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Royal & SunAlliance reports new business increase


Royal & SunAlliance has reported an 18 per cent increase in its new business figures for its UK life, pensions and retail investments on a weighted annualised basis.


First quarter results to March 31, 1999, show a 90 per cent increase for single premium retail investment business to £53.7m from £28.3m for the same period of 1998.


Single premium life & pension business was also up 14 per cent to £198.7m from £175m for last year, while regular business grew by 12 per cent to £28.4m from £25.3m.


Total new single premium sales increased by 24 per cent to £252.4m from £203.3m for the corresponding quarter of 1998.


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