INVESTMENTS, ASSETS AND CAPITAL GEOGRAPHICALLY Amounts in EUR millions (unless otherwise stated) United Americas Kingdom The United Other Total Total USD GBP AT DECEMBER 31, 2003 Americas Netherlands Kingdom countries EUR USD INVESTMENTS 113,396 1,316 Fixed income 89,783 12,330 1,868 1,846 105,827 133,660 3,831 76 Shares and real estate 3,033 5,502 108 141 8,784 11,094 117,227 1,392 TOTAL GENERAL ACCOUNT 92,816 17,832 1,976 1,987 114,611 144,754 12,478 16,592 Fixed income 9,880 11,096 23,542 427 44,945 56,765 33,472 15,085 Shares and real estate 26,502 7,032 21,403 207 55,144 69,647 45,950 31,677 TOTAL POLICYHOLDERS ACCOUNT 36,382 18,128 44,945 634 100,089 126,412 163,177 33,069 TOTAL INSURANCE ACTIVITIES 129,198 35,960 46,921 2,621 214,700 271,166 — — Banking activities — 6,360 — — 6,360 8,033 63,750 954 OFF BALANCE SHEET ASSETS 50,475 10,514 1,354 509 62,852 79,382 226,927 34,023 TOTAL BUSINESS UNITS 179,673 52,834 48,275 3,130 283,912 358,581 Other investments 223 281 Total group 284,135 358,862 168,993 33,681 Assets business units 133,803 45,855 47,788 3,059 230,505 291,128 Other assets 3,471 4,384 Total assets on balance sheet 233,976 295,512 17,725 2,173 Capital in units 14,034 2,865 3,083 481 20,463 25,845 Total capital base 19,797 25,004 Other net liabilities 666 841 TOTAL 20,463 25,845 INVESTMENTS 105,544 980 Fixed income 100,643 10,792 1,507 1,611 114,553 120,132 3,460 88 Shares and real estate 3,299 4,943 135 133 8,510 8,924 109,004 1,068 TOTAL GENERAL ACCOUNT 103,942 15,735 1,642 1,744 123,063 129,056 11,952 15,401 Fixed income 11,397 11,139 23,675 312 46,523 48,789 23,274 12,940 Shares and real estate 22,193 5,934 19,892 186 48,205 50,552 35,226 28,341 TOTAL POLICYHOLDERS ACCOUNT 33,590 17,073 43,567 498 94,728 99,341 144,230 29,409 TOTAL INSURANCE ACTIVITIES 137,532 32,808 45,209 2,242 217,791 228,397 — — Banking activities — 7,167 — — 7,167 7,516 51,008 806 OFF BALANCE SHEET ASSETS 48,639 1,689 1,239 471 52,038 54,572 195,238 30,215 TOTAL BUSINESS UNITS 186,171 41,664 46,448 2,713 276,996 290,485 Other investments 378 397 Total group 277,374 290,882 149,948 29,864 Assets business units 142,985 42,750 45,910 2,541 234,186 245,591 Other assets 4,020 4,216 Total assets on balance sheet 238,206 249,807 16,518 2,028 Capital in units 15,751 2,605 3,117 399 21,872 22,937 Total capital base 20,058 21,035 Other net liabilities 1,814 1,902 TOTAL 21,872 22,937 AT DECEMBER 31, 2002 AEGON GROUP ANNUAL REPORT 2003 131