21 ANALYSIS OF TECHNICAL RESULTS Marine, NON-LIFE INSURANCE Legal transport Accident liability Other and General Other & health motor motor aviation Fire liability branches Total 2003 Gross premiums 2,463 188 162 42 323 52 29 3,259 Gross premiums earned 2,250 186 159 42 318 52 29 3,036 Gross claims incurred (1,304) (157) (106) (27) (181) (41) (15) (1,831) Gross operating expenses (1,045) (48) (42) (11) (115) (21) (8) (1,290) Balance of reinsurance ceded (52) (1) (1) (2) (9) 0 0 (65) (151) (20) 10 2 13 (10) 6 (150) Investment income 226 21 14 2 17 8 1 289 Fees and commissions 241 0 0 0 0 0 0 241 Investment charges (4) (1) 0 0 0 2 0 (3) Balance of other items (29) 0 (1) (2) 0 (1) 0 (33) Investment income allocated to the non-technical account (12) (4) (1) (1) (2) (1) (2) (23) RESULT TECHNICAL ACCOUNT NON-LIFE 271 (4) 22 1 28 (2) 5 321 2002 Gross premiums 2,848 186 150 41 305 52 33 3,615 Gross premiums earned 2,414 184 151 41 300 53 33 3,176 Gross claims incurred (1,571) (151) (112) (29) (177) (30) (11) (2,081) Gross operating expenses (1,208) (48) (39) (10) (108) (21) (9) (1,443) Balance of reinsurance ceded 136 (3) (1) (1) (23) (3) (2) 103 (229) (18) (1) 1 (8) (1) 11 (245) Investment income 259 24 15 2 20 8 1 329 Fees and commissions 302 0 0 0 0 0 0 302 Investment charges (4) 0 1 0 0 1 0 (2) Balance of other items (50) 1 0 0 2 4 (1) (44) Investment income allocated to the non-technical account (14) (4) (2) (1) (2) (2) (1) (26) RESULT TECHNICAL ACCOUNT NON-LIFE 264 3 13 2 12 10 10 314 2001 Gross premiums 2,558 179 158 36 287 55 24 3,297 Gross premiums earned 2,019 178 158 36 282 55 23 2,751 Gross claims incurred (1,200) (149) (117) (25) (179) (33) (4) (1,707) Gross operating expenses (988) (45) (41) (9) (98) (22) (7) (1,210) Balance of reinsurance ceded (4) 1 2 (1) (11) 0 (4) (17) (173) (15) 2 1 (6) 0 8 (183) Investment income 277 27 19 3 22 10 1 359 Fees and commissions 142 0 0 0 0 0 0 142 Investment charges (6) 0 0 0 (1) 1 0 (6) Balance of other items (31) (1) (2) 0 (2) 0 0 (36) Investment income allocated to the non-technical account (15) (4) (1) (2) (5) 0 0 (27) RESULT TECHNICAL ACCOUNT NON-LIFE 194 7 18 2 8 11 9 249 AEGON GROUP ANNUAL REPORT 2003 111