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

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Operating assumption changes

Changes in operating assumptions are made when the assumed future levels of expenses, mortality or other operating assumptions are expected to change permanently.

  2006 £m 2005 £m
France 11 14
Netherlands (including Belgium, Germany and Luxembourg) 56 55
Rest of Europe (83) 2
Continental Europe (16) 71
United States (9) (10)
Other 9 12
Rest of the World - 2
International (16) 73
United Kingdom 60 (56)
Total 44 17

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.

Further disclosures on experience variances and operating assumption changes on an EEV basis are provided.

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