Aviva 2006 Annual Report Download - page 26

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Aviva plc
Annual Report and Accounts 2006 22
Business unit overview
Business review continued
Left to right:
Patrick Snowball
UK
Philip Scott
International
and Morley
Tidjane Thiam
Europe
Overview
The following section details the specific performance of our
business units, split by region. This marks a change from the
previous year, where we reported the business unit results by
segment. The change was made to align our reporting with
our management structure. Each business unit is now reported
under the executive director who is responsible for the overall
management of that region. Our main reporting regions are:
UK – headed by Patrick Snowball
Europe – headed by Tidjane Thiam
International and Morley – headed by Philip Scott
Each of the directors has written a letter to shareholders at the start
of their regional section setting out their views on the businesses
for which they are responsible. Additionally, the letters cover the
key developments affecting the region during the year and the key
priorities for the future.
Reconciliation of regional and business segment
operating profit – EEV basis
2006 2005
Morley and
UK Europe International Total Total
£m £m £m £m £m
Long-term savings 744 1,171 118 2,033 1,814
Fund management (6) 46 56 96 83
General insurance
and health 1,075 417 188 1,680 1,551
1,813 1,634 362 3,809 3,448
Other operations (23) 28
Corporate costs (160) (136)
Net unallocated interest charges (381) (436)
EEV operating profit before adjusting items 3,245 2,904