Prudential plc Q4 NBF Pt2
Prudential PLC
29 January 2008
Schedule 5 - Constant Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - FULL YEAR 2007
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
UK US Asia Total
FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY +/-(%)
2006
£m £m £m £m £m £m £m £m
Total Insurance 6,866 7,192 (5%) 6,534 5,507 19% 2,944 1,816 62% 16,344 14,515 13%
Products
Total Investment 14,745 13,486 9% 60 - - 38,954 19,816 97% 53,759 33,302 61%
Products - Gross
Inflows
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
21,611 20,678 5% 6,594 5,507 20% 41,898 21,632 94% 70,103 47,817 47%
INSURANCE OPERATIONS
Single Regular Total PVNBP
FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%)
£m £m £m £m £m £m £m £m
UK Insurance Operations
Product Summary
Internal Vesting 1,399 1,341 4% - - - 1,399 1,341 4% 1,399 1,341 4%
annuities
Direct and Partnership 842 780 8% - - - 842 780 8% 842 780 8%
Annuities
Intermediated Annuities 589 592 (1%) - - - 589 592 (1%) 589 592 (1%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Individual 2,830 2,713 4% - - - 2,830 2,713 4% 2,830 2,713 4%
Annuities
Equity Release 156 89 75% - - - 156 89 75% 156 89 75%
Individual Pensions 38 21 81% 1 - - 39 21 86% 42 21 100%
Corporate Pensions 283 318 (11%) 84 66 27% 367 384 (4%) 737 490 50%
Unit Linked Bonds 243 388 (37%) - - - 243 388 (37%) 243 388 (37%)
With-Profit Bonds 297 139 114% - - - 297 139 114% 297 139 114%
Protection - 11 - 5 9 (44%) 5 20 (75%) 26 63 (59%)
Offshore Products 434 540 (20%) 4 - - 438 540 (19%) 455 540 (16%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail Retirement 4,281 4,219 1% 94 75 25% 4,375 4,294 2% 4,786 4,443 8%
Corporate Pensions 198 261 (24%) 115 100 15% 313 361 (13%) 604 643 (6%)
Other Products 190 232 (18%) 25 26 (4%) 215 258 (17%) 276 347 (20%)
DWP Rebates 143 161 (11%) - - - 143 161 (11%) 143 161 (11%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Mature Life and 531 654 (19%) 140 126 11% 671 780 (14%) 1,023 1,151 (11%)
Pensions
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 4,812 4,873 (1%) 234 201 16% 5,046 5,074 (1%) 5,809 5,594 4%
Wholesale Annuities 1,799 1,431 26% - - - 1,799 1,431 26% 1,799 1,431 26%
Credit Life 21 687 (97%) - - - 21 687 (97%) 21 687 (97%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 6,632 6,991 (5%) 234 201 16% 6,866 7,192 (5%) 7,629 7,712 (1%)
Operations
Channel Summary
Direct and Partnership 2,385 2,543 (6%) 209 174 20% 2,594 2,717 (5%) 3,287 3,133 5%
Intermediated 2,284 2,169 5% 25 27 (7%) 2,309 2,196 5% 2,378 2,300 3%
Wholesale 1,820 2,118 (14%) - - - 1,820 2,118 (14%) 1,820 2,118 (14%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total 6,489 6,830 (5%) 234 201 16% 6,723 7,031 (4%) 7,485 7,551 (1%)
DWP Rebates 143 161 (11%) - - - 143 161 (11%) 143 161 (11%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 6,632 6,991 (5%) 234 201 16% 6,866 7,192 (5%) 7,629 7,712 (1%)
Operations
US Insurance Operations
Fixed Annuities 573 633 (9%) - - - 573 633 (9%) 573 633 (9%)
Fixed Index Annuities 446 510 (13%) - - - 446 510 (13%) 446 510 (13%)
Variable Annuities 4,554 3,517 29% - - - 4,554 3,517 29% 4,554 3,517 29%
Life 7 7 0% 19 16 19% 26 23 13% 158 135 17%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total Retail 5,580 4,667 20% 19 16 19% 5,599 4,683 20% 5,731 4,795 20%
Guaranteed Investment 408 422 (3%) - - - 408 422 (3%) 408 422 (3%)
Contracts
GIC - Medium Term Note 527 402 31% - - - 527 402 31% 527 402 31%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total US Insurance 6,515 5,491 19% 19 16 19% 6,534 5,507 19% 6,666 5,619 19%
Operations
Asian Insurance
Operations
China 72 26 177% 40 35 14% 112 61 84% 268 191 40%
Hong Kong 501 325 54% 117 95 23% 618 420 47% 1,196 856 40%
India 26 20 30% 177 106 67% 203 126 61% 728 415 75%
Indonesia 118 28 321% 109 66 65% 227 94 141% 494 249 98%
Japan 122 62 97% 22 6 267% 144 68 112% 214 88 143%
Korea 179 97 85% 241 197 22% 420 294 43% 1,267 1,069 19%
Malaysia 41 4 925% 78 71 10% 119 75 59% 472 410 15%
Singapore 593 347 71% 67 70 (4%) 660 417 58% 1,047 779 34%
Taiwan 132 84 57% 218 127 72% 350 211 66% 1,121 678 65%
Other 36 15 140% 55 35 57% 91 50 82% 200 126 59%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Asian Insurance 1,820 1,008 81% 1,124 808 39% 2,944 1,816 62% 7,007 4,861 44%
Operations
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Group Total 14,967 13,490 11% 1,377 1,025 34% 16,344 14,515 13% 21,302 18,192 17%
Schedule 6 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - FULL YEAR 2007
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
UK US Asia Total
FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY +/-(%)
2006
£m £m £m £m £m £m £m £m
Total Insurance 6,866 7,192 (5%) 6,534 5,981 9% 2,944 1,921 53% 16,344 15,094 8%
Products
Total Investment 14,745 13,486 9% 60 - - 38,954 20,408 91% 53,759 33,894 59%
Products - Gross
Inflows
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
21,611 20,678 5% 6,594 5,981 10% 41,898 22,329 88% 70,103 48,988 43%
INSURANCE OPERATIONS
Single Regular Total PVNBP
FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY 2006 +/-(%) FY 2007 FY +/-(%)
2006
£m £m £m £m £m £m £m £m
UK Insurance Operations
Product Summary
Internal Vesting 1,399 1,341 4% - - - 1,399 1,341 4% 1,399 1,341 4%
annuities
Direct and Partnership 842 780 8% - - - 842 780 8% 842 780 8%
Annuities
Intermediated Annuities 589 592 (1%) - - - 589 592 (1%) 589 592 (1%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Individual 2,830 2,713 4% - - - 2,830 2,713 4% 2,830 2,713 4%
Annuities
Equity Release 156 89 75% - - - 156 89 75% 156 89 75%
Individual Pensions 38 21 81% 1 - - 39 21 86% 42 21 100%
Corporate Pensions 283 318 (11%) 84 66 27% 367 384 (4%) 737 490 50%
Unit Linked Bonds 243 388 (37%) - - - 243 388 (37%) 243 388 (37%)
With-Profit Bonds 297 139 114% - - - 297 139 114% 297 139 114%
Protection - 11 - 5 9 (44%) 5 20 (75%) 26 63 (59%)
Offshore Products 434 540 (20%) 4 - - 438 540 (19%) 455 540 (16%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail Retirement 4,281 4,219 1% 94 75 25% 4,375 4,294 2% 4,786 4,443 8%
Corporate Pensions 198 261 (24%) 115 100 15% 313 361 (13%) 604 643 (6%)
Other Products 190 232 (18%) 25 26 (4%) 215 258 (17%) 276 347 (20%)
DWP Rebates 143 161 (11%) - - - 143 161 (11%) 143 161 (11%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Mature Life and 531 654 (19%) 140 126 11% 671 780 (14%) 1,023 1,151 (11%)
Pensions
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 4,812 4,873 (1%) 234 201 16% 5,046 5,074 (1%) 5,809 5,594 4%
Wholesale Annuities 1,799 1,431 26% - - - 1,799 1,431 26% 1,799 1,431 26%
Credit Life 21 687 (97%) - - - 21 687 (97%) 21 687 (97%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 6,632 6,991 (5%) 234 201 16% 6,866 7,192 (5%) 7,629 7,712 (1%)
Operations
Channel Summary
Direct and Partnership 2,385 2,543 (6%) 209 174 20% 2,594 2,717 (5%) 3,287 3,133 5%
Intermediated 2,284 2,169 5% 25 27 (7%) 2,309 2,196 5% 2,378 2,300 3%
Wholesale 1,820 2,118 (14%) - - - 1,820 2,118 (14%) 1,820 2,118 (14%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total 6,489 6,830 (5%) 234 201 16% 6,723 7,031 (4%) 7,485 7,551 (1%)
DWP Rebates 143 161 (11%) - - - 143 161 (11%) 143 161 (11%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 6,632 6,991 (5%) 234 201 16% 6,866 7,192 (5%) 7,629 7,712 (1%)
Operations
US Insurance Operations
Fixed Annuities 573 688 (17%) - - - 573 688 (17%) 573 688 (17%)
Fixed Index Annuities 446 554 (19%) - - - 446 554 (19%) 446 554 (19%)
Variable Annuities 4,554 3,819 19% - - - 4,554 3,819 19% 4,554 3,819 19%
Life 7 8 (13%) 19 17 12% 26 25 4% 158 147 7%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total Retail 5,580 5,069 10% 19 17 12% 5,599 5,086 10% 5,731 5,208 10%
Guaranteed Investment 408 458 (11%) - - - 408 458 (11%) 408 458 (11%)
Contracts
GIC - Medium Term Note 527 437 21% - - - 527 437 21% 527 437 21%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total US Insurance 6,515 5,964 9% 19 17 12% 6,534 5,981 9% 6,666 6,103 9%
Operations
Asian Insurance
Operations
China 72 27 167% 40 36 11% 112 63 78% 268 198 35%
Hong Kong 501 355 41% 117 103 14% 618 458 35% 1,196 933 28%
India 26 20 30% 177 105 69% 203 125 62% 728 411 77%
Indonesia 118 31 281% 109 71 54% 227 102 123% 494 269 84%
Japan 122 68 79% 22 7 214% 144 75 92% 214 97 121%
Korea 179 103 74% 241 208 16% 420 311 35% 1,267 1,130 12%
Malaysia 41 4 925% 78 72 8% 119 76 57% 472 418 13%
Singapore 593 357 66% 67 72 (7%) 660 429 54% 1,047 803 30%
Taiwan 132 92 43% 218 139 57% 350 231 52% 1,121 743 51%
Other 36 15 140% 55 36 53% 91 51 78% 200 130 54%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Asian Insurance 1,820 1,072 70% 1,124 849 32% 2,944 1,921 53% 7,007 5,132 37%
Operations
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Group Total 14,967 14,027 7% 1,377 1,067 29% 16,344 15,094 8% 21,302 18,947 12%
Schedule 7 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 4 2007 VERSUS QUARTER 4 2006
INSURANCE OPERATIONS
Single Regular Total PVNBP
Q4 2007 Q4 2006 +/-(%) Q4 2007 Q4 2006 +/-(%) Q4 2007 Q4 2006 +/-(%) Q4 2007 Q4 +/-(%)
2006
£m £m £m £m £m £m £m £m
UK Insurance
Operations
Product Summary
Internal Vesting 369 369 0% - - - 369 369 0% 369 369 0%
annuities
Direct and Partnership 184 279 (34%) - - - 184 279 (34%) 184 279 (34%)
Annuities
Intermediated 140 188 (26%) - - - 140 188 (26%) 140 188 (26%)
Annuities
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Individual 693 836 (17%) - - - 693 836 (17%) 693 836 (17%)
Annuities
Equity Release 48 34 41% - - - 48 34 41% 48 34 41%
Individual Pensions 11 5 120% - - - 11 5 120% 13 5 160%
Corporate Pensions 162 265 (39%) 26 27 (4%) 188 292 (36%) 354 314 13%
Unit Linked Bonds 43 85 (49%) - - - 43 85 (49%) 43 85 (49%)
With-Profit Bonds 114 49 133% - - - 114 49 133% 114 49 133%
Protection - 9 - 2 - - 2 9 (78%) 6 24 (75%)
Offshore Products 129 100 29% 1 - - 130 100 30% 135 100 35%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 1,200 1,383 (13%) 29 27 7% 1,229 1,410 (13%) 1,406 1,447 (3%)
Retirement
Corporate Pensions 30 73 (59%) 29 19 53% 59 92 (36%) 135 113 19%
Other Products 47 52 (10%) 5 7 (29%) 52 59 (12%) 70 80 (13%)
DWP Rebates 14 - - - - - 14 - - 14 - -
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Mature Life and 91 125 (27%) 34 26 31% 125 151 (17%) 219 193 13%
Pensions
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 1,291 1,508 (14%) 63 53 19% 1,354 1,561 (13%) 1,625 1,640 (1%)
Wholesale Annuities 1,754 131 1,239% - - - 1,754 131 1,239% 1,754 131 1,239%
Credit Life 4 197 (98%) - - - 4 197 (98%) 4 197 (98%)
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 3,049 1,836 66% 63 53 19% 3,112 1,889 65% 3,383 1,968 72%
Operations
Channel Summary
Direct and Partnership 648 949 (32%) 58 47 23% 706 996 (29%) 957 1,045 (8%)
Intermediated 627 559 12% 5 6 (17%) 632 565 12% 651 595 9%
Wholesale 1,760 328 437% - - - 1,760 328 437% 1,760 328 437%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total 3,035 1,836 65% 63 53 19% 3,098 1,889 64% 3,368 1,968 71%
DWP Rebates 14 - - - - - 14 - - 14 - -
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 3,049 1,836 66% 63 53 19% 3,112 1,889 65% 3,383 1,968 72%
Operations
US Insurance
Operations
Fixed Annuities 152 172 (12%) - - - 152 172 (12%) 152 172 (12%)
Fixed Index Annuities 104 117 (11%) - - - 104 117 (11%) 104 117 (11%)
Variable Annuities 1,137 1,010 13% - - - 1,137 1,010 13% 1,137 1,010 13%
Life 2 2 0% 6 4 50% 8 6 33% 54 43 26%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total Retail 1,395 1,301 7% 6 4 50% 1,401 1,305 7% 1,447 1,342 8%
Guaranteed Investment 148 133 11% - - - 148 133 11% 148 133 11%
Contracts
GIC - Medium Term Note (4) (5) 20% - - - (4) (5) 20% (4) (5) 20%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total US Insurance 1,539 1,429 8% 6 4 50% 1,545 1,433 8% 1,591 1,470 8%
Operations
Asian Insurance
Operations
China 17 5 240% 7 15 (53%) 24 20 20% 65 60 8%
Hong Kong 178 131 36% 35 35 0% 213 166 28% 424 324 31%
India 6 6 0% 53 28 89% 59 34 74% 219 148 48%
Indonesia 53 14 279% 38 22 73% 91 36 153% 192 86 123%
Japan 40 27 48% 6 4 50% 46 31 48% 66 42 57%
Korea 60 27 122% 61 53 15% 121 80 51% 284 400 (29%)
Malaysia 21 1 2,000% 29 24 21% 50 25 100% 186 136 37%
Singapore 168 86 95% 21 25 (16%) 189 111 70% 326 237 38%
Taiwan 33 34 (3%) 36 33 9% 69 67 3% 151 143 6%
Other 15 6 150% 22 11 100% 37 17 118% 78 31 152%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Asian Insurance 591 337 75% 308 250 23% 899 587 53% 1,991 1,607 24%
Operations
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Group Total 5,179 3,602 44% 377 307 23% 5,556 3,909 42% 6,965 5,045 38%
INVESTMENT OPERATIONS
Market & Net
Opening Other Currency Movement Closing
FUM Gross Redemptions Net Movements Movements In FUM FUM
Inflows Inflows
£m £m £m £m £m £m £m £m
M&G Q4 2007 49,907 3,933 (2,568) 1,365 (123) 72 1,314 51,221
Q4 2006 42,258 3,505 (2,513) 992 (7) 1,703 2,688 44,946
+/-(%) 18% 12% (2%) 38% (1,657%) (96%) (51%) 14%
Asia Retail Mutual Funds Q4 2007 15,120 10,842 (10,346) 496 (125) 786 1,157 16,277
Q4 2006 10,396 5,674 (4,737) 937 (35) 115 1,017 11,413
+/-(%) 45% 91% (118%) (47%) (257%) 583% 14% 43%
Asia Third Party Q4 2007 980 167 (76) 91 - 45 136 1,116
Q4 2006 758 40 (4) 36 - 46 82 840
+/-(%) 29% 318% (1,800%) 153% - (2%) 66% 33%
US Retail Mutual Funds Q4 2007 32 27 (2) 25 - (2) 23 55
Q4 2006 - - - - - - - -
+/-(%) - - - - - - - -
Total Investment Q4 2007 66,039 14,969 (12,992) 1,977 (248) 901 2,630 68,669
Products
Q4 2006 53,412 9,219 (7,254) 1,965 (42) 1,864 3,787 57,199
+/-(%) 24% 62% (79%) 1% (490%) (52%) (31%) 20%
Schedule 8 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 4 2007 VERSUS QUARTER 3 2007
INSURANCE OPERATIONS
Single Regular Total PVNBP
Q4 2007 Q 3 +/-(%) Q4 2007 Q3 2007 +/-(%) Q4 2007 Q 3 +/-(%) Q4 2007 Q 3 +/-(%)
2007 2007 2007
£m £m £m £m £m £m £m £m
UK Insurance
Operations
Product Summary
Internal Vesting 369 343 8% - - - 369 343 8% 369 343 8%
annuities
Direct and 184 227 (19%) - - - 184 227 (19%) 184 227 (19%)
Partnership
Annuities
Intermediated 140 167 (16%) - - - 140 167 (16%) 140 167 (16%)
Annuities
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Individual 693 737 (6%) - - - 693 737 (6%) 693 737 (6%)
Annuities
Equity Release 48 41 17% - - - 48 41 17% 48 41 17%
Individual Pensions 11 9 22% - 1 - 11 10 10% 13 9 44%
Corporate Pensions 162 14 1,057% 26 16 63% 188 30 527% 354 87 307%
Unit Linked Bonds 43 62 (31%) - - - 43 62 (31%) 43 62 (31%)
With-Profit Bonds 114 69 65% - - - 114 69 65% 114 69 65%
Protection - - - 2 1 100% 2 1 100% 6 6 0%
Offshore Products 129 100 29% 1 1 0% 130 101 29% 135 105 29%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 1,200 1,032 16% 29 19 53% 1,229 1,051 17% 1,406 1,116 26%
Retirement
Corporate Pensions 30 58 (48%) 29 26 12% 59 84 (30%) 135 155 (13%)
Other Products 47 43 9% 5 7 (29%) 52 50 4% 70 61 15%
DWP Rebates 14 - - - - - 14 - - 14 - -
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Mature Life 91 101 (10%) 34 33 3% 125 134 (7%) 219 216 1%
and Pensions
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Retail 1,291 1,133 14% 63 52 21% 1,354 1,185 14% 1,625 1,332 22%
Wholesale Annuities 1,754 7 24,957% - - - 1,754 7 24,957% 1,754 7 24,957%
Credit Life 4 2 100% - - - 4 2 100% 4 2 100%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 3,049 1,142 167% 63 52 21% 3,112 1,194 161% 3,383 1,341 152%
Operations
Channel Summary
Direct and 648 586 11% 58 45 29% 706 631 12% 957 763 25%
Partnership
Intermediated 627 549 14% 5 7 (29%) 632 556 14% 651 571 14%
Wholesale 1,760 7 25,043% - - - 1,760 7 25,043% 1,760 7 25,043%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total 3,035 1,142 166% 63 52 21% 3,098 1,194 159% 3,368 1,341 151%
DWP Rebates 14 - - - - - 14 - - 14 - -
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total UK Insurance 3,049 1,142 167% 63 52 21% 3,112 1,194 161% 3,383 1,341 152%
Operations
US Insurance
Operations
Fixed Annuities 152 130 17% - - - 152 130 17% 152 130 17%
Fixed Index 104 122 (15%) - - - 104 122 (15%) 104 122 (15%)
Annuities
Variable Annuities 1,137 1,174 (3%) - - - 1,137 1,174 (3%) 1,137 1,174 (3%)
Life 2 2 0% 6 4 50% 8 6 33% 54 36 50%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Sub-Total Retail 1,395 1,428 (2%) 6 4 50% 1,401 1,432 (2%) 1,447 1,462 (1%)
Guaranteed 148 127 17% - - - 148 127 17% 148 127 17%
Investment Contracts
GIC - Medium Term (4) (4) 0% - - - (4) (4) 0% (4) (4) 0%
Note
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total US Insurance 1,539 1,551 (1%) 6 4 50% 1,545 1,555 (1%) 1,591 1,585 0%
Operations
Asian Insurance
Operations
China 17 36 (53%) 7 13 (46%) 24 49 (51%) 65 91 (29%)
Hong Kong 178 124 44% 35 28 25% 213 152 40% 424 279 52%
India 6 4 50% 53 43 23% 59 47 26% 219 169 30%
Indonesia 53 30 77% 38 28 36% 91 58 57% 192 124 55%
Japan 40 30 33% 6 5 20% 46 35 31% 66 51 29%
Korea 60 47 28% 61 67 (9%) 121 114 6% 284 375 (24%)
Malaysia 21 11 91% 29 17 71% 50 28 79% 186 100 86%
Singapore 168 119 41% 21 16 31% 189 135 40% 326 237 38%
Taiwan 33 36 (8%) 36 46 (22%) 69 82 (16%) 151 259 (42%)
Other 15 8 88% 22 12 83% 37 20 85% 78 45 73%
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Total Asian 591 445 33% 308 275 12% 899 720 25% 1,991 1,730 15%
Insurance Operations
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Group Total 5,179 3,138 65% 377 331 14% 5,556 3,469 60% 6,965 4,656 50%
INVESTMENT OPERATIONS
Market & Net
Opening Other Currency Movement Closing
FUM Gross Redemptions Net Movements Movements In FUM FUM
Inflows Inflows
£m £m £m £m £m £m £m £m
M&G Q4 2007 49,907 3,933 (2,568) 1,365 (123) 72 1,314 51,221
Q3 2007 48,624 3,293 (3,067) 226 (85) 1,142 1,283 49,907
+/-(%) 3% 19% 16% 504% (45%) (94%) 2% 3%
Asia Retail Mutual Q4 2007 15,120 10,842 (10,346) 496 (125) 786 1,157 16,277
Funds
Q3 2007 13,677 10,463 (9,757) 706 (21) 758 1,443 15,120
+/-(%) 11% 4% (6%) (30%) (495%) 4% (20%) 8%
Asia Third Party Q4 2007 980 167 (76) 91 - 45 136 1,116
Q3 2007 903 11 (5) 6 - 71 77 980
+/-(%) 9% 1,418% (1,420%) 1,417% - (37%) 77% 14%
US Retail Mutual Funds Q4 2007 32 27 (2) 25 - (2) 23 55
Q3 2007 18 14 (1) 13 - 1 14 32
+/-(%) 78% 93% (100%) 92% - (300%) 64% 72%
Total Investment Q4 2007 66,039 14,969 (12,992) 1,977 (248) 901 2,630 68,669
Products
Q3 2007 63,222 13,781 (12,830) 951 (106) 1,972 2,817 66,039
+/-(%) 4% 9% (1%) 108% (134%) (54%) (7%) 4%
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