Aegon N : Financial Supplement 2Q 2021

Financial Supplement 2Q 2021 Results

The Hague, August 12, 2021	Helping people achieve a lifetime of financial security

Financial Supplement 2Q 2021 Results

Table of contents

Aegon N.V.	21	Individual Solutions - Mutual Funds	Aegon United Kingdom
2	Reporting structure	22	Individual Solutions - Variable Annuities	39	Reporting structure
3	Results overview	23	Individual Solutions - Fixed Annuities	40	Key figures Aegon United Kingdom
4	Market highlights	24	Workplace Solutions - Life	40	Key figures Scottish Equitable plc
5	Sales	24	Workplace Solutions - Accident & Health	41	Assets under Administration
6	Key performance indicators	25	Workplace Solutions - Retirement Plans	42	Investments general account
7	Fair value items	26	Workplace Solutions - Stable Value Solutions	42	Corporate bonds and structured assets
8	Return on Capital per segment	27	Brazil	Aegon International
8	Group return on Equity	28	Investments general account
43	Reporting structure
9	Capital structure	28	Corporate bonds and structured assets
44	Key figures Aegon International
10	Condensed consolidated statement of financial position	29	Investments general account (II)
45	Spain & Portugal - Key figures
10	Revenue generating investments	30	Investments general account (III)
45	China - Key figures
11	Investments general account
Aegon the Netherlands	45	TLB - Key figures
11	Corporate bonds and structured assets
31	Reporting structure	46	Investments general account
12	Cash Capital at Holding
32	Key figures Aegon the Netherlands	46	Corporate bonds and structured assets
13	Capital ratios of main units
33	Life
14	Group Solvency II ratio
34	Mortgages	Aegon Asset Management
15	Capital generation
35	Bank - Statutory basis	47	Reporting structure
15	Operating capital generation per segment
35	Bank - Bridge from statutory to group-view operating result	48	Key figures Aegon Asset Management
Aegon Americas	36	Workplace Solutions	49	Profit & Loss
16	Reporting structure	37	Life - Investments general account	49	Assets under Management
17	Key figures Aegon Americas	37	Life - Corporate bonds and structured assets
18	Deposits and account balances	38	Bank - Investments general account	Other corporate information
19	Individual Solutions - Life	38	Bank - Corporate bonds and structured assets	50	Public ratings
20	Individual Solutions - Accident & Health			51	Disclaimers
				52	Corporate and shareholder information

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Reporting structure

Aegon N.V.

Unaudited

Financial Supplement 2Q 2021 Results

• Results overview
• Market highlights
• Sales
• Key performance indicators
• Fair value items
• Return on Capital per segment
• Group return on Equity
• Capital structure
• Condensed consolidated statement of financial position
• Revenue generating investments
• Investments general account
• Corporate bonds and structured assets
• Cash Capital at Holding
• Capital ratios of main units
• Group Solvency II ratio
• Capital generation
• Operating capital generation per segment

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Financial Supplement 2Q 2021 Results

Aegon N.V.												unaudited
Results overview											amounts in millions
EUR
		2020					2021				Full Year
	First	Second	Third	Fourth		First	Second	Third	Fourth		2020	2021
	Quarter	Quarter	Quarter	Quarter		Quarter	Quarter	Quarter	Quarter
Americas				259
129	133	272	163	282				792
The Netherlands	154	166	176	168		184	185				665
United Kingdom	44	37	31	32		39	44				144
International	49	33	44	39		28	34				164
Asset Management	38	33	58	53		75	71				182
Holding and other activities	(56)	(56)	(53)	(71)		(59)	(54)				(237)
Operating result	358	347	526	479		431	562				1,710
Fair value items	1,377	(698)	(577)	(523)		3	468				(421)
Realized gains/(losses) on investments	14	1	59	76		31	162				150
Net impairments	(59)	(135)	(20)	(23)		16	15				(237)
Non-operating items	1,333	(832)	(538)	(471)		50	644				(508)
Other income/(charges)	(162)	(909)	(536)	368		1	(153)				(1,239)
Result before tax	1,529	(1,394)	(547)	376		482	1,053				(37)
Income tax	(258)	326	129	(105)		(96)	(205)				92
Net result	1,270	(1,068)	(418)	271		386	849				55
Interest on financial leverage classified as equity after tax	(10)	(19)	5	(14)		(9)	(14)				(38)
Net result after interest on financial leverage classified as equity	1,261	(1,087)	(413)	257		378	834				17
Americas	(492)	(673)	267	363		123	507				(535)
The Netherlands	1,632	(358)	(679)	(34)		228	303				561
United Kingdom	122	(8)	(12)	(36)		(11)	47				67
International	85	6	46	27		36	38				164
Asset Management	16	30	41	64		52	46				151
Holding and other activities	(92)	(66)	(81)	(115)		(41)	(91)				(354)
Net result	1,270	(1,068)	(418)	271		386	849				55
Addressable expenses	790	782	704	711		691	706				2,986

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Financial Supplement 2Q 2021 Results

Aegon N.V.												unaudited
Market highlights											amounts in millions
EUR											except per share data
		2020				2021				Full Year
	First	Second	Third	Fourth		First	Second	Third	Fourth		2020	2021
	Quarter	Quarter	Quarter	Quarter		Quarter	Quarter	Quarter	Quarter
Shares
Shares outstanding	2,053	2,057	2,082	2,058	2,058	2,063			2,058
Weighted average shares outstanding	2,053	2,055	2,061	2,062	2,058	2,060			2,058
Per share data
Operating result after tax and leverage allocation	0.14	0.13	0.21	0.19	0.17	0.21			0.67
Net result	0.62	(0.52)	(0.20)	0.13	0.19	0.41			0.02
Net result after leverage allocation	0.61	(0.53)	(0.20)	0.12	0.18	0.40			-
Dividends on common shares	-	0.06	-	0.06	-	0.08			0.12
Shareholders' equity	11.58	11.63	10.99	11.08	10.70	11.46			11.08
Shareholders' equity excl. revaluation reserves	8.99	8.08	7.44	7.45	8.03	8.36			7.45
Trading statistics (Amsterdam Stock Exchange)
High	4.13	3.04	3.02	3.25	4.29	4.20			4.13
Low	1.67	2.08	2.03	2.29	3.21	3.49			1.67
Close	2.31	2.65	2.22	3.24	4.05	3.50			3.24
Volume (average daily)	17,077,743	18,555,520	13,170,317	17,286,734	14,075,372	9,176,529			16,483,644

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