Interim results for 6 months ended 30 June 2006
New business contribution before the effect of required capital, tax and minority interest
| Annual premium equivalent | Present value of new business premiums | New business contribution1 | New business margin2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
472 | 369 | 3,958 | 3,222 | 187 | 149 | 4.7% | 4.6% | |||
| – Other distribution channels | 1,159 | 977 | 9,189 | 7,794 | 272 | 244 | 3.0% | 3.1% | |||
| Total | 1,631 | 1,346 | 13,147 | 11,016 | 459 | 393 | 3.5% | 3.6% | |||
1 Stated before the effect of required capital.
2 New business margin represents the ratio of new business contribution before the effect of required capital to PVNBP, expressed as a percentage.
