EEV basis - new business contribution before the effect of required capital, tax and minority interest

  Annual premium
equivalent1
  Present value of new business premiums   New business
contribution
  6 months
2005
£m
Restated*
6 months
2004
£m
  6 months
2005
£m
6 months
2004
£m
  6 months
2005
£m
Restated*
6 months
2004
£m
Analysed between:                
– Bancassurance channels 369 275   3,222 2,305   149 116
– Other distribution channels 977 969   7,794 7,448   244 222
Total 1,346 1,244   11,016 9,753   393 338
1 APE has been restated to include NUER volumes.
* Restated for the effect of implementing European Embedded Value Principles.


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