Business overview  Results of operations – Americas 26 Annual Report 2013 Weighted average rate Closing rate as of Exchange rates Per 1 EUR 2013 2012 December  31, 2013 December  31, 2012 USD 1.3272 1.2849 1.3780 1.3184 CAD 1.3674 1.2839 1.4641 1.3127 Amounts in USD millions Amounts in EUR millions Gross deposits (on and off balance) 2013 2012 % 2013 2012 % Life & Protection 11 12 (8%) 8 9 (11%) Fixed annuities 552 371 49% 416 289 44% Variable annuities 8,496 5,350 59% 6,402 4,163 54% Retail mutual funds 4,301 3,437 25% 3,241 2,675 21% Individual Savings & Retirement 13,349 9,158 46% 10,058 7,127 41% Employer Solutions & Pensions 24,222 25,383 (5%) 18,251 19,755 (8%) Canada 125 177 (29%) 94 138 (32%) Latin America 18 17 6% 14 13 8% Total gross deposits 37,725 34,747 9% 28,424 27,042 5% Amounts in USD millions Amounts in EUR millions 2013 2012 % 2013 2012 % New premium production accident and health  insurance 902 905 0% 680 705 (4%)