6 INTERNATIONAL OPERATING PROFIT.


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2011
£m

2010
£m

1.

The significant increase in LGA operating profit reflects the improved new business contribution and the impact of the captive reinsurance structure, which was moved from Bermuda to Vermont during 2011.

2.

The reduction in LGN operating profit reflects one-off modelling assumption changes in 2010; not repeated in 2011.

3.

Other includes our joint venture operations in Egypt, the Gulf, India and business unit costs of £5m (2010: £5m) allocated to the International segment.

USA (LGA)1

242

129

Netherlands (LGN)2

6

52

France (LGF)

2

(9)

Total Europe operating profit

8

43

Other3

(8)

(9)

Total International operating profit

242

163

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