Worldwide long-term savings new business – twelve months to 31 December 2005
Supplement 2
Analysis of sales via our principal bancassurance channels
| Present value of new business premiums2 | ||
|---|---|---|
| 12 months to 31 December 2005 £m |
Local currency growth1 |
|
| Life and pensions | ||
| United Kingdom | ||
| Royal Bank of Scotland Group | 636 | 31% |
| 636 | 31% | |
| France | ||
| Crédit du Nord (commenced 1 October 2004) | 728 | 475% |
| 728 | 475% | |
| Italy | ||
| UniCredit Group | 778 | (8%) |
| Banca Popolare Italiana Group | 530 | 38% |
| Banca delle Marche | 178 | 2% |
| Banche Popolari Unite | 648 | 140% |
| 2,134 | 27% | |
| Netherlands | ||
| ABN AMRO | 543 | 9% |
| 543 | 9% | |
| Spain | ||
| Bancaja | 877 | 11% |
| Caixa Galicia | 308 | (49%) |
| Unicaja | 291 | 1% |
| Caja Espãna | 179 | 4% |
| Caja de Granada | 138 | 15% |
| 1,793 | (9%) | |
| Asia | ||
| DBS | 241 | (9%) |
| 241 | (9%) | |
| Total life and pensions | 6,075 | 21% |
Investment sales3 |
||
| United Kingdom | ||
| Royal Bank of Scotland Group | 106 | 49% |
| 106 | 49% | |
| Total bancassurance sales | 6,181 | 22% |
- Growth rates are calculated based on constant rates of exchange.
- Present value of new business premiums (PVNBP) is the present value of new regular premiums plus 100% of single premiums, calculated using assumptions consistent with those used to determine new business contribution.
- Investment sales are calculated as new single premium plus annualised value of new regular premiums.
Analysis of total new business sales via the joint venture with Royal Bank of Scotland Group (RBSG)
Total sales through the joint venture with RBSG are provided below on a 100% basis and for Aviva’s share. In reporting the life and pensions results, a 50% share of sales written through the joint venture life company and 100% of single premium with-profit and unit-linked bond sales written through a Norwich Union fund are included. Investment sales represent Aviva’s 50% share of the collective investment sales.
| Total RBSG sales | Aviva’s share | ||||
|---|---|---|---|---|---|
| 12 months
to
31 December 2005 £m |
12 months to
31 December 2004 £m |
12 months
to
31 December 2005 £m |
12 months to
31 December 2004 £m |
||
| Total life and pension sales | 873 | 775 | 636 | 484 | |
| Collective investment sales | 212 | 142 | 106 | 71 | |
| Total RBSG bancassurance sales | 1,085 | 917 | 742 | 555 | |
