Trend analysis of PVNBP – discrete

	Present value of new business premiums¹
	1Q09 £m	2Q09 £m	3Q09 £m	4Q09 £m	1Q10 £m	% Growth on 4Q09
Life and pensions business						Sterling	Local ² currency
Pensions	989	1,100	804	859	941	10%	10%
Annuities	475	358	416	648	877	35%	35%
Bonds	713	506	383	422	412	(2)%	(2)%
Protection	245	216	246	258	231	(10)%	(10)%
Equity release	83	50	80	63	96	52%	52%
United Kingdom	2,505	2,230	1,929	2,250	2,557	14%	14%

France	1,270	1,170	1,100	1,351	1,550	15%	15%
Ireland	187	239	264	382	247	(35)%	(35)%
Italy	1,136	1,062	651	758	1,567	107%	107%
Poland	351	203	189	336	206	(39)%	(44)%
Spain	737	508	397	812	590	(27)%	(27)%
Other Europe	112	96	98	114	125	10%	6%
Aviva Europe	3,793	3,278	2,699	3,753	4,285	14%	13%
Of which: Bancassurance	2,243	1,850	1,291	1,762	2,611	48%	48%
Retail	1,550	1,428	1,408	1,991	1,674	(16)%	(17)%
Aviva Europe	3,793	3,278	2,699	3,753	4,285	14%	13%

Delta Lloyd³	942	838	1,055	830	883	6%	6%
Europe	4,735	4,116	3,754	4,583	5,168	13%	12%

North America	1,929	1,260	553	803	997	24%	24%

Asia Pacific⁵	325	207	256	307	409	33%	27%
Australia	75	91	95	-	-	-	-

Total life and pensions	9,569	7,904	6,587	7,943	9,131	15%	14%

Investment sales⁴	744	1,204	1,094	830	1,043	26%	22%

Total long term saving sales	10,313	9,108	7,681	8,773	10,174	16%	15%

All references to sales in this announcement refer to the present value of new business premiums (PVNBP) unless otherwise stated.
PVNBP is the present value of new regular premiums plus 100% of single premiums.
Growth rates are calculated based on constant rates of exchange.
Delta Lloyd, which operates in the Netherlands, Belgium and Germany, is managed independently from our other European businesses.
Investment sales are calculated as new single premium plus the annualised value of new regular premiums.
Asia Pacific excludes the Australian life business that was sold on 1 October 2009.

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