It will take time for us to become a market leader in life insurance, as it is a long-term business. It would take about five to 10 years for us to be ranked in the top five in the industry. However, following our success in other countries, we believe that it's a realistic target.

126

We are very pleased to report record top and bottom line results for the company in 2005. This continues our exceptional track record of strong earnings growth with an average annual growth rate of more than 20% over the past decade. And with the successful integration of John Hancock now behind us, we look forward to building on the strengths of our combined operations.

92