Aviva 2002 Annual Report Download - page 75

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6 – Premiums written and sales of investment products continued
(v) General insurance business premium income by geographical origin – discontinued operations
Premiums before reinsurance Premiums after reinsurance
2002 2001 2002 2001
£m £m £m £m
Australia and New Zealand 783 665 692 583
United States –1,187 –1,103
Total discontinued operations 783 1,852 692 1,686
(vi) Premium income by destination does not differ materially from premium income by geographical origin, as most risks are located in
the countries where the policies were written.
(b) The analysis of general insurance business premiums written before reinsurance is:
2002 2001
£m £m
Property 2,870 2,854
Motor 3,710 3,930
Liability 635 538
Creditor 688 700
Other 962 870
General business premiums excluding health – continuing operations 8,865 8,892
Discontinued operations 783 1,852
General business premiums excluding health 9,648 10,744
Health 931 842
Total general business premiums 10,579 11,586
7 – Analysis of investment return
(a) The total investment return before tax comprises:
Long-term business Non-long-term business
Restated
2002 2001 2002 2001
£m £m £m £m
Share of result of joint ventures (20b) 29 –––
Share of result of associated undertakings 27 10 16 4
Amortisation of goodwill on associated undertakings (21c) (13) (13) ––
14 (3) 16 4
Income from land and buildings 599 521 41 45
Income from other investments 5,618 5,648 918 1,113
Realised investment (losses)/gains (1,445) 675 107 572
Investment income 4,815 6,841 1,082 1,734
Expenses and charges, including allocated interest charges (270) (240) (51) (85)
Unallocated interest charges:
External – subordinated debt ––(73) (10)
– other borrowings ––(133) (169)
Intra-group ––(228) (247)
––(434) (426)
(270) (240) (485) (511)
Investment return before unrealised losses 4,545 6,601 597 1,223
Unrealised investment losses (8,833) (11,120) (1,017) (1,193)
Total investment return before tax (4,288) (4,519) (420) 30
61 Aviva plc
Annual report + accounts 2002