Interim results - 6 months ended 30 June 2007

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Operating and financial review

Overview

Analysis of France long-term savings by fund

  Single Regular PVNBP
  6 months 2007 £m 6 months 2006 £m Local currency growth1 6 months 2007 £m 6 months 2006 £m Local currency growth1 Local currency growth1
AFER
- Euro funds2 612 627 (1)% 5 - - 4%
- Unit-linked funds 224 302 (25)% 2 - - (21)%
  836 929 (9)% 7 - - (4)%
Bancassurance partnership with Crédit du Nord
- Euro funds 229 232 - 1 2 (23)% (1)%
- Unit-linked funds 128 194 (33)% 8 10 (14)% (30)%
- Protection - - 1 1 (45)% (43)%
  357 426 (15)% 10 13 (17)% (16)%
Other
- Euro funds 84 306 (7)% 18 14 29% (5)%
- Unit-linked funds 279 194 (33)% 8 10 (14)% (30)%
- Protection 1 1 20% 11 12 (10)% (14)%
  364 411 (10)% 32 29 (8)% (8)%
Total France long-term savings 1,557 1,766 (11)% 49 42 (18)% (8)%
  1. Growth rates are calculated based on constant rates of exchange.
  2. Euro funds are savings that receive an annual bonus declaration, based on the investment performance of the underlying funds.

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