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Aegon NV to implement accounting changes

Wednesday, 22 Jan 2014 02:00am EST 

Aegon NV:Says changes to its accounting policies related to deferred policy acquisition costs and longevity reserves as of Jan. 1.Says these changes improve the consistency, comparability and transparency of Aegon's financial results and will be applied beginning with the first quarter 2014 condensed consolidated interim financial statements.Says the retrospective adoption of these two accounting changes is expected to decrease shareholders' equity by between 2.2 bln euros and 2.5 bln euros at Jan. 1.Estimates that these accounting changes will increase underlying earnings before tax by about 80 mln euros in 2014. 

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6 Oct 2015