Preliminary results - 12 months ended 31 December 2006 01 March 2007

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Experience variances

Experience variances include the impact of the difference between expense, demographic and persistency assumptions, and actual experience incurred in the year. Also included are variances arising from tax, where such variances are due to management action.

  2006 £m 2005 £m
France 71 32
Netherlands (including Belgium, Germany and Luxembourg) (9) 2
Rest of Europe 29 13
Continental Europe 91 47
United States (11) 3
Other 10 6
Rest of the World (1) 9
International 90 56
United Kingdom (140) (95)
Total (50) (39)

Germany has been reclassified from Other Europe to the Netherlands, Lithuania has been reclassified from Other Europe to Poland and Norwich Union's Dublin-based offshore life and savings business has been reclassified from Other Europe to the United Kingdom.

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