09 November 2008 NINE MONTHS RESULTS 2000

Good revenue growth and improved operating results for the quarter
Continued progress towards long term operating targets
Progress underlines the strategic rationale of positioning as a specialist in general insurance
Excellent new business results for life operations

9 Months to
30 September
2000 1999
Revenue

General business net premiums written £6,329m £5,307m
Life business net premiums written £2,476m £2,383m
Investment products £618m £566m

Group operating result

(based on longer term investment return ("LTIR"))* £502m £461m
Balance sheet at 30 September 2000/
31 December 1999
Shareholders' funds £6,652m £6,484m
Net asset value per share
(adding back equalisation provisions) 474p 463p