in EUR million 2004 2005
By product segment
Traditional Life 566 823
Life for account of policyholders 304 243
Fixed annuities 284 425
Variable annuities 177 130
Institutional guaranteed products 367 280
Fee - off balance sheet products 36 33
Reinsurance (88) 105
Accident and health insurance 325 324
General insurance 104 55
Banking activities 24 15
Other 0 (6)
Interest charges and other (327) (280)
Operating earnings before tax 1,772 2,147
Gains/(losses) on investments 1,203 1,157
Impairment charges (183) 14
Other non operating income/(charges) (22) 277
Share in profit/(loss) of associates 25 20
Income before tax 2,795 3,615
 
Income before tax geographically
Americas 1,698 2,181
The Netherlands 1,097 1,286
United Kingdom 220 272
Other countries 135 248
Holding and other activities (356) (352)
Eliminations 1 (20)
Income before tax 2,795 3,615