Friends Life total new business rose 52% in Q1 compared to a year earlier, with sales from parent company Resolution's newly aquired businesses driving performance.
Total Friends Life sales were £270m, up from £178m for the same period in 2010. The Friends Provident part of the group brought in sales of £106m for the first three months of the year, up 20% from £88.1m in Q1 2010. Its Axa UK Life business added £60m for the quarter while Bupa Health Assurance (BHA) sales were £6m for the period 1 February 2011 to 31 March 2011. The Friends Provident and Axa UK Life businesses were merged under the rebranded Friends Life name earlier this year. Resolution reported total UK sales of £172m, gaining a significant boost from the acquired businesse...
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