SELECTED CONSOLIDATED FINANCIAL AND OPERATING DATA (in millions, except per share and operating data) YEARS ENDING DECEMBER 31, 200 3 2002 2001 2000 1999 Income Statement Data Revenues: Net premiums $2,643.2 $1,980.7 $1,661.8 $1,404.1 $1,315.6 Investment income, net of related expenses 465.6 374.5 340.6 326.5 340.3 Realized investment gains (losses), net 5.3 (14.6) (68.4) (28.7) (75.3) Change in value of embedded derivatives (net of amounts allocable to deferred acquisition  costs of $30.7 in 2003) 12.9 – – – – Other revenues 47.3 41.4 34.3 23.8 26.5 Total revenues 3,174.3 2,382.0 1,968.3 1,725.7 1,607.1 Benefits and expenses: Claims and other policy benefits 2,108.4 1,539.5 1,376.8 1,103.6 1,067.1 Interest credited 179.7 126.7 111.7 104.8 153.1 Policy acquisition costs and other insurance expenses (excluding $30.7 allocated to embedded derivatives  in 2003) 458.2 391.5 304.2 243.5 218.3 Other operating expenses 119.6 94.8 91.3 81.2 65.5 Interest expense 36.8 35.5 18.1 17.6 11.0 Total benefits and expenses 2,902.7 2,188.0 1,902.1 1,550.7 1,515.0 Income from continuing operations before income taxes 271.6 194.0 66.2 175.0 92.1 Provision for income taxes 93.3 65.5 26.3 69.2 39.1 Income from continuing operations 178.3 128.5 39.9 105.8 53.0 Discontinued operations: Loss from discontinued accident and health operations, net of income taxes (5.7) (5.7) (6.9) (28.1) (12.1) Cumulative effect of change in accounting principle, net of income taxes 0.5 – – – – Net income $1 7 3 .1 $ 122.8 $ 33.0 $ 77.7 $ 40.9 NET PREMIUMS (in millions) INCOME FROM CONTINUING  OPERATIONS (in millions) 17 THIS IS RGA. 2003 ANNUAL REPORT $2,643.2 $1,980.7 $1,661.8 $1,404.1 $1,315.6 99 00 01 02 03 99 00 01 02 03 $53.0 $105.8 $39.9 $128.5 $178.3