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United Assurance posts six month new business figures

United Assurance new industrial branch based business fell 34 per cent in the six months to June 30.


The drop to £2.7m from £4.1m for the same period the previous year, follows United&#39s decision to withdraw from the industrial area of business on May 1.


But the life office reported a 13 per cent jump in new branch based investment business over the first six months.


It says equivalent premium income for unit trust, Pep and Isa sales was up to £16m from £14.1m for the first six months of the years compared to the same period of 1998.


Regular premium branch business was up 14 per cent over the period to £12.9m from £11.3m the previous year.


Single premium life and pensions business was up to £13.8m from £12.3m, while single premium unit trust, Pep and Isa sales were up to £17.5m from £15.4m in 1998.


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