Results 2012 worldwide  Underlying earnings geographically Amounts in EUR millions 2012 2011 % Net underlying earnings 1,424 1,247 14% Tax on underlying earnings 427 297 44% Underlying earnings before tax geographically Americas 1,366 1,286 6% The Netherlands 325 298 9% United Kingdom 110 14 - New markets 274 249 10% Holding and other activities (224) (303) 26% Underlying earnings before tax 1,851 1,544 20% Net fair value items 11 (416) - Gains / (losses) on investments 407 446 (9%) Impairment charges (176) (388) 55% Other income / (charges) (162) (267) 39% Run-off businesses 2 28 (93%) Income before tax (excluding income tax from certain proportionately consolidated joint  ventures and associates) 1,933 947 104% Income tax from certain proportionately consolidated joint ventures and associates included in  income before tax 15 9 67% Income tax (351) (60) - Of which Income tax from certain proportionately consolidated joint ventures and associates  included in income before tax (15) (9) (67%) Net income 1,582 887 78% Commissions and expenses 5,765 6,250 (8%) of which operating expenses 3,177 3,420 (7%) New life sales Amounts in EUR millions 2012 2011 % Americas 520 418 24% The Netherlands 246 254 (3%) United Kingdom 936 852 10% New markets 253 311 (19%) Total life production 1,955 1,835 7% Gross deposits (on and off balance) Amounts in EUR millions 2012 2011 % Americas 27,042 23,028 17% The Netherlands 1,484 2,048 (28%) United Kingdom 37 56 (34%) New markets 10,909 6,556 66% Total gross deposits 39,472 31,688 25% 21