Legal & General - Annual Report and Accounts 2009 - 33 Value of in-force non-participating contracts

(i) Movement in value of in-force non-participating contracts

	2009 £m	2008 £m
As at 1 January	171	276
Unwinding of the discount rates	7	14
Investment return	193	(149)
Other	(4)	30
As at 31 December	367	171
Expected to be settled within 12 months	53	17
Expected to be settled after 12 months	314	154

As at 31 December 2009	0-5 years £m	5-15 years £m	15-25 years £m	Over 25 years £m	Total £m	Carrying value £m
	Date of undiscounted cash flow
Value of in-force non-participating contracts	250	224	108	57	639	367

	Date of undiscounted cash flow
As at 31 December 2008	0-5 years £m	5-15 years £m	15-25 years £m	Over 25 years £m	Total £m	Carrying value £m
Value of in-force non-participating contracts	94	125	49	33	301	171

Value of in-force non-participating undiscounted net cash flows are based on the expected date of realisation.