DEFERRED POLICY ACQUISITION COSTS Amounts in EUR millions AEGON GROUP ANNUAL REPORT 2003 133 The United Other AT DECEMBER 31, 2003 Americas Netherlands Kingdom countries Total Traditional life 3,893 199 151 149 4,392 Fixed annuities 1,605 — — — 1,605 GICs and funding agreements 28 — — — 28 Life for account of policyholders 639 798 3,561 28 5,026 Variable annuities 1,300 — — — 1,300 Fee business 90 — 6 — 96 Accident and health 910 37 — — 947 TOTAL 8,465 1,034 3,718 177 13,394 Of which VOBA 2,745 — 1,205 — 3,950 The United Other AT DECEMBER 31, 2002 Americas Netherlands Kingdom countries Total Traditional life 4,788 248 149 68 5,253 Fixed annuities 1,863 — — — 1,863 GICs and funding agreements 54 — — — 54 Life for account of policyholders 741 831 3,718 29 5,319 Variable annuities 1,492 — — — 1,492 Fee business 102 — 6 — 108 Accident and health 1,073 36 — — 1,109 TOTAL 10,113 1,115 3,873 97 15,198 Of which VOBA 4,002 — 1,345 — 5,347