ING Group Statistical Supplement 18 February Q

Transcription

1 ING Group Statistical Supplement 18 February Q

2 Introduction General comments The Group Statistical Supplement will be published on a quarterly basis. The US Statistical Supplement will continue to be published as a separate document The Group Statistical Supplement will be available as a PDF- and Excel version. Allocation keys are used to calculate segmental information; e.g. Life vs. Non-life, Retail vs. Wholesale banking and product information. These allocation keys might be refined over time. Internal Rate of Return and expense ratios (insurance), are based on Year to Date Realised gains/losses on equity securities in the insurance operations are allocated between the business units and the corporate line. The business lines will have allocated realised gains equal to 3% of their equity investments, and the remainder is allocated to the corporate line. Rounding could cause some small differences. ING reports its results on an underlying basis, which excludes special items and the impact of divestitures. In case of a divesture, historical numbers are restated for both the transaction gain/loss and the operating results. Details of restatements can be found in chapter 1.8. Mid-corporate clients in the domestic countries Netherlands, Belgium, Poland and Romania were transferred from Wholesale to Retail Banking. Details of the restatement can be found in chapter 1.9. Supplemental information in terms of financial data and countries included: Insurance information is broken down into Life and Non-Life insurance for both income statement and balance sheet information; [e.g. 2.2 and 2.3] Breakdown of underwriting expenditure for the Life and Non-life operations; [e.g and 2.3.1] Separate balance sheet for the Life and Non-Life operations Detailed breakdown of investment income to show realised gains and fair value changes on investments; [e.g and 2.3.1] Income statement for each country/regions; [e.g ] Condensed income statement for products within wholesale banking; [e.g ] ING Direct retail balances in local currencies Income statement for corporate lines Gross Life and Non-life reserves per country/region [e.g ] Breakdown of investments for Life and Non-life Insurance; [e.g ] Life and Non-Life Insurance result after tax Non-life premiums and profit by line of business; [e.g ] Breakdown shareholders equity Client Balances Rollforward; [2.4.6, 2.5.6, 2.6.8] 2 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

3 Disclaimer ING Group s Annual Accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union ( IFRS-EU ). In preparing the financial information in this Quarterly Report, the same accounting principles are applied as in the 2007 ING Group Annual Accounts. All figures in this Group Statistical Supplement are unaudited. This ING Group Statistical Supplement is for information purposes only, is not offered or intended to be used as if it were a full and complete financial statement and should be read in conjunction with the ING Group press release on quarterly figures, the ING Group Quarterly report, the ING Group Annual Report and the ING Group Annual Report on Form 20-F filed with the US Security and Exchange Commission. Small differences are possible in the tables due to rounding. Certain of the statements contained in this release are statements of future expectations and other forwardlooking statements. These expectations are based on management s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those in such statements due to, among other things, (i) general economic conditions, in particular economic conditions in ING s core markets, (ii) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) interest rate levels, (vii) currency exchange rates, (viii) general competitive factors, (ix) changes in laws and regulations, and (x) changes in the policies of governments and/or regulatory authorities. ING assumes no obligation to update any forward-looking information contained in this document. 3 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

4 Content 1 ING Group 2. Insurance 3. Banking 1.1 Income Statement Insurance Europe 3.1 Banking -Total- 1.2 Balance sheet Insurance Europe: Income Statement Income Statement Shareholders' equity Life Insurance The Benelux: Income Statement Balance sheet Cash flow statement Life Insurance Central and Rest Europe: Income Statement Cash flow Statement Capital ratios Non-Life Insurance The Benelux: Income Statement Additional information Assets under Management Non-Life Insurance Central and Rest of Europe: Fixed-income securities by rating class Gains/losses on divestments and special items 18 Income Statement 1.8 Insurance Mexico: Income Statement divestments Insurance Europe: Client Balances Rollforward Wholesale banking 1.9 Domestic Mid Corporates Segment: Income Statement Wholesale Banking: Income Statement Insurance Americas Wholesale Banking General Lending & PCM: 2. Insurance Insurance Americas: Income Statement 80 Income Statement Life insurance United States: Income Statement Wholesale Banking Structured Finance: Income Statement Insurance -Total Life insurance Latin America: Income Statement Wholesale Banking Leasing & Factoring: Income Statement Income Statement Non-life insurance Canada: Income Statement Wholesale Banking Financial Markets: Income Statement Balance sheet Non-life insurance Latin America: Income Statement Wholesale Banking Other products: Income Statement Cash flow statement Insurance Americas: Client Balances Rollforward Wholesale Banking excl. ING Real Estate: Profit Developing Markets 31 Income Statement Fixed-income securities by rating class Insurance Asia/Pacific Wholesale Banking ING Real Estate: Income Statement Investments Insurance Asia/Pacific: Income Statement Life insurance Australia & New Zealand: Income Statement Retail Banking 2.2 Life Insurance Life insurance Japan: Income Statement Retail Banking: Income Statement Life Insurance: Income Statement Life insurance South Korea: Income Statement Retail Banking The Netherlands: Income Statement Life Insurance: Balance sheet Life insurance Taiwan: Income Statement Retail Banking Belgium: Income Statement Life Insurance: New business information Life insurance Rest of Asia: Income Statement Retail Banking Central Europe: Income Statement Non-life insurance Rest of Asia: Income Statement Retail Banking Asia: Income Statement Non-Life Insurance Insurance Asia/Pacific: Client Balances Rollforward Retail Banking -of which Private Banking: Non-Life Insurance: Income Statement 54 Income Statement Non-Life Insurance: Balance sheet Insurance Corporate Line Insurance Corporate Line: Income Statement ING Direct Life insurance Corporate Line: Income Statement ING Direct: Income Statement Non-life insurance Corporate Line: Income Statement Additional information Banking Corporate Line Banking Corporate Line: Income Statement of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

5 1. ING Group

6 ING GROUP 1.1 ING Group: Income Statement (in mln) Change Gross premium income 9,703 10,380 10,802 12,265 11,802 11,107 11,042 11,094 43,150 45,045-4% Interest result banking operations 3,231 2,610 2,662 2,539 2,299 2,257 2,303 2,142 11,042 9,001 23% Commission income 1,216 1,261 1,244 1,239 1,179 1,224 1,221 1,210 4,960 4,834 3% Total investment and other income ,207 2,346 3,579 4,383 3,530 3,978 3,421 6,522 15,312-57% Total underlying income 13,539 15,458 17,055 19,623 19,664 18,117 18,545 17,866 65,675 74,192-11% Underwriting expenditure 13,003 11,831 10,648 13,427 12,586 11,714 11,338 11,511 48,909 47,149 4% Staff expenses 2,116 2,083 2,127 2,128 2,025 1,989 2,035 2,051 8,454 8,100 4% Other expenses 1,920 1,673 1,562 1,581 1,833 1,638 1,579 1,597 6,736 6,647 1% Operating expenses 4,036 3,757 3,689 3,709 3,858 3,627 3,614 3,648 15,191 14,747 3% Other interest expenses ,093-11% Addition to loan loss provisions / other impairments , Total underlying expenditure 17,916 16,221 14,808 17,515 16,708 15,720 15,274 15,411 66,460 63,113 5% Underlying result before tax -4, ,247 2,107 2,957 2,397 3,271 2, , % Taxation -1, , % Underlying result before minority interests -3, ,918 1,598 2,696 2,022 2,803 1, , % Minority interests % Underlying net result -3, ,941 1,574 2,644 1,950 2,727 1, , % Net gains/losses on divestments Net result from divested units Special items after tax Net result (attributable to shareholders of parent) -3, ,920 1,540 2,482 2,306 2,559 1, , % 6 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

7 ING GROUP 1.1 Income Statement: breakdown Insurance and Banking Q Total Total Life Non-Life Total (in mln) Group 1) Insurance Insurance Insurance Banking Gross premium income 9,703 9,703 8, Interest result banking operations 3,231 3,217 Commission income 1, Total investment and other income ,013 2, ,514 Total underlying income 13,539 12,213 11, ,421 Underwriting expenditure 13,003 13,003 12, Operating expenses 4,036 1,350 1, ,686 Other interest expenses Addition to loan loss provisions/other impairments Total underlying expenditure 17,916 14,749 13, ,262 Underlying result before tax -4,377-2,536-2, ,841 Taxation -1, Underlying result before minority interests -3,147-2,043-2, ,104 Minority interests Underlying net result -3,101-2,036-2, ,065 Net gains/losses on divestments Net result from divested units Special items after tax Net result (attributable to shareholders of parent) -3,711-2,527-2, ,184 1) Including inter-company eliminations 7 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

8 ING GROUP 1.1 Income Statement: breakdown Insurance and Banking Q Total Total Life Non-Life Total (in mln) Group 1) Insurance Insurance Insurance Banking Gross premium income 10,380 10,380 9,332 1,048 Interest result banking operations 2,610 2,643 Commission income 1, Total investment and other income 1,207 1,977 1, Total underlying income 15,458 12,914 11,782 1,133 2,625 Underwriting expenditure 11,831 11,831 11, Operating expenses 3,757 1,289 1, ,468 Other interest expenses Addition to loan loss provisions/other impairments Total underlying expenditure 16,221 13,461 12, ,841 Underlying result before tax Taxation Underlying result before minority interests Minority interests Underlying net result Net gains/losses on divestments Net result from divested units Special items after tax Net result (attributable to shareholders of parent) ) Including inter-company eliminations 8 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

9 ING GROUP 1.1 Income Statement: breakdown Insurance and Banking Q Total Total Life Non-Life Total (in mln) Group 1) Insurance Insurance Insurance Banking Gross premium income 11,802 11,802 10,771 1,031 Interest result banking operations 2,298 2,308 Commission income 1, Total investment and other income 4,385 3,749 3, Total underlying income 19,664 16,042 14,651 1,391 3,692 Underwriting expenditure 12,586 12,586 11, Operating expenses 3,857 1,348 1, ,509 Other interest expenses Addition to loan loss provisions/other impairments Total underlying expenditure 16,707 14,237 13,213 1,024 2,540 Underlying result before tax 2,957 1,805 1, ,151 Taxation Underlying result before minority interests 2,697 1,695 1, ,001 Minority interests Underlying net result 2,644 1,669 1, Net gains/losses on divestments Net result from divested units Special items after tax Net result (attributable to shareholders of parent) 2,482 1,605 1, ) Including inter-company eliminations 9 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

10 ING GROUP 1.2 Balance sheet 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March (in mln) Balance sheet Cash and balances with central banks 22,045 20,747 13,162 14,456 12,406 13,397 12,718 17,333 Amounts due from banks 48,447 68,575 69,834 52,796 48,875 51,470 56,675 55,693 Financial assets at fair value through P&L 280, , , , , , , ,786 Investments 258, , , , , , , ,487 Loans and advances to customers 619, , , , , , , ,535 Reinsurance contracts 5,797 5,966 5,684 5,582 5,874 6,119 6,399 6,481 Investments in associates 4,355 5,052 5,205 5,400 5,014 5,228 5,438 5,299 Investment property 4,300 4,694 4,567 4,631 4,829 5,129 5,003 5,014 Property and equipment 6,396 6,361 6,318 6,117 6,237 6,120 6,225 5,863 Intangible assets 6,915 7,549 6,086 5,838 5,740 4,019 3,505 3,378 Deferred acquisition costs 11,843 12,295 11,055 10,968 10,692 10,652 10,675 10,306 Other assets 62,977 47,106 42,057 38,857 40,099 37,650 37,222 31,030 Total assets 1,331,663 1,375,814 1,369,946 1,303,203 1,312,510 1,306,013 1,319,432 1,282,205 Share capital Share premium 9,182 9,182 9,182 9,187 8,745 8,740 8,698 8,355 Revaluation reserve equities 973 1,424 2,745 3,673 5,829 8,121 6,597 6,643 Revaluation reserve fixed income & other -9,475-8,343-5,890-3, ,037 Currency translation reserve -1,918-1,295-2,524-2,368-1,354-1, Treasury shares ,251-1,446-5,138-3,740-2,980-2,111-1,633 Other reserves 18,943 23,507 25,494 29,527 28,090 25,730 24,852 23,849 Total other reserves 18,077 22,256 24,048 24,389 24,350 22,750 22,741 22,216 Shareholders' equity (parent) 17,334 23,723 28,060 31,584 37,208 38,859 38,166 40,117 Minority interests 1,594 1,911 1,905 2,001 2,323 2,176 2,110 1,938 Non-voting equity securities ("Core tier-1 securities") 10,000 Total equity 28,928 25,634 29,965 33,584 39,531 41,035 40,276 42,055 Preference shares Subordinated loans 10,281 10,178 9,635 6,978 7,325 6,502 6,673 5,976 Debt securities in issue 96,488 99,978 94,023 81,403 66,995 72,058 85,983 82,277 Other borrowed funds 31,198 26,426 26,099 25,252 27,058 26,325 26,541 28,926 Insurance and investment contracts 240, , , , , , , ,217 Amounts due to banks 152, , , , , , , ,285 Customer deposits and other funds on deposits 522, , , , , , , ,796 Financial liabilities at fair value through P&L 188, , , , , , , ,697 Other liabilities 60,532 45,738 41,598 41,529 43,859 44,239 41,980 39,761 Total liabilities 1,302,735 1,350,179 1,339,982 1,269,619 1,272,979 1,264,978 1,279,157 1,240,150 Total equity and liabilities 1,331,663 1,375,814 1,369,946 1,303,203 1,312,510 1,306,013 1,319,432 1,282, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

11 ING GROUP 1.2 Balance sheet ING Group ING Verzekeringen NV Life Insurance Non-life insurance Elim. Life/Non-life ING Bank NV Holdings/elim. Bank/Ins. (in mln) 31 Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 07 Balance sheet Cash and balances with central banks 22,045 12,406 14,440 3,115 13,898 2, ,169 9,829-10, Amounts due from banks 48,447 48,875 48,447 48,875 Non-trading derivatives 16,484 7,637 6,344 1,232 6,357 1, ,631 6, Financial assets at fair value through P&L 264, ,494 99, ,640 98, ,253 1,075 1, , , ,508 Investments 258, , , , , ,964 6,134 9, , ,384-1 Loans and advances to customers 619, ,964 25,635 27,529 25,394 26, , ,323-4, Reinsurance contracts 5,797 5,874 5,797 5,874 5,583 5, Investments in associates 4,355 5,014 2,723 3,190 2,626 3, ,813 2, Real estate investments 4,300 4,829 1,118 1,302 1,118 1,302 2,884 3, Property and equipment 6,396 6, ,686 5,330 Intangible assets 6,915 5,740 4,731 3,942 4,579 3, ,415 1, Deferred acquisition costs 11,843 10,692 11,843 10,692 11,578 10, Other assets 62,977 40,099 29,700 12,395 28,986 10,698 1,986 2,561-1, ,120 27, Total assets 1,331,663 1,312, , , , ,549 11,040 15,456-1, ,034, ,113-15,247-3,686 Shareholders' equity (parent) 17,334 37,208 11,892 17,911 10,161 14,685 1,731 3, ,889 25,511-17,447-6,214 Minority interests 1,594 2, ,232 1, Non-voting securities ("Core tier-1 securities") 10,000 10,000 Total equity 28,928 39,531 12,413 18,801 10,235 14,933 2,177 3, ,121 27,195-7,606-6,465 Preference shares Subordinated loans 10,281 7,325 6,928 4,493 6,928 4,493 21,657 18,786-18,304-15,954 Debt securities in issue 96,488 66,995 4,728 4,636 4,728 4,636 84,272 55,990 7,488 6,370 Other borrowed funds 31,198 27,058 13,153 11,355 13,367 11, ,045 15,703 Insurance and investment contracts 240, , , , , ,353 7,311 9,362-3 Amounts due to banks 152, , , ,972 Customer deposits and other funds on deposit 522, , , ,197-14,900-2,981 Financial liabilities at fair value through P&L 188, ,821 5,217 1,805 5,231 1, , , Other liabilities 60,532 43,859 28,991 15,281 28,775 14,082 1,534 2,025-1, ,021 28, Total liabilities 1,302,735 1,272, , , , ,616 8,863 11,616-1, ,010, ,918-7,641 2,779 Total equity and liabilities 1,331,663 1,312, , , , ,549 11,040 15,456-1, ,034, ,113-15,247-3, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

12 ING GROUP 1.3 Shareholders' equity Total equity ING Group ING Verzekeringen NV ING Bank NV Holdings/eliminations (in mln) 31 Dec Dec Dec Dec Dec Dec Dec Dec 07 Share capital Share premium 9,182 8,739 9,824 4,374 16,392 8,723-17,034-4,358 Revaluation reserve equity securities 973 5, ,466 1,020 2, Revaluation reserve debt securities -13,456-1,937-8, ,185-1,097 Revaluation reserve crediting to life policyholders 2, , Revaluation reserve cashflow hedge 1, , Ohter revaluation reserve Currency translation reserve -1,918-1,354-1,192-1, Treasury shares , ,740 Other reserves 18,943 28,090 7,731 11,615 10,306 14, ,129 Total other reserves 18,077 24,352 7,731 11,615 10,306 14, ,609 Shareholders' equity (parent) 17,334 37,208 11,892 17,911 22,889 25,511-17,447-6,214 Minority interests 1,594 2, ,232 1, Non-voting equity securities ("Core tier-1 securities") 10,000 10,000 Total equity 28,928 39,531 12,413 18,801 24,121 27,195-7,606-6,466 Key figures Return on equity -2.1% 24.2% -6.9% 26.3% 1.8% 16.7% Equity as per ROE calculation 34,164 38,476 17,203 21,311 24,630 21,849 Shareholders' equity per share in Changes in shareholders' equity (parent) ING Group ING Verzekeringen NV ING Bank NV Holdings/eliminations (in mln) Q FY 2008 Q FY 2008 Q FY 2008 Q FY 2008 Shareholders' equity beginning of period 23,723 37,208 12,292 17,911 19,024 25,511-7,593-6,214 Net result for the period -3, ,525-1, Unrealised revaluations of equity securities -1,388-5,639-1,450-4, , Unrealised revaluations of debt securities -3,229-13,332-2,685-7, ,437 Deferred interest crediting to life policyholders 378 2, ,193 Realised gains/losses on equity securities released to P&L Realised gains/losses on debt securities released to P&L 1,215 1, ,099 1,349 Change in cashflow hedge reserve ,090 1, Other revaluations Change in treasury shares: - due to the share buyback programme and hedge portfolio employee option -64-2, ,030 - due to the cancellation of shares 449 4, ,904 Change in other reserves/share capital due to cancellation of shares , ,904 Exchange rate differences Cash dividend/coupon on the core tier-1 securities ,600-2,800-4, ,450 Employee stock option & share plans Exercises of warrants and options/capital injections 448 4,050 5,450 5,000 7,200-9,050-12,202 Other Total changes -6,389-19, ,019 3,865-2,622-9,854-11,233 Shareholders' equity (parent) end of period 17,334 17,334 11,892 11,892 22,889 22,889-17,447-17, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

13 ING GROUP 1.4 Cash flow statement Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 (in mln) Net cash flow from operating activities 10,681 13,601-6,667-4,367-10,954 22,533 8,512-8,383 Investments and advances: Group companies , Associates Available-for-sale investments -50,604-47,910-61,091-68,686-73,743-65,720-69,721-74,822 Held-to-maturity investments Real estate investments Property and equipment Assets subject to operating leases Investments for risk of policyholders -8,648 17,744-37,087-10,544-13,669-15,316-13,091-12,362 Other investments Disposals and redemptions: Group companies Associates Available-for-sale investments 47,997 48,045 59,602 69,895 73,957 64,486 62,226 80,529 Held-to-maturity investments Real estate investments Property and equipment Assets subject to operating leases Investments for risk policyholders 8,147-18,988 34,921 8,971 10,986 12,706 11,710 11,734 Other investments Net cash flow from investing activities -3,658-1,566-3, ,612-3,385-9,803 4,867 Proceeds from issuance of subordinated loans 10 2,711 1, Repayments of subordinated loans Proceeds from borrowed funds and debt securities 103,877 92,746 95,809 99, , ,616 75,080 90,475 Repayments from borrowed funds and debt securities -99,515-88,171-82,479-83, , ,706-75,245-86,833 Issuance of ordinary shares/capital injection Issuance of non-voting securities 10,000 Payments to acquire treasury shares ,593-1, Sales of treasury shares Dividends paid ,444-1, ,422-1,592-8 Net cash flow from financing activities 13,847 3,282 13,590 14, ,343-1,158 3,405 Net cash flow 20,870 15,317 3,068 9,291-17,301 4,805-2, Cash and cash equivalents at the beginning of period 11,041-4,353-7,180-16, ,215-1,832-1,795 Effect of exchange rate changes on cash and equivalents Cash and cash equivalents at end of period 31,272 11,042-4,353-7,180-16, ,215-1,832 - of which Treasury bills and other eligible bills 7,009 5,561 6,088 4,261 4,130 6,437 6,898 6,445 - of which Amounts due to/from banks 2,217-15,266-23,603-25,897-33,859-19,186-23,831-25,610 - of which Cash and balances with central banks 22,045 20,747 13,162 14,456 12,918 13,397 12,718 17, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

14 ING GROUP 1.4 Cash flow statement ING Group ING Verzekeringen NV ING Bank NV Holdings/eliminations (in mln) Q FY 2008 Q FY 2008 Q FY 2008 Q FY 2008 Net cash flow from operating activities 10,681 13,865 7,165 13,746 13,392 12,255-9,876-12,136 Investments and advances: Group companies , , Associates , Available-for-sale investments -50, ,291-24, ,255-26,525-95,036 Held-to-maturity investments Real estate investments Property and equipment Assets subject to operating leases , ,401 Investments for risk of policyholders -8,648-38,535-8,648-38,535 Other investments , , ,525 Disposals and redemptions: Group companies 202 1, , Associates Available-for-sale investments 47, ,539 20, ,563 27,331 94,976 Held-to-maturity investments 499 1, ,640 Real estate investments Property and equipment Assets subject to operating leases Investments for risk of policyholders 8,147 33,051 8,147 33,051 Other investments Net cash flow from investing activities -3,658-10,620-4,289-8,651 1,099-4, ,132 Proceeds from issuance of subordinated loans 2,721 2, , ,870 Repayments of subordinated loans , ,330 Proceeds from borrowed funds and debt securities 103, ,601 7, ,943 95, ,942 1,543 2,716 Repayments from borrowed funds and debt securities -99, ,701-3,524-99,342-94, ,055-1, Issuance of ordinary shares 448 4,050 5,450 5,000 7,200-9,050-12,202 Issuance of non-voting securities 10,000 10,000 10,000 10,000 Payments of treasury shares , ,365 Sale of treasury shares Dividends paid , ,842-4, ,460 Net cash flow from financing activities 13,847 45,301 7,033 6,275 6,219 39, Net cash flow 20,870 48,546 9,908 1,137 20,710 47,202-9,749-10,026 Cash and cash equivalents at the beginning of period 11,041-16,811 4,662 3,115 7,194-19, Effect of exchange rate changes on cash and equivalents Cash and cash equivalents at end of period 31,272 31,272 14,440 14,440 27,396 27,395-10,564-10,563 - of which Treasury bills and other eligible bills 7,009 7,009 7,009 7,009 - of which Amounts due to/from banks 2,217 2,217 2,217 2,217 - of which Cash and balances with central banks 22,045 22,045 14,440 14,440 18,169 18,169-10,564-10, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

15 ING GROUP 1.5 Capital ratios Composition of ING's capital base ING Group Insurance Banking (in mln) 31 Dec Dec Dec Dec Dec Dec 07 Shareholders' equity 17,334 37,208 11,892 17,911 22,889 25,511 Core tier-1 securities 10,000 Group hybrid capital 11,655 8,620 4,560 2,202 7,085 6,397 Group Leverage / core debt 7,330 4,728 Total capitalisation 46,319 50,556 16,453 20,113 19,974 31,909 Revaluation reserves fixed income securities & other 6, , , Revaluation reserves excluded from Tier-1-1,790-2,952 Insurance hybrid capital 2,250 2,250 Minorities ,198 1,668 Deductions Tier-1 (as of 2007) -1, Available regulatory capital 22,010 22,965 32,019 29,772 Other qualifying capital 11,870 11,792 DAC/Vif adjustment (50%) 2,780 4,071 Group leverage (core debt) -7,330-4,728 Adjusted equity 45,597 44,865 24,789 27,036 43,889 41,564 Key capital ratios Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 (in mln) ING Group Core debt 7,330 6,882 4,553 4,521 4,728 4,688 4,788 4,162 Adjusted equity 45,597 40,978 43,215 41,867 44,865 46,591 46,594 44,851 D/E ratio 13.85% 14.38% 9.53% 9.75% 9.53% 9.14% 9.32% 8.49% ING Insurance Core debt 2,302 2,253 2,779 3,798 4,267 4,507 3,809 5,396 Adjusted equity 24,789 25,744 27,285 27,090 27,036 29,118 30,731 29,362 D/E ratio 8.50% 8.05% 9.24% 12.30% 13.63% 13.40% 11.03% 15.52% Total regulatory capital (a) 22,010 22,157 23,332 23,238 22,965 25,628 27,351 26, % solvency surplus (b) 8,582 8,523 8,313 9,151 9,405 9,142 9,203 9,379 External capital coverage ratio (a/b) 256% 260% 281% 254% 244% 280% 297% 277% ING Bank Core Tier-1 24,934 21,501 20,025 20,346 23,374 21,349 20,506 19,862 Hybrid Tier-1 7,085 6,554 6,279 5,201 6,397 6,224 6,397 5,688 Tier-1 capital 32,019 28,056 26,303 25,547 29,772 27,573 26,903 25,551 Other capital 11,870 12,409 11,942 10,027 11,792 12,544 12,390 11,146 BIS Capital 43,889 40,465 38,245 35,575 41,564 40,118 39,294 36,696 Risk Weighted Assets (RWA)1 ) 343, , , , , , , ,722 Tier-1 ratio 9.32% 8.51% 8.15% 8.27% 7.39% 7.39% 7.55% 7.66% BIS ratio 12.78% 12.28% 11.86% 11.52% 10.32% 10.75% 11.02% 11.00% Note: Risk weighted-assets 2008 based on Basel II, up to 2007 based on Basel I 15 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

16 ING GROUP 1.6 Assets under Management Assets under Management distributed per Business line (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March For insurance policyholders For institutional clients For retail clients For private banking clients Total third party AUM Proprietary assets Total Assets under Management (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Insurance Europe Insurance Americas Insurance Asia/Pacific Wholesale Banking Retail Banking ING Direct Total Assets under Management Asset under Management movement (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Begin of period Net Inflow Markets Reclassification and aquisitions FX-impact End of period Assets under Management by manager -Total- (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Investment Management Europe Investment Management Americas Investment Management Asia/Pacific ING Investment Management ING Real Estate Private banking Other Assets managed internally Funds managed externally Total Assets under Management Assets under Management by manager -Third party assets (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Investment Management Europe Investment Management Americas Investment Management Asia/Pacific ING Investment Management ING Real Estate Private banking Other Assets managed internally Funds managed externally Total Assets under Management of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

17 ING GROUP 1.6 Assets under Management Assets under Management by manager -Proprietary (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Investment Management Europe Investment Management Americas Investment Management Asia/Pacific ING Investment Management ING Real Estate Private banking Other Assets managed internally Funds managed externally Total Assets under Management Third party assets managed internally by asset class (in bln) 31 Dec 30 Sept 30 June 31 March 31 Dec 30 Sept 30 June 31 March Equity Fixed-income Real Estate Cash Total Net inflow distributed per Business line (in bln) 4Q 3Q 2Q 1Q Q4 Q3 Q2 Q Insurance Europe Insurance Americas Insurance Asia/Pacific Wholesale Banking Retail Banking ING Direct Total net inflow Net inflow by manager -Total- (in bln) 4Q 3Q 2Q 1Q Q4 Q3 Q2 Q Investment Management Europe Investment Management Americas Investment Management Asia/Pacific ING Investment Management ING Real Estate Private banking Other Assets managed internally Funds managed externally Total net inflow of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

18 ING GROUP 1.7 Gains/losses on divestments and special items (before tax) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 (in mln) Sale Belgian broker business 418 Insurance Europe 418 Sale Mexico insurance 182 IPO Brasil 93 Sale Chile Health Insurance Americas sale Taiwan -214 Insurance Asia/Pacific -214 Sale NRG Corporate line insurance Wholesale Banking Sale RegioBank 32 Retail Banking 32 Net gains/losses on divestments Insurance Europe Insurance Americas Insurance Asia/Pacific -115 Net result from divested units Insurance Americas Wholesale Banking Retail Banking ING Direct -30 Corporate line banking Special items of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

19 ING GROUP 1.7 Gains/losses on divestments and special items (after tax) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 (in mln) Sale Belgian broker business 418 Insurance Europe 418 Sale Mexico insurance 182 IPO Brasil 93 Sale Chile Health Insurance Americas Sale Taiwan -214 Insurance Asia/Pacific -214 Sale NRG Corporate line insurance Wholesale banking Sale RegioBank 26 Retail banking 26 Gains/losses on divestments before tax Insurance Europe Insurance Americas Insurance Asia/Pacific -77 Result before tax from divested units Insurance Americas Wholesale Banking Retail Banking ING Direct -65 Corporate line banking Special items of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

20 ING GROUP 1.8 Income Statement - Restatement historical numbers for divestitures (Mexico Life) (in mln) change Gross premium income Commission income Direct investment income Realised gains and fair value changes on investments Total investment and other income Total underlying income Reinsurance and retrocession premiums Net benefits Life insurance for risk company Changes in Life insurance provisions for risk company Result sharing and rebates Change in deferred acquisition costs Other underwriting expenditure Underwriting expenditure Operating expenses Other interest expenses Other impairments Total underlying expenditure Underlying result before tax Taxation Minority interests Underlying net result Net gains/losses on divestments Net result from divested units Special items after tax Net result Breakdown investment and other income Income from debt securities and loans Dividend income Rental income Other Direct investment income Realised gains/losses and impairments on debt securities Realised gains/losses and impairments on equity securities Realised gains/losses and fair value changes on private equity Changes in fair value real estate investments Changes in fair value non-trading derivatives Realised gains/losses and fair value changes on investments Total investment and other income of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

21 ING GROUP 1.8 Income Statement - Restatement historical numbers for divestitures (Mexico Non-Life) (in mln) change Gross premium income ,149 Commission income % Direct investment income Realised gains and fair value changes on investments Total investment and other income Total underlying income ,227 Reinsurance and retrocession premiums Changes in provision for unearned premiums Net claims non-life Changes in claims provision Total claims incurred result sharing and rebates Change in deferred acquisition costs Other underwriting expenditure Underwriting expenditure ,056 Operating expenses Other interest expenses Other impairments Total underlying expenditure ,266 Underlying result before tax Taxation Minority interests Underlying net result Net gains/losses on divestments Net result from divested units Special items after tax Net result Breakdown investment and other income Income from debt securities and loans Dividend income Rental income Other Direct investment income Realised gains/losses and impairments on debt securities Realised gains/losses and impairments on equity securities Realised gains/losses and fair value changes on private equity Changes in fair value real estate investments Changes in fair value non-trading derivatives Realised gains/losses and fair value changes on investments Total investment and other income Underlying result before tax by line of business Fire Marine & Aviation Motor Health Income/Accident Misc Indirect business Total Gross premiums by line of business Fire Marine & Aviation Motor Health Income/Accident Misc Indirect business Total , of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

22 ING GROUP 1.9 Domestic Mid Corps Segment: Income Statement (transferred from Wholesale to Retail Banking) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 (in mln) Balance sheet related interest Capital charge on book equity Interest benefit on economic capital Interest result Commission income Investment income Realised gains and fair value changes on investments Investment income Valuation results non-trading derivatives Net trading income Other income Other income Total underlying income Operating expenses Gross result Additions to the provision for loan losses Underlying result before tax Taxation Minority interests Underlying net result Net gains/losses on divestments Net result from divested units Special items after tax 34 Net profit Key figures Underlying cost/income ratio 65.7% 60.0% 68.0% 68.4% Risk cost in bp of average credit-risk-weighted assets Total risk weighted assets (end of period) 32,774 31,327 32,180 29,392 Underlying RAROC before tax 32.3% 46.0% 26.7% 26.9% Underlying RAROC after tax 25.3% 33.4% 22.8% 19.4% Economic Capital (average over period) Staff (FTEs end of period) 5,042 5,083 5,103 5, of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

23 2.1 Insurance -Total-

24 2.1.1 Income Statement (in mln) change Gross premium income 9,703 10,380 10,802 12,265 11,802 11,107 11,042 11,093 43,151 45,044-4% Commission income ,064 1,907 8% Direct investment income 2,225 2,436 2,230 2,385 2,702 2,574 2,738 2,421 9,276 10,435-11% Realised gains and fair value changes on investments , ,418 Total investment and other income 2,013 1,977 2,058 2,971 3,749 3,091 3,401 2,612 9,020 12,853-30% Total underlying income 12,213 12,914 13,351 15,756 16,042 14,668 14,923 14,172 54,235 59,805-9% Underwriting expenditure 13,003 11,831 10,648 13,427 12,586 11,714 11,343 11,511 48,910 47,154 4% Staff expenses ,783 2,758 1% Other expenses ,405 2,462-2% Operating expenses 1,350 1,289 1,258 1,292 1,348 1,305 1,292 1,275 5,188 5,220-1% Other interest expenses ,269 1,317-4% Other impairments Total underlying expenditure 14,749 13,461 12,206 15,055 14,237 13,374 12,981 13,101 55,471 53,692 3% Underlying result before tax -2, , ,805 1,294 1,942 1,071-1,235 6,113 Taxation Minority interests % Underlying net result -2, , ,669 1,089 1, ,226 Net gains/losses on divestments % Net result from divested units Special items after tax Net result -2, , ,605 1,502 1, ,183 5,603 Key figures Value of new life business ,023 1,113-8% Internal rate of return (YTD) 13.9% 15.0% 15.2% 15.3% 14.3% 13.4% 12.8% 12.2% 13.9% 14.3% Single premiums 5,341 6,575 7,206 7,038 8,221 8,992 7,749 6,311 26,160 31,273-16% Annual premiums ,167 1,196 1, ,046 3,953 4,193-6% New sales (APE) 1,419 1,627 1,651 1,871 2,018 1,940 1,685 1,677 6,568 7,320-10% Investment in new business ,779 2,093-15% Assets under Management (in bln) % Expenses as % of AuM (YTD) 0.86% 0.79% 0.77% 0.76% 0.76% 0.73% 0.73% 0.76% 0.86% 0.76% Expenses as % of gross premiums (YTD) 14.0% 13.4% 13.4% 13.3% 14.3% 14.7% 14.0% 13.9% 14.0% 14.3% Expense ratio (YTD) 32.2% 29.8% 27.2% 27.0% 31.8% 30.8% 29.8% 27.9% 32.2% 31.8% Claims ratio (YTD) 64.3% 63.6% 65.6% 66.9% 65.2% 65.7% 66.1% 68.6% 64.3% 65.2% Combined ratio (YTD) 96.5% 93.3% 92.8% 94.0% 97.1% 96.5% 95.9% 96.5% 96.5% 97.1% Insurance and Investment contracts (gross life reserves) 233, , , , , , , , , ,353-9% Insurance and Investment contracts (gross non-life reserves) 7,311 7,983 8,917 9,063 9,345 9,667 10,537 9,623 7,311 9,345-22% Tax ratio 19.5% 12.2% 7.0% 15.2% 6.1% 12.9% 13.6% 17.7% 30.2% 12.0% Staff (FTEs end of period) 49,551 55,486 57,594 56,743 58,451 57,550 54,330 53,825 49,551 58,451-15% 24 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

25 2.1.1 Income Statement (in mln) change Breakdown investment and other income Income from debt securities and loans 2,097 2,142 2,299 1,683 1,716 1,810 1,744 1,639 8,221 6,908 19% Dividend income % Rental income % Other ,713-88% Direct investment income 2,225 2,436 2,230 2,385 2,702 2,574 2,738 2,421 9,276 10,435-11% Realised gains/losses and impairments on debt securities Realised gains/losses and impairments on equity securities , ,877 Realised gains/losses and fair value changes on private equity Changes in fair value real estate investments Changes in fair value non-trading derivatives 1, , Realised gains/losses and fair value changes on investments , ,418 Total investment and other income 2,013 1,977 2,058 2,971 3,749 3,091 3,401 2,612 9,020 12,853-30% 25 of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited

26 2.1.1 Income Statement: break down by line of business Q Total Life Insurance Insurance Insurance Insurance Non-Life Insurance Insurance Insurance Insurance (in mln) Insurance Insurance Europe Americas Asia/Pacific Corp. Line Insurance Europe Americas Asia/Pacific Corp. Line Gross premium income 9,703 8,795 2,185 4,713 1, Commission income Direct investment income 2,225 2, , Realised gains and fair value changes on investments , Total investment and other income 2,013 2, ,335-1, Total underlying income 12,213 11,307 3,161 5,881 3,289-1, Underwriting expenditure 13,003 12,337 2,892 6,437 3, Operating expenses 1,350 1, Other interest expenses Other impairments Total underlying expenditure 14,749 13,830 3,395 6,965 3, Underlying result before tax -2,536-2, , Taxation Minority interests Underlying net result -2,036-2, Net gains/losses on divestments Net result from divested units Special items after tax Net result -2,527-2, , of ING Group Statistical Supplement 4Q 2008, 18 February 2009 Unaudited