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ANNUAL REPORT AND ACCOUNTS 2008

Notes to the consolidated financial statements

35 Unallocated surplus within insurance businesses

The movement in the unallocated surplus within long-term insurance business over the year can be analysed as follows:

 

2008
£m

2007
£m

At 1 January

554

683

Change in unallocated surplus recognised in the income statement (note 10)

(284)

(114)

Disposal of businesses

(15)

At 31 December

270

554

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