Citigroup 花旗：欧洲保险行业深度研究

(64页) 01.19

0.6M 19 January 2007

Under Cover — Issue 206 Focus on UK Private Car — a Cycle to Follow?

Citigroup Global Markets | Equity Research

Contents
UK Private Car Insurance Market — A Fore-Runner of the Cycle? 4
Introduction 4
Structure of the UK Personal Motor Market 5
Profitability of the UK Private Car Insurance Market 11
Comparator Analysis 18
Forecasting the Turn in the Market 31
Concluding Thoughts 34
The Week Ahead 36
Legal & General — Full Year New Business Production, due 25 January 36
Prudential — Full Year New Business Production, due 30 January 37
Friends Provident — Full Year New Business Production, due 31 January 38
Aviva — Full Year New Business Production, due 6 February 38
Standard Life — Full Year New Business Production, due 7 February 39
The Week in Review 40
Allianz — Opportunity Costs 40
Analyst Certification Appendix A-1 60