Interim results - 6 months ended 30 June 2007
Operating and financial review
Long-term savings
Our worldwide long-term new business sales grew strongly in the six months to 30 June 2007, with total long-term savings new business sales up 25% to £19.3 billion (2006: £15.6 billion). The overall increase reflects growth in life and pension sales of 19% to £15.5 billion (2006: £13.1 billion), and strong investment sales, up 52% to £3.8 billion (2006: £2.5 billion). Aviva USA is continuing to progress extremely well with very strong sales of £1.7 billion from the combined business (2006 pro forma: £1.3 billion), a pro forma increase of 51% on a constant currency basis.
| 6 months 2007 | Local currency growth | |||||
|---|---|---|---|---|---|---|
| Long-term savings sales | Life and pensions £m | Retail investments £m | Total £m | Life and pensions % | Retail investments % | Total % |
| United Kingdom | 5,820 | 1,595 | 7,415 | - | 47% | 7% |
| Europe | 7,353 | 778 | 8,131 | 12% | 35% | 14% |
| North America | 1,716 | - | 1,716 | 553% | - | 553% |
| Asia Pacific | 654 | 1,378 | 2,032 | 73% | 71% | 72% |
| Total new business sales on a present value of new business premium (PVNBP) basis | 15,543 | 3,751 | 19,294 | 19% | 52% | 25% |
