J.Rothschild New BusinessFigs

ST. JAMES'S PLACE CAPITAL PLC 11 August 1999 J. Rothschild Assurance Group New Business Figures J. Rothschild Assurance Group, wholly owned by St. James's Place Capital plc, has announced its new business for the half year to 30 June 1999. The text of the announcement is attached. Enquiries: Mike Wilson, Chief Executive Tel: 0171 493 8111 Alison Hogan/Nitya Bolam Tel: 0171 404 5959 Brunswick J. ROTHSCHILD ASSURANCE GROUP ANNOUNCES NEW BUSINESS FROM THE J. ROTHSCHILD PARTNERSHIP UP 10% * Sales through the Group's sole UK marketing arm, The J. Rothschild Partnership for the six months to 30 June 1999 were New Regular Premiums Life £11.4m +19% Pension £16.1m -5% New Single Premiums Life £213.1m +16% Pension £45.3m +13% New Unit Trust Premiums £85.0m +17% (include PEPS and ISAs) Total New Business £61.8m +10% * The size of The J. Rothschild Partnership increased by 5% to 932 during the half year. On average, members of The J. Rothschild Partnership have 12 years' experience in financial services. * Total Group funds under management were £3.7bn an increase of 18% since the beginning of the year. Mike Wilson, Group Executive, commented. 'We are very pleased with the growth in new business from The J. Rothschild Partnership, particularly as the comparison is with a strong first half of 1998. Second quarter new business from the Partnership was the highest for any quarter in the Company's history.' J. ROTHSCHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR SIX MONTHS ENDED 30 JUNE 1999 ANALYSIS OF BUSINESS BY DISTRIBUTION CHANNEL ============================================ Unaudited Unaudited 1999 1998 % change £'M £'M ======== ======== ======== The J. Rothschild Partnership ============================= Life and Pension Business ========================= New Regular Premiums Life 11.4 9.6 +19% Pension 16.1 17.0 -5% ======== ======== 27.5 26.6 +3% ======== ======== New Single Premiums Life 213.1 183.4 +16% Pension 45.3 40.2 +13% ======== ======== 258.4 223.6 +16% ======== ======== Unit Trust Business (including PEPs and ISAs) ============================================ New Single Premiums 85.0 72.7 +17% ======== ======== Total New Business 61.8 56.2 +10% ================== ======== ======== International Distribution ========================== Total New Business 1.1 1.6 ======== ======== Miscellaneous Distribution ========================== Total New Business 0.2 1.0 ======== ======== J. ROTHSCHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR SIX MONTHS ENDED 30 JUNE 1999 TOTAL GROUP BUSINESS ==================== Unaudited Unaudited 1999 1998 % change £'M £'M ======== ======== ======== Life and Pension Business ========================= New Regular Premiums Life 12.5 11.1 +13% Pension 16.1 17.0 -5% ======== ======== 28.6 28.1 +2% ======== ======== New Single Premiums Life 214.2 186.1 +15% Pension 45.3 40.2 +13% ======== ======== 259.5 226.3 +15% ======== ======== Unit Trust Business (including PEPS and ISAs) ============================================= New Single Premiums 85.7 80.5 +6% ======== ======== Total New Business ================== Life 33.9 29.7 +14% Pension 20.6 21.0 -2% Unit Trust 8.6 8.1 +6% ======== ======== 63.1 58.8 +7% ======== ======== J. ROTHSHILD ASSURANCE GROUP NEW BUSINESS FIGURES FOR SIX MONTHS ENDED 30 JUNE 1999 Notes to Editors ================ 1. St. James's Place Capital plc, which is listed on the London Stock Exchange, is the ultimate holding company of the companies comprising the J.Rothschild Assurance Group. 2. 'Total New Business' is calculated following the convention in the life assurance industry, by adding together new regular premiums and one-tenth of single premiums. 3. 'International distribution' last year represented less than 3% of total Group Premiums. During the current year J. Rothschild International has withdrawn from certain territories. This is ahead of a relaunch next year under Paul Bradshaw concentrating on Europe. 4. 'Miscellaneous distribution' represents business which comes to the group from sources other than The J. Rothschild Partnership or its international business.

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