Worldwide long-term savings new business – twelve months to 31 December 2005
Supplement 6
Annual premium equivalent
| Annual premium equivalent1 | |||
|---|---|---|---|
| 12 months to 31 December 2005 £m |
12 months to 31 December 2004 £m |
Local currency growth2 |
|
| Life and pensions | |||
| United Kingdom | 1,142 | 1,166 | (2%) |
| France | 384 | 307 | 24% |
| Ireland | 100 | 86 | 17% |
| Italy | 252 | 198 | 26% |
| Netherlands (including Belgium and Luxembourg) | 271 | 261 | 3% |
| Poland | 42 | 37 | - |
| Spain | 240 | 248 | (4%) |
| Other Europe | 121 | 124 | (4%) |
| Continental Europe | 1,410 | 1,261 | 11% |
| Rest of the World | 193 | 171 | 10% |
| Total life and pensions | 2,745 | 2,598 | 5% |
| Investment sales | |||
| United Kingdom | 135 | 103 | 31% |
| Netherlands | 56 | 20 | 186% |
| Poland | 9 | 10 | (17%) |
| Other Europe | 41 | 25 | 61% |
| Continental Europe | 106 | 55 | 90% |
| Rest of the World | 21 | 24 | (16%) |
| Total investment sales | 262 | 182 | 42% |
| Total long-term savings | 3,007 | 2,780 | 7% |
- Annual premium equivalent (APE) is the UK industry's standard measure of new regular premiums and 10% of single premiums.
- Growth rates are calculated based on constant rates of exchange.
