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CGU announce first quarter results


CGU Life has announced a 27 per cent increase in new life, pensions and investment business.


Results for the first quarter 1999 show new annualised premium income has risen to £122m from £97m over corresponding figures for last year.


UK single premium business was up 53 per cent to £864m from £565m over the same period. But annual premiums were down on last year at £36m from £40m a fall of 10 per cent.


Single premium pension sales were up 40 per cent to £196m from £140m on the same period last year.


But its was single premium Peps and unit trust sales that witnessed the highest sales up 166 per cent to £259m from £97m.


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