Momentum Retail Dec Dec 1 year Key aspects 2014 2015 change • Good single premium Rm Rm new business • Investment markets Total funds received 18 271 16 570 (9)% reduced fee growth New business PVP 11 817 12 673 7% • Significantly reduced mortality profits Recurring 630 627 - • Reduced contribution Single 7 883 9 063 15% from non-life business Value of new business 127 126 (1)% • Increased RdR reduced VNB by R23m Non-life profit after tax 31 (43) Life insurance profit after tax 714 748 5% Focusing on client centricity