XML 451 R338.htm IDEA: XBRL DOCUMENT v3.20.1
Capital Management and Solvency - Composition of Total Capitalization and Calculation of Gross Financial Leverage Ratio (Detail) - EUR (€)
€ in Millions
Dec. 31, 2019
Dec. 31, 2018
Jan. 01, 2018
 [1]
Disclosure of capital management and solvency [line items]      
Total shareholders' equity-based on IFRS as adopted by the EU € 22,457 € 19,518  
Non-controlling interests and long term incentive plans not yet vested 73 80  
Revaluation reserves (5,868) (3,436)  
Adjusted shareholders' equity 16,662 16,162  
Subordinated borrowings 2,207 1,389 [1] € 764
Trust pass-through securities 136 133 [1] € 133
Currency revaluation other equity instruments1) [2] 54 110  
Hybrid leverage 4,916 4,895  
Senior debt [3] 1,738 1,774  
Senior leverage 1,738 1,774  
Total gross financial leverage 6,653 6,669  
Total capitalization € 23,316 € 22,831  
Gross financial leverage ratio 28.50% 29.20%  
Fixed Charge Coverage 7.7 8.2  
Fixed floating subordinated notes [member]      
Disclosure of capital management and solvency [line items]      
Other equity instruments € 1,404 € 1,389  
Fixed subordinated notes [member]      
Disclosure of capital management and solvency [line items]      
Subordinated borrowings 804    
Perpetual contingent convertible securities [member]      
Disclosure of capital management and solvency [line items]      
Other equity instruments 500    
Junior perpetual capital securities [member]      
Disclosure of capital management and solvency [line items]      
Other equity instruments 1,564 2,808  
Perpetual cumulative subordinated bonds [member]      
Disclosure of capital management and solvency [line items]      
Other equity instruments € 454 € 454  
[1] Amounts have been restated to reflect voluntary changes in accounting policies related to liability adequacy testing that was adopted by Aegon effective January 1, 2019. Refer to note 2.1.2 Voluntary changes in accounting policies for details about this change.
[2] Other equity instruments that are denominated in foreign currencies are, for purpose of calculating hybrid leverage, revalued to the period-end exchange rate.
[3] Senior debt for the gross financial leverage calculation also contains swaps for an amount of EUR (7) million (2018: EUR (1) million).