| 384 | Additional informationExhibit 7 |
Exhibit 7
RATIO OF EARNINGS TO FIXED CHARGES
| Year ended December 31, | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income before taxes (restated) 1) | (514 | ) | 916 | 1,236 | 2,024 | 1,036 | ||||||||||||||
Add: Fixed charges included in earnings | 1,643 | 1,542 | 1,746 | 2,151 | 2,148 | |||||||||||||||
(A) Total Earnings | 1,129 | 2,458 | 2,981 | 4,175 | 3,185 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest | 412 | 371 | 355 | 519 | 491 | |||||||||||||||
Interest on fixed annuities, investment contracts and savings accounts | 1,232 | 1,171 | 1,391 | 1,632 | 1,657 | |||||||||||||||
Sub-total fixed charges included in earnings | 1,643 | 1,542 | 1,746 | 2,151 | 2,148 | |||||||||||||||
Dividend on preferred shares | - | - | 24 | 59 | 59 | |||||||||||||||
Coupons on perpetual capital securities | 148 | 171 | 194 | 230 | 237 | |||||||||||||||
Coupons on Non-Cumulative Subordinated Notes | 38 | 32 | 28 | 30 | - | |||||||||||||||
(B) Total fixed charges | 1,829 | 1,744 | 1,992 | 2,470 | 2,444 | |||||||||||||||
Ratio: (A) / (B) | 0.6 | 1.4 | �� | 1.5 | 1.7 | 1.3 | ||||||||||||||
Ratio excluding interest on fixed annuities, investment contracts and savings accounts | (0.2 | ) | 2.2 | 2.6 | 3.0 | 1.9 | ||||||||||||||
| 1) | Refer to Note 2.1.2 Voluntary changes in accounting policies of the consolidated financial statements of Aegon N.V. for details about these changes. |
| Supplemental Annual Report 2015 |
