Condensed consolidated interim financial statements
for the three-month period ended
March 31, 2022
Notes to the Condensed consolidated interim financial statements
Amounts are in EUR millions, unless otherwise stated.
Aegon N.V., incorporated and domiciled in the Netherlands, is a public limited liability company organized under Dutch law and recorded in the Commercial Register of The
Hague under number 27076669 and with its registered address at Aegonplein 50, 2591 TV, The Hague, the Netherlands. Aegon N.V. serves as the holding company for the Aegon Group and has listings of its common shares in Amsterdam and New York.
Aegon N.V. (or the Company) and its subsidiaries (Aegon or the Group) have life insurance and pensions operations and are also active
in savings and asset management operations, accident and health insurance, general insurance and to a limited extent banking operations. Aegon focuses on three core markets (the United States, the Netherlands, and the United Kingdom), three growth
markets (Spain & Portugal, China, and Brazil) and one global asset manager. Headquarters are located in The Hague, the Netherlands. The Group employs over 21,000 people worldwide.
1. Basis of presentation
The condensed consolidated
interim financial statements as at, and for the three-month period ended, March 31, 2022 (first quarter 2022 or 1Q 2022), have been prepared in accordance with IAS 34 Interim Financial Reporting, as adopted
by the European Union (hereafter EU-IFRS). They do not include all of the information required for a full set of financial statements prepared in accordance with
EU-IFRS and should therefore be read together with the 2021 consolidated financial statements of Aegon N.V. as included in Aegons Integrated Annual Report for 2021. Aegons Integrated Annual Report
for 2021 is available on its website (aegon.com).
The condensed consolidated interim financial statements have been prepared in accordance with the historical cost
convention as modified by the revaluation of investment properties and those financial instruments (including derivatives) and financial liabilities that have been measured at fair value. The condensed consolidated interim financial statements as
at, and for the three-month period ended, March 31, 2022, were approved by the Supervisory Board on May 11, 2022.
The condensed consolidated interim
financial statements are presented in euro (EUR) and all values are rounded to the nearest million unless otherwise stated. The consequence is that the rounded amounts may not add up to the rounded total in all cases.
The published figures in these condensed consolidated interim financial statements are unaudited.
2. Significant accounting policies
All accounting
policies and methods of computation applied in the condensed consolidated interim financial statements are the same as those applied in the 2021 consolidated financial statements. New IFRS accounting standards and amendments that became effective on
or after January 1, 2022 had no material impact on Aegons financial position or condensed consolidated interim financial statements (refer to paragraph 2.1).
2.1 New IFRS accounting standards effective from 2022
In 2022, the following amendments to existing standards issued by the IASB became effective:
◆ IAS 37 Provisions, Contingent Liabilities and Contingent
Assets;
◆ IAS 16 Property, Plant and Equipment; and
◆ IFRS 3 Business Combinations.
2.2 Future adoption of new EU-IFRS accounting standards and amendments
For a complete overview of IFRS standards and amendments issued before January 1, 2022, which will be applied in future years and were not early adopted by the
Group, please refer to Aegons Integrated Annual Report for 2021.
The IASB did not issue new amendments to its current standards in the three-month period
ended, March 31, 2022.
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Unaudited |
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