Interim results - Worldwide long-term savings new business – Three months to 31 March 2006
Rest of the World
United States:
Life and pension sales increased by 56% to £152 million (2005: £90 million). This was driven by the A.M. Best rating upgrade to A+ achieved in November 2005. This rating upgrade contributed to a strong performance in structured settlements sales. Aviva also benefited from new products launched during 2005, including a deferred annuity tailored for the bank channel and a fixed-indexed annuity. Aviva remains focused on broadening its distribution with good growth expected during 2006.
New business contribution was £3 million (2005: £2 million). New business margin was 2.0% (2005: 2.2%).
