SUMMARIZED CONSOLIDATED INCOME STATEMENTS In accordance with Dutch Accounting Principles Amounts in millions (except for per share data) For notes: see page 108 and following. $^{1}$Adjusted for stock dividend. AEGON GROUP ANNUAL REPORT 2003 80 2003 2002 Note 2003 2002 2001 USD USD number EUR EUR EUR REVENUES 22,020 20,220 Gross premiums 19,468 21,356 21,578 8,354 7,947 Investment income 22 7,386 8,394 9,318 1,381 926 Fees and commissions 23 1,221 978 615 401 394 Income from banking activities 24 354 416 384 32,156 29,487 TOTAL REVENUES 28,429 31,144 31,895 BENEFITS AND EXPENSES 2,560 2,397 Premiums to reinsurers 2,263 2,532 1,859 12,333 11,693 Benefits to policyholders 10,904 12,350 11,916 7,169 7,029 Change in technical provisions 25 6,338 7,424 8,815 194 179 Profit sharing and rebates 26 171 189 248 6,093 4,935 Commissions and expenses 27 5,387 5,212 4,574 730 691 Interest charges 645 730 862 649 812 Miscellaneous income and expenditure 29 574 858 378 29,728 27,736 TOTAL BENEFITS AND EXPENSES 26,282 29,295 28,652 2,428 1,751 Income before tax 2,147 1,849 3,243 (647) (334) Corporation tax 31 (572) (353) (918) 247 48 Net income unconsolidated group companies 32 218 51 72 2,028 1,465 NET INCOME 1,793 1,547 2,397 1.30 0.98 Net income per share 1 33 1.15 1.04 1.70 1.30 0.98 Net income per share fully diluted 1 33 1.15 1.04 1.69