Q4 2016 Results

“We grew our business,realized major expense savings and made goodprogress on our digitaltransformation.”

Alex WynaendtsCEO Aegon

UNDERLYING EARNINGSPER REGION (EUR MILLION)

Sales

€Gross

Deposits

UnderlyingEarnings

€

Net Income

2,727 22.6 EUR million EUR billion

Q4 2015

Q3 2016

2,886

2,904

Q4 2015

Q3 2016

23.8

24.7

554EUR million EUR million

Q4 2015

Q3 2016

435

461     

Q4 2015

Q3 2016

(580)

358

470

OptimizedPortfolio

STRATEGIC OBJECTIVES

Aegon Asset Management madesubstantial investments in a range of sustainable energy projects in the United States, Germany, Norway and Turkey.

Transamerica achieved 90 out of 100points in the Human Rights CampaignFoundation Corporate Equality Index.This reflects the company’s commitmentto creating an inclusive work environmentfor all employees.

As per January 1, 2017, the businesses in continental Europe are brought togetherunder one single leadership team. This helps Aegon to adapt faster tochanges in the industry.

On January 1, 2017, Aegon closed theacquisition of Cofunds which means weare now the market-leading platform in the UK by some distance.

OperationalExcellence

EmpoweredEmployees

CustomerLoyalty

Americas Europe

Asia

174388

13

Holding (57)

Asset Management35