147 ANNUAL REPORT 2010 NOTE 5  SEGMENT INFORMATION S HAR PENING OUR FOCUS Income statement –  Underlying earnings Americas The  Nether- lands United  Kingdom New  Markets Holding  and other  activities Elimi- nations Total Associates  elimi- nations Total  IFRS  based 2010 Underlying earnings  before tax 1,598 385 72 200 (283) – 1,972 (9) 1,963 Fair value items  (24) 361   (9)  (10)  (97) –  221  –  221 Realized gains / (losses)  on investments 380 155 14 13 96 – 658 (2) 656 Impairment charges  (464)  (17)  (39)  (22) –  –   (542) –   (542) Impairment reversals 81 6 3 – – – 90 – 90 Other income / (charges)  (306) 38  48   (56)  (34) 1  (309) –   (309) Run-off businesses  (165) – – – – –  (165) –  (165) Income / (loss)  before tax 1,100  928  89  125   (318) 1 1,925   (11) 1,914  Income tax  (expense) / benefi t 31 (217) (5) (34) 60 – (165) 11 (154) NET INCOME / (LOSS) 1,131 711 84 91  (258) 1 1,760 – 1,760 Inter-segment underlying  earnings (154) (51) (67) 248 24 Revenues 2010 Life insurance gross  premiums 6,877   3,185  7,425  1,306  –  –  18,793   (427) 18,366  Accident and health  insurance 1,850   201  –  72  –  –  2,123   (2) 2,121  General insurance –  451 – 159 – – 610 – 610 Total gross premiums 8,727  3,837 7,425 1,537 – – 21,526  (429) 21,097 Investment income 4,073   2,161  2,340  234  305   (279) 8,834   (72) 8,762  Fee and commission  income 998   348  164  479  –   (245) 1,744  –  1,744  Other revenues 1  – – 4 1 – 6  (1) 5 TOTAL REVENUES 13,799   6,346  9,929  2,254  306   (524) 32,110   (502) 31,608  Inter-segment revenues –  1 3 246 274