RNS Number : 3901H
Allianz Dresdner End Pol Tst 2010
04 November 2008
Allianz Dresdner Endowment Policy Trust 2010 plc
The Company announces that its unaudited net asset value
as at 30th September 2008 was 125.8p per Ordinary Share.
The valuation of the Company's endowment policy portfolio comprises estimates of mid-market price based on the Company's Investment
Advisers' own bid pricing information, with a floor of 100% of estimated surrender value in each case. This has resulted in an aggregate
valuation of the endowment policy portfolio of 101.5% of estimated surrender value, compared to 103.3% last quarter.
Projected final net asset values
The Company publishes projected final net asset values on a regular basis. These projections have been based both on current bonus rate
levels and, in order to give a measure of the sensitivity of the projected final net asset value to changes in bonus rates on 150%,
120%,100% and 80% of current bonus rates and no further bonuses. Projected final net asset values as at 30th September 2008 are:
Projected final net asset values at 31st December 2010:
Assuming 150% of current bonus rates: 146.1p
Assuming 120% of current bonus rates: 137.1p
Assuming 100% of current bonus rates: 131.2p
Assuming 80% of current bonus rates: 125.4p
Assuming no further bonuses: 103.1p
Projected final net asset values are calculated using the principal bases and assumptions set out in the Annual Financial Report which,
inter alia, assume no further death claims, or demutualisation benefits are received and no further purchases or disposals of policies are
made. They have been calculated after deduction of estimated future expenses and interest costs. Interest rates over the Company's life are
assumed to be consistent with the shape of the swap yield curve at 30th September 2008. These illustrations are given to provide an
indication of the sensitivity of the projected final net asset value to bonus rate changes. They should not be taken as forecasts of any
particular degree of change in bonus rate levels.
TWENTY LARGEST HOLDINGS BY LIFE OFFICE
AS AT 30TH SEPTEMBER 2008
Life Office Value of Policies % of
£'000s Total Investments
Standard Life 9,832 34.9
Legal & General 6,958 24.7
Scottish Provident 2,588 9.2
Scottish Widows 1,630 5.8
Friends Provident 1,616 5.7
AVIVA (Norwich Union) 699 2.5
Prudential 438 1.6
Clerical Mutual 427 1.5
National Medical 420 1.5
Scottish Life 411 1.5
Prudential (Scottish Amicable) 374 1.3
AVIVA (Commercial Union) 278 1.0
Colonial Mutual 253 0.9
Royal & Sun Alliance (Royal Life) 187 0.7
Friends Provident (UKPI) 91 0.3
Sun Life of Canada 88 0.3
AXA Sun Life 64 0.2
AVIVA (Provident Mutual) 55 0.2
Irish Life 50 0.2
MGM Assurance 49 0.2
Total of twenty largest holdings 26,508 94.2
Holdings in other offices 359 1.3
Total holdings of endowment 26,867 95.5
policies
FIXED INTEREST HOLDINGS
AS AT 30TH SEPTEMBER 2008
£'000s % of
Total Investments
EIB 5.5% Bd 7.12.11 506 1.8
EIB 4.25% Bd 7.12.10 773 2.7
1,279 4.5
Total of Invested Funds 28,146 100.0
Enquiries:
Peter Ingram
Company Secretary
Tel: 020 7065 1467
4th November 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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