Financial results Value of new business per division Dec 2012 Dec 2013 Change Rm Rm Momentum Retail 93 136 46% Metropolitan Retail * 120 122 2% Momentum Employee Benefits 66 90 36% Metropolitan International 28 30 7% Total * 307 378 23% New business margin (PVP) 1.8% 1.8% * Excludes FNB Life Excellent growth, margins maintained