Aviva 2007 Annual Report Download - page 259
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New business contribution continued
Geographical analysis of new business
New business New New business New
Present contribution business margin1contribution business margin1
Annual value of new Before the effect Before the effect After the effect After the effect
premium equivalent business premiums of required capital of required capital of required capital of required capital
2007 2006 2007 2006 2007 2006 2007 2006 2007 2006 2007 2006
£m £m £m £m £m £m £m £m £m £m £m £m
Life and pensions
United Kingdom 1,498 1,439 11,655 11,146 360 327 3.1% 2.9% 305 263 2.6% 2.4%
France 406 391 3,662 3,552 169 153 4.6% 4.3% 117 110 3.2% 3.1%
Ireland 256 190 1,730 1,273 30 15 1.7% 1.2% 25 91.4% 0.7%
Italy 343 323 2,924 2,768 82 70 2.8% 2.5% 61 50 2.1% 1.8%
Netherlands (including
Belgium and Germany) 335 270 2,944 2,346 93 56 3.2% 2.4% 53 25 1.8% 1.1%
Poland 105 72 844 534 35 28 4.1% 5.2% 32 25 3.8% 4.7%
Spain 290 248 2,392 2,059 189 184 7.9% 8.9% 173 168 7.2% 8.2%
Other Europe 85 63 418 308 –(4) 0.0% (1.3)% (5) (6) (1.2)% (1.9)%
Europe 1,820 1,557 14,914 12,840 598 502 4.0% 3.9% 456 381 3.1% 3.0%
North America 378 97 3,602 884 154 20 4.3% 2.3% 108 83.0% 0.9%
Asia 160 107 990 685 36 26 3.6% 3.8% 27 22 2.7% 3.2%
Australia 80 58 439 297 26 17 5.9% 5.7% 16 93.6% 3.0%
Asia Pacific 240 165 1,429 982 62 43 4.3% 4.4% 43 31 3.0% 3.2%
Total life and pensions 3,936 3,258 31,600 25,852 1,174 892 3.7% 3.5% 912 683 2.9% 2.6%
Investment sales 761 534 6,983 4,910
Total long-term savings
(including share
of associates and
joint ventures)24,697 3,792 38,583 30,762
1. New business margin represents the ratio of new business contribution to PVNBP, expressed as a percentage.
2. Total long-term savings includes investment sales. Investment sales are calculated as new single premiums plus annualised value of new regular premiums.
Analysis of new business by distribution channel
Before the effect of required capital, tax and minority interest
Annual Present value of new
premium equivalent business premiums New business contribution New business margin
2007 2006 2007 2006 2007 2006 2007 2006
£m £m £m £m £m £m %%
Analysed between:
– Principal bancassurance
channels 1,016 942 8,281 7,737 397 369 4.8% 4.8%
– Other distribution channels 2,920 2,316 23,319 18,115 777 523 3.3% 2.9%
Total 3,936 3,258 31,600 25,852 1,174 892 3.7% 3.5%
After the effect of required capital, tax and minority interest
Annual Present value of new
premium equivalent business premiums New business contribution New business margin
2007 2006 2007 2006 2007 2006 2007 2006
£m £m £m £m £m £m %%
Analysed between:
– Principal bancassurance
channels 590 553 4,730 4,465 133 121 2.8% 2.7%
– Other distribution channels 2,839 2,252 22,674 17,607 396 255 1.7% 1.4%
Total 3,429 2,805 27,404 22,072 529 376 1.9% 1.7%
Aviva plc
Annual Report and
Accounts 2007
255
Financial
statements