Local currencies and constant currency exchange rates

Transcription

1 The infrmatin included in the fllwing sheets f this Excel file frms an integral part f the AEGON press release n the Full year results 2009 as published n February 25, Cautinary nte regarding nn-gaap measures This press release includes certain nn-gaap financial measures: underlying earnings befre tax, perating earnings befre tax, and value f new business. The recnciliatin f underlying earnings befre tax and perating earnings befre tax t the mst cmparable IFRS measures is prvided n page 8. Value f new business is nt based n IFRS, which are used t reprt AEGON s quarterly statements and shuld nt be viewed as a substitute fr IFRS financial measures. AEGON believes that these nn-gaap measures, tgether with the IFRS infrmatin, prvide a meaningful measure fr the investment cmmunity t evaluate AEGON s business relative t the businesses f ur peers. Lcal currencies and cnstant currency exchange rates This press release cntains certain infrmatin abut ur results and financial cnditin in USD fr the Americas and GBP fr the United Kingdm, because thse businesses perate and are managed primarily in thse currencies. Certain cmparative infrmatin presented n a cnstant currency basis eliminates the effects f changes in currency exchange rates. Nne f this infrmatin is a substitute fr r superir t financial infrmatin abut us presented in EUR, which is the currency f ur primary financial statements. Frward-lking statements The statements cntained in this press release that are nt histrical facts are frward-lking statements as defined in the US Private Securities Litigatin Refrm Act f The fllwing are wrds that identify such frward-lking statements: believe, estimate, target, intend, may, expect, anticipate, predict, prject, cunting n, plan, cntinue, want, frecast, shuld, wuld, is cnfident, will, and similar expressins as they relate t ur cmpany. These statements are nt guarantees f future perfrmance and invlve risks, uncertainties and assumptins that are difficult t predict. We undertake n bligatin t publicly update r revise any frward-lking statements. Readers are cautined nt t place undue reliance n these frward-lking statements, which merely reflect cmpany expectatins at the time f writing. Actual results may differ materially frm expectatins cnveyed in frward-lking statements due t changes caused by varius risks and uncertainties. Such risks and uncertainties include but are nt limited t the fllwing: Changes in general ecnmic cnditins, particularly in the United States, the Netherlands and the United Kingdm; Changes in the perfrmance f financial markets, including emerging markets, such as with regard t: The frequency and severity f defaults by issuers in ur fixed incme investment prtflis; and The effects f crprate bankruptcies and/r accunting restatements n the financial markets and the resulting decline in the value f equity and debt securities we hld; The frequency and severity f insured lss events; Changes affecting mrtality, mrbidity and ther factrs that may impact the prfitability f ur insurance prducts; Changes affecting interest rate levels and cntinuing lw r rapidly changing interest rate levels; Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates; Increasing levels f cmpetitin in the United States, the Netherlands, the United Kingdm and emerging markets; Changes in laws and regulatins, particularly thse affecting ur peratins, the prducts we sell, and the attractiveness f certain prducts t ur cnsumers; Regulatry changes relating t the insurance industry in the jurisdictins in which we perate; Acts f Gd, acts f terrrism, acts f war and pandemics; Changes in the plicies f central banks and/r gvernments; Litigatin r regulatry actin that culd require us t pay significant damages r change the way we d business; Custmer respnsiveness t bth new prducts and distributin channels; Cmpetitive, legal, regulatry, r tax changes that affect the distributin cst f r demand fr ur prducts; Our failure t achieve anticipated levels f earnings r peratinal efficiencies as well as ther cst saving initiatives; and The impact ur adptin f the Internatinal Financial Reprting Standards may have n ur reprted financial results and financial cnditin. Further details f ptential risks and uncertainties affecting the cmpany are described in the cmpany s filings with Eurnext Amsterdam and the US Securities and Exchange Cmmissin, including the Annual Reprt n Frm 20-F. These frward-lking statements speak nly as f the date f this dcument. Except as required by any applicable law r regulatin, the cmpany expressly disclaims any bligatin r undertaking t release publicly any updates r revisins t any frward-lking statements cntained herein t reflect any change in the cmpany s expectatins with regard theret r any change in events, cnditins r circumstances n which any such statement is based.

2 KEY PERFORMANCE INDICATORS amunts in EUR millins Ntes Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax (181) - 1,160 1,573 (26) Net incme (1,182) (1,082) - New life sales (8) 2,045 2,631 (22) Grss depsits excluding Institutinal Guaranteed Prducts 4 5,932 5,978 (1) 5,970 (1) 23,628 22,371 6 Value f new business (VNB) (7) (8) Return n equity 5 8.9% 8.4% 6 (8.7%) - 5.9% 6.6% (11)

3 FINANCIAL OVERVIEW EUR millins Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax by line f business Life and prtectin (5) , Individual savings and retirement prducts (1) (433) - (94) (146) 36 Pensins and asset management (41) (49) Institutinal prducts (5) (71) Life reinsurance (114) - 21 (63) - Distributin (9) (1) - (19) 53 (3) 1 - General insurance (3) (20) Interest charges and ther (48) (69) 30 (17) (182) (252) (112) (125) Share in net results f assciates 5 6 (17) (4) Underlying earnings befre tax (181) - 1,160 1,573 (26) Over/(under) perfrmance f fair value items (174) (58) (200) (770) 77 (460) (1,619) 72 Operating earnings befre tax (14) (951) (46) - Operating earnings befre tax by line f business Life and prtectin (13) Individual savings and retirement prducts (36) (61) 41 (902) 96 (315) (922) 66 Pensins and asset management (65) (81) Institutinal prducts (20) 37 - (54) Life reinsurance (7) (319) (361) - Distributin (9) (1) - (19) 53 (3) 1 - General insurance (3) (20) Interest charges and ther (74) (96) (441) Share in net results f assciates 5 6 (17) (4) Operating earnings befre tax (14) (951) (46) - Gains/(lsses) n investments 324 (100) Impairment charges (209) (285) 27 (501) 58 (1,273) (1,038) (23) Other incme/(charges) 5 48 (90) 38 (87) (323) (12) - Incme befre tax 373 (44) - (1,278) - (464) (1,061) 56 Incme tax (89) 96 (79) 668 (21) - Net incme (1,182) (1,082) - Net underlying earnings (69) - 1,025 1,234 (17) Net perating earnings (623) Underlying earnings gegraphically Americas (234) ,073 (25) The Netherlands (7) United Kingdm 34 (13) (66) Other cuntries (17) Hlding and ther (48) (69) 30 (18) (167) (252) (112) (125) Underlying earnings befre tax (181) - 1,160 1,573 (26) Operating earnings ngs gegraphically Americas (6) (1,167) (587) - The Netherlands (63) 227 (77) (29) United Kingdm 34 (6) - (6) (56) Other cuntries (2) (17) Hlding and ther (74) (96) (441) Operating earnings befre tax (14) (951) (46) - Cmmissins and expenses 1,388 1,473 (6) 1,863 (25) 5,983 6,109 (2) f which perating expenses (11) 3,262 3,272 -

4 SALES EUR millins Q Q % Q % FY 2009 FY 2008 % New life sales Life single premiums 2,161 1, ,327 (7) 7,422 10,532 (30) Life recurring premiums annualized (9) 1,303 1,578 (17) Ttal recurring plus 1/10 single (8) 2,045 2,631 (22) New premium prductin accident and health insurance (22) (9) New premium prductin general insurance (18) Grss depsits (n and ff balance) by line f business Fixed annuities (11) 1,676 (77) 3,377 4,057 (17) Variable annuities ,055 2, Saving depsits 1, ,032 2, Retail mutual funds (10) ,117 2, Pensins and asset management 2,973 2, , ,045 10,505 5 Institutinal guaranteed prducts (22) 5,963 (90) 4,325 18,380 (76) Life reinsurance Ttal grss depsits 6,530 6,742 (3) 11,933 (45) 27,953 40,751 (31) Ttal grss depsits excl. institutinal guaranteed prducts 5,932 5,978 (1) 5,970 (1) 23,628 22,371 6 Net depsits (n and ff balance) by line f business Fixed annuities (226) (225) Variable annuities (92) (114) (441) - Saving depsits (535) (699) - Retail mutual funds (182) (18) Pensins and asset management 997 1,373 (27) 257-3,122 1, Institutinal guaranteed prducts (7,153) (3,473) (106) 1,679 - (14,412) 2,185 - Life reinsurance (11) (12) 8 (19) 42 (51) (61) 16 Ttal net depsits (5,623) (1,493) - 1,679 - (8,954) 3,414 - Ttal net depsits excl. institutinal guaranteed prducts 1,530 1,980 (23) - - 5,458 1,229 - REVENUE GENERATING INVESTMENTS Dec. 31, Sept. 30, % Revenue generating investments (ttal) 361, ,033 2 Investments general accunt Investments fr accunt f plicyhlders Off balance sheet investments third parties 134, , , , , , (1)

5 FINANCIAL OVERVIEW, FY 2009 YEAR-TO-DATE GEOGRAPHICALLY amunts in millin EUR (unless therwise stated) Hlding, United ther Americas Kingdm The United Other activities & Ttal USD GBP Americas Netherlands Kingdm cuntries eliminatins EUR Underlying earnings befre tax by line f business Life and prtectin ,052 (84) - Individual savings and retirement prducts (59) (54) (94) Pensins and asset management Institutinal prducts Life reinsurance (16) Distributin - 16 (19) - - (3) - - General insurance Interest charges and ther (252) (252) (5) - Share in net results f assciates (4) (1) , Underlying earnings befre tax (252) 1,160 (42) 5 Over/(under) perfrmance f fair value items (30) (247) 6 - (189) (460) 1, Operating earnings befre tax (441) 700 Operating earnings befre tax by line f business Life and prtectin (394) - Individual savings and retirement prducts (280) (54) (315) Pensins and asset management 32 (33) Institutinal prducts Life reinsurance (16) Distributin - 16 (19) - - (3) - - General insurance Interest charges and ther (441) (441) (5) - Share in net results f assciates (4) (1) , Operating earnings befre tax (441) Gains/(lsses) n investments (1,337) (163) Impairment charges (951) (111) (183) (23) (5) (1,273) (4) 59 Other incme/(charges) (3) - 66 (387) 1 (323) (243) 34 Incme befre tax (173) (242) (351) (464) 940 (29) Incme tax 669 (23) (33) (43) Net incme (285) (253) 204 1, Net underlying earnings (193) 1,025 1, Net perating earnings (325) 718

6 FINANCIAL OVERVIEW, Q GEOGRAPHICALLY amunts in millin EUR (unless therwise stated) Hlding, United ther Americas Kingdm The United Other activities & Ttal USD GBP Americas Netherlands Kingdm cuntries eliminatins EUR Underlying earnings befre tax by line f business Life and prtectin Individual savings and retirement prducts 101 (27) Pensins and asset management (2) - Institutinal prducts (5) (5) 22 - Life reinsurance (8) Distributin - 1 (10) - - (9) - - General insurance Interest charges and ther (48) (48) (1) - Share in net results f assciates (1) (2) Underlying earnings befre tax (48) 427 (143) - Over/(under) perfrmance f fair value items (103) (43) - (2) (26) (174) Operating earnings befre tax (74) 253 Operating earnings befre tax by line f business Life and prtectin (25) - Individual savings and retirement prducts (11) (27) (36) Pensins and asset management (22) - Institutinal prducts (20) (20) 62 - Life reinsurance (8) Distributin - 1 (10) - - (9) - - General insurance Interest charges and ther (74) (74) (1) - Share in net results f assciates (1) (2) Operating earnings befre tax (74) Gains/(lsses) n investments (1) (231) (49) Impairment charges (145) 7 (54) (17) - (209) - 8 Other incme/(charges) (4) Incme befre tax (25) (4) Incme tax 71 (45) (5) - (1) Net incme (26) Net underlying earnings (41) Net perating earnings (60) 278

7 AMERICAS - EARNINGS USD millins Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax by line f business Life (2) (15) Accident and health (13) Life and prtectin ,132 (15) Fixed annuities (15) Variable annuities (10) (709) - (356) (587) 39 Retail mutual funds (12) (8) (50) - - (39) 8 - Individual savings and retirement prducts (623) - (84) (211) 60 Pensins and asset management (4) (61) Institutinal guaranteed prducts (17) (78) BOLI/COLI (6) Institutinal prducts (2) (72) Life reinsurance (170) - 29 (93) - Share in net results f assciates (1) (1) (5) 1 - Underlying earnings befre tax (412) - 1,132 1,573 (28) Over/(under) perfrmance f fair value items (143) (97) (47) (1,330) 89 (42) (2,434) 98 Operating earnings befre tax (1) (1,742) - 1,090 (861) - Operating earnings befre tax by line f business Life (5) Accident and health (7) Life and prtectin Fixed annuities (110) (68) - Variable annuities (119) (164) 27 (1,185) 90 (670) (1,289) 48 Retail mutual funds (12) (8) (50) - - (39) 8 - Individual savings and retirement prducts (25) (85) 71 (1,295) 98 (394) (1,349) 71 Pensins and asset management (11) (51) Institutinal guaranteed prducts (36) 47 - (76) (15) - BOLI/COLI (8) Institutinal prducts (22) 56 - (84) Life reinsurance (2) (465) (529) - Share in net results f assciates (1) (1) (5) 1 - Operating earnings befre tax (1) (1,742) - 1,090 (861) - Gains/(lsses) n investments 74 (98) - (10) - 8 (103) - Impairment charges (231) (287) 20 (499) 54 (1,337) (1,138) (17) Other incme/(charges) - (5) - (1) - (4) 6 - Incme befre tax 146 (84) - (2,252) - (243) (2,096) 88 Incme tax (62) 393 (69) Net incme (1,859) (2,022) - Net underlying earnings (279) - 1,048 1,143 (8) Net perating earnings (1,136) - - 1,055 (491) - Cmmissins and expenses 1,141 1,295 (12) 1,451 (21) 5,009 4,961 1 f which perating expenses ,227 2,167 3 Fr the amunts in eur see the Financial Supplement.

8 AMERICAS - SALES USD millins Q Q % Q % FY 2009 FY 2008 % New life sales Life single premiums (5) 262 (30) (35) Life recurring premiums annualized (16) Ttal recurring plus 1/10 single (18) Life (2) (15) BOLI/COLI (93) 4 36 (89) Life reinsurance (14) Ttal recurring plus 1/10 single (18) New premium prductin accident and health insurance (10) (13) Grss depsits (n and ff balance) by line f business Fixed annuities (6) 2,328 (72) 4,751 5,947 (20) Variable annuities ,728 3,680 1 Retail mutual funds ,414 2,813 (14) Pensins and asset management 3,394 2, , ,027 12,987 (7) Institutinal guaranteed prducts 972 1,158 (16) 8,075 (88) 6,085 26,945 (77) Life reinsurance (50) Ttal grss depsits 6,841 6, ,318 (52) 29,007 52,376 (45) Ttal grss depsits excl. institutinal guaranteed prducts 5,869 5, ,243 (6) 22,922 25,431 (10) Net depsits (n and ff balance) by line f business Fixed annuities (296) (278) (6) Variable annuities (51) (150) (811) - Retail mutual funds (219) (40) Pensins and asset management 1, ,584 2, Institutinal guaranteed prducts (10,320) (4,906) (110) 2,433 - (20,280) 3,203 - Life reinsurance (17) (17) - (25) 32 (72) (89) 19 Ttal net depsits (8,940) (3,973) (125) 2,959 - (15,348) 5,844 - Ttal net depsits excl. institutinal guaranteed prducts 1, ,932 2, REVENUE GENERATING INVESTMENTS Dec. 31, 2009 Sept. 30, 2009 % Revenue generating investments (ttal) 307, ,483 (1) Investments general accunt Investments fr accunt f plicyhlders Off balance sheet investments third parties 123,560 71, , ,712 68, ,844 (2) 4 (3) Fr the amunts in eur see the Financial Supplement.

9 THE NETHERLANDS - EARNINGS EUR millins Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax by line f business Life (34) Accident and health 1 9 (89) (3) Life and prtectin (11) (37) Saving prducts (27) (8) - (20) (35) (54) (14) - Individual savings and retirement prducts (27) (8) - (20) (35) (54) (14) - Pensins and asset management (69) (44) Distributin 1 3 (67) (22) General insurance 8 (2) - (15) (88) Share in net results f assciates (2) (1) 7 - Underlying earnings befre tax (7) Over/(under) perfrmance f fair value items (43) (247) (165) (50) Operating earnings befre tax (63) 227 (77) (29) Operating earnings befre tax by line f business Life (33) Accident and health 1 9 (89) (3) Life and prtectin (39) Saving prducts (27) (8) - (20) (35) (54) (14) - Individual savings and retirement prducts (27) (8) - (20) (35) (54) (14) - Pensins and asset management (63) 258 (90) (33) Distributin 1 3 (67) (22) General insurance 8 (2) - (15) (88) Share in net results f assciates (2) (1) 7 - Operating earnings befre tax (63) 227 (77) (29) Gains/(lsses) n investments 190 (34) Impairment charges 7 (12) - (68) - (111) (138) 20 Incme befre tax Incme tax (45) (21) (114) (119) 62 (23) (1) - Net incme Net underlying earnings (6) 80 (9) (8) Net perating earnings (61) 129 (68) (18) Cmmissins and expenses (15) 1,181 1,269 (7) f which perating expenses (13) (7)

10 THE NETHERLANDS - SALES EUR millins Q Q % Q % FY 2009 FY 2008 % New life sales Life single premiums ,503 1, Life recurring premiums annualized Ttal recurring plus 1/10 single Life (15) Pensins Ttal recurring plus 1/10 single New premium prductin accident and health insurance New premium prductin general insurance (7) Grss depsits (n and ff balance) by line f business Saving depsits 1, ,032 2, Pensins and asset management (4) Ttal grss depsits 1,183 1, ,444 2, Net depsits (n and ff balance) by line f business Saving depsits (535) (699) - Pensins and asset management (123) (99) (38) (161) Ttal net depsits (49) (521) (737) - REVENUE GENERATING INVESTMENTS Dec. 31, 2009 Sept. 30, 2009 % Revenue generating investments (ttal) 70,861 69,656 2 Investments general accunt Investments fr accunt f plicyhlders Off balance sheet investments third parties 36,144 21,749 12,968 35,496 21,044 13, (1)

11 UNITED KINGDOM - EARNINGS GBP millins Ntes Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax by line f business Life (44) (17) Life and prtectin (44) (17) Pensins and asset management 28 (18) - (8) (69) Distributin (8) (3) (167) 3 - (16) (1) - Underlying earnings befre tax 30 (11) (62) Over/(under) perfrmance f fair value items (15) - 5 (15) - Operating earnings befre tax 30 (5) - (2) (51) Operating earnings befre tax by line f business Life (44) (17) Life and prtectin (44) (17) Pensins and asset management 28 (12) - (23) (51) Distributin (8) (3) (167) 3 - (16) (1) - Operating earnings befre tax 30 (5) - (2) (51) Gains/(lsses) n investments (16) - 90 (17) - Impairment charges (49) (70) (163) (18) - Other incme/(charges) (81) 28 (71) 59 (14) - Incme befre tax 19 (6) (31) Incme tax attributable t plicyhlder return (8) (43) 81 (28) 71 (59) 14 - Incme befre incme tax n sharehlders return 11 (49) - (16) - (25) 63 - Incme tax n sharehlders return 4 16 (75) 8 (50) Net incme 15 (33) - (8) (92) Net underlying earnings 30 (5) (46) Net perating earnings 30 (1) (34) Cmmissins and expenses f which perating expenses (1) Fr the amunts in eur see the Financial Supplement.

12 UNITED KINGDOM - SALES GBP millins Ntes Q Q % Q % FY 2009 FY 2008 % New life sales 9 Life single premiums 1,171 1, ,548 (24) 4,571 6,470 (29) Life recurring premiums annualized (10) (15) Ttal recurring plus 1/10 single (18) 943 1,222 (23) Life (23) 66 (53) (27) Pensins (8) (22) Ttal recurring plus 1/10 single (18) 943 1,222 (23) Grss depsits (n and ff balance) by line f business Pensins and asset management (45) , Ttal grss depsits (45) , Net depsits (n and ff balance) by line f business Pensins and asset management (76) (322) - Ttal net depsits (76) (322) - REVENUE GENERATING INVESTMENTS Dec. 31, 2009 Sept. 30, 2009 % Revenue generating investments (ttal) 55,774 54,224 3 Investments general accunt Investments fr accunt f plicyhlders Off balance sheet investments third parties 7,031 45,975 2,768 6,779 44,795 2, Fr the amunts in eur see the Financial Supplement.

13 OTHER COUNTRIES - EARNINGS EUR millins Q Q % Q % FY 2009 FY 2008 % Underlying earnings befre tax by line f business Life (21) (41) Accident and health (60) Life and prtectin (21) (40) Variable annuities (1) (1) (1) - Saving prducts Retail mutual funds Individual savings and retirement prducts Pensins and asset management General insurance (17) (5) Share in net results f assciates Underlying earnings befre tax (17) Over/(under) perfrmance f fair value items (2) (1) (100) Operating earnings befre tax (2) (17) Operating earnings befre tax by line f business Life (21) (41) Accident and health (60) Life and prtectin (21) (40) Variable annuities (3) (2) (50) (1) - Saving prducts Retail mutual funds Individual savings and retirement prducts 2 3 (33) 3 (33) Pensins and asset management General insurance (17) (5) Share in net results f assciates Operating earnings befre tax (2) (17) Gains/(lsses) n investments (1) 2 - (10) 90 7 (10) - Impairment charges (17) (1) - (49) 65 (23) (68) 66 Other incme/(charges) (4) (387) 1 - Incme befre tax (59) (75) - (242) 16 - Incme tax - (13) (43) (25) (72) Net incme (42) (66) - (285) (9) - Net underlying earnings (10) Net perating earnings (10) Cmmissins and expenses (50) (31) f which perating expenses (18) (8)

14 OTHER COUNTRIES - SALES EUR millins Q Q % Q % FY 2009 FY 2008 % New life sales Life single premiums (21) Life recurring premiums annualized (10) (15) Ttal recurring plus 1/10 single (2) (16) Life (2) (16) Saving prducts Ttal recurring plus 1/10 single (2) (16) New premium prductin accident and health insurance (50) 5 6 (17) New premium prductin general insurance (25) Grss depsits (n and ff balance) Variable annuities (2) Retail mutual funds (37) , Pensins and asset management Ttal grss depsits (20) ,686 1, Net depsits (n and ff balance) Variable annuities Retail mutual funds (59) (56) Pensins and asset management (33) 141 (40) (6) Ttal net depsits (31) REVENUE GENERATING INVESTMENTS Dec. 31, 2009 Sept. 30, 2009 % Revenue generating investments (ttal) 12,327 11,667 6 Investments general accunt Investments fr accunt f plicyhlders Off balance sheet investments third parties 2,706 2,413 7,208 2,765 2,275 6,627 (2) 6 9

15 NET UNDERLYING EARNINGS GEOGRAPHICALLY EUR millins Ntes Q Q % Q % FY 2009 FY 2008 % 1 Americas (155) (4) The Netherlands (6) 80 (9) (8) United Kingdm 33 (6) (53) Other cuntries (10) Hlding and ther (41) (50) 18 (3) - (193) (67) (188) Net underlying earnings (69) - 1,025 1,234 (17) OVER/UNDER PERFORMANCE OF FAIR VALUE ITEMS EUR millins Operating earnings befre tax (14) (951) (46) - (Over)/under perfrmance f fair value items - Americas (89) 30 1,660 (98) (Over)/under perfrmance f fair value items - The Netherlands 43 (39) - (152) (Over)/under perfrmance f fair value items - United Kingdm - (7) (6) 19 - (Over)/under perfrmance f fair value items - Other cuntries (Over)/under perfrmance f fair value items - Hlding and ther (4) (30) (225) - Underlying earnings befre tax (181) - 1,160 1,573 (26) Net underlying earnings (69) - 1,025 1,234 (17) AMERICAS - OVER/UNDER PERFORMANCE OF FAIR VALUE ITEMS USD millins Over/(under) perfrmance f fair value items by line f business Life and prtectin (3) 3 - (114) 97 (34) (218) 84 Individual savings and retirement prducts (161) (189) 15 (672) 76 (310) (1,138) 73 Pensins and asset management (34) - (14) (59) 76 Institutinal prducts (20) 46 - (215) (583) - Life reinsurance (7) (295) (436) - Ttal ver/(under) perfrmance f fair value items (143) (97) (47) (1,330) 89 (42) (2,434) 98 Ttal ver/(under) perfrmance f fair value items in EUR (103) (76) (36) (933) 89 (30) (1,660) 98 THE NETHERLANDS - OVER/UNDER PERFORMANCE OF FAIR VALUE ITEMS EUR millins Over/(under) perfrmance f fair value items by line f business Life and prtectin (16) (40) 32 - Pensins and asset management (27) (207) (197) (5) Ttal ver/(under) perfrmance f fair value items (43) (247) (165) (50) UNITED KINGDOM - OVER/UNDER PERFORMANCE OF FAIR VALUE ITEMS GBP millins Over/(under) perfrmance f fair value items by line f business Pensins and asset management (15) - 5 (15) - Ttal ver/(under) perfrmance f fair value items (15) - 5 (15) - OTHER COUNTRIES - OVER/UNDER PERFORMANCE OF FAIR VALUE ITEMS EUR millins Over/(under) perfrmance f fair value items by line f business Variable annuities (2) (1) (100) Ttal ver/(under) perfrmance f fair value items (2) (1) (100)

16 SALES EUR millins Q Q % Q % FY 2009 FY 2008 % New life sales (8) 2,045 2,631 (22) Grss depsits (n and ff balance) 6,530 6,742 (3) 11,933 (45) 27,953 40,751 (31) New life sales Life single premiums 2,161 1, ,327 (7) 7,422 10,532 (30) Life recurring premiums annualized (9) 1,303 1,578 (17) Ttal recurring plus 1/10 single (8) 2,045 2,631 (22) Life (20) 885 1,101 (20) Saving prducts Pensins ,011 1,341 (25) BOLI/COLI (91) 3 25 (88) Life reinsurance (3) (10) Ttal recurring plus 1/10 single (8) 2,045 2,631 (22) New premium prductin accident and health insurance (22) (9) New premium prductin general insurance (18) Grss depsits (n and ff balance) Fixed annuities (11) 1,676 (77) 3,377 4,057 (17) Variable annuities ,055 2, Saving prducts 1, ,032 2, Retail mutual funds (10) ,117 2, Pensins and asset management 2,973 2, , ,045 10,505 5 Institutinal guaranteed prducts (22) 5,963 (90) 4,325 18,380 (76) Life reinsurance Ttal grss depsits 6,530 6,742 (3) 11,933 (45) 27,953 40,751 (31) Ttal grss depsits excl. institutinal guaranteed prducts 5,932 5,978 (1) 5,970 (1) 23,628 22,371 6 Net depsits (n and ff balance) by line f business Fixed annuities (226) (225) Variable annuities (92) (114) (441) - Saving depsits (535) (699) - Retail mutual funds (182) (18) Pensins and asset management 997 1,373 (27) 257-3,122 1, Institutinal guaranteed prducts (7,153) (3,473) (106) 1,679 - (14,412) 2,185 - Life reinsurance (11) (12) 8 (19) 42 (51) (61) 16 Ttal net depsits (5,623) (1,493) - 1,679 - (8,954) 3,414 - Ttal net depsits excl. institutinal guaranteed prducts 1,530 1,980 (23) - - 5,458 1,229 - EMPLOYEE NUMBERS At At Dec. 31, Dec. 31, Number f emplyees 28,382 31,425 Agents 3,292 4,446 Number f emplyees excl. agents 25,090 26,979

17 VALUE OF NEW BUSINESS AND IRR VNB VNB VNB VNB VNB EUR millins, after tax Q Q % Q % FY 2009 FY 2008 % Americas (31) (29) The Netherlands United Kingdm (42) (27) Other Cuntries (14) (19) Ttal (7) (8) IRR % IRR% IRR% EUR millins, after tax Q Q Q Americas The Netherlands United Kingdm Other Cuntries Ttal MODELED NEW BUSINESS, APE AND DEPOSITS Premium business Premium business APE APE EUR millins Ntes Q Q % Q % FY 2009 FY 2008 % 10 Americas (6) 279 (16) 997 1,097 (9) The Netherlands United Kingdm (27) 1,070 1,514 (29) Other Cuntries (30) (13) Ttal (15) 2,753 3,321 (17) Depsit business Depsit business Depsits Depsits EUR millins Q Q % Q % FY 2009 FY 2008 % Americas 3,022 4,367 (31) 8,718 (65) 17,753 30,151 (41) Other Cuntries Ttal 3,130 4,462 (30) 8,742 (64) 18,278 30,249 (40) VNB/PVNBP SUMMARY Premium business Premium business VNB PVNBP VNB/ PVNBP VNB/ APE VNB PVNBP VNB/ PVNBP VNB/ APE EUR millins Ntes Q % % FY 2009 % % 11 Americas 44 1, , The Netherlands 66 1, , United Kingdm 35 1, , Other Cuntries , Ttal 170 4, , Depsit business Depsit business VNB PVNBP VNB/ PVNBP VNB/ Depsits VNB PVNBP VNB/ PVNBP VNB/ Depsits EUR millins Ntes Q % % FY 2009 % % 11 Americas 41 3, , Other Cuntries , Ttal 46 4, ,

18 Ntes: 1) Certain assets held by AEGON Americas, AEGON The Netherlands and AEGON UK are carried at fair value, and managed n a ttal return basis, with n ffsetting changes in the valuatin f related liabilities. These include assets such as hedge funds, private equities, real estate limited partnerships, cnvertible bnds and structured prducts. Underlying earnings exclude any ver- r underperfrmance cmpared t management s lng-term expected return n these assets. Based n current hldings and asset class returns, the lng-term expected return n an annual basis is 8-10%, depending n the asset class, including cash incme and market value changes. The expected earnings frm these asset classes are net f DPAC where applicable. In additin, certain prducts ffered by AEGON Americas cntain guarantees and are reprted n a fair value basis, including the segregated funds ffered by AEGON Canada and the ttal return annuities and guarantees n variable annuities f AEGON USA. The earnings n these prducts are impacted by mvements in equity markets and risk free interest rates. Shrt-term develpments in the financial markets may therefre cause vlatility in earnings. Included in underlying earnings is a lng-term expected return n these prducts, and any ver- r underperfrmance cmpared t management s expected return is excluded frm underlying earnings. The fair value mvements f certain guarantees and the fair value change f derivatives that hedge certain risks n these guarantees f AEGON the Netherlands and Variable Annuities Eurpe (included in Other cuntries) are excluded frm underlying earnings. The Hlding includes certain issued bnds that are held at fair value thrugh prfit r lss. The interest rate risk n these bnds is hedged using swaps. The change in AEGON's credit spread resulted in a lss f EUR 26 mln in Q n the fair value mvement n these bnds. 2) Net incme refers t net incme attributable t equity hlders f AEGON N.V. 3) New life sales is defined as new recurring premiums + 1/10 f single premiums. 4) Depsits n and ff balance sheet. In the previus quarters f 2009 grss saving depsits f AEGON The Netherlands were verstated by EUR 130 millin, EUR 192 millin and EUR 817 millin in Q1, Q2 and Q3, respectively. Net depsits were nt impacted. Cmparative figures have been restated. 5) Return n equity is calculated by dividing the net underlying earnings after cst f leverage by the average sharehlders' equity excluding the preferred shares and the revaluatin reserve. 6) Capital securities that are denminated in freign currencies are, fr purpses f calculating the capital base rati, revalued t the perid-end exchange rate. 7) All ratis exclude AEGON's revaluatin reserve. 8) Included in ther nn-perating incme/(charges) are charges made t plicyhlders with respect t incme tax. 9) There is an equal and ppsite tax charge which is reprted in the line Incme tax attributable t plicyhlder return. Includes prductin n investment cntracts withut a discretinary participatin feature f which the prceeds are nt recgnized as revenues but are directly added t ur investment cntract liabilities. 10) APE = recurring premium + 1/10 single premium. 11) PVNBP: Present Value New Business Premium. a) b) a) The calculatin f the IGD (Insurance Grup Directive) capital surplus and rati are based n Slvency I capital requirements n IFRS fr entities within the EU (Pillar I fr AEGON UK), and lcal regulatry slvency measurements fr nn-eu entities. Specifically, required capital fr the life insurance cmpanies in the US is calculated as tw times the upper end f the Cmpany Actin Level range (200%) as applied by the Natinal Assciatin f Insurance Cmmissiners in the US.. The calculatin f the IGD rati excludes the available and required capital f the UK With-Prfit funds. In the UK slvency surplus calculatin the lcal regulatr nly allws the available capital number f the With-Prfits funds included in verall lcal available capital t be equal t the amunt f With-Prfits funds required capital. The results in this release are unaudited.

19 Currencies Incme statement items: average rate 1 EUR = USD (2008: USD ) Incme statement items: average rate 1 EUR = GBP (2008: GBP ) Balance sheet items: clsing rate 1 EUR = USD (2008: USD ) Balance sheet items: clsing rate 1 EUR = GBP (2008: GBP )