24 Value of in-force non-participating contracts.

24 Value of in-force non-participating contracts.

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

(XLS:) Value of in-force non-participating contracts – Movement

 

2013
£m

2012
£m

As at 1 January

242

242

Unwinding of the discount rates

4

8

Investment return

77

(46)

Other

(75)

38

As at 31 December

248

242

 

 

 

Expected to be settled within 12 months

20

25

Expected to be settled after 12 months

228

217

(ii) Expected net cash flows

(XLS:) Value of in-force non-participating contracts – Expected net cash flows 2013

 

Date of undiscounted cash flow

Total
£m

Carrying value
£m

As at 31 December 2013

0-5
years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Value of in-force non-participating contracts

120

100

46

26

292

248

(XLS:) Value of in-force non-participating contracts – Expected net cash flows 2012

 

Date of undiscounted cash flow

Total
£m

Carrying value
£m

As at 31 December 2012

0-5
years
£m

5-15
years
£m

15-25
years
£m

Over
25 years
£m

Value of in-force non-participating contracts

119

105

49

23

296

242

Value of in-force (VIF) non-participating undiscounted net cash flows are based on the expected date of realisation. The VIF relates entirely to insurance contracts.

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