CONSOLIDATED INCOME STATEMENTS In accordance with Dutch Accounting Principles Amounts in EUR millions AEGON GROUP ANNUAL REPORT 2003 82 For notes: see page 108 and following. Note number 2003 2002 2001 TECHNICAL ACCOUNT NON-LIFE INSURANCE PREMIUMS EARNED FOR OWN ACCOUNT Gross premiums 3,259 3,615 3,297 Premiums to reinsurers (500) (555) (602) 2,759 3,060 2,695 Change in technical provision unearned premiums and unexpired risks Gross (223) (439) (546) Reinsurers’ share 55 155 198 (168) (284) (348) 2,591 2,776 2,347 INVESTMENT INCOME 22 289 329 359 FEES AND COMMISSIONS 23 241 302 142 CLAIMS FOR OWN ACCOUNT Claims incurred Gross (1,668) (1,927) (1,945) Reinsurers’ share 239 302 364 (1,429) (1,625) (1,581) Change in provision for claims Gross (163) (154) 238 Reinsurers’ share 7 63 (134) (156) (91) 104 (1,585) (1,716) (1,477) OPERATING EXPENSES 27 (1,156) (1,305) (1,053) INVESTMENT CHARGES 28 (3) (2) (6) OTHER TECHNICAL CHARGES OWN ACCOUNT 29 (33) (44) (36) 344 340 276 INVESTMENT INCOME ALLOCATED TO THE NON-TECHNICAL ACCOUNT 30 (23) (26) (27) RESULT TECHNICAL ACCOUNT NON-LIFE 21 321 314 249 NON-TECHNICAL ACCOUNT RESULT TECHNICAL ACCOUNT LIFE INSURANCE 1,364 784 2,308 RESULT TECHNICAL ACCOUNT NON-LIFE INSURANCE 321 314 249 INVESTMENT INCOME 22 34 47 93 INCOME FROM BANKING ACTIVITIES 24 354 416 384 ALLOCATED INVESTMENT INCOME TRANSFERRED FROM TECHNICAL ACCOUNTS 30 871 1,056 1,038 OPERATING EXPENSES BANKING ACTIVITIES  AND OTHER EXPENSES 27 (140) (125) (96) INVESTMENT CHARGES 28 (642) (691) (806) MISCELLANEOUS INCOME AND EXPENDITURE 29 (15) 48 73 INCOME BEFORE TAX 2,147 1,849 3,243 CORPORATION TAX 31 (572) (353) (918) NET INCOME UNCONSOLIDATED GROUP COMPANIES 32 218 51 72 NET INCOME 1,793 1,547 2,397