Aviva 2009 Annual Report Download - page 305

303
Aviva plc
Annual Report and Accounts 2009
MCEV financial statements continued
Performance review
Corporate responsibility
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
M11 – Free surplus emergence continued
Existing
New
Total
business
business
business
Impact of
experience
variances
Total
Reduction in
and
Release of
existing
free surplus
Total new
Transfer
assumption
required
business
from
business
Total free
from VIF to
Return on
changes on
capital to
surplus
Impact on
required
surplus
surplus
net worth
net worth
net worth
free surplus
generation
net worth
capital
generation
generation
2008
£m
£m
£m
£m
£m
£m
£m
£m
£m
United Kingdom
403
119
736
85
1,343
(147)
(159)
(306)
1,037
Aviva Europe
501
135
(50)
248
834
(168)
(197)
(365)
469
Delta Lloyd
118
145
(42)
77
298
(270)
(225)
(495)
(197)
Europe
619
280
(92)
325
1,132
(438)
(422)
(860)
272
North America
194
39
(24)
197
406
(118)
(475)
(593)
(187)
Asia Pacific
73
14
1
(12)
76
(55)
(53)
(108)
(32)
Total
1,289
452
621
595
2,957
(758)
(1,109)
(1,867)
1,090
M12 – Maturity profile of business
(a) Total in-force business
To show the profile of the VIF emergence, the value of VIF in the statements on financial position has been split into five year
tranches depending on the date when the profit is expected to emerge.
Total gross of
Total net of
2009
minority
minority
£m
0-5
6-10
11-15
16-20
20+
interest
interest
United Kingdom
289
629
490
288
369
2,065
2,065
Aviva Europe
1,613
1,149
656
350
342
4,110
3,271
Delta Lloyd
36
99
118
101
(156)
198
68
Europe
1,649
1,248
774
451
186
4,308
3,339
North America
(238)
(251)
28
13
54
(394)
(394)
Asia Pacific
102
72
29
18
26
247
241
Total
1,802
1,698
1,321
770
635
6,226
5,251
Restated
2008
Total gross of
Total net of
£m
0-5
6-10
11-15
16-20
20+
minority interest
minority interest
United Kingdom
634
542
385
279
213
2,053
2,053
Aviva Europe
1,836
1,189
669
362
214
4,270
3,336
Delta Lloyd
(34)
255
110
98
194
623
511
Europe
1,802
1,444
779
460
408
4,893
3,847
North America
(66)
(245)
(238)
(211)
(342)
(1,446)
(1,446)
Asia Pacific
108
71
47
28
16
270
262
Total
2,177
1,733
967
565
328
5,770
4,716
(b) New business
To show the profile of the VIF emergence, the value of new business has been split into five year tranches depending on the date
when the profit is expected to emerge.
Total gross of
Total net of
2009
minority
minority
£m
0-5
6-10
11-15
16-20
20+
interest
interest
United Kingdom
107
30
34
19
40
230
230
Aviva Europe
286
126
80
37
43
572
414
Delta Lloyd
(20)
45
49
38
(70)
42
35
Europe
266
171
129
75
(27)
614
449
North America
20
6
64
52
66
208
208
Asia Pacific
46
14
8
4
5
77
76
Total
439
221
235
150
84
1,129
963
Restated
2008
Total gross of
Total net of
£m
0-5
6-10
11-15
16-20
20+
minority interest
minority interest
United Kingdom
91
74
69
50
10
294
294
Aviva Europe
250
120
73
47
65
555
417
Delta Lloyd
(46)
22
28
26
201
231
220
Europe
204
142
101
73
265
786
637
North America
112
45
8
1
(12)
154
154
Asia Pacific
48
17
10
5
10
90
89
Total
455
278
188
129
273
1,324
1,174
Financial statements MCEV