1 Segmental Analysis
 2 Jackson National Life
 3 Investment Return
 4 Investment Income
 5 Policyholder Bonuses
 6 Net Operating Expenses
 7 Investment Expenses and Charges
 8 Tax
 9 Acquisitions and Disposals
 10 Information on Staff
 11 Directors’ Remuneration
 12 Fees Payable to Audit Firms
 13 Land and Buildings
 14 Investments in Participating Interests
15 Other Financial Investments
 16 Assets Held to Cover Linked Liabilities
 17 Share Capital and Share Premium
 18 Group Profit and Loss Account Reserve
 19 Long-term Business Provision
 20 Borrowings
 21 Reclassification of Certain Liabilities
 22 Investments of the Company
 23 Profit of the Company
 24 Subsidiary Undertakings
 25 Contingent Liabilities
 26 Cash Flow
 27 Post Balance Sheet Event

 

 

 

 

15 Other Financial Investments

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 Cost Current value
1998 £m 1997 £m 1998 £m 1997 £m
Shares and other variable yield securities and units in unit trusts 23,113 21,798 49,088 45,999
Debt securities and other fixed income securities – carried at market value 18,685 16,265 21,283 17,847
Debt securities and other fixed income securities – carried at amortised cost 15,847 15,538 15,902 15,572
Loans secured by mortgages 1,849 1,582 1,938 1,655
Loans to policyholders secured by insurance policies 583 591 583 591
Other loans 57 98 68 98
Deposits with credit institutions 3,917 3,420 3,917 3,420
Other 221 154 235 153
Total 64,272 59,446 93,014 85,335
 
Amounts included in the above ascribable to listed investments were:
Shares and other variable yield securities and units in unit trusts 48,108 45,734
Debt securities and other fixed income securities – carried at market value 19,406 16,347
Debt securities and other fixed income securities – carried at amortised cost 13,316 13,032
Total 80,830 75,113

The market value of debt securities and other fixed income securities valued at amortised cost was £16,411m (£15,888m). All debt securities carried at amortised cost are held by long-term business operations.

For those debt securities and other fixed income securities valued at amortised cost where the maturity value exceeded purchase price, the unamortised difference at the year end was £195m (£170m). There were no investments valued at amortised cost where the purchase price exceeded maturity value.

 

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