Interim results for 6 months ended 30 June 2006
New business contribution after the effect of required capital, tax and minority interest
| Annual premium equivalent | Present value of new business premiums1 | New business contribution2 | New business margin3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 months 2006 £m |
6 months 2005 £m |
6 months 2006 £m |
6 months 2005 £m |
6 months 2006 £m |
6 months 2005 £m |
6 months 2006 % |
6 months 2005 % |
||||
| Analysed between: | |||||||||||
| – Bancassurance channels |
267 | 197 | 2,218 | 1,678 | 59 | 42 | 2.7% | 2.5% | |||
| – Other distribution channels | 1,133 | 955 | 8,932 | 7,597 | 135 | 116 | 1.5% | 1.5% | |||
| Total | 1,400 | 1,152 | 11,150 | 9,275 | 194 | 158 | 1.7% | 1.7% | |||
1 Stated after deducting minority interests.
2 Contribution stated after deducting the effect of required capital, tax and minority interests.
3 New business margin represents the ratio of new business contribution after deducting the effect of required capital, tax and minority interests to PVNBP after deducting the minority interests, expressed as a percentage.
