TIDMPRU
RNS Number : 4754B
Prudential PLC
28 October 2009
?
Schedule 1A - Actual Exchange Rates
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | UK | | US | | |Asia (1a) | | Total |
| | | | (1a) | | | | | |
+----------------------+--------------------------+-------+-------+--------+--------+-----------+-----------+--------------------------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Insurance | 3,695 | 5,730 | (36%) | 6,242 | 5,214 | 20% | 1,350 | 1,988 | (32%) | | 11,287 | 12,932 | (13%) |
| Products | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Investment | 18,441 | 12,114 | 52% | 6 | 32 | (81%) | 52,668 | 34,412 | 53% | | 71,115 | 46,558 | 53% |
| Products Gross | | | | | | | | | | | | | |
| Inflows (2) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 22,136 | 17,844 | 24% | 6,248 | 5,246 | 19% | 54,018 | 36,400 | 48% | | 82,402 | 59,490 | 39% |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
INSURANCE OPERATIONS
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | |Single | | |Regular | | | Total | | | Annual |
| | | | | | | | | | | | Equivalents |
| | | | | | | | | | | | (3) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+------------------------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Product Summary | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Internal Vesting | 1,023 | 1,129 | (9%) | - | - | - | 1,023 | 1,129 | (9%) | | 102 | 113 | (10%) |
| annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Direct and | 424 | 550 | (23%) | - | - | - | 424 | 550 | (23%) | | 42 | 55 | (24%) |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Intermediated | 196 | 401 | (51%) | - | - | - | 196 | 401 | (51%) | | 20 | 40 | (50%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Individual | 1,643 | 2,080 | (21%) | - | - | - | 1,643 | 2,080 | (21%) | | 164 | 208 | (21%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Income Drawdown | 70 | 54 | 30% | - | - | - | 70 | 54 | 30% | | 7 | 5 | 40% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Equity Release | 84 | 188 | (55%) | - | - | - | 84 | 188 | (55%) | | 8 | 19 | (58%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Individual Pensions | 145 | 52 | 179% | 5 | 2 | 150% | 150 | 54 | 178% | | 20 | 7 | 186% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Corporate Pensions | 55 | 154 | (64%) | 61 | 64 | (5%) | 116 | 218 | (47%) | | 67 | 79 | (15%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Unit Linked Bonds | 83 | 88 | (6%) | - | - | - | 83 | 88 | (6%) | | 8 | 9 | (11%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| With-Profit Bonds | 969 | 651 | 49% | - | - | - | 969 | 651 | 49% | | 97 | 65 | 49% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Protection | - | - | - | 12 | 4 | 200% | 12 | 4 | 200% | | 12 | 4 | 200% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Offshore Products | 207 | 447 | (54%) | 3 | 3 | 0% | 210 | 450 | (53%) | | 24 | 48 | (50%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Pru Health (11) | - | - | - | 9 | 14 | (36%) | 9 | 14 | (36%) | | 9 | 14 | (36%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Retail | 3,256 | 3,714 | (12%) | 90 | 87 | 3% | 3,346 | 3,801 | (12%) | | 416 | 458 | (9%) |
| Retirement | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Corporate Pensions | 88 | 227 | (61%) | 80 | 88 | (9%) | 168 | 315 | (47%) | | 89 | 111 | (20%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Other Products | 59 | 113 | (48%) | 13 | 17 | (24%) | 72 | 130 | (45%) | | 19 | 28 | (32%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 8 | 10 | (20%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Mature Life | 227 | 443 | (49%) | 93 | 105 | (11%) | 320 | 548 | (42%) | | 116 | 149 | (22%) |
| and Pensions | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Retail | 3,483 | 4,157 | (16%) | 183 | 192 | (5%) | 3,666 | 4,349 | (16%) | | 531 | 608 | (13%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Wholesale Annuities | 12 | 1,370 | (99%) | - | - | - | 12 | 1,370 | (99%) | | 1 | 137 | (99%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Credit Life | 17 | 11 | 55% | - | - | - | 17 | 11 | 55% | | 2 | 1 | 100% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 534 | 746 | (28%) |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Channel Summary | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Direct and | 1,347 | 1,729 | (22%) | 149 | 161 | (7%) | 1,496 | 1,890 | (21%) | | 284 | 334 | (15%) |
| Partnership | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Intermediated | 2,056 | 2,326 | (12%) | 34 | 31 | 10% | 2,090 | 2,357 | (11%) | | 240 | 264 | (9%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Wholesale | 29 | 1,380 | (98%) | - | - | - | 29 | 1,380 | (98%) | | 3 | 138 | (98%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Sub-Total | 3,432 | 5,435 | (37%) | 183 | 192 | (5%) | 3,615 | 5,627 | (36%) | | 526 | 736 | (29%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 8 | 10 | (20%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 534 | 746 | (28%) |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Fixed Annuities | 841 | 1,141 | (26%) | - | - | - | 841 | 1,141 | (26%) | | 84 | 114 | (26%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Fixed Index | 1,055 | 317 | 233% | - | - | - | 1,055 | 317 | 233% | | 106 | 32 | 231% |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Variable Annuities | 4,321 | 2,596 | 66% | - | - | - | 4,321 | 2,596 | 66% | | 432 | 260 | 66% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Life | 7 | 6 | 17% | 18 | 18 | 0% | 25 | 24 | 4% | | 19 | 19 | 0% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Sub-Total Retail | 6,224 | 4,060 | 53% | 18 | 18 | 0% | 6,242 | 4,078 | 53% | | 640 | 424 | 51% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Guaranteed | - | 815 | - | - | - | - | - | 815 | - | | - | 82 | - |
| Investment Contracts | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| GIC - Medium Term | - | 321 | - | - | - | - | - | 321 | - | | - | 32 | - |
| Note | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total US Insurance | 6,224 | 5,196 | 20% | 18 | 18 | 0% | 6,242 | 5,214 | 20% | | 640 | 538 | 19% |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| China (9) | 58 | 47 | 23% | 28 | 23 | 22% | 86 | 70 | 23% | | 34 | 28 | 21% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Hong Kong | 64 | 460 | (86%) | 144 | 113 | 27% | 208 | 573 | (64%) | | 150 | 159 | (6%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| India (6) | 37 | 53 | (30%) | 112 | 168 | (33%) | 149 | 221 | (33%) | | 116 | 173 | (33%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Indonesia | 24 | 85 | (72%) | 124 | 121 | 2% | 148 | 206 | (28%) | | 126 | 130 | (3%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Japan | 50 | 94 | (47%) | 35 | 24 | 46% | 85 | 118 | (28%) | | 40 | 33 | 21% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Korea | 28 | 63 | (56%) | 93 | 176 | (47%) | 121 | 239 | (49%) | | 96 | 182 | (47%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Malaysia | 50 | 22 | 127% | 79 | 64 | 23% | 129 | 86 | 50% | | 84 | 66 | 27% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Singapore | 162 | 306 | (47%) | 64 | 56 | 14% | 226 | 362 | (38%) | | 80 | 87 | (8%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Taiwan | 70 | 33 | 112% | 70 | 26 | 169% | 140 | 59 | 137% | | 77 | 29 | 166% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Other (4) | 17 | 14 | 21% | 41 | 40 | 3% | 58 | 54 | 7% | | 43 | 41 | 5% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Asian | 560 | 1,177 | (52%) | 790 | 811 | (3%) | 1,350 | 1,988 | (32%) | | 846 | 929 | (9%) |
| Insurance Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Group Total | 10,296 | 11,911 | (14%) | 991 | 1,021 | (3%) | 11,287 | 12,932 | (13%) | | 2,020 | 2,212 | (9%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
Schedule 1B - Constant Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - NINE MONTHS 2009
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | UK | | US | | |Asia (1b) | | Total |
| | | | (1b) | | | | | |
+----------------------+--------------------------+-------+-------+--------+--------+-----------+-----------+--------------------------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Insurance | 3,695 | 5,730 | (36%) | 6,242 | 6,579 | (5%) | 1,350 | 2,343 | (42%) | | 11,287 | 14,652 | (23%) |
| Products | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Investment | 18,441 | 12,114 | 52% | 6 | 40 | (85%) | 52,668 | 37,744 | 40% | | 71,115 | 49,898 | 43% |
| Products Gross | | | | | | | | | | | | | |
| Inflows (2) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 22,136 | 17,844 | 24% | 6,248 | 6,619 | (6%) | 54,018 | 40,087 | 35% | | 82,402 | 64,550 | 28% |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
INSURANCE OPERATIONS
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | |Single | | |Regular | | | Total | | | Annual |
| | | | | | | | | | | | Equivalents |
| | | | | | | | | | | | (3) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+------------------------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Product Summary | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Internal Vesting | 1,023 | 1,129 | (9%) | - | - | - | 1,023 | 1,129 | (9%) | | 102 | 113 | (10%) |
| annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Direct and | 424 | 550 | (23%) | - | - | - | 424 | 550 | (23%) | | 42 | 55 | (24%) |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Intermediated | 196 | 401 | (51%) | - | - | - | 196 | 401 | (51%) | | 20 | 40 | |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Individual | 1,643 | 2,080 | (21%) | - | - | - | 1,643 | 2,080 | (21%) | | 164 | 208 | (21%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Income Drawdown | 70 | 54 | 30% | - | - | - | 70 | 54 | 30% | | 7 | 5 | 40% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Equity Release | 84 | 188 | (55%) | - | - | - | 84 | 188 | (55%) | | 8 | 19 | (58%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Individual Pensions | 145 | 52 | 179% | 5 | 2 | 150% | 150 | 54 | 178% | | 20 | 7 | 186% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Corporate Pensions | 55 | 154 | (64%) | 61 | 64 | (5%) | 116 | 218 | (47%) | | 67 | 79 | (15%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Unit Linked Bonds | 83 | 88 | (6%) | - | - | - | 83 | 88 | (6%) | | 8 | 9 | (11%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| With-Profit Bonds | 969 | 651 | 49% | - | - | - | 969 | 651 | 49% | | 97 | 65 | 49% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Protection | - | - | - | 12 | 4 | 200% | 12 | 4 | 200% | | 12 | 4 | 200% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Offshore Products | 207 | 447 | (54%) | 3 | 3 | 0% | 210 | 450 | (53%) | | 24 | 48 | (50%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Pru Health (11) | - | - | - | 9 | 14 | (36%) | 9 | 14 | (36%) | | 9 | 14 | (36%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Retail | 3,256 | 3,714 | (12%) | 90 | 87 | 3% | 3,346 | 3,801 | (12%) | | 416 | 458 | (9%) |
| Retirement | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Corporate Pensions | 88 | 227 | (61%) | 80 | 88 | (9%) | 168 | 315 | (47%) | | 89 | 111 | (20%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Other Products | 59 | 113 | (48%) | 13 | 17 | (24%) | 72 | 130 | (45%) | | 19 | 28 | (32%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 8 | 10 | (20%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Mature Life | 227 | 443 | (49%) | 93 | 105 | (11%) | 320 | 548 | (42%) | | 116 | 149 | (22%) |
| and Pensions | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Retail | 3,483 | 4,157 | (16%) | 183 | 192 | (5%) | 3,666 | 4,349 | (16%) | | 531 | 608 | (13%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Wholesale Annuities | 12 | 1,370 | (99%) | - | - | - | 12 | 1,370 | (99%) | | 1 | 137 | (99%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Credit Life | 17 | 11 | 55% | - | - | - | 17 | 11 | 55% | | 2 | 1 | 100% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 534 | 746 | (28%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Channel Summary | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Direct and | 1,347 | 1,729 | (22%) | 149 | 161 | (7%) | 1,496 | 1,890 | (21%) | | 284 | 334 | (15%) |
| Partnership | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Intermediated | 2,056 | 2,326 | (12%) | 34 | 31 | 10% | 2,090 | 2,357 | (11%) | | 240 | 264 | (9%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Wholesale | 29 | 1,380 | (98%) | - | - | - | 29 | 1,380 | (98%) | | 3 | 138 | (98%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Sub-Total | 3,432 | 5,435 | (37%) | 183 | 192 | (5%) | 3,615 | 5,627 | (36%) | | 526 | 736 | (29%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 8 | 10 | (20%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 534 | 746 | (28%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1b) | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Fixed Annuities | 841 | 1,440 | (42%) | - | - | - | 841 | 1,440 | (42%) | | 84 | 144 | (42%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Fixed Index | 1,055 | 400 | 164% | - | - | - | 1,055 | 400 | 164% | | 106 | 40 | 165% |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Variable Annuities | 4,321 | 3,276 | 32% | - | - | - | 4,321 | 3,276 | 32% | | 432 | 328 | 32% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Life | 7 | 7 | 0% | 18 | 22 | (18%) | 25 | 29 | (14%) | | 19 | 23 | (17%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Sub-Total Retail | 6,224 | 5,123 | 21% | 18 | 22 | (18%) | 6,242 | 5,145 | 21% | | 640 | 534 | 20% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Guaranteed | - | 1,029 | - | - | - | - | - | 1,029 | - | | - | 103 | - |
| Investment | | | | | | | | | | | | | |
| Contracts | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| GIC - Medium Term | - | 405 | - | - | - | - | - | 405 | - | | - | 41 | - |
| Note | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total US Insurance | 6,224 | 6,557 | (5%) | 18 | 22 | (18%) | 6,242 | 6,579 | (5%) | | 640 | 678 | (6%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1b) | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| China (9) | 58 | 61 | (5%) | 28 | 29 | (3%) | 86 | 90 | (4%) | | 34 | 35 | (3%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Hong Kong | 64 | 584 | (89%) | 144 | 143 | 1% | 208 | 727 | (71%) | | 150 | 201 | (25%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| India (6) | 37 | 57 | (35%) | 112 | 180 | (38%) | 149 | 237 | (37%) | | 116 | 186 | (38%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Indonesia | 24 | 93 | (74%) | 124 | 133 | (7%) | 148 | 226 | (35%) | | 126 | 142 | (11%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Japan | 50 | 133 | (62%) | 35 | 33 | 6% | 85 | 166 | (49%) | | 40 | 46 | (13%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Korea | 28 | 62 | (55%) | 93 | 172 | (46%) | 121 | 234 | (48%) | | 96 | 178 | (46%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Malaysia | 50 | 26 | 92% | 79 | 74 | 7% | 129 | 100 | 29% | | 84 | 77 | 9% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Singapore | 162 | 365 | (56%) | 64 | 67 | (4%) | 226 | 432 | (48%) | | 80 | 104 | (23%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Taiwan | 70 | 38 | 84% | 70 | 30 | 133% | 140 | 68 | 106% | | 77 | 34 | 126% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Other (4) | 17 | 16 | 6% | 41 | 47 | (13%) | 58 | 63 | (8%) | | 43 | 49 | (12%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Total Asian | 560 | 1,435 | (61%) | 790 | 908 | (13%) | 1,350 | 2,343 | (42%) | | 846 | 1,052 | (20%) |
| Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
| Group Total | 10,296 | 13,530 | (24%) | 991 | 1,122 | (12%) | 11,287 | 14,652 | (23%) | | 2,020 | 2,475 | (18%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+-------+-------+--------+
Schedule 2A - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - NINE MONTHS 2009
INVESTMENT OPERATIONS
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | Market | Net | | |
| | | | | | | | | & | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | Opening | | | | | Other | Currency | Movement | | Closing |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | | Inflows | | Inflows | | | FUM | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| 2009 | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | M&G | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | 19,142 | | 9,766 | (4,040) | 5,726 | (626) | 4,262 | 9,362 | | 28,504 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Institutional (5) | 27,855 | | 8,675 | (3,264) | 5,411 | (105) | 4,570 | 9,876 | | 37,731 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total M&G | 46,997 | | 18,441 | (7,304) | 11,137 | (731) | 8,832 | 19,238 | | 66,235 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Asia | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | 1,567 | | 466 | (707) | (241) | 91 | 272 | 122 | | 1,689 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | 1,156 | | 753 | (627) | 126 | - | 297 | 423 | | 1,579 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | 1,878 | | 439 | (590) | (151) | (389) | 440 | (100) | | 1,778 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Japan | 3,211 | | 677 | (593) | 84 | - | 782 | 866 | | 4,077 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 2,758 | | 1,384 | (1,076) | 308 | (1) | 304 | 611 | | 3,369 |
| | Operations (10) | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian | 10,570 | | 3,719 | (3,593) | 126 | (299) | 2,095 | 1,922 | | 12,492 |
| | Equity/Bond/Other | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | MMF | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | 1,562 | | 44,310 | (42,665) | 1,645 | (113) | (61) | 1,471 | | 3,033 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | 1,421 | | 1,729 | (1,798) | (69) | - | (110) | (179) | | 1,242 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | 474 | | 2,181 | (2,069) | 112 | (41) | 2 | 73 | | 547 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 416 | | 690 | (614) | 76 | - | (33) | 43 | | 459 |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian MMF | 3,873 | | 48,910 | (47,146) | 1,764 | (154) | (202) | 1,408 | | 5,281 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asia Retail | 14,443 | | 52,629 | (50,739) | 1,890 | (453) | 1,893 | 3,330 | | 17,773 |
| | Mutual Funds | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Third Party | 789 | | 39 | (38) | 1 | - | 218 | 219 | | 1,008 |
| | Institutional | | | | | | | | | | |
| | Mandates | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian | 15,232 | | 52,668 | (50,777) | 1,891 | (453) | 2,111 | 3,549 | | 18,781 |
| | Investment | | | | | | | | | | |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | US | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | 50 | | 6 | (67) | (61) | 2 | 9 | (50) | | - |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total US | 50 | | 6 | (67) | (61) | 2 | 9 | (50) | | - |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Investment | 62,279 | | 71,115 | (58,148) | 12,967 | (1,182) | 10,952 | 22,737 | | 85,016 |
| | Products | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | Market | Net | | |
| | | | | | | | | & | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | Opening | | | | | Other | Currency | Movement | | Closing |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | | Inflows | | Inflows | | | FUM | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| 2008 | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | M&G | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | 22,320 | | 6,448 | (5,040) | 1,408 | - | (3,993) | (2,585) | | 19,735 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Institutional (5) | 28,901 | | 5,666 | (2,932) | 2,734 | (19) | (1,357) | 1,358 | | 30,259 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total M&G | 51,221 | | 12,114 | (7,972) | 4,142 | (19) | (5,350) | (1,227) | | 49,994 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Asia | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | 2,225 | | 942 | (827) | 115 | (66) | (569) | (520) | | 1,705 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | 1,476 | | 805 | (701) | 104 | - | (353) | (249) | | 1,227 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | 2,946 | | 1,057 | (893) | 164 | (180) | (915) | (931) | | 2,015 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Japan | 4,313 | | 916 | (654) | 262 | - | (1,289) | (1,027) | | 3,286 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 2,537 | | 1,260 | (771) | 489 | (12) | (437) | 40 | | 2,577 |
| | Operations (10) | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asia | 13,497 | | 4,980 | (3,846) | 1,134 | (258) | (3,563) | (2,687) | | 10,810 |
| | Equity/Bond/Other | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | MMF | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | 1,416 | | 24,483 | (24,755) | (272) | (13) | 23 | (262) | | 1,154 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | 632 | | 2,713 | (2,603) | 110 | - | 98 | 208 | | 840 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | 480 | | 1,450 | (1,453) | (3) | (22) | (44) | (69) | | 411 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 252 | | 546 | (455) | 91 | - | 36 | 127 | | 379 |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian MMF | 2,780 | | 29,192 | (29,266) | (74) | (35) | 113 | 4 | | 2,784 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asia Retail | 16,277 | | 34,172 | (33,112) | 1,060 | (293) | (3,450) | (2,683) | | 13,594 |
| | Mutual Funds | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Third Party | 1,116 | | 240 | (348) | (108) | - | (253) | (361) | | 755 |
| | Institutional | | | | | | | | | | |
| | Mandates | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian | 17,393 | | 34,412 | (33,460) | 952 | (293) | (3,703) | (3,044) | | 14,349 |
| | Investment | | | | | | | | | | |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | US | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | 55 | | 32 | (24) | 8 | 2 | (7) | 3 | | 58 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total US | 55 | | 32 | (24) | 8 | 2 | (7) | 3 | | 58 |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Investment | 68,669 | | 46,558 | (41,456) | 5,102 | (310) | (9,060) | (4,268) | | 64,401 |
| | Products | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | Market | Net | | |
| | | | | | | | | & | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | Opening | | | | | Other | Currency | Movement | | Closing |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | | Inflows | | Inflows | | | FUM | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| 2009 Movement Relative | % | | % | % | % | % | % | % | | % |
| to 2008 | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | M&G | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | (14%) | | 51% | 20% | 307% | - | 207% | 462% | | 44% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Institutional (5) | (4%) | | 53% | (11%) | 98% | (453%) | 437% | 627% | | 25% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total M&G | (8%) | | 52% | 8% | 169% | (3,747%) | 265% | 1,668% | | 32% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Asia | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | (30%) | | (51%) | 15% | (310%) | 238% | 148% | 123% | | (1%) |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | (22%) | | (6%) | 11% | 21% | - | 184% | 270% | | 29% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | (36%) | | (58%) | 34% | (192%) | (116%) | 148% | 89% | | (12%) |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Japan | (26%) | | (26%) | 9% | (68%) | - | 161% | 184% | | 24% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 9% | | 10% | (40%) | (37%) | 92% | 170% | 1,428% | | 31% |
| | Operations (10) | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asia | (22%) | | (25%) | 7% | (89%) | (16%) | 159% | 172% | | 16% |
| | Equity/Bond/Other | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | MMF | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | India | 10% | | 81% | (72%) | 705% | (769%) | (365%) | 661% | | 163% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Taiwan | 125% | | (36%) | 31% | (163%) | - | (212%) | (186%) | | 48% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Korea | (1%) | | 50% | (42%) | 3,833% | (86%) | 105% | 206% | | 33% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Other Mutual Fund | 65% | | 26% | (35%) | (16%) | - | (192%) | (66%) | | 21% |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian MMF | 39% | | 68% | (61%) | 2,484% | (340%) | (279%) | 35,100% | | 90% |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian Retail | (11%) | | 54% | (53%) | 78% | (55%) | 155% | 224% | | 31% |
| | Mutual Funds | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Third Party | (29%) | | (84%) | 89% | 101% | - | 186% | 161% | | 34% |
| | Institutional | | | | | | | | | | |
| | Mandates | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Asian | (12%) | | 53% | (52%) | 99% | (55%) | 157% | 217% | | 31% |
| | Investment | | | | | | | | | | |
| | Operations | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | US | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Retail | (9%) | | (81%) | (179%) | (863%) | 0% | 229% | (1,767%) | | - |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total US | (9%) | | (81%) | (179%) | (863%) | 0% | 229% | (1,767%) | | - |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Total Investment | (9%) | | 53% | (40%) | 154% | (281%) | 221% | 633% | | 32% |
| | Products | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | 2009 | 2008 | | |
| | | | | | | | Q3 | Q3 | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| US | | | | | | | YTD | YTD | | +/- |
| | | | | | | | | | | (%) |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | GBPm | GBPm | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Curian Capital | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| External Funds Under | | | | | | | 2,041 | 1,790 | | 14% |
| Administration | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | |
+---+---------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
Schedule 2B - Constant Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - NINE MONTHS 2009
INVESTMENT OPERATIONS
+---+---------------------+---------+---------+---+----+----+----+----+----+----+----+------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | Opening | Closing | Variance | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | Gross | Redemptions | Net | | | FUM | FUM | % | |
| | | Inflows | | Inflows | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| 2009 | GBPm | GBPm | GBPm | | | GBPm | GBPm | | |
+-------------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | M&G | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | 9,766 | (4,040) | 5,726 | | | 19,142 | 28,504 | 49% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Institutional (5) | 8,675 | (3,264) | 5,411 | | | 27,855 | 37,731 | 35% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total M&G | 18,441 | (7,304) | 11,137 | | | 46,997 | 66,235 | 41% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Asia | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | 466 | (707) | (241) | | | 1,427 | 1,689 | 18% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | 753 | (627) | 126 | | | 1,063 | 1,579 | 49% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | 439 | (590) | (151) | | | 1,804 | 1,778 | (1%) | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Japan | 677 | (593) | 84 | | | 2,922 | 4,077 | 40% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | 1,384 | (1,076) | 308 | | | 2,492 | 3,369 | 35% | |
| | Operations (10) | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian | 3,719 | (3,593) | 126 | | | 9,708 | 12,492 | 29% | |
| | Equity/Bond/Other | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | MMF | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | 44,310 | (42,665) | 1,645 | | | 1,422 | 3,033 | 113% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | 1,729 | (1,798) | (69) | | | 1,306 | 1,242 | (5%) | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | 2,181 | (2,069) | 112 | | | 455 | 547 | 20% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | 690 | (614) | 76 | | | 377 | 459 | 22% | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian MMF | 48,910 | (47,146) | 1,764 | | | 3,560 | 5,281 | 48% | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asia Retail | 52,629 | (50,739) | 1,890 | | | 13,268 | 17,773 | 34% | |
| | Mutual Funds | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Third Party | 39 | (38) | 1 | | | 720 | 1,008 | 40% | |
| | Institutional | | | | | | | | | |
| | Mandates | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian | 52,668 | (50,777) | 1,891 | | | 13,988 | 18,781 | 34% | |
| | Investment | | | | | | | | | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | US | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | 6 | (67) | (61) | | | 45 | - | (100%) | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total US | 6 | (67) | (61) | | | 45 | - | (100%) | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Investment | 71,115 | (58,148) | 12,967 | | | 61,030 | 85,016 | 39% | |
| | Products | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | Gross | Redemptions | Net | | | | | | |
| | | Inflows | | Inflows | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| 2008 | GBPm | GBPm | GBPm | | | | | | |
+-------------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | M&G | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | 6,448 | (5,040) | 1,408 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Institutional (5) | 5,666 | (2,932) | 2,734 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total M&G | 12,114 | (7,972) | 4,142 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Asia | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | 1,013 | (890) | 123 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | 949 | (826) | 123 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | 1,032 | (873) | 159 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Japan | 1,289 | (920) | 369 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | 1,590 | (954) | 636 | | | | | | |
| | Operations (10) | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asia | 5,873 | (4,463) | 1,410 | | | | | | |
| | Equity/Bond/Other | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | MMF | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | 26,334 | (26,627) | (293) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | 3,196 | (3,066) | 130 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | 1,416 | (1,420) | (4) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | 638 | (532) | 106 | | | | | | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian MMF | 31,584 | (31,645) | (61) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asia Retail | 37,457 | (36,108) | 1,349 | | | | | | |
| | Mutual Funds | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Third Party | 287 | (427) | (140) | | | | | | |
| | Institutional | | | | | | | | | |
| | Mandates | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian | 37,744 | (36,535) | 1,209 | | | | | | |
| | Investment | | | | | | | | | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | US | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | 40 | (30) | 10 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total US | 40 | (30) | 10 | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Investment | 49,898 | (44,537) | 5,361 | | | | | | |
| | Products | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | Gross | Redemptions | Net | | | | | | |
| | | Inflows | | Inflows | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| 2009 Movement Relative | % | % | % | | | | | | |
| to 2008 | | | | | | | | | |
+-------------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | M&G | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | 51% | 20% | 307% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Institutional (5) | 53% | (11%) | 98% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total M&G | 52% | 8% | 169% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Asia | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | (54%) | 21% | (296%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | (21%) | 24% | 2% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | (57%) | 32% | (195%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Japan | (47%) | 36% | (77%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | (13%) | (13%) | (52%) | | | | | | |
| | Operations (10) | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asia | (37%) | 19% | (91%) | | | | | | |
| | Equity/Bond/Other | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | MMF | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | India | 68% | (60%) | 661% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Taiwan | (46%) | 41% | (153%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Korea | 54% | (46%) | 2,900% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Other Mutual Fund | 8% | (15%) | (28%) | | | | | | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian MMF | 55% | (49%) | 2,992% | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian Retail | 41% | (41%) | 40% | | | | | | |
| | Mutual Funds | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Third Party | (86%) | 91% | 101% | | | | | | |
| | Institutional | | | | | | | | | |
| | Mandates | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Asian | 40% | (39%) | 56% | | | | | | |
| | Investment | | | | | | | | | |
| | Operations | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | US | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Retail | (85%) | (123%) | (710%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total US | (85%) | (123%) | (710%) | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | Total Investment | 43% | (31%) | 142% | | | | | | |
| | Products | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | |
+---+---------------------+---------+-------------+---------+---------+---------+-----------+---------+----------+--+
| | | | | | | | | | | | | |
+---+---------------------+---------+---------+---+----+---------+---------+---------+------+---------+----------+--+
| | | | | | | 2009 Q3 | 2008 | | |
| | | | | | | | Q3 | | |
+-------------------------+---------+---------+--------+--------------+---------+-----------+---------+----------+--+
| US (7) | | | | | | YTD | YTD | +/- | |
| | | | | | | | | (%) | |
+-------------------------+---------+---------+--------+--------------+---------+-----------+---------+----------+--+
| | | | | | | GBPm | GBPm | | |
+-------------------------+---------+---------+--------+--------------+---------+-----------+---------+----------+--+
| Curian Capital | | | | | | | | | |
+-------------------------+---------+---------+--------+--------------+---------+-----------+---------+----------+--+
| External Funds Under | | | | | | 2,041 | 1,995 | 2% | |
| Administration | | | | | | | | | |
+-------------------------+---------+---------+--------+--------------+---------+-----------+---------+----------+--+
| | | | | | | | | | |
+---+---------------------+---------+---------+---+----+----+----+----+----+----+----+------+---------+----------+--+
Schedule 3 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 3 2009 VERSUS QUARTER 3 2008
INSURANCE OPERATIONS
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | Single | | | Regular | | | Total | | | Annual Equivalents |
| | | | | | | | | | | | (3) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+----------------------+
| | Q3 | Q3 | +/-(%) | Q3 | Q3 | +/-(%) | Q3 | Q3 | +/-(%) | | Q3 | Q3 | +/-(%) |
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| UK Insurance Operations | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Product Summary | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Internal Vesting annuities | 297 | 408 | (27%) | - | - | - | 297 | 408 | (27%) | | 30 | 41 | (27%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Direct and Partnership Annuities | 151 | 177 | (15%) | - | - | - | 151 | 177 | (15%) | | 15 | 18 | (17%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Intermediated Annuities | 56 | 116 | (52%) | - | - | - | 56 | 116 | (52%) | | 6 | 12 | (50%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total Individual Annuities | 504 | 701 | (28%) | - | - | - | 504 | 701 | (28%) | | 50 | 70 | (29%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Income Drawdown | 24 | 24 | 0% | - | - | - | 24 | 24 | 0% | | 2 | 2 | 0% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Equity Release | 30 | 71 | (58%) | - | - | - | 30 | 71 | (58%) | | 3 | 7 | (57%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Individual Pensions | 47 | 20 | 135% | 2 | 1 | 100% | 49 | 21 | 133% | | 7 | 3 | 133% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Corporate Pensions | 8 | 60 | (87%) | 17 | 26 | (35%) | 25 | 86 | (71%) | | 18 | 32 | (44%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Unit Linked Bonds | 34 | 21 | 62% | - | - | - | 34 | 21 | 62% | | 3 | 2 | 50% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| With-Profit Bonds | 285 | 233 | 22% | - | - | - | 285 | 233 | 22% | | 29 | 23 | 26% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Protection | - | - | - | 5 | 1 | 400% | 5 | 1 | 400% | | 5 | 1 | 400% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Offshore Products | 80 | 126 | (37%) | 1 | 1 | 0% | 81 | 127 | (36%) | | 9 | 14 | (36%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Pru Health (11) | - | - | - | 3 | 6 | (50%) | 3 | 6 | (50%) | | 3 | 6 | (50%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total Retail Retirement | 1,012 | 1,256 | (19%) | 28 | 35 | (20%) | 1,040 | 1,291 | (19%) | | 129 | 161 | (20%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Corporate Pensions | 20 | 54 | (63%) | 21 | 26 | (19%) | 41 | 80 | (49%) | | 23 | 31 | (26%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Other Products | 20 | 36 | (44%) | 3 | 6 | (50%) | 23 | 42 | (45%) | | 5 | 10 | (50%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total Mature Life and Pensions | 40 | 90 | (56%) | 24 | 32 | (25%) | 64 | 122 | (48%) | | 28 | 41 | (32%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total Retail | 1,052 | 1,346 | (22%) | 52 | 67 | (22%) | 1,104 | 1,413 | (22%) | | 157 | 202 | (22%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Wholesale Annuities | 4 | 1,063 | (100%) | - | - | - | 4 | 1,063 | (100%) | | - | 106 | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Credit Life | 5 | 4 | 25% | - | - | - | 5 | 4 | 25% | | 1 | - | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total UK Insurance Operations | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 158 | 308 | (49%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Channel Summary | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Direct and Partnership | 398 | 582 | (32%) | 41 | 55 | (25%) | 439 | 637 | (31%) | | 81 | 113 | (28%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Intermediated | 654 | 764 | (14%) | 11 | 12 | (8%) | 665 | 776 | (14%) | | 76 | 88 | (14%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Wholesale | 9 | 1,067 | (99%) | - | - | - | 9 | 1,067 | (99%) | | 1 | 107 | (99%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Sub-Total | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 158 | 308 | (49%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total UK Insurance Operations | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 158 | 308 | (49%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| US Insurance Operations (1b)(8) | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Fixed Annuities | 140 | 506 | (72%) | - | - | - | 140 | 506 | (72%) | | 14 | 51 | (73%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Fixed Index Annuities | 480 | 121 | 297% | - | - | - | 480 | 121 | 297% | | 48 | 12 | 300% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Variable Annuities | 1,804 | 799 | 126% | - | - | - | 1,804 | 799 | 126% | | 180 | 80 | 125% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Life | 2 | 2 | 0% | 6 | 7 | (14%) | 8 | 9 | (11%) | | 6 | 7 | (14%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Sub-Total Retail | 2,426 | 1,428 | 70% | 6 | 7 | (14%) | 2,432 | 1,435 | 69% | | 249 | 150 | 66% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Guaranteed Investment Contracts | - | 310 | - | - | - | - | - | 310 | - | | - | 31 | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| GIC - Medium Term Note | - | 5 | - | - | - | - | - | 5 | - | | - | 1 | - |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total US Insurance Operations | 2,426 | 1,743 | 39% | 6 | 7 | (14%) | 2,432 | 1,750 | 39% | | 249 | 181 | 38% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Asian Insurance Operations (1b)(8) | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| China (9) | | | 15 | 12 | 25% | 11 | 8 | 38% | 26 | 20 | 30% | | 13 | 9 | 44% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Hong Kong | | | 33 | 114 | (71%) | 52 | 35 | 49% | 85 | 149 | (43%) | | 55 | 46 | 20% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| India (6) | | | 5 | 13 | (62%) | 39 | 46 | (15%) | 44 | 59 | (25%) | | 40 | 47 | (15%) |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Indonesia | | | 11 | 17 | (35%) | 42 | 40 | 5% | 53 | 57 | (7%) | | 43 | 42 | 2% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Japan | | | 12 | 26 | (54%) | 10 | 3 | 233% | 22 | 29 | (24%) | | 11 | 6 | 83% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Korea | | | 8 | 13 | (38%) | 29 | 58 | (50%) | 37 | 71 | (48%) | | 30 | 59 | (49%) |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Malaysia | | | 17 | 8 | 113% | 30 | 26 | 15% | 47 | 34 | 38% | | 32 | 27 | 19% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Singapore | | | 47 | 30 | 57% | 24 | 19 | 26% | 71 | 49 | 45% | | 29 | 22 | 32% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Taiwan | | | 38 | 9 | 322% | 22 | 10 | 120% | 60 | 19 | 216% | | 26 | 11 | 136% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Other (4) | | | 9 | 4 | 125% | 14 | 11 | 27% | 23 | 15 | 53% | | 15 | 11 | 36% |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Total Asian Insurance Operations | 195 | 246 | (21%) | 273 | 256 | 7% | 468 | 502 | (7%) | | 293 | 281 | 4% |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| Group Total | 3,682 | 4,402 | (16%) | 331 | 330 | 0% | 4,013 | 4,732 | (15%) | | 700 | 770 | (9%) |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+-------------------------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
| | | | | | | | | | | | | | |
+----------------------+----------+---+-------+--------+--------+------+---------+--------+-------+-------+--------+---+------+------+--------+
INVESTMENT OPERATIONS
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | | | | | | | Market | Net | | | |
| | | | | | | | & | | | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Opening | | | | | Other | Currency | Movement | | Closing | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM | |
| | | | Inflows | | Inflows | | | FUM | | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| M&G (5) | Q3 | 55,921 | | 5,810 | (3,298) | 2,512 | (113) | 7,915 | 10,314 | | 66,235 | |
| | 2009 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Q3 | 51,699 | | 4,623 | (2,918) | 1,705 | - | (3,410) | (1,705) | | 49,994 | |
| | 2008 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | +/-(%) | 8% | | 26% | (13%) | 47% | - | 332% | 705% | | 32% | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| Asia Retail | Q3 | 15,518 | | 20,579 | (20,142) | 437 | (1) | 1,819 | 2,255 | | 17,773 | |
| Mutual Funds | 2009 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Q3 | 14,845 | | 11,552 | (12,213) | (661) | (23) | (567) | (1,251) | | 13,594 | |
| | 2008 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | +/-(%) | 5% | | 78% | (65%) | 166% | 96% | 421% | 280% | | 31% | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| Asia Third | Q3 | 859 | | 5 | (7) | (2) | - | 151 | 149 | | 1,008 | |
| Party | 2009 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Q3 | 841 | | 17 | (46) | (29) | - | (57) | (86) | | 755 | |
| | 2008 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | +/-(%) | 2% | | (71%) | 85% | 93% | - | 365% | 273% | | 34% | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| US Retail | Q3 | 38 | | - | (49) | (49) | 1 | 10 | (38) | | - | |
| Mutual Funds | 2009 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Q3 | 62 | | 5 | (9) | (4) | 1 | (1) | (4) | | 58 | |
| | 2008 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | +/-(%) | (39%) | | - | (444%) | (1,125%) | 0% | 1,100% | (850%) | | (100%) | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| Total | Q3 | 72,336 | | 26,394 | (23,496) | 2,898 | (113) | 9,895 | 12,680 | | 85,016 | |
| Investment | 2009 | | | | | | | | | | | |
| Products | | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | Q3 | 67,447 | | 16,197 | (15,186) | 1,011 | (22) | (4,035) | (3,046) | | 64,401 | |
| | 2008 | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | +/-(%) | 7% | | 63% | (55%) | 187% | (414%) | 345% | 516% | | 32% | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
| | | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+--+
Schedule 4 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 3 2009 VERSUS QUARTER 2 2009
INSURANCE OPERATIONS
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | |Single | | |Regular | | |Total | | | Annual |
| | | | | | | | | | | | Equivalents |
| | | | | | | | | | | | (3) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------------------------+
| | Q3 | Q 2 | +/-(%) | Q3 | Q2 | +/-(%) | Q3 | Q2 | +/-(%) | | Q3 | Q | +/-(%) |
| | 2009 | 2009 | | 2009 | 2009 | | 2009 | 2009 | | | 2009 | 2 2009 | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Product Summary | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Internal Vesting | 297 | 335 | (11%) | - | - | - | 297 | 335 | (11%) | | 30 | 34 | (12%) |
| annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Direct and | 151 | 144 | 5% | - | - | - | 151 | 144 | 5% | | 15 | 14 | 7% |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Intermediated | 56 | 81 | (31%) | - | - | - | 56 | 81 | (31%) | | 6 | 8 | (25%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total Individual | 504 | 560 | (10%) | - | - | - | 504 | 560 | (10%) | | 50 | 56 | (11%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Income Drawdown | 24 | 28 | (14%) | - | - | - | 24 | 28 | (14%) | | 2 | 3 | (33%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Equity Release | 30 | 29 | 3% | - | - | - | 30 | 29 | 3% | | 3 | 3 | 0% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Individual Pensions | 47 | 56 | (16%) | 2 | 2 | 0% | 49 | 58 | (16%) | | 7 | 8 | (13%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Corporate Pensions | 8 | 10 | (20%) | 17 | 24 | (29%) | 25 | 34 | (26%) | | 18 | 25 | (28%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Unit Linked Bonds | 34 | 25 | 36% | - | - | - | 34 | 25 | 36% | | 3 | 3 | 0% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| With-Profit Bonds | 285 | 384 | (26%) | - | - | - | 285 | 384 | (26%) | | 29 | 38 | (24%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Protection | - | - | - | 5 | 4 | 25% | 5 | 4 | 25% | | 5 | 4 | 25% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Offshore Products | 80 | 68 | 18% | 1 | 1 | 0% | 81 | 69 | 17% | | 9 | 8 | 13% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Pru Health (11) | - | - | - | 3 | 4 | (25%) | 3 | 4 | (25%) | | 3 | 4 | (25%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total Retail | 1,012 | 1,160 | (13%) | 28 | 35 | (20%) | 1,040 | 1,195 | (13%) | | 129 | 151 | (15%) |
| Retirement | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Corporate Pensions | 20 | 42 | (52%) | 21 | 33 | (36%) | 41 | 75 | (45%) | | 23 | 37 | (38%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Other Products | 20 | 20 | 0% | 3 | 5 | (40%) | 23 | 25 | (8%) | | 5 | 7 | (29%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total Mature Life | 40 | 62 | (35%) | 24 | 38 | (37%) | 64 | 100 | (36%) | | 28 | 44 | (36%) |
| and Pensions | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total Retail | 1,052 | 1,222 | (14%) | 52 | 73 | (29%) | 1,104 | 1,295 | (15%) | | 157 | 195 | (19%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Wholesale Annuities | 4 | 7 | (43%) | - | - | - | 4 | 7 | (43%) | | - | 1 | - |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Credit Life | 5 | 7 | (29%) | - | - | - | 5 | 7 | (29%) | | 1 | 1 | 0% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total UK Insurance | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 158 | 197 | (20%) |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Channel Summary | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Direct and | 398 | 451 | (12%) | 41 | 59 | (31%) | 439 | 510 | (14%) | | 81 | 104 | (22%) |
| Partnership | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Intermediated | 654 | 771 | (15%) | 11 | 14 | (21%) | 665 | 785 | (15%) | | 76 | 91 | (16%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Wholesale | 9 | 14 | (36%) | - | - | - | 9 | 14 | (36%) | | 1 | 1 | 0% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Sub-Total | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 158 | 197 | (20%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total UK Insurance | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 158 | 197 | (20%) |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Fixed Annuities | 140 | 218 | (36%) | - | - | - | 140 | 218 | (36%) | | 14 | 22 | (36%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Fixed Index | 480 | 328 | 46% | - | - | - | 480 | 328 | 46% | | 48 | 33 | 45% |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Variable Annuities | 1,804 | 1,466 | 23% | - | - | - | 1,804 | 1,466 | 23% | | 180 | 147 | 22% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Life | 2 | 3 | (33%) | 6 | 6 | 0% | 8 | 9 | (11%) | | 6 | 6 | 0% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Sub-Total Retail | 2,426 | 2,015 | 20% | 6 | 6 | 0% | 2,432 | 2,021 | 20% | | 249 | 208 | 20% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Guaranteed | - | - | - | - | - | - | - | - | - | | - | - | - |
| Investment | | | | | | | | | | | | | |
| Contracts | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| GIC - Medium Term | - | - | - | - | - | - | - | - | - | | - | - | - |
| Note | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total US Insurance | 2,426 | 2,015 | 20% | 6 | 6 | 0% | 2,432 | 2,021 | 20% | | 249 | 208 | 20% |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| China (9) | 15 | 16 | (6%) | 11 | 9 | 22% | 26 | 25 | 4% | | 13 | 11 | 18% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Hong Kong | 33 | 22 | 50% | 52 | 47 | 11% | 85 | 69 | 23% | | 55 | 49 | 12% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| India (6) | 5 | 9 | (44%) | 39 | 19 | 105% | 44 | 28 | 57% | | 40 | 20 | 100% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Indonesia | 11 | 7 | 57% | 42 | 45 | (7%) | 53 | 52 | 2% | | 43 | 46 | (7%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Japan | 12 | 22 | (45%) | 10 | 10 | 0% | 22 | 32 | (31%) | | 11 | 12 | (8%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Korea | 8 | 11 | (27%) | 29 | 28 | 4% | 37 | 39 | (5%) | | 30 | 29 | 3% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Malaysia | 17 | 28 | (39%) | 30 | 26 | 15% | 47 | 54 | (13%) | | 32 | 29 | 10% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Singapore | 47 | 86 | (45%) | 24 | 21 | 14% | 71 | 107 | (34%) | | 29 | 30 | (3%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Taiwan | 38 | 13 | 192% | 22 | 19 | 16% | 60 | 32 | 88% | | 26 | 20 | 30% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Other (4) | 9 | 5 | 80% | 14 | 14 | 0% | 23 | 19 | 21% | | 15 | 15 | 0% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Total Asian | 195 | 219 | (11%) | 273 | 238 | 15% | 468 | 457 | 2% | | 293 | 260 | 13% |
| Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| Group Total | 3,682 | 3,470 | 6% | 331 | 317 | 4% | 4,013 | 3,787 | 6% | | 700 | 664 | 5% |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------+--------+--------+
INVESTMENT OPERATIONS
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | Market | Net | | |
| | | | | | | | & | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Opening | | | | | Other | Currency | Movement | | Closing |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | Inflows | | Inflows | | | FUM | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| M&G (5) | Q3 | 55,921 | | 5,810 | (3,298) | 2,512 | (113) | 7,915 | 10,314 | | 66,235 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 46,536 | | 8,223 | (2,141) | 6,082 | 35 | 3,268 | 9,385 | | 55,921 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 20% | | (29%) | (54%) | (59%) | (423%) | 142% | 10% | | 18% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Asia Retail | Q3 | 15,518 | | 20,579 | (20,142) | 437 | (1) | 1,819 | 2,255 | | 17,773 |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 14,324 | | 17,331 | (16,062) | 1,269 | (442) | 367 | 1,194 | | 15,518 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 8% | | 19% | (25%) | (66%) | 100% | 396% | 89% | | 15% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Asia Third | Q3 | 859 | | 5 | (7) | (2) | - | 151 | 149 | | 1,008 |
| Party | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 799 | | 10 | (8) | 2 | - | 58 | 60 | | 859 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 8% | | (50%) | 13% | (200%) | - | 160% | 148% | | 17% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| US Retail | Q3 | 38 | | - | (49) | (49) | 1 | 10 | (38) | | - |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 44 | | 3 | (12) | (9) | - | 3 | (6) | | 38 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | (14%) | | - | (308%) | (444%) | - | 233% | (533%) | | - |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Total | Q3 | 72,336 | | 26,394 | (23,496) | 2,898 | (113) | 9,895 | 12,680 | | 85,016 |
| Investment | 2009 | | | | | | | | | | |
| Products | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 61,703 | | 25,567 | (18,223) | 7,344 | (407) | 3,696 | 10,633 | | 72,336 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 17% | | 3% | (29%) | (61%) | 72% | 168% | 19% | | 18% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
Schedule 5 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - NINE MONTHS 2009
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | UK | | US | | | Asia | | Total |
| | | | (1a) | | | (1a) | | |
+----------------------+--------------------------+-------+-------+--------+--------+--------+-----------+--------------------------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Insurance | 3,695 | 5,730 | (36%) | 6,242 | 5,214 | 20% | 1,350 | 1,988 | (32%) | | 11,287 | 12,932 | (13%) |
| Products | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Investment | 18,441 | 12,114 | 52% | 6 | 32 | (81%) | 52,668 | 34,412 | 53% | | 71,115 | 46,558 | 53% |
| Products Gross | | | | | | | | | | | | | |
| Inflows (2) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | 22,136 | 17,844 | 24% | 6,248 | 5,246 | 19% | 54,018 | 36,400 | 48% | | 82,402 | 59,490 | 39% |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+--------+--------+--+--------+--------+--------+
INSURANCE OPERATIONS
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | |Single | | |Regular | | | Total | | | PVNBP |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------------------------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Product Summary | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Internal Vesting | 1,023 | 1,129 | (9%) | - | - | - | 1,023 | 1,129 | (9%) | | 1,023 | 1,129 | (9%) |
| annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Direct and | 424 | 550 | (23%) | - | - | - | 424 | 550 | (23%) | | 424 | 550 | (23%) |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Intermediated | 196 | 401 | (51%) | - | - | - | 196 | 401 | (51%) | | 196 | 401 | (51%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Individual | 1,643 | 2,080 | (21%) | - | - | - | 1,643 | 2,080 | (21%) | | 1,643 | 2,080 | (21%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Income Drawdown | 70 | 54 | 30% | - | - | - | 70 | 54 | 30% | | 70 | 54 | 30% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Equity Release | 84 | 188 | (55%) | - | - | - | 84 | 188 | (55%) | | 84 | 188 | (55%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Individual Pensions | 145 | 52 | 179% | 5 | 2 | 150% | 150 | 54 | 178% | | 159 | 57 | 179% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Corporate Pensions | 55 | 154 | (64%) | 61 | 64 | (5%) | 116 | 218 | (47%) | | 386 | 455 | (15%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Unit Linked Bonds | 83 | 88 | (6%) | - | - | - | 83 | 88 | (6%) | | 83 | 88 | (6%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| With-Profit Bonds | 969 | 651 | 49% | - | - | - | 969 | 651 | 49% | | 969 | 651 | 49% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Protection | - | - | - | 12 | 4 | 200% | 12 | 4 | 200% | | 76 | 26 | 192% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Offshore Products | 207 | 447 | (54%) | 3 | 3 | 0% | 210 | 450 | (53%) | | 222 | 463 | (52%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Pru Health (11) | - | - | - | 9 | 14 | (36%) | 9 | 14 | (36%) | | 82 | 129 | (36%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Retail | 3,256 | 3,714 | (12%) | 90 | 87 | 3% | 3,346 | 3,801 | (12%) | | 3,774 | 4,191 | (10%) |
| Retirement | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Corporate Pensions | 88 | 227 | (61%) | 80 | 88 | (9%) | 168 | 315 | (47%) | | 385 | 521 | (26%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Other Products | 59 | 113 | (48%) | 13 | 17 | (24%) | 72 | 130 | (45%) | | 104 | 166 | (37%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 80 | 103 | (22%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Mature Life | 227 | 443 | (49%) | 93 | 105 | (11%) | 320 | 548 | (42%) | | 569 | 790 | (28%) |
| and Pensions | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Retail | 3,483 | 4,157 | (16%) | 183 | 192 | (5%) | 3,666 | 4,349 | (16%) | | 4,343 | 4,981 | (13%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Wholesale Annuities | 12 | 1,370 | (99%) | - | - | - | 12 | 1,370 | (99%) | | 12 | 1,370 | (99%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Credit Life | 17 | 11 | 55% | - | - | - | 17 | 11 | 55% | | 17 | 11 | 55% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 4,372 | 6,362 | (31%) |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Channel Summary | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Direct and | 1,347 | 1,729 | (22%) | 149 | 161 | (7%) | 1,496 | 1,890 | (21%) | | 2,008 | 2,381 | (16%) |
| Partnership | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Intermediated | 2,056 | 2,326 | (12%) | 34 | 31 | 10% | 2,090 | 2,357 | (11%) | | 2,255 | 2,497 | (10%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Wholesale | 29 | 1,380 | (98%) | - | - | - | 29 | 1,380 | (98%) | | 29 | 1,380 | (98%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Sub-Total | 3,432 | 5,435 | (37%) | 183 | 192 | (5%) | 3,615 | 5,627 | (36%) | | 4,292 | 6,258 | (31%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 80 | 103 | (22%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 4,372 | 6,362 | (31%) |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Fixed Annuities | 841 | 1,141 | (26%) | - | - | - | 841 | 1,141 | (26%) | | 841 | 1,141 | (26%) |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Fixed Index | 1,055 | 317 | 233% | - | - | - | 1,055 | 317 | 233% | | 1,055 | 317 | 233% |
| Annuities | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Variable Annuities | 4,321 | 2,596 | 66% | - | - | - | 4,321 | 2,596 | 66% | | 4,321 | 2,596 | 66% |
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Life | 7 | 6 | 17% | 18 | 18 | 0% | 25 | 24 | 4% | | 143 | 145 | (1%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Sub-Total Retail | 6,224 | 4,060 | 53% | 18 | 18 | 0% | 6,242 | 4,078 | 53% | | 6,360 | 4,199 | 51% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Guaranteed | - | 815 | - | - | - | - | - | 815 | - | | - | 815 | - |
| Investment Contracts | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| GIC - Medium Term | - | 321 | - | - | - | - | - | 321 | - | | - | 321 | - |
| Note | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total US Insurance | 6,224 | 5,196 | 20% | 18 | 18 | 0% | 6,242 | 5,214 | 20% | | 6,360 | 5,335 | 19% |
| Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| China (9) | 58 | 47 | 23% | 28 | 23 | 22% | 86 | 70 | 23% | | 193 | 164 | 18% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Hong Kong | 64 | 460 | (86%) | 144 | 113 | 27% | 208 | 573 | (64%) | | 931 | 1,162 | (20%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| India (6) | 37 | 53 | (30%) | 112 | 168 | (33%) | 149 | 221 | (33%) | | 409 | 606 | (33%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Indonesia | 24 | 85 | (72%) | 124 | 121 | 2% | 148 | 206 | (28%) | | 431 | 495 | (13%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Japan | 50 | 94 | (47%) | 35 | 24 | 46% | 85 | 118 | (28%) | | 212 | 205 | 3% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Korea | 28 | 63 | (56%) | 93 | 176 | (47%) | 121 | 239 | (49%) | | 454 | 877 | (48%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Malaysia | 50 | 22 | 127% | 79 | 64 | 23% | 129 | 86 | 50% | | 474 | 377 | 26% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Singapore | 162 | 306 | (47%) | 64 | 56 | 14% | 226 | 362 | (38%) | | 653 | 753 | (13%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Taiwan | 70 | 33 | 112% | 70 | 26 | 169% | 140 | 59 | 137% | | 291 | 121 | 140% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Other (4) | 17 | 14 | 21% | 41 | 40 | 3% | 58 | 54 | 7% | | 151 | 140 | 8% |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Asian | 560 | 1,177 | (52%) | 790 | 811 | (3%) | 1,350 | 1,988 | (32%) | | 4,199 | 4,900 | (14%) |
| Insurance Operations | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Group Total | 10,296 | 11,911 | (14%) | 991 | 1,021 | (3%) | 11,287 | 12,932 | (13%) | | 14,931 | 16,597 | (10%) |
+----------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
Schedule 6 - Constant Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - NINE MONTHS 2009
TOTAL INSURANCE AND INVESTMENT NEW BUSINESS
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | UK | | US | | |Asia (1a) | | Total |
| | | | (1a) | | | | | |
+----------------------+--------------------------+-------+-------+--------+--------+-----------+-----------+--------------------------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Insurance | 3,695 | 5,730 | (36%) | 6,242 | 6,579 | (5%) | 1,350 | 2,343 | (42%) | | 11,287 | 14,652 | (23%) |
| Products | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| Total Investment | 18,441 | 12,114 | 52% | 6 | 40 | (85%) | 52,668 | 37,744 | 40% | | 71,115 | 49,898 | 43% |
| Products Gross | | | | | | | | | | | | | |
| Inflows (2) | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | 22,136 | 17,844 | 24% | 6,248 | 6,619 | (6%) | 54,018 | 40,087 | 35% | | 82,402 | 64,550 | 28% |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+----------------------+--------+--------+--------+-------+-------+--------+--------+-----------+--------+--+--------+--------+--------+
INSURANCE OPERATIONS
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | |Single | | |Regular | | | Total | | | PVNBP |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------------------------+
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
| | Q3 | Q3 | | Q3 | Q3 | | Q3 | Q3 | | | Q3 | Q3 | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | YTD | YTD | +/-(%) | | YTD | YTD | +/-(%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Product Summary | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Internal Vesting | 1,023 | 1,129 | (9%) | - | - | - | 1,023 | 1,129 | (9%) | | 1,023 | 1,129 | (9%) |
| annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Direct and | 424 | 550 | (23%) | - | - | - | 424 | 550 | (23%) | | 424 | 550 | (23%) |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Intermediated | 196 | 401 | (51%) | - | - | - | 196 | 401 | (51%) | | 196 | 401 | (51%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Individual | 1,643 | 2,080 | (21%) | - | - | - | 1,643 | 2,080 | (21%) | | 1,643 | 2,080 | (21%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Income Drawdown | 70 | 54 | 30% | - | - | - | 70 | 54 | 30% | | 70 | 54 | 30% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Equity Release | 84 | 188 | (55%) | - | - | - | 84 | 188 | (55%) | | 84 | 188 | (55%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Individual Pensions | 145 | 52 | 179% | 5 | 2 | 150% | 150 | 54 | 178% | | 159 | 57 | 179% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Corporate Pensions | 55 | 154 | (64%) | 61 | 64 | (5%) | 116 | 218 | (47%) | | 386 | 455 | (15%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Unit Linked Bonds | 83 | 88 | (6%) | - | - | - | 83 | 88 | (6%) | | 83 | 88 | (6%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| With-Profit Bonds | 969 | 651 | 49% | - | - | - | 969 | 651 | 49% | | 969 | 651 | 49% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Protection | - | - | - | 12 | 4 | 200% | 12 | 4 | 200% | | 76 | 26 | 192% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Offshore Products | 207 | 447 | (54%) | 3 | 3 | 0% | 210 | 450 | (53%) | | 222 | 463 | (52%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Pru Health (11) | - | - | - | 9 | 14 | (36%) | 9 | 14 | (36%) | | 82 | 129 | (36%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Retail | 3,256 | 3,714 | (12%) | 90 | 87 | 3% | 3,346 | 3,801 | (12%) | | 3,774 | 4,191 | (10%) |
| Retirement | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Corporate Pensions | 88 | 227 | (61%) | 80 | 88 | (9%) | 168 | 315 | (47%) | | 385 | 521 | (26%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Other Products | 59 | 113 | (48%) | 13 | 17 | (24%) | 72 | 130 | (45%) | | 104 | 166 | (37%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 80 | 103 | (22%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Mature Life | 227 | 443 | (49%) | 93 | 105 | (11%) | 320 | 548 | (42%) | | 569 | 790 | (28%) |
| and Pensions | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Retail | 3,483 | 4,157 | (16%) | 183 | 192 | (5%) | 3,666 | 4,349 | (16%) | | 4,343 | 4,981 | (13%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Wholesale Annuities | 12 | 1,370 | (99%) | - | - | - | 12 | 1,370 | (99%) | | 12 | 1,370 | (99%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Credit Life | 17 | 11 | 55% | - | - | - | 17 | 11 | 55% | | 17 | 11 | 55% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 4,372 | 6,362 | (31%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Channel Summary | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Direct and | 1,347 | 1,729 | (22%) | 149 | 161 | (7%) | 1,496 | 1,890 | (21%) | | 2,008 | 2,381 | (16%) |
| Partnership | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Intermediated | 2,056 | 2,326 | (12%) | 34 | 31 | 10% | 2,090 | 2,357 | (11%) | | 2,255 | 2,497 | (10%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Wholesale | 29 | 1,380 | (98%) | - | - | - | 29 | 1,380 | (98%) | | 29 | 1,380 | (98%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Sub-Total | 3,432 | 5,435 | (37%) | 183 | 192 | (5%) | 3,615 | 5,627 | (36%) | | 4,292 | 6,258 | (31%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| DWP Rebates | 80 | 103 | (22%) | - | - | - | 80 | 103 | (22%) | | 80 | 103 | (22%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total UK Insurance | 3,512 | 5,538 | (37%) | 183 | 192 | (5%) | 3,695 | 5,730 | (36%) | | 4,372 | 6,362 | (31%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Fixed Annuities | 841 | 1,440 | (42%) | - | - | - | 841 | 1,440 | (42%) | | 841 | 1,440 | (42%) |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Fixed Index | 1,055 | 400 | 164% | - | - | - | 1,055 | 400 | 164% | | 1,055 | 400 | 164% |
| Annuities | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Variable Annuities | 4,321 | 3,276 | 32% | - | - | - | 4,321 | 3,276 | 32% | | 4,321 | 3,276 | 32% |
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Life | 7 | 7 | 0% | 18 | 22 | (18%) | 25 | 29 | (14%) | | 143 | 183 | (22%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Sub-Total Retail | 6,224 | 5,123 | 21% | 18 | 22 | (18%) | 6,242 | 5,145 | 21% | | 6,360 | 5,299 | 20% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Guaranteed | - | 1,029 | - | - | - | - | - | 1,029 | - | | - | 1,029 | - |
| Investment | | | | | | | | | | | | | |
| Contracts | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| GIC - Medium Term | - | 405 | - | - | - | - | - | 405 | - | | - | 405 | - |
| Note | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total US Insurance | 6,224 | 6,557 | (5%) | 18 | 22 | (18%) | 6,242 | 6,579 | (5%) | | 6,360 | 6,733 | (6%) |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1a) | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| China (9) | 58 | 61 | (5%) | 28 | 29 | (3%) | 86 | 90 | (4%) | | 193 | 211 | (9%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Hong Kong | 64 | 584 | (89%) | 144 | 143 | 1% | 208 | 727 | (71%) | | 931 | 1,475 | (37%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| India (6) | 37 | 57 | (35%) | 112 | 180 | (38%) | 149 | 237 | (37%) | | 409 | 651 | (37%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Indonesia | 24 | 93 | (74%) | 124 | 133 | (7%) | 148 | 226 | (35%) | | 431 | 543 | (21%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Japan | 50 | 133 | (62%) | 35 | 33 | 6% | 85 | 166 | (49%) | | 212 | 289 | (27%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Korea | 28 | 62 | (55%) | 93 | 172 | (46%) | 121 | 234 | (48%) | | 454 | 857 | (47%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Malaysia | 50 | 26 | 92% | 79 | 74 | 7% | 129 | 100 | 29% | | 474 | 435 | 9% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Singapore | 162 | 365 | (56%) | 64 | 67 | (4%) | 226 | 432 | (48%) | | 653 | 897 | (27%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Taiwan | 70 | 38 | 84% | 70 | 30 | 133% | 140 | 68 | 106% | | 291 | 142 | 105% |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Other (4) | 17 | 16 | 6% | 41 | 47 | (13%) | 58 | 63 | (8%) | | 151 | 163 | (7%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Total Asian | 560 | 1,435 | (61%) | 790 | 908 | (13%) | 1,350 | 2,343 | (42%) | | 4,199 | 5,663 | (26%) |
| Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
| Group Total | 10,296 | 13,530 | (24%) | 991 | 1,122 | (12%) | 11,287 | 14,652 | (23%) | | 14,931 | 18,758 | (20%) |
+---------------------+--------+--------+--------+------+---------+--------+--------+--------+--------+--+--------+--------+--------+
Schedule 7 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 3 2009 VERSUS QUARTER 3 2008
INSURANCE OPERATIONS
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | |Single | | |Regular | | |Total | | | PVNBP |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+------------------------+
| | Q3 | Q3 | +/-(%) | Q3 | Q3 | +/-(%) | Q3 | Q3 | +/-(%) | | Q3 | Q3 | +/-(%) |
| | 2009 | 2008 | | 2009 | 2008 | | 2009 | 2008 | | | 2009 | 2008 | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Product Summary | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Internal Vesting | 297 | 408 | (27%) | - | - | - | 297 | 408 | (27%) | | 297 | 408 | (27%) |
| annuities | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Direct and | 151 | 177 | (15%) | - | - | - | 151 | 177 | (15%) | | 151 | 177 | (15%) |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Intermediated | 56 | 116 | (52%) | - | - | - | 56 | 116 | (52%) | | 56 | 116 | (52%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total Individual | 504 | 701 | (28%) | - | - | - | 504 | 701 | (28%) | | 504 | 701 | (28%) |
| Annuities | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Income Drawdown | 24 | 24 | 0% | - | - | - | 24 | 24 | 0% | | 24 | 24 | 0% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Equity Release | 30 | 71 | (58%) | - | - | - | 30 | 71 | (58%) | | 30 | 71 | (58%) |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Individual Pensions | 47 | 20 | 135% | 2 | 1 | 100% | 49 | 21 | 133% | | 52 | 22 | 136% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Corporate Pensions | 8 | 60 | (87%) | 17 | 26 | (35%) | 25 | 86 | (71%) | | 100 | 175 | (43%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Unit Linked Bonds | 34 | 21 | 62% | - | - | - | 34 | 21 | 62% | | 34 | 21 | 62% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| With-Profit Bonds | 285 | 233 | 22% | - | - | - | 285 | 233 | 22% | | 285 | 233 | 22% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Protection | - | - | - | 5 | 1 | 400% | 5 | 1 | 400% | | 31 | 10 | 210% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Offshore Products | 80 | 126 | (37%) | 1 | 1 | 0% | 81 | 127 | (36%) | | 85 | 132 | (36%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Pru Health (11) | - | - | - | 3 | 6 | (50%) | 3 | 6 | (50%) | | 26 | 50 | (48%) |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total Retail | 1,012 | 1,256 | (19%) | 28 | 35 | (20%) | 1,040 | 1,291 | (19%) | | 1,171 | 1,439 | (19%) |
| Retirement | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Corporate Pensions | 20 | 54 | (63%) | 21 | 26 | (19%) | 41 | 80 | (49%) | | 100 | 145 | (31%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Other Products | 20 | 36 | (44%) | 3 | 6 | (50%) | 23 | 42 | (45%) | | 30 | 47 | (36%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total Mature Life | 40 | 90 | (56%) | 24 | 32 | (25%) | 64 | 122 | (48%) | | 130 | 192 | (32%) |
| and Pensions | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total Retail | 1,052 | 1,346 | (22%) | 52 | 67 | (22%) | 1,104 | 1,413 | (22%) | | 1,301 | 1,631 | (20%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Wholesale Annuities | 4 | 1,063 | (100%) | - | - | - | 4 | 1,063 | (100%) | | 4 | 1,063 | (100%) |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Credit Life | 5 | 4 | 25% | - | - | - | 5 | 4 | 25% | | 5 | 4 | 25% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total UK Insurance | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 1,310 | 2,698 | (51%) |
| Operations | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Channel Summary | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Direct and | 398 | 582 | (32%) | 41 | 55 | (25%) | 439 | 637 | (31%) | | 586 | 802 | (27%) |
| Partnership | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Intermediated | 654 | 764 | (14%) | 11 | 12 | (8%) | 665 | 776 | (14%) | | 715 | 828 | (14%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Wholesale | 9 | 1,067 | (99%) | - | - | - | 9 | 1,067 | (99%) | | 9 | 1,067 | (99%) |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Sub-Total | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 1,310 | 2,697 | (51%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total UK Insurance | 1,061 | 2,413 | (56%) | 52 | 67 | (22%) | 1,113 | 2,480 | (55%) | | 1,310 | 2,698 | (51%) |
| Operations | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Fixed Annuities | 140 | 506 | (72%) | - | - | - | 140 | 506 | (72%) | | 140 | 506 | (72%) |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Fixed Index | 480 | 121 | 297% | - | - | - | 480 | 121 | 297% | | 480 | 121 | 297% |
| Annuities | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Variable Annuities | 1,804 | 799 | 126% | - | - | - | 1,804 | 799 | 126% | | 1,804 | 799 | 126% |
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Life | 2 | 2 | 0% | 6 | 7 | (14%) | 8 | 9 | (11%) | | 47 | 57 | (18%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Sub-Total Retail | 2,426 | 1,428 | 70% | 6 | 7 | (14%) | 2,432 | 1,435 | 69% | | 2,471 | 1,483 | 67% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Guaranteed | - | 310 | - | - | - | - | - | 310 | - | | - | 310 | - |
| Investment Contracts | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| GIC - Medium Term | - | 5 | - | - | - | - | - | 5 | - | | - | 5 | - |
| Note | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total US Insurance | 2,426 | 1,743 | 39% | 6 | 7 | (14%) | 2,432 | 1,750 | 39% | | 2,471 | 1,798 | 37% |
| Operations | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| China (9) | 15 | 12 | 25% | 11 | 8 | 38% | 26 | 20 | 30% | | 68 | 53 | 28% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Hong Kong | 33 | 114 | (71%) | 52 | 35 | 49% | 85 | 149 | (43%) | | 349 | 328 | 6% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| India (6) | 5 | 13 | (62%) | 39 | 46 | (15%) | 44 | 59 | (25%) | | 137 | 156 | (12%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Indonesia | 11 | 17 | (35%) | 42 | 40 | 5% | 53 | 57 | (7%) | | 149 | 159 | (6%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Japan | 12 | 26 | (54%) | 10 | 3 | 233% | 22 | 29 | (24%) | | 57 | 42 | 36% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Korea | 8 | 13 | (38%) | 29 | 58 | (50%) | 37 | 71 | (48%) | | 140 | 283 | (51%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Malaysia | 17 | 8 | 113% | 30 | 26 | 15% | 47 | 34 | 38% | | 179 | 152 | 18% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Singapore | 47 | 30 | 57% | 24 | 19 | 26% | 71 | 49 | 45% | | 244 | 206 | 18% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Taiwan | 38 | 9 | 322% | 22 | 10 | 120% | 60 | 19 | 216% | | 113 | 43 | 163% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Other (4) | 9 | 4 | 125% | 14 | 11 | 27% | 23 | 15 | 53% | | 57 | 43 | 33% |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Total Asian | 195 | 246 | (21%) | 273 | 256 | 7% | 468 | 502 | (7%) | | 1,493 | 1,465 | 2% |
| Insurance Operations | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| Group Total | 3,682 | 4,402 | (16%) | 331 | 330 | 0% | 4,013 | 4,732 | (15%) | | 5,274 | 5,961 | (12%) |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
| | | | | | | | | | | | | | |
+----------------------+-------+--------+--------+------+---------+--------+-------+-------+--------+--+-------+-------+--------+
INVESTMENT OPERATIONS
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | | | | | | | Market | Net | | |
| | | | | | | | & | | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Opening | | | | | Other | Currency | Movement | | Closing |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | Inflows | | Inflows | | | FUM | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| M&G (5) | Q3 | 55,921 | | 5,810 | (3,298) | 2,512 | (113) | 7,915 | 10,314 | | 66,235 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Q3 | 51,699 | | 4,623 | (2,918) | 1,705 | - | (3,410) | (1,705) | | 49,994 |
| | 2008 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | +/-(%) | 8% | | 26% | (13%) | 47% | - | 332% | 705% | | 32% |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| Asia Retail | Q3 | 15,518 | | 20,579 | (20,142) | 437 | (1) | 1,819 | 2,255 | | 17,773 |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Q3 | 14,845 | | 11,552 | (12,213) | (661) | (23) | (567) | (1,251) | | 13,594 |
| | 2008 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | +/-(%) | 5% | | 78% | (65%) | 166% | 96% | 421% | 280% | | 31% |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| Asia Third | Q3 | 859 | | 5 | (7) | (2) | - | 151 | 149 | | 1,008 |
| Party | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Q3 | 841 | | 17 | (46) | (29) | - | (57) | (86) | | 755 |
| | 2008 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | +/-(%) | 2% | | (71%) | 85% | 93% | - | 365% | 273% | | 34% |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| US Retail | Q3 | 38 | | - | (49) | (49) | 1 | 10 | (38) | | - |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Q3 | 62 | | 5 | (9) | (4) | 1 | (1) | (4) | | 58 |
| | 2008 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | +/-(%) | (39%) | | - | (444%) | (1,125%) | 0% | 1,100% | (850%) | | (100%) |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| Total | Q3 | 72,336 | | 26,394 | (23,496) | 2,898 | (113) | 9,895 | 12,680 | | 85,016 |
| Investment | 2009 | | | | | | | | | | |
| Products | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | Q3 | 67,447 | | 16,197 | (15,186) | 1,011 | (22) | (4,035) | (3,046) | | 64,401 |
| | 2008 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | +/-(%) | 7% | | 63% | (55%) | 187% | (414%) | 345% | 516% | | 32% |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+----------+-----------+-----------+----------+--+---------+
Schedule 8 - Actual Exchange Rates
PRUDENTIAL PLC - NEW BUSINESS - QUARTER 3 2009 VERSUS QUARTER 2 2009
INSURANCE OPERATIONS
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | |Single | | |Regular | | | Total | | | PVNBP |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------------------------+
| | Q3 | Q 2 | +/-(%) | Q3 | Q 2 | +/-(%) | Q3 | Q | +/-(%) | | Q3 | Q | +/-(%) |
| | 2009 | 2009 | | 2009 | 2009 | | 2009 | 2 2009 | | | 2009 | 2 2009 | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | GBPm | GBPm | | GBPm | GBPm | | GBPm | GBPm | | | GBPm | GBPm | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| UK Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Product Summary | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Internal Vesting | 297 | 335 | (11%) | - | - | - | 297 | 335 | (11%) | | 297 | 335 | (11%) |
| annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Direct and | 151 | 144 | 5% | - | - | - | 151 | 144 | 5% | | 151 | 144 | 5% |
| Partnership | | | | | | | | | | | | | |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Intermediated | 56 | 81 | (31%) | - | - | - | 56 | 81 | (31%) | | 56 | 81 | (31%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total Individual | 504 | 560 | (10%) | - | - | - | 504 | 560 | (10%) | | 504 | 560 | (10%) |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Income Drawdown | 24 | 28 | (14%) | - | - | - | 24 | 28 | (14%) | | 24 | 28 | (14%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Equity Release | 30 | 29 | 3% | - | - | - | 30 | 29 | 3% | | 30 | 29 | 3% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Individual Pensions | 47 | 56 | (16%) | 2 | 2 | 0% | 49 | 58 | (16%) | | 52 | 61 | (15%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Corporate Pensions | 8 | 10 | (20%) | 17 | 24 | (29%) | 25 | 34 | (26%) | | 100 | 133 | (25%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Unit Linked Bonds | 34 | 25 | 36% | - | - | - | 34 | 25 | 36% | | 34 | 25 | 36% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| With-Profit Bonds | 285 | 384 | (26%) | - | - | - | 285 | 384 | (26%) | | 285 | 384 | (26%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Protection | - | - | - | 5 | 4 | 25% | 5 | 4 | 25% | | 31 | 27 | 15% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Offshore Products | 80 | 68 | 18% | 1 | 1 | 0% | 81 | 69 | 17% | | 85 | 73 | 16% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Pru Health (11) | - | - | - | 3 | 4 | (25%) | 3 | 4 | (25%) | | 26 | 38 | (32%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total Retail | 1,012 | 1,160 | (13%) | 28 | 35 | (20%) | 1,040 | 1,195 | (13%) | | 1,171 | 1,358 | (14%) |
| Retirement | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Corporate Pensions | 20 | 42 | (52%) | 21 | 33 | (36%) | 41 | 75 | (45%) | | 100 | 161 | (38%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Other Products | 20 | 20 | 0% | 3 | 5 | (40%) | 23 | 25 | (8%) | | 30 | 39 | (23%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total Mature Life | 40 | 62 | (35%) | 24 | 38 | (37%) | 64 | 100 | (36%) | | 130 | 200 | (35%) |
| and Pensions | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total Retail | 1,052 | 1,222 | (14%) | 52 | 73 | (29%) | 1,104 | 1,295 | (15%) | | 1,301 | 1,558 | (16%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Wholesale Annuities | 4 | 7 | (43%) | - | - | - | 4 | 7 | (43%) | | 4 | 7 | (43%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Credit Life | 5 | 7 | (29%) | - | - | - | 5 | 7 | (29%) | | 5 | 7 | (29%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total UK Insurance | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 1,310 | 1,572 | (17%) |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Channel Summary | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Direct and | 398 | 451 | (12%) | 41 | 59 | (31%) | 439 | 510 | (14%) | | 586 | 701 | (16%) |
| Partnership | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Intermediated | 654 | 771 | (15%) | 11 | 14 | (21%) | 665 | 785 | (15%) | | 715 | 857 | (17%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Wholesale | 9 | 14 | (36%) | - | - | - | 9 | 14 | (36%) | | 9 | 14 | (36%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Sub-Total | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 1,310 | 1,572 | (17%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| DWP Rebates | - | - | - | - | - | - | - | - | - | | - | - | - |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total UK Insurance | 1,061 | 1,236 | (14%) | 52 | 73 | (29%) | 1,113 | 1,309 | (15%) | | 1,310 | 1,572 | (17%) |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| US Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Fixed Annuities | 140 | 218 | (36%) | - | - | - | 140 | 218 | (36%) | | 140 | 218 | (36%) |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Fixed Index | 480 | 328 | 46% | - | - | - | 480 | 328 | 46% | | 480 | 328 | 46% |
| Annuities | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Variable Annuities | 1,804 | 1,466 | 23% | - | - | - | 1,804 | 1,466 | 23% | | 1,804 | 1,466 | 23% |
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Life | 2 | 3 | (33%) | 6 | 6 | 0% | 8 | 9 | (11%) | | 47 | 37 | 27% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Sub-Total Retail | 2,426 | 2,015 | 20% | 6 | 6 | 0% | 2,432 | 2,021 | 20% | | 2,471 | 2,049 | 21% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Guaranteed | - | - | - | - | - | - | - | - | - | | - | - | - |
| Investment | | | | | | | | | | | | | |
| Contracts | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| GIC - Medium Term | - | - | - | - | - | - | - | - | - | | - | - | - |
| Note | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total US Insurance | 2,426 | 2,015 | 20% | 6 | 6 | 0% | 2,432 | 2,021 | 20% | | 2,471 | 2,049 | 21% |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Asian Insurance | | | | | | | | | | | | | |
| Operations (1b)(8) | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| China (9) | 15 | 16 | (6%) | 11 | 9 | 22% | 26 | 25 | 4% | | 68 | 57 | 19% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Hong Kong | 33 | 22 | 50% | 52 | 47 | 11% | 85 | 69 | 23% | | 349 | 289 | 21% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| India (6) | 5 | 9 | (44%) | 39 | 19 | 105% | 44 | 28 | 57% | | 137 | 74 | 85% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Indonesia | 11 | 7 | 57% | 42 | 45 | (7%) | 53 | 52 | 2% | | 149 | 155 | (4%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Japan | 12 | 22 | (45%) | 10 | 10 | 0% | 22 | 32 | (31%) | | 57 | 73 | (22%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Korea | 8 | 11 | (27%) | 29 | 28 | 4% | 37 | 39 | (5%) | | 140 | 131 | 7% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Malaysia | 17 | 28 | (39%) | 30 | 26 | 15% | 47 | 54 | (13%) | | 179 | 166 | 8% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Singapore | 47 | 86 | (45%) | 24 | 21 | 14% | 71 | 107 | (34%) | | 244 | 257 | (5%) |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Taiwan | 38 | 13 | 192% | 22 | 19 | 16% | 60 | 32 | 88% | | 113 | 75 | 51% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Other (4) | 9 | 5 | 80% | 14 | 14 | 0% | 23 | 19 | 21% | | 57 | 50 | 14% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Total Asian | 195 | 219 | (11%) | 273 | 238 | 15% | 468 | 457 | 2% | | 1,493 | 1,327 | 13% |
| Insurance | | | | | | | | | | | | | |
| Operations | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| Group Total | 3,682 | 3,470 | 6% | 331 | 317 | 4% | 4,013 | 3,787 | 6% | | 5,274 | 4,948 | 7% |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
| | | | | | | | | | | | | | |
+---------------------+-------+--------+--------+------+---------+--------+-------+--------+--------+--+-------+--------+--------+
INVESTMENT OPERATIONS
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | Market | Net | | |
| | | | | | | | & | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Opening | | | | | Other | Currency | Movement | | Closing |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | FUM | | Gross | Redemptions | Net | Movements | Movements | In | | FUM |
| | | | Inflows | | Inflows | | | FUM | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | GBPm | | GBPm | GBPm | GBPm | GBPm | GBPm | GBPm | | GBPm |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | |
+-------------------------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| M&G (5) | Q3 | 55,921 | | 5,810 | (3,298) | 2,512 | (113) | 7,915 | 10,314 | | 66,235 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 46,536 | | 8,223 | (2,141) | 6,082 | 35 | 3,268 | 9,385 | | 55,921 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 20% | | (29%) | (54%) | (59%) | (423%) | 142% | 10% | | 18% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Asia Retail | Q3 | 15,518 | | 20,579 | (20,142) | 437 | (1) | 1,819 | 2,255 | | 17,773 |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 14,324 | | 17,331 | (16,062) | 1,269 | (442) | 367 | 1,194 | | 15,518 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 8% | | 19% | (25%) | (66%) | 100% | 396% | 89% | | 15% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Asia Third | Q3 | 859 | | 5 | (7) | (2) | - | 151 | 149 | | 1,008 |
| Party | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 799 | | 10 | (8) | 2 | - | 58 | 60 | | 859 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 8% | | (50%) | 13% | (200%) | - | 160% | 148% | | 17% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| US Retail | Q3 | 38 | | - | (49) | (49) | 1 | 10 | (38) | | - |
| Mutual Funds | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 44 | | 3 | (12) | (9) | - | 3 | (6) | | 38 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | (14%) | | - | (308%) | (444%) | - | 233% | (533%) | | - |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| Total | Q3 | 72,336 | | 26,394 | (23,496) | 2,898 | (113) | 9,895 | 12,680 | | 85,016 |
| Investment | 2009 | | | | | | | | | | |
| Products | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | Q2 | 61,703 | | 25,567 | (18,223) | 7,344 | (407) | 3,696 | 10,633 | | 72,336 |
| | 2009 | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | +/-(%) | 17% | | 3% | (29%) | (61%) | 72% | 168% | 19% | | 18% |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
| | | | | | | | | | | | |
+----------------+--------+---------+--+---------+-------------+---------+-----------+-----------+----------+--+---------+
Schedule 9 - Group Debt Securities at 30 September 2009
+----+-------------------------------------------------------------------------+
| 1. | IFRS balance sheet fair value |
| | |
+----+-------------------------------------------------------------------------+
The Group's investments in debt securities at 30 September 2009 excluding
holdings attributable to external unit holders are as follows:
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| | | | | | | |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| | | With-profit | Unit-linked | Other | | Total |
| | | | and | shareholder | | |
| | | | variable | backed | | |
| | | | annuity | business | | |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| | | (note | (note | (note | | |
| | | 1a) | 1a) | 1e) | | |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| | | GBPbn | GBPbn | GBPbn | | GBPbn |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| UK insurance operations | 40 | 4 | 19 | (Notes | 63 |
| | | | | 1b and | |
| | | | | 1c) | |
+-------------------------------------+-------------+-------------+-------------+----------+-------+
| Jackson National Life | - | - | 23 | (Notes | 23 |
| | | | | 1d and | |
| | | | | 3) | |
+-------------------------------------+-------------+-------------+-------------+----------+-------+
| Asia long-term business | 1 | 2 | 2 | | 5 |
+-------------------------------------+-------------+-------------+-------------+----------+-------+
| Other operations | | - | - | 1 | | 1 |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| Total | | 41 | 6 | 45 | | 92 |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
| | | | | | | |
+------------------------------+------+-------------+-------------+-------------+----------+-------+
+----+---------------------------------------------------------------------------+
| Notes |
| |
+--------------------------------------------------------------------------------+
| 1a | Shareholders are not directly exposed to value movements on assets |
| | backing with-profit, unit linked, and variable annuity business. |
+----+---------------------------------------------------------------------------+
| 1b | Of the GBP19bn of debt securities for UK annuity and other non-linked |
| | shareholder backed business 32% was rated AAA, 11% AA, 35% A, 18% BBB and |
| | 4% other. |
+----+---------------------------------------------------------------------------+
| 1c | For UK annuity business provision is made for possible future credit |
| | related losses. At 30 September 2009, a provision of GBP1.5bn was held. |
+----+---------------------------------------------------------------------------+
| 1d | Jackson debt securities comprise: |
+----+---------------------------------------------------------------------------+
+----------------------------------------+--------+---+-----+--+---------+---------+
| | | | | | 30 Sep | 30 Jun |
| | | | | | 2009 | 2009 |
+----------------------------------------+--------+---+-----+--+---------+---------+
| | | | | | GBPm | GBPm |
+----------------------------------------+--------+---+-----+--+---------+---------+
| Corporate securities (92% investment | | | | | 16,324 | 14,881 |
| grade) | | | | | | |
+----------------------------------------+--------+---+-----+--+---------+---------+
| Residential mortgage backed securities (62% government | 3,566 | 3,414 |
| agency; 22% for pre 2006/2007 vintages; GBP554m for | | |
| 2006/2007 vintages of which GBP371m is for the senior part | | |
| of the capital structure) | | |
+--------------------------------------------------------------+---------+---------+
| Commercial mortgage backed securities | | | | | 2,034 | 1,725 |
+----------------------------------------+--------+---+-----+--+---------+---------+
| CDO funds | | | | | 133 | 207 |
+----------------------------------------+--------+---+-----+--+---------+---------+
| Other debt securities | | | | | 826 | 669 |
+----------------------------------------+--------+---+-----+--+---------+---------+
| Total | | | | | 22,883 | 20,896 |
+----------------------------------------+--------+---+-----+--+---------+---------+
| | | | | | | |
+----------------------------------------+--------+---+-----+--+---------+---------+
+----+---------------------------------------------------------------------------+
| 1e | Included within the GBP45bn of debt securities for other |
| | shareholder-backed business is exposure to GBP172m of investments in Tier |
| | 1 and GBP999m in Tier 2 borrowings of UK Banks. |
+----+---------------------------------------------------------------------------+
+----+-----+--------------------------------------------------------------------------+
| 2 | Defaults, losses from sales of impaired and deteriorating bonds and |
| | write-downs for non-linked shareholder backed business |
| | |
+----+--------------------------------------------------------------------------------+
| | 2.1 | Jackson National Life |
| | | |
+----+-----+--------------------------------------------------------------------------+
| | In general, the debt securities of Jackson are purchased with the |
| | intention and the ability to hold them for the longer-term. |
| | The majority of Jackson's debt securities are classified as |
| | available-for-sale under IAS 39. Under this classification realised losses |
| | from defaults, sales of impaired and deteriorating bonds and write-downs are |
| | recorded in the income statement. Changes in unrealised appreciation and |
| | depreciation are recorded as a movement directly in shareholders' equity. |
| | |
| | Jackson continues to review its investments on a case-by-case basis to |
| | determine whether any decline in fair value represents an impairment and |
| | therefore requires an accounting write-down. IFRS requires available-for-sale |
| | debt securities which are impaired to be written down to fair value through |
| | the profit and loss account. |
| | In the first nine months of 2009, Jackson recorded GBP522 million (half year |
| | 2009: GBP366 million) of actual credit related losses which comprise the |
| | following: |
+----+-----+--------------------------------------------------------------------------+
+----------------------------------------+--------+-------+--------+----------+--------+
| | | | Nine | Movement | Six |
| | | | months | in | months |
| | | | to 30 | quarter | to 30 |
| | | | Sept | 3 | June |
| | | | 2009 | | 2009 |
+----------------------------------------+--------+-------+--------+----------+--------+
| | | | GBPm | GBPm | GBPm |
+----------------------------------------+--------+-------+--------+----------+--------+
| Corporate debt securities | | (80) | - | (80) |
+-------------------------------------------------+-------+--------+----------+--------+
| Residential mortgage-backed securities (RMBS) | | | | |
+-------------------------------------------------+-------+--------+----------+--------+
| Prime | | | (189) | (66) | (123) |
+----------------------------------------+--------+-------+--------+----------+--------+
| Alt-A | | | (163) | (65) | (98) |
+----------------------------------------+--------+-------+--------+----------+--------+
| Sub-prime | | | (23) | (5) | (18) |
+----------------------------------------+--------+-------+--------+----------+--------+
| Other | | | (25) | (20) | (5) |
+----------------------------------------+--------+-------+--------+----------+--------+
| Total bond write downs | | | (480) | (156) | (324) |
+----------------------------------------+--------+-------+--------+----------+--------+
| Defaults | | | - | - | - |
+----------------------------------------+--------+-------+--------+----------+--------+
| Losses on sale of impaired and deteriorating bonds | (42) | - | (42) |
| net of recoveries | | | |
+---------------------------------------------------------+--------+----------+--------+
| Total | | | (522) | (156) | (366) |
+----------------------------------------+--------+-------+--------+----------+--------+
| | | | | | |
+----------------------------------------+--------+-------+--------+----------+--------+
+----+-----+--------------------------------------------------------------------------+
| | 2.2 | Other shareholder backed business (excluding Jackson National Life) |
| | | |
+----+-----+--------------------------------------------------------------------------+
| | For the Group's operations, other than Jackson National Life, debt securities |
| | are accounted for on a fair value through P&L basis with all value movements |
| | recorded in the income statement. The defaults for the 3 months to 30 |
| | September 2009 (measured against market value) for other shareholder backed |
| | business excluding Jackson National Life were as follows: |
+----+-----+--------------------------------------------------------------------------+
+----------------------------------------+-------------+------------------+
| | | Defaults |
+----------------------------------------+-------------+------------------+
| | | GBPm |
+----------------------------------------+-------------+------------------+
| UK Insurance operations | | - |
+----------------------------------------+-------------+------------------+
| Asia long-term business | | - |
+----------------------------------------+-------------+------------------+
| Other operations | | - |
+----------------------------------------+-------------+------------------+
| Total | | - |
+----------------------------------------+-------------+------------------+
| | | |
+----------------------------------------+-------------+------------------+
+----+-----+---------------------------------------------------------------------------+
| 3. | Jackson National Life - securities in an unrealised loss position |
| | |
+----+---------------------------------------------------------------------------------+
| | For Jackson's securities classified as available-for-sale under IAS 39, at 30 |
| | September 2009 there was a net unrealised loss position of GBP173 million. |
| | This amount comprised GBP1,056 million of gross unrealised gains and GBP1,229 |
| | million of gross unrealised losses on individual securities. Under IFRS |
| | unrealised losses are only applicable for securities which have not been |
| | impaired during the period. Securities impaired during the period are written |
| | down to fair value through the profit and loss in full. Note 2.1 shows the |
| | element of write downs in 2009. Included within the gross unrealised losses is |
| | GBP839 million for securities which are valued at less than 80 per cent of |
| | book value, of which 43 per cent have been at this level for less than 6 |
| | months. |
| | IFRS requires securities to be carried at fair value, being the amount for |
| | which the security would be exchanged between knowledgeable, willing parties |
| | in an arm's length transaction. The best evidence of fair value is quoted |
| | prices in an active market, but if the market is not active then a valuation |
| | technique is used to establish fair value. |
| | |
+----+---------------------------------------------------------------------------------+
| | (a) | Movements in the values for the 3 months to 30 September 2009: |
| | | |
+----+-----+---------------------------------------------------------------------------+
| | Movements in the values of available-for-sale securities for the three months |
| | to 30 September 2009 are included in the table shown below: |
+----+-----+---------------------------------------------------------------------------+
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| | | Change reflected directly in |
| | | shareholders' equity |
+----------------------------+------------+-----------------------------------------------------------+
| | | 30 | Movement | Foreign | Quarter | 30 |
| | | September | in | exchange | 3 | June |
| | | 2009 | Quarter | translation* | including | 2009 |
| | | | 3 | | Foreign | |
| | | | | | exchange | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| | | GBPm | GBPm | GBPm | GBPm | GBPm |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Assets fair valued at | | | | | | |
| below book value | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Book value | | 7,631 | | | | 13,677 |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Unrealised loss | | (1,229) | 1,035 | (40) | 995 | (2,224) |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Fair value (as included in balance | 6,402 | | | | 11,453 |
| sheet) | | | | | |
+-----------------------------------------+-----------+----------+--------------+-----------+---------+
| Assets fair valued at or | | | | | | |
| above book value | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Book value | | 15,278 | | | | 8,870 |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Unrealised gain | | 1,056 | 602 | 28 | 630 | 426 |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Fair value (as included in the balance | 16,334 | | | | 9,296 |
| sheet) | | | | | |
+-----------------------------------------+-----------+----------+--------------+-----------+---------+
| Total | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Book value | | 22,909 | | | | 22,547 |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Net unrealised loss | | (173) | 1,637 | (12) | 1,625 | (1,798) |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| Fair value (as included in | | 22,736 | | | | 20,749 |
| balance sheet) | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
| | | | | | | |
+----------------------------+------------+-----------+----------+--------------+-----------+---------+
+---+-----+---------------------------------------------------------------------------+
| | (b) | Fair value of securities in an unrealised loss position as a percentage |
| | | of book value |
| | | |
+---+-----+---------------------------------------------------------------------------+
| | (i) | Fair value of securities as a percentage of book value |
| | | |
+---+-----+---------------------------------------------------------------------------+
| | The unrealised losses in the Jackson balance sheet on unimpaired securities |
| | are GBP1,229 million (HY09: GBP2,224 million) relating to assets with fair |
| | value and book value of GBP6,402 million (HY09: GBP11,453 million) and |
| | GBP7,631 million (HY09: GBP13,677 million) respectively. |
| | The following table shows the fair value of the securities in a gross |
| | unrealised loss position for various percentages of book value: |
+---+-----+---------------------------------------------------------------------------+
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| | | | | | |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| | | Fair | Unrealised | Fair | Unrealised |
| | | value | loss | value | loss |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| | | 30 Sep | 30 Sep | 30 Jun | 30 |
| | | 2009 | 2009 | 2009 | Jun |
| | | | | | 2009 |
+ +----------------------------------------+---------+------------+---------+------------+
| | | GBPm | GBPm | GBPm | GBPm |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| Between 90% and 100% | | 3,817 | (160) | 6,743 | (265) |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| Between 80% and 90% | | 1,370 | (230) | 2,487 | (428) |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| Below 80% | | 1,215 | (839) | 2,223 | (1,531) |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| | | 6,402 | (1,229) | 11,453 | (2,224) |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
| | | | | | |
+----------------------------------------+----------------------------------------+---------+------------+---------+------------+
+---+------+---------------------------------------------------------------------------+
| | (ii) | Fair value of sub-prime and Alt-A securities as a percentage of book |
| | | value |
| | | |
+---+------+---------------------------------------------------------------------------+
| | Included within the table above are amounts relating to sub-prime and Alt-A |
| | securities in a gross unrealised loss position for various percentages of book |
| | value of: |
+---+------+---------------------------------------------------------------------------+
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | | | | |
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | Fair | Unrealised | Fair | Unrealised |
| | | | value | loss | value | loss |
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | 30 Sep | 30 Sep | 30 Jun | 30 Jun |
| | | | 2009 | 2009 | 2009 | 2009 |
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | GBPm | GBPm | GBPm | GBPm |
+---------------------------+------+--------+--------+------------+--------+------------+
| Between 90% and 100% | | | 89 | (2) | 38 | (3) |
+---------------------------+------+--------+--------+------------+--------+------------+
| Between 80% and 90% | | | 156 | (29) | 93 | (18) |
+---------------------------+------+--------+--------+------------+--------+------------+
| Below 80% | | | 216 | (149) | 305 | (278) |
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | 461 | (180) | 436 | (299) |
+---------------------------+------+--------+--------+------------+--------+------------+
| | | | | | | |
+---------------------------+------+--------+--------+------------+--------+------------+
+---+-----+---------------------------------------------------------------------------+
| | (c) | Securities whose fair value were below 80 per cent of the book value |
| | | |
+---+-----+---------------------------------------------------------------------------+
| | As shown in the table above, GBP839 million (HY09: GBP1,531 million) of the |
| | GBP1,229 million (HY09: GBP2,224 million) of gross unrealised losses at 30 |
| | September 2009 related to securities whose fair value were below 80 per cent |
| | of the book value. The age analysis for this GBP839 million (HY09: GBP1,531 |
| | million), indicating the length of time for which their fair value was below |
| | 80 per cent of the book value, is as follows: |
+---+-----+---------------------------------------------------------------------------+
+---------------------------------+--------+--------+------------+--------+------------+
| | | | | | |
+---------------------------------+--------+--------+------------+--------+------------+
| | | Fair | Unrealised | Fair | Unrealised |
| | | value | loss | value | loss |
+---------------------------------+--------+--------+------------+--------+------------+
| | | 30 | 30 Sep | 30 Jun | 30 Jun |
| | | Sep | 2009 | 2009 | 2009 |
| | | 2009 | | | |
+---------------------------------+--------+--------+------------+--------+------------+
| | | GBPm | GBPm | GBPm | GBPm |
+---------------------------------+--------+--------+------------+--------+------------+
| Less than 3 months | | 63 | (26) | 767 | (561) |
+---------------------------------+--------+--------+------------+--------+------------+
| 3 months to 6 months | | 462 | (332) | 393 | (272) |
+---------------------------------+--------+--------+------------+--------+------------+
| More than 6 months | | 690 | (481) | 1,063 | (698) |
+---------------------------------+--------+--------+------------+--------+------------+
| | | 1,215 | (839) | 2,223 | (1,531) |
+---------------------------------+--------+--------+------------+--------+------------+
| | | | | | |
+---------------------------------+--------+--------+------------+--------+------------+
| | | | | | |
+---------------------------------+--------+--------+------------+--------+------------+
+---+-------------------------------------------------------------------------------+
| | For securities valued at less than 80 per cent of book value, 65 per cent are |
| | investment grade. The analysis by category of debt securities whose fair |
| | value were below 80 per cent of the book value is as follows: |
+---+-------------------------------------------------------------------------------+
+---------------------------------+------+---------+------------+---------+------------+
| | | Fair | Unrealised | Fair | Unrealised |
| | | value | loss | value | loss |
+---------------------------------+------+---------+------------+---------+------------+
| | | 30 Sep | 30 Sep | 30 Jun | 30 Jun |
| | | 2009 | 2009 | 2009 | 2009 |
+---------------------------------+------+---------+------------+---------+------------+
| | | GBPm | GBPm | GBPm | GBPm |
+---------------------------------+------+---------+------------+---------+------------+
| RMBS | | | | | |
+---------------------------------+------+---------+------------+---------+------------+
| Prime | | 387 | (240) | 404 | (364) |
+---------------------------------+------+---------+------------+---------+------------+
| Alt-A | | 111 | (61) | 187 | (154) |
+---------------------------------+------+---------+------------+---------+------------+
| Sub-prime | | 105 | (88) | 118 | (124) |
+---------------------------------+------+---------+------------+---------+------------+
| | | 603 | (389) | 709 | (642) |
+---------------------------------+------+---------+------------+---------+------------+
| Commercial mortgage backed | | 148 | (105) | 478 | (263) |
| securities | | | | | |
+---------------------------------+------+---------+------------+---------+------------+
| Other asset backed securities | | 239 | (237) | 256 | (302) |
+---------------------------------+------+---------+------------+---------+------------+
| Total structured securities | | 990 | (731) | 1,443 | (1,207) |
+---------------------------------+------+---------+------------+---------+------------+
| Corporates | | 225 | (108) | 780 | (324) |
+---------------------------------+------+---------+------------+---------+------------+
| | | 1,215 | (839) | 2,223 | (1,531) |
+---------------------------------+------+---------+------------+---------+------------+
| | | | | | |
+---------------------------------+------+---------+------------+---------+------------+
| | | | | | |
+---------------------------------+------+---------+------------+---------+------------+
+---+-------------------------------------------------------------------------------+
| * | Balance sheet items for Jackson National Life have been translated at the |
| | closing rate for the period, being $1.5994 at 30 September 2009. Jackson |
| | National Life income statement movements have been translated at the average |
| | exchange rate for the period, being $1.6404 for 3 months to 30 September |
| | 2009. |
+---+-------------------------------------------------------------------------------+
PRUDENTIAL PLC - NEW BUSINESS SCHEDULES
BASIS OF PREPARATION
The new business schedules are provided as an indicative volume measure of
transactions undertaken in the reporting period that have the potential to
generate profits for shareholders. The amounts shown are not, and not intended
to be, reflective of premium income recorded in the IFRS income statement.
The format of the schedules is consistent with the distinction between insurance
and investment products as applied for previous financial reporting periods.
Products categorised as "insurance" refer to those classified as contracts of
long-term insurance business for regulatory reporting purposes, i.e. falling
within one of the classes of insurance specified in part II of Schedule 1 to the
Regulated Activities Order under FSA regulations.
The details shown for insurance products include contributions for contracts
that are classified under IFRS 4 "Insurance Contracts" as not containing
significant insurance risk. These products are described as investment contracts
or other financial instruments under IFRS. Contracts included in this category
are primarily certain unit-linked and similar contracts written in UK Insurance
Operations, and Guaranteed Investment Contracts and similar funding agreements
written in US Operations.
New business premiums for regular premium products are shown on an annualised
basis. Department of Work and Pensions rebate business is classified as single
recurrent business. Internal vesting business is classified as new business
where the contracts include an open market option.
Investment products referred to in the tables for funds under management are
unit trusts, mutual funds and similar types of retail fund management
arrangements. These are unrelated to insurance products that are classified as
investment contracts under IFRS 4, as described in the preceding paragraph,
although similar IFRS recognition and measurement principles apply to the
acquisition costs and fees attaching to this type of business.
Notes to Schedules 1 - 8
+------+-------------------------------------------------------------------------------+
| (1a) | Insurance and investment new business for overseas operations has been |
| | calculated using average exchange rates. The applicable rate for Jackson is |
| | 1.54 (2008: 1.95). |
| | |
+------+-------------------------------------------------------------------------------+
| (1b) | Insurance and investment new business for overseas operations has been |
| | calculated using constant exchange rates. The applicable rate for Jackson is |
| | 1.54. |
| | |
+------+-------------------------------------------------------------------------------+
| (2) | Represents cash received from sale of investment products. |
| | |
+------+-------------------------------------------------------------------------------+
| (3) | Annual Equivalents, calculated as regular new business contributions plus 10 |
| | per cent single new business contributions, are subject to roundings. PVNBPs |
| | are calculated as equalling single premiums plus the present value of |
| | expected premiums of new regular premium business. In determining the present |
| | value, allowance is made for lapses and other assumptions applied in |
| | determining the EEV new business profit. |
| | |
+------+-------------------------------------------------------------------------------+
| (4) | In Asia, 'Other' insurance operations include Thailand, the Philippines and |
| | Vietnam. |
| | |
+------+-------------------------------------------------------------------------------+
| (5) | Balance includes segregated and pooled pension funds, private finance assets |
| | and other institutional clients. Other movements reflect the net flows |
| | arising from the cash component of a tactical asset allocation fund managed |
| | by PPM South Africa. |
| | |
+------+-------------------------------------------------------------------------------+
| (6) | New business in India is included at Prudential's 26 per cent interest in the |
| | India life operation. |
| | |
+------+-------------------------------------------------------------------------------+
| (7) | Balance sheet figures have been calculated at the closing exchange rate. |
| | Prior year balance is shown on a constant exchange rate. |
| | |
+------+-------------------------------------------------------------------------------+
| (8) | Sales are converted using the year to date average exchange rate applicable |
| | at the time. The sterling results for individual quarters represent the |
| | difference between the year to date reported sterling results at successive |
| | quarters and will include foreign exchange movements from earlier periods. |
| | |
+------+-------------------------------------------------------------------------------+
| (9) | New business in China is included at Prudential's 50 per cent interest in the |
| | China life operation. |
| | |
+------+-------------------------------------------------------------------------------+
| (10) | Mandatory Provident Fund (MPF) product sales in Hong Kong are included at |
| | Prudential's 36 per cent interest in Hong Kong MPF operation. |
| | |
+------+-------------------------------------------------------------------------------+
| (11) | Pru Health sales exclude GBP6m (GBP3m 50% share) of Trust business |
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This information is provided by RNS
The company news service from the London Stock Exchange
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