International.

“OUR INTERNATIONAL BUSINESSES ALLOW US TO EXPORT LEGAL & GENERAL’S CORE SKILLS AND VALUES TO NEW MARKETS.”

GARETH HOSKIN
GROUP INTERNATIONAL DIRECTOR


OUR PERFORMANCE

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2010

 

PVNBP1

£m

New business
margin
%

IFRS Operating
Profit
£m

1

The present value of new business premiums (PVNBP) on the [EEV] basis is defined as the present value of annual premiums plus single premiums for any given period. It is calculated using the same assumptions as for the contributions from the new business but determined as at the point of sale.

*

Other includes our joint venture operations in Egypt, the Gulf and India.

US

443

8.9

85

Netherlands

166

1.4

20

France

408

0.6

6

Other*

n/a

n/a

(9)

Total

1,017

4.3

102

 

 

 

 

 

2009

 

PVNBP1

£m

New business
margin
%

IFRS Operating
Profit
£m

US

354

4.9

86

Netherlands

193

2.7

42

France

329

0.1

4

Other*

n/a

n/a

(5)

Total

876

2.6

127

IFRS OPERATING PROFIT

£102m

(2009: £127m)

OUR PRODUCTS

Term assurance

Covers individuals or families against financial losses arising from defined events such as death, disability or critical illness.

Group protection

Products which are designed for use by employers to offer as a benefit to their employees. They assume the risks and associated costs of an employee falling ill or dying while in employment.

Wealth management

A variety of long-term savings products tailored to the requirements of savers and investors in specific markets.

Unit-linked savings

A core Legal & General product set finding increasing resonance in selected international markets.

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