Skip to main content
Home
  • About us
    • Who we are
      • Our history
      • Our customers
      • Our brand
      • Art at Aegon
    • What we do
      • Our businesses
      • Our strategy
      • Integrated Annual Report
    • Governance
      • Executive Board
      • Management Board
      • Supervisory Board
      • Compliance
      • Governance documents
  • Investors
    • General
      • Analyst consensus
      • Annual reports
      • Financial calendar
      • Financial results
      • Aegon and IFRS 17
      • Capital Markets Day
      • Presentations archive
    • Capital & liquidity
      • About debt programs
      • Debt program Aegon
      • Dividend
      • Ratings
      • Share buyback program
    • Shareholders & AGM
      • Redomiciliation
      • Annual General Meeting
      • Extraordinary General Meeting
      • Major shareholders
      • Retail US shareholders
      • Share price tool
      • Contact investor relations
  • Newsroom
    • News
      • All News
      • Press releases
    • Media relations
      • Contact media relations
      • Media kit
  • Sustainability
    • Focus themes
      • Climate change
      • Inclusion & diversity
    • Our approach
      • Ambition & governance
      • Commitments, ratings & recognition
      • Reports & policies library
    • Stakeholder value
      • Responsible investment
      • Responsible tax
      • Community investments
      • Government & policy affairs
      • Human rights
      • Responsible procurement
      • Customer experience
      • Engaged workforce
  • Careers
    • Vacancies
      • Search
    • Working at Aegon
      • Inclusion & Diversity
      • Why Aegon?
    • Careers at Aegon
      • Career development
      • Graduates & Interns
  • Aegon country websites

    Select another Aegon website from the list of links below.
    • country flag
      Aegon Life (India)
    • country flag
      Transamerica (USA)
    • country flag
      Aegon Spain
    • country flag
      Mongeral Aegon (Brazil)
    • country flag
      Aegon Asset Management
    • country flag
      Aegon THTF (China)
    • country flag
      Aegon United Kingdom
  • Filters
    Article Type

Aegon hosts educational webinar on IFRS 17 and IFRS 9

March 09, 2023, 18:29 CET
2 minutes

Breadcrumb

  1. Press releases

Aegon will today host an educational webinar to outline its implementation of the accounting standards IFRS 17 and IFRS 9, which have become effective on January 1, 2023. IFRS 17 is the first international accounting standard for insurance contracts and aims to create more consistency and comparability between companies. While the new accounting standard will impact Aegon’s financial reporting, it will not impact its strategy, capital management approach, financial targets and outlook.

child sitting at table while mother pets dog

During the webinar, Aegon will explain the choices it has made in implementing IFRS 17 and IFRS 9 and the impact of the new standards on its balance sheet and income statement by using selected key financial information.

Reducing earnings volatility
The new standard more closely aligns the valuation of assets and liabilities, which will reduce the impact from accounting mismatches in the financial results compared with the previous standards. Aegon has made accounting choices in implementing IFRS 17 where possible that allow for alignment of earnings with the relevant local capital frameworks and limit earnings volatility from accounting mismatches.

Financial impact of the transition to new accounting standards
In the IFRS 17 and IFRS 9 opening balance sheet of January 1, 2022, Aegon’s shareholders’ equity is expected to decline to around EUR 11.7 billion from around EUR 17.8 billion excluding revaluation reserves under IFRS 4. This reflects the establishment of a contractual service margin (CSM) of EUR 11.8 billion pre-tax. The CSM represents a substantial stock of future value that is expected to be released through the operating result over time and to lead to a higher operating result than under IFRS 4.

Further details will be shared during the educational webinar, that will be hosted by Matt Rider, CFO, and Jan Willem Weidema, Head of Investor Relations. The webinar will commence at 12:30 pm CET and a link to register for the livestream is available on the corporate website. After the presentation, analysts will have the opportunity to ask questions through the webinar platform. A replay will be available later today.

The link to access the webinar, the supporting presentation and explanatory videos are located on the investor relations page of our website at aegon.com.

Press release PDF

IFRS 17 webinar presentation
PDF 2.29 MB

Contact

  • Media relations
  • Investor relations

Webinar

  • Sign in here to join the webinar
  • Download the presentation
  • IFRS 17 page with videos
  • About us
    • Who we are
    • What we do
    • Governance
    • Contact Aegon
  • Investors
    • General
    • Capital & liquidity
    • Shareholders & AGM
  • Newsroom
    • News
    • Media relations
  • Sustainability
    • Our focus themes
    • Our approach
    • Stakeholder value
  • Careers
    • Vacancy search
    • Working at Aegon
Site logo
  • Privacy statement
  • Cookie statement
  • Accessibility
  • Disclaimer
Aegon ©2023