NOTES TO CONSOLIDATED FINANCIAL STATEMENTS RGA Reinsurance also has a product license and service agreement with MetLife. Under this agreement, RGA has licensed the use  of its electronic underwriting product to MetLife and provides Internet hosting services, installation and modification services  for the product. Payments under the agreement for the years ended December 31, 2003 and 2002 were approximately $3.2 million  and $0.4 million, respectively. The Company also has direct policies and reinsurance agreements with MetLife and certain of its subsidiaries. As of December 31, 2003, the Company had reinsurance related assets and liabilities from these agreements totaling $175.0 million and $169.6 million, respectively. Prior-year comparable assets and liabilities were $156.6 million and $190.1 million, respectively. Additionally, the Company reflected net premiums of approximately $157.9 million, $172.8 million, and $149.3 million in 2003, 2002, and 2001, respectively. The premiums reflect the net of business assumed from and ceded to MetLife and its subsidiaries. The pre-tax gain on this business was approximately $19.4 million, $23.3 million, and $26.1 million in 2003, 2002, and 2001, respectively.  The Company leases office space and furniture and equipment under non-cancelable operating lease agreements, which expire  at various dates. Future minimum office space annual rentals  under non-cancelable operating leases at December 31, 2003 are as follows: The amounts above are net of expected sublease income of approxi- mately $0.3 million annually through 2010. Rent expenses amounted to approximately $6.8 million, $6.0 million, and $5.3 million for the years ended December 31, 2003, 2002, and 2001, respectively.  The following table presents selected statutory financial information for the Company’s primary life reinsurance legal entities, as of December 31, 2003 and 2002 (in thousands): The total capital and surplus positions of RCM, RGA Reinsurance and RGA Canada exceed the risk based capital requirements of  the applicable regulatory bodies. RCM and RGA Reinsurance are subject to statutory provisions that restrict the payment of dividends. They may not pay dividends in any 12-month period in excess of the greater of the prior year’s statutory operating income or 10%  of capital and surplus at the preceding year-end, without regulatory approval. The applicable statutory provisions only permit an insurer to pay a shareholder dividend from unassigned surplus. Any dividends paid by RGA Reinsurance would be paid to RCM, its parent company, which in turn has restrictions related to its ability to pay dividends to RGA. The assets of RCM consist primarily of its investment  in RGA Reinsurance. As of January 1, 2004, RCM and RGA Reinsurance could pay maximum dividends, without prior approval, 70 THIS IS RGA. 2003 ANNUAL REPORT Statutory Statutory C apit al & Surplus Net Income (Loss) 200 3 2002 2003 2002 2001 RCM $839,731 $639,809 $3 , 883 $1 ,922 $ 4,025  RGA Reinsurance 828,922 633,557 (73,285) 13,640 (84,633) RGA Canada 245,911 186,726 18,231 177 12,285 RGA Barbados  121,705 101,077 19,380 17,481 22,986 RGA Americas  162,128 79,635 43,796 14,611 800 Other reinsurance subsidiaries 103,867 68,397 (16,805) 557 1,221  equal to their unassigned surplus, approximately $12.8 million and $56.1 million, respectively. The maximum amount available for  dividends by RGA Canada to RGA under the Canadian Minimum Continuing Capital and Surplus Requirements (“MCCSR”) is  $58.9 million. RGA Americas and RGA Barbados do not have material restrictions on their ability to pay dividends out of retained earnings. Dividend payments from other subsidiaries are subject  to regulations in the country of domicile.  2004 $5.4 million 2005 4.8 million 2006 4.6 million 2007 4.5 million 2008 4.2 million Thereafter 5.9 million NOTE 13 FINANCIAL CONDITION AND NET INCOME ON A STATUTORY BASIS—SIGNIFICANT SUBSIDIARIES  NOTE 12 LEASE COMMITMENTS 