| Total net investment result |
5 Total net investment result
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|
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|
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|
|
|
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| |
|
1H 2026 |
|
|
1H 2025 1 |
|
|
|
|
Insurance net investment result |
|
|
313 |
|
|
|
393 |
|
|
|
|
Other net investment result |
|
|
125 |
|
|
|
163 |
|
|
|
|
Financing net investment result |
|
|
(92 |
) |
|
|
(91 |
) |
|
|
|
Total net investment result |
|
|
346 |
|
|
|
465 |
|
1 |
1H 2025 figures are restated as Aegon UK is classified as discontinued operations. | 5.1 Insurance net investment result
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| |
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Insurance contracts |
|
|
1H 2026 |
|
|
|
|
|
| |
|
|
Direct part. |
|
|
|
Without direct part. |
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|
|
Total |
1 |
|
|
|
|
Insurance investment return |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest revenue on financial instruments calculated using the effective interest method |
|
|
- |
|
|
|
1,231 |
|
|
|
1,231 |
|
|
|
|
|
Interest income from instruments measured at FVPL |
|
|
- |
|
|
|
105 |
|
|
|
105 |
|
|
|
|
|
Other investment income |
|
|
- |
|
|
|
5 |
|
|
|
6 |
|
|
|
|
|
Results from financial transactions |
|
|
4,610 |
|
|
|
708 |
|
|
|
5,318 |
|
|
|
|
|
Impairment (losses) / reversals |
|
|
- |
|
|
|
16 |
|
|
|
16 |
|
|
|
|
|
| Interest expenses |
|
|
- |
|
|
|
(39 |
) |
|
|
(39 |
) |
|
|
|
|
Profit or loss impacts |
|
|
4,611 |
|
|
|
2,027 |
|
|
|
6,637 |
|
|
|
|
|
Unrealized gains / (losses) on financial assets (FVOCI) |
|
|
- |
|
|
|
(565 |
) |
|
|
(565 |
) |
|
|
|
|
| Realized gains / (losses) on disposal of financial assets (FVOCI) |
|
|
- |
|
|
|
(5 |
) |
|
|
(5 |
) |
|
|
|
|
OCI impacts |
|
|
- |
|
|
|
(570 |
) |
|
|
(570 |
) |
|
|
|
|
Total insurance investment return |
|
|
4,611 |
|
|
|
1,457 |
|
|
|
6,067 |
|
|
|
|
|
Insurance finance income / (expenses) – General model |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest accreted to insurance contracts |
|
|
- |
|
|
|
(1,488 |
) |
|
|
(1,488 |
) |
|
|
|
|
Interest rate and other financial assumption changes |
|
|
- |
|
|
|
(207 |
) |
|
|
(208 |
) |
|
|
|
|
| Revaluation of changes in non-financial assumptions and experience adjustments to current interest rates |
|
|
- |
|
|
|
50 |
|
|
|
50 |
|
|
|
|
|
Insurance finance income / (expenses) – Variable fee approach |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value of underlying assets |
|
|
(5,228 |
) |
|
|
- |
|
|
|
(5,228 |
) |
|
|
|
|
| Change in fulfillment value - risk mitigation option |
|
|
615 |
|
|
|
- |
|
|
|
615 |
|
|
|
|
|
Total insurance finance income / (expenses) |
|
|
(4,613 |
) |
|
|
(1,645 |
) |
|
|
(6,259 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
(4,616 |
) |
|
|
(2,041 |
) |
|
|
(6,657 |
) |
|
|
|
|
Amounts recognized in OCI |
|
|
3 |
|
|
|
396 |
|
|
|
398 |
|
|
|
|
|
Reinsurance finance income / (expenses) on reinsurance held |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest accreted to reinsurance contracts |
|
|
- |
|
|
|
339 |
|
|
|
339 |
|
|
|
|
|
Interest rate and other financial assumption changes |
|
|
- |
|
|
|
(134 |
) |
|
|
(134 |
) |
|
|
|
|
| Revaluation of changes in non-financial assumptions and experience adjustments to current interest rates |
|
|
- |
|
|
|
(35 |
) |
|
|
(35 |
) |
|
|
|
|
Changes in risk of non-performance of reinsurers |
|
|
- |
|
|
|
(7 |
) |
|
|
(7 |
) |
|
|
|
|
Total reinsurance finance income / (expenses) on reinsurance held |
|
|
- |
|
|
|
163 |
|
|
|
163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
- |
|
|
|
332 |
|
|
|
332 |
|
|
|
|
|
Amounts recognized in OCI |
|
|
- |
|
|
|
(169 |
) |
|
|
(169 |
) |
|
|
|
|
Insurance net investment result |
|
|
(2 |
) |
|
|
(25 |
) |
|
|
(29 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
(5 |
) |
|
|
318 |
|
|
|
313 |
|
|
|
|
|
Amounts recognized in OCI |
|
|
3 |
|
|
|
(343 |
) |
|
|
(341 |
) |
1 |
Investment contracts with DPF - Without direct part. includes EUR (2) million in line Total insurance finance income / (expenses) and Insurance net investment result. |
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|
| |
|
Insurance contracts |
|
|
1H 2025 1 |
|
|
|
|
|
| |
|
|
Direct part. |
|
|
|
Without direct part. |
|
|
|
Total |
|
|
|
|
|
Insurance investment return |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest revenue on financial instruments calculated using the effective interest method |
|
|
- |
|
|
|
1,364 |
|
|
|
1,364 |
|
|
|
|
|
Interest income from instruments measured at FVPL |
|
|
- |
|
|
|
111 |
|
|
|
111 |
|
|
|
|
|
Other investment income |
|
|
- |
|
|
|
7 |
|
|
|
7 |
|
|
|
|
|
Results from financial transactions |
|
|
3,705 |
|
|
|
110 |
|
|
|
3,814 |
|
|
|
|
|
Impairment (losses) / reversals |
|
|
- |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
|
| Interest expenses |
|
|
- |
|
|
|
(73 |
) |
|
|
(73 |
) |
|
|
|
|
Profit or loss impacts |
|
|
3,705 |
|
|
|
1,517 |
|
|
|
5,223 |
|
|
|
|
|
Gains / (losses) on investments in equity instruments (FVOCI) |
|
|
- |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
|
Unrealized gains / (losses) on financial assets (FVOCI) |
|
|
- |
|
|
|
745 |
|
|
|
745 |
|
|
|
|
|
| Realized gains / (losses) on disposal of financial assets (FVOCI) |
|
|
- |
|
|
|
76 |
|
|
|
76 |
|
|
|
|
|
OCI impacts |
|
|
- |
|
|
|
821 |
|
|
|
821 |
|
|
|
|
|
Total insurance investment return |
|
|
3,705 |
|
|
|
2,338 |
|
|
|
6,044 |
|
|
|
|
|
Insurance finance income / (expenses) – General model |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest accreted to insurance contracts |
|
|
- |
|
|
|
(1,533 |
) |
|
|
(1,533 |
) |
|
|
|
|
Interest rate and other financial assumption changes |
|
|
- |
|
|
|
(827 |
) |
|
|
(827 |
) |
|
|
|
|
| Revaluation of changes in non-financial assumptions and experience adjustments to current interest rates |
|
|
- |
|
|
|
150 |
|
|
|
150 |
|
|
|
|
|
Insurance finance income / (expenses) – Variable fee approach |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value of underlying assets |
|
|
(3,637 |
) |
|
|
- |
|
|
|
(3,637 |
) |
|
|
|
|
| Change in fulfillment value - risk mitigation option |
|
|
318 |
|
|
|
- |
|
|
|
318 |
|
|
|
|
|
Total insurance finance income / (expenses) |
|
|
(3,320 |
) |
|
|
(2,210 |
) |
|
|
(5,530 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
(3,324 |
) |
|
|
(1,773 |
) |
|
|
(5,097 |
) |
|
|
|
|
Amounts recognized in OCI |
|
|
4 |
|
|
|
(437 |
) |
|
|
(433 |
) |
|
|
|
|
Reinsurance finance income / (expenses) on reinsurance held |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest accreted to reinsurance contracts |
|
|
- |
|
|
|
280 |
|
|
|
280 |
|
|
|
|
|
Interest rate and other financial assumption changes |
|
|
- |
|
|
|
102 |
|
|
|
102 |
|
|
|
|
|
| Revaluation of changes in non-financial assumptions and experience adjustments to current interest rates |
|
|
- |
|
|
|
(54 |
) |
|
|
(54 |
) |
|
|
|
|
Changes in risk of non-performance of reinsurers |
|
|
- |
|
|
|
1 |
|
|
|
1 |
|
|
|
|
|
Total reinsurance finance income / (expenses) on reinsurance held |
|
|
- |
|
|
|
329 |
|
|
|
329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
- |
|
|
|
267 |
|
|
|
267 |
|
|
|
|
|
Amounts recognized in OCI |
|
|
- |
|
|
|
62 |
|
|
|
62 |
|
|
|
|
|
Insurance net investment result |
|
|
385 |
|
|
|
457 |
|
|
|
843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts recognized in profit or loss |
|
|
381 |
|
|
|
12 |
|
|
|
393 |
|
|
|
|
|
Amounts recognized in OCI |
|
|
4 |
|
|
|
446 |
|
|
|
450 |
|
1 |
1H 2025 figures are restated as Aegon UK is classified as discontinued operations. | 5.2 Results from financial transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
1H 2026 |
|
|
1H 2025 1 |
|
|
|
|
|
|
| |
|
Insurance |
|
|
Non-insurance |
|
|
Insurance |
|
|
Non-insurance |
|
|
|
|
|
|
Fair value gains and losses derivatives |
|
|
154 |
|
|
|
(3 |
) |
|
|
79 |
|
|
|
1 |
|
|
|
|
|
|
Fair value changes of financial assets at FVPL |
|
|
5,121 |
|
|
|
2,259 |
|
|
|
3,760 |
|
|
|
1,980 |
|
|
|
|
|
|
Other |
|
|
43 |
|
|
|
(4 |
) |
|
|
(24 |
) |
|
|
6 |
|
|
|
|
|
|
Results from financial transactions |
|
|
5,318 |
|
|
|
2,252 |
|
|
|
3,814 |
|
|
|
1,987 |
|
1 |
1H 2025 figures are restated as Aegon UK is classified as discontinued operations. |
|