Exhibit 7

RATIO OF EARNINGS TO FIXED CHARGES

	Years ended December 31,
	2009		2008		2007	2006	2005
	(in million EUR, except ratios)
Earnings:
Income before taxes	(464	)	(1,061	)	3,077	3,971	2,796
Add: fixed charges	2,632		2,688		3,334	3,395	3,279
(A)	2,168		1,627		6,411	7,366	6,075
Fixed charges:
Interest	412		526		474	362	373
Interest on fixed annuities, investment contracts and savings accounts	2,220		2,162		2,860	3,033	2,906
	2,632		2,688		3,334	3,395	3,279
Dividend on preferred shares	90		122		112	85	80
Coupons on perpetual capital securities	244		254		235	204	192
(B)	2,966		3,064		3,681	3,684	3,551
Ratio: (A)/(B)	0.7		0.5		1.7	2.0	1.7
Ratio excluding interest on fixed annuities, investment contracts and savings accounts:	(0.1	)	(0.6	)	4.3	6.7	4.9

356