v3.26.1
Insurance service result (Tables)
 6 Months Ended
Jun. 30, 2026
Insurance service result [abstract]  
Summary of Insurance Service Result
 
    
 
    1H 2026
 
         1H 2025 
1
 
Insurance revenue
     
Expected insurance claims and expenses
      3,396       3,698  
Earnings released from CSM
      391       387  
Release of risk adjustment
      118       127  
Recovery of acquisition cash flows
      275       273  
Other
      6       18  
Contracts measured under
Non-PAA
   
 
4,186
 
  
 
4,503
 
Contracts measured under the PAA
      61       56  
Total Insurance revenue
   
 
4,247
 
  
 
4,558
 
Insurance service expenses
     
Incurred claims and expenses
      (3,344 )      (4,074 ) 
Onerous contract losses (and reversals)
      (880 )      (624 ) 
Amortization of acquisition cash flows
      (275 )      (273 ) 
Contracts measured under
Non-PAA
   
 
(4,499
) 
  
 
(4,972
) 
Contracts measured under PAA
      (66 )      (61 ) 
Total Insurance service expenses
   
 
(4,565
) 
  
 
(5,033
) 
Net income / (expenses) on reinsurance held
     
Assumption changes that adjust underlying onerous contracts
      185       14  
Experience adjustments that adjust underlying onerous contracts
      265       259  
CSM recognized for service received
      (18 )      (3 ) 
Release of risk adjustment
      (35 )      (38 ) 
Experience adjustments on current service
      (26 )      355  
Gain on retrospective reinsurance for incurred claims
      1       1  
Reversals of loss recovery component from onerous underlying contracts
      1       -  
Contracts measured under
Non-PAA
   
 
372
 
  
 
588
 
Contracts measured under PAA
      -       -  
Net income / (expenses) on reinsurance held
   
 
372
 
  
 
588
 
Insurance service result
   
 
54
 
  
 
113
 
 
1
 
1H 2025 figures are restated as Aegon UK is classified as discontinued operations.
Summary of Revenue Recognized on Insurance and Investments Contracts
Revenue recognized on insurance contracts in-force
   
    1H 2026
         1H 2025 
1
  
Transitioned under the modified retrospective approach
      191       234  
Transitioned under the fair value approach
      3,451       3,814  
Other contracts
      605        510   
Total revenue recognized on insurance contracts
   
 
4,247
 
  
 
4,558
 
 
1
 
1H 2025 figures are restated as Aegon UK is classified as discontinued operations.