(Download XLS:)  |
|
For the year ended 31 December 2008 |
Risk and Savings |
International |
Total |
|---|---|---|---|
|
Persistency |
(114) |
(2) |
(116) |
|
Mortality/morbidity |
(49) |
8 |
(41) |
|
Expenses |
35 |
(9) |
26 |
|
Other |
28 |
(12) |
16 |
|
|
(100) |
(15) |
(115) |
2008 Risk and Savings persistency operating assumption changes of -£114m relate primarily to the strengthening of lapse assumptions for unit linked bond policies.
2008 Risk and Savings mortality assumption changes relate primarily to annuitant mortality where the assumption has been updated to reflect the latest three year average experience where lighter 2008 experience replaced heavier 2005 experience in the calculation.
| (Download XLS:) |
|
For the year ended 31 December 2007 |
Risk and Savings |
International |
Total |
|---|---|---|---|
|
Persistency |
(41) |
(4) |
(45) |
|
Mortality/morbidity |
(213) |
21 |
(192) |
|
Expenses |
(48) |
(4) |
(52) |
|
Other |
27 |
(11) |
16 |
|
|
(275) |
2 |
(273) |
2007 Risk and Savings mortality/morbidity operating assumption changes of -£213m (restated) relate primarily to the strengthening of assumptions for annuitant mortality (-£295m restated) offset by a change in assumptions for the proportion of annuitants married (£46m restated) and improved mortality on individual protection and other products (£36m). The restated figures reflect the reclassification of the contingent loan from [SNW] to [VIF].