Achieved profit is designed to recognise profit as it is earned over the lifetime of an insurance policy. Achieved profit is made up of operating profit plus investment variances, changes in economic assumptions and any exceptional items. It reflects the current value of in-force business and the net worth of long-term savings operations, adjusted for dividends paid out or capital reinvested. From year-end 2004, Aviva plc reports using European embedded value methodology and not achieved profit. See also embedded value.