Royal London Mutual's Sales Rise by 4.8% on Pensions (Update1)

Royal Greater London Mutual Insurance Society
Ltd., the U.K.'s greatest customer-owned insurer, said first-
quarter new concern gross sales rose 4.8 percentage helped by additions in
Britain and abroad.

New coverage and pensions gross sales increased to 416.8 million
pounds ($824.2 million) from 397.7 million lbs a year
earlier, the London-based insurer said in a statement today.

Pension gross gross sales in the U.K. rose 9.5 percentage to 335 million
pounds and abroad sales rose 20 percentage to 35.8 million
pounds. Mortgage and income protection gross sales drop 19 percentage to
38 million pounds, it said. Royal Greater London is buying assets, including Capital Of Arizona Life Assurance and Scottish
Provident International Life, for 1.27 billion lbs to help
lift gross for protection and international products.

''There is no uncertainness that economical uncertainty will persist
for the remainder of the twelvemonth and perhaps into adjacent year,'' said
Chief Executive Military Officer in the statement. The
insurer will go on ''to focusing on profitable business'' which
may intend it loses marketplace share, he said.

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