unit. • Catalysts: sale of UK annuity book, US tax changes Related DB Research: Global Asset Managers: At a critical juncture ILakhani & Steel) European Insurers; 2018 - Safety and Oritionalitv (Steel) Asian sales growth, the key group driver, is broadening out again - HK 80% 60% 40% 20% 0% . . 0 0