Operating assumption changes
Changes in operating assumptions are made when the assumed future levels of expenses, mortality or other operating assumptions are expected to change permanently.
| 2004 £m |
Restated* 2003 £m |
|
|---|---|---|
| United Kingdom | (58) | 1 |
| France | 35 | (27) |
| Netherlands (including Belgium and Luxembourg) | 21 | 28 |
| Europe | (4) | 23 |
| International | (1) | (6) |
| (7) | 19 | |
| * Restated for the effect of implementing European Embedded Value principles. | ||
Further disclosures on experience variances and operating assumption changes are provided on Life EEV operating return before tax.
