29 ANNUAL REPORT 2010   OUR BUSINESSES  AEGON LINES OF BUSINESS ■ Life reinsurance ■ Non-life insurance Includes business written by AEGON’s  subsidiary, Transamerica Reinsurance. General insurance, including mainly  automotive, liability and household  insurance and fire protection.  2,111 million USD Underlying earnings  before tax 385 million EUR Underlying earnings  before tax Americas underlying earnings Life and protection Individual saving and retirement products Life reinsurance Employer solutions and pensions 43% 31% 5% 18% Canada 3% The Netherlands underlying earnings Life and savings Pensions Distribution Non-life Associates 48% 40% 4% 9% (1)% United Kingdom underlying earnings Life Pensions Distribution 98% 10% (8)% Life Individual savings and retirement products Pensions Non-life Asset Management Associates New Markets underlying earnings 38% (4)% 9% 10% 23% 24% ■ France ■ Variable Annuities Europe ■ AEGON Asset Management Partnership with French insurer and  pension specialist AG2R La Mondiale. Variable annuities offered by AEGON  operating companies in Europe.  Asset management products, including  both equity and fixed income, covering  third party clients and AEGON’s own  insurance companies.  200 million EUR Underlying earnings  before tax SHARPENING OUR FOCUS 61 million GBP Underlying earnings  before tax