
 
-
 
  
 
-
 
 
 
(1,455
) 
 
 
531
 
 
 
204
 
  
 
(205
) 
 
 
(182
) 
 
 
-
 
 
 
-
 
 
 
(1,108
) 
Dividend common shares
  
 
-
 
  
 
(244
) 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
(329
) 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(573
) 
Dividend withholding tax reduction
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
1
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1
 
Treasury shares
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
26
 
 
 
-
 
 
 
(12
) 
 
 
-
 
 
 
14
 
Coupons and premium on convertible core capital securities and coupon on perpetual securities, net of tax
  
 
-
 
  
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
  
 
(113
) 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(113
) 
At December 31, 2018
  
 
322
 
  
 
7,486
 
 
 
3,540
 
 
 
130
 
 
 
1,326
 
  
 
7,872
 
 
 
(1,850
) 
 
 
(337
) 
 
 
710
 
 
 
19,200
 
 
1
 
See in consolidated financial statements note 2.1.2 for details about the impact of voluntary change in accounting policy on Liability Adequacy Testing
Summary of Treasury Stock
 
 
    
2019
   2018 
    
Number of shares
(thousands)
   
        Total amount
           Number of shares
(thousands)		           Total amount 
Common shares
        
Held by Aegon N.V.
   65,540    269    61,418    326 
Held by subsidiaries
   1,043    9    1,144    9 
Common shares B
        
Held by Aegon N.V.
   25,310    3    13,856    2 
At December 31
  
 
91,893
 
  
 
281
 
  
 
76,419
 
  
 
337
 
Aegon N.V [member] | Common Share [member]  
Statement [LineItems]  
Summary of Movements in the Number of Treasury Common Shares
Movements in the number of treasury common shares held by Aegon N.V. were as follows:
 
  
  
2019
 
 
2018
 
 
  
    Number of shares
 
 
 
 
 
    Number of shares
 
 
 
 
  
  
(thousands)
 
 
                     Amount
 
 
(thousands)
 
 
Amount
 
At January 1
  
 
61,418
 
 
 
326
 
 
 
64,488
 
 
 
314
 
     
Transactions in 2019:
  
   
 
   
 
   
 
   
Sale: transactions, average price EUR 5.10
  
 
(3,657
) 
 
 
(19
) 
 
   
 
   
Sale: 1 transaction, average price EUR 5.25
  
 
(32,874
) 
 
 
(173
) 
 
   
 
   
Purchase: 1 transaction, average price EUR 4.52
  
 
32,874
 
 
 
149
 
 
   
 
   
Sale: 1 transaction, average price EUR 5.16
  
 
(35,370
) 
 
 
(183
) 
 
   
 
   
Purchase: 1 transaction, average price EUR 3.89
  
 
43,150
 
 
 
168
 
 
   
 
   
     
Transactions in 2018:
  
   
 
   
 
   
 
   
Sale: transactions, average price EUR 3,76
  
   
 
   
 
 
(3,070
) 
 
 
(12
) 
Sale: 1 transaction, average price EUR 4.62
  
   
 
   
 
 
(21,954
) 
 
 
(101
) 
Purchase: 1 transaction, average price EUR 5.34
  
   
 
   
 
 
21,954
 
 
 
117
 
Sale: 1 transaction, average price EUR 5.09
  
   
 
   
 
 
(24,134
) 
 
 
(123
) 
Purchase: 1 transaction, average price EUR 5.43
  
 
 
 
 
 
 
 
 
 
24,134
 
 
 
131
 
At December 31
  
 
65,540
 
 
 
269
 
 
 
61,418
 
 
 
326
 
Aegon N.V [member] | Common Share B [member]  
Statement [LineItems]  
Summary of Movements in the Number of Treasury Common Shares
Movements in the number of treasury common shares B held by Aegon N.V. were as follows:
 
 
   
  
  
2019
 
 
2018
 
 
  
Number of shares
 
 
 
 
 
Number of shares
 
 
 
 
  
  
(thousands)
 
 
Amount
 
 
(thousands)
 
 
                    Amount
 
At January 1
  
 
13,856
 
 
 
2
 
 
 
15,346
 
 
 
2
 
     
Transactions in 2019:
  
   
 
   
 
   
 
   
Sale: 1 transaction, average price EUR 0.12
  
 
(1,774
) 
 
 
-
 
 
   
 
   
Buy: 1 transaction, average price EUR 0.10
  
 
13,227
 
 
 
1
 
 
   
 
   
     
Transactions in 2018:
  
   
 
   
 
   
 
   
Sale: 1 transaction, average price EUR 0.11
  
 
 
 
 
 
 
 
 
 
(1,489
) 
 
 
-
 
At December 31
  
 
25,310
 
 
 
3
 
 
 
13,856
 
 
 
2