MORE. Half-Year Results rd August 2011 FORWARD LOOKING STATEMENTS.
|
|
- Maude Sylvia Butler
- 5 years ago
- Views:
Transcription
1 1 MORE. Half-Year Results 3 rd August 2 FORWARD LOOKING STATEMENTS. This document may contain certain forward-looking statements relating to Legal & General Group, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature forwardlooking statements involve uncertainty because they relate to future events and circumstances which are beyond Legal & General s control, including, among others, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact of these events and other uncertainties of future acquisition or combinations within relevant industries. As a result, Legal & General Group s actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this announcement should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc does not undertake to update forward-looking statements contained in this document or any other forward-looking statement it may make.
2 3 : Delivering on our strategy A strong track record of performance. Financial highlights ( m) Operational cash Net cash Worldwide new business IFRS profit before tax (143) EEV operating profit EEV per share IGD Surplus 1 ( bn) Interim dividend (p) (1) Estimated 4 CASH: Consistent growth in operational and net cash. Operational cash 2007 ( m) H m Net cash
3 5 Material progress in diversification of net cash. Source of net cash m 760m 427m 22% 30% % 52% 38% 26% Annuities Housing and Protection Savings LGIM International Group capital and financing 6 Continued strong profitability and returns. Summary IFRS income statement ( m) Risk Savings Investment management International Group capital and financing Investment projects Operating profit Variation from longer term investment return Property losses attributable to non-controlling interests Profit from ordinary activities before tax Tax Profit from ordinary activities after tax IFRS shareholders equity Annualised return on equity (%) Operating earnings per share (p) Interim dividend per share (p) (25) 523 (49) (1) 473 (115) 8 4, (14) 542 (4) (1) 537 (136) 401 4,
4 7 Sales: Solid performance, confident about H2. New business sales ( m) Protection APE Annuities APE Savings APE International APE Worldwide new business APE LGIM gross new business ( bn) LGIM net asset flows ( bn) Savings net asset flows ( bn) net asset flows ( bn) Investment management: Another record six months for LGIM. Operating profit of 117m. Financial highlights ( m) Investment management Net cash LGIM highlights revenue costs 205 (88) (84) 98 Average ad valorem fee margin (bps) Average expense margin (bps) Gross new fund management mandates ( bn) Closing funds under management ( bn) (1) Includes annuities and some savings assets
5 9 Investment management: LDI and international from 39bn to 62bn in 18 months. Assets under management ( bn) Opening assets under management of which international of which LDI FY UK gross new business of which LDI new business International gross new business Gross outflows Net new business (14.9) (26.0) 6.6 Market and other movements Closing assets under management of which international of which LDI Savings: Another record six months for sales, assets, profits and cash. Financial highlights ( m) Operational cash New business strain Net cash Experience variance, assumption changes, tax and other variances 89 (31) (34) Savings new business APE Assets under administration ( bn) Net new funds ( bn) Non profit new business strain / PVNBP (%)
6 11 Savings: All business units generating cash and profits. Financial highlights ( m) Savings Investments With-profits Insured Savings Operational cash New business strain Net cash (31) (34) 2 Assumption changes, experience and other variances Tax gross up (4) 5 (4) (4) Savings Investments includes unit trusts, ISAs, structured products, platform business and uninsured SIPPs With-profits includes all business written within the with-profits fund Insured Savings includes all non profit bond business and non profit pension business Risk: Another good six months. Healthy cash and profit contribution. Financial Highlights ( m) Operational cash New business strain Net cash Experience variance, assumption changes, tax and other variances Investment variances Profit before tax 233 (40) ()
7 13 Risk: Good growth in operational cash, masked by one off movements. Movement in operating profit ( m) Risk operating profit Increase in operational cash Lower expense assumptions Reduction in positive annuity new business strain Group protection negative mortality experience inflation modelling not repeated in Other changes Risk operating profit (34) (27) (72) Risk: operational cash growth in all areas. Financial highlights ( m) Annuities Protection GI and other Operational cash New business strain Net cash (41) (45) Assumption changes, experience and other variances Tax gross up (7) 39 (3) 56 (13)
8 15 International: Strong performance from the US, continuing to invest in emerging markets. Financial highlights ( m) USA Europe (France and Netherlands) Middle East and Asia (Egypt, the Gulf and India) 1 (2) (4) 66 New business APE USA Europe (France and Netherlands) Middle East and Asia (Egypt, the Gulf and India) Net cash 33 (1) Includes international divisional head office costs 16 Group capital and financing: Assets increased by over 1bn, profits up 85%. Balance Sheet Profit and Loss Group capital and financing ( m) Equities Property Bonds Derivative Assets Cash Debt Investment expense and unallocated corporate expenses IFRS operating Profit , ,083 4,369 2, , ,252 2, (62) (7) 96 (59) (4) 33 Additional 1.5bn ( : 1.6bn) of other shareholder funds outside of Group capital and financing
9 17 Operational cash : Close and transparent link between cash and profit. Half-Year ( m) Annuities Housing and protection Operational cash 6 6 New business strain (45) Net cash 141 International Tax and other 8 IFRS profit before tax 3 Savings 72 (34) Investment management International Group capital and financing Investment projects (14) (14) 417 (44) Operational cash : Close and transparent link between cash and profit. Half-Year ( m) Annuities Housing and protection Savings Investment management International Group capital and financing Investment projects Operational cash New business strain 1 (41) (31) (71) Net cash International 9 9 Tax and other (25) 87 IFRS profit before tax (25) 523
10 19 Assets: High quality with PIIGS sovereign debt and bank debt exposure only 1.4% of shareholder assets. Worldwide assets under management at 30/06/11( bn) Shareholder assets, With-profits, 20 Group capital & finance assets, 4.4 By business unit Other group shareholder assets, 1.5 Shareholder assets at 30/06/11 ( bn) PIIGS sovereigns, 0.3 PIIGS banks, 0.2 By asset class Sovereign Debt, 5.0 Equities, 1.0 Derivatives, 1.6 Property, 0.3 Cash, bn Other insurance assets, 3.7.1bn Banks Debt, 4.4.1bn Client funds, 315 Assets backing annuity business, 25.5 Non bank, non sovereign bonds, 20.0 High degree of confidence over cash. Insured savings With-profits Savings investments and other savings GI and other risk LGIM International dividends New business strain ( m) Annuities c. 220 UK UVIF 1 : 8.7bn Operational cash ( m) (31) 22 HY Net cash ( m) Operational cash ( m) Protection 9 (41) 68 c. 230 c. 0 In-force cash 274 (71) 203 c. 550 c. 50 c. 50 New business strain ( m) FY Net cash ( m) 20 Group capital and financing Return on assets 0 Cost of Debt (50) 50 Variances and other International (excl. dividends) Tax gross up Operating profit 498 (71) 427 (46) Undiscounted VIF
11 21 Modelling IGD. IGD Surplus ( m) At start of period Operational cash New business strain Dividends Experience variances and assumption changes Investment variance (Increase) / decrease in operational regulatory capital requirement Release of capital from US capital management programme Other At end of period 3, (71) (97) 27 (27) (8) - (32) 4,0 FY 3, (80) (279) (155) 132 (45) 3, Modelling VIF. Reconciliation of UK long term Risk and Savings VIF bn Opening VIF at 1 January Contribution from new business Unwind of discount rate Expected release from non profit and with-profits businesses Closing operational VIF at 30 June Experience variances / assumption changes Investment variance / economic assumption changes Other 2 Closing VIF at 30 June Discounted (0.30) (0.02) Undiscounted n/a (0.3) After cost of capital 2. Includes the effect of UK budget changes of 0.15bn (discounted) and 0.3bn (undiscounted)
12 23 EEV per share increased to 139p. Estimated additional value of LGIM on discounted cashflow basis Management estimates, assuming stable margins and % outflows per annum 24 Interim dividend up 25%. 3.84p Full up 24% 4.75p 2.73 Interim up 20% 3.42 Interim up 25% m Cash cover (x) Earnings cover (x) Cash cover to move towards two times over the medium term and potential to fall further thereafter as risks recede
13 25 Positive outlook for L&G. Difficult macro-economic environment Low growth Economic and market risks remain high Attractive trends in the UK Demographic shifts favour our model Pension fund de-risking driving demand in LGIM and BPA Government agenda plays to L&G s strengths Significant and prolonged regulatory change L&G distribution model well positioned for RDR Direction of Solvency 2 remains broadly positive Uncertainty and delay is unhelpful and expensive 26 Business growth and opportunities. Cash and dividend growth. Strong balance sheet.
OPERATIONAL CASH: UP 17% TO 736M (Q3 YTD 2010: 628M)
LEGAL & GENERAL GROUP PLC: QUARTER 3 2011 INTERIM MANAGEMENT STATEMENT Stock Stock Exchange Exchange Release Release. 1 November 17 March 2011 LEGAL & GENERAL SET TO BEAT ANNUAL CASH TARGETS: SALES RESILIENT;
More informationLEGAL & GENERAL DELIVERS GROWTH ACROSS THE BUSINESS, IFRS OPERATING PROFIT OF 1,002M, NET CASH GENERATION OF 728M AND INCREASES FINAL DIVIDEND BY 25%
LEGAL & GENERAL GROUP PLC PRELIMINARY RESULTS 2010 Stock Stock Exchange Exchange Release Release. 17 March 17 March 2011 2011 LEGAL & GENERAL DELIVERS GROWTH ACROSS THE BUSINESS, IFRS OPERATING PROFIT
More informationLEGAL & GENERAL DELIVERS 18% GROWTH IN NET CASH GENERATION AND 12% GROWTH IN NEW BUSINESS VOLUMES
LEGAL & GENERAL GROUP PLC: QUARTER 1 2011 INTERIM MANAGEMENT STATEMENT Stock Stock Exchange Exchange Release Release. 4 May 17 March 2011 2011 LEGAL & GENERAL DELIVERS 18% GROWTH IN NET CASH GENERATION
More informationLEGAL & GENERAL DELIVERS 1.1BN IFRS OPERATING PROFIT, GENERATES 699M NET CASH AND INCREASES FINAL DIVIDEND BY 33%
LEGAL & GENERAL GROUP PLC PRELIMINARY RESULTS 2009 Stock Exchange Release. 23 March 2010 LEGAL & GENERAL DELIVERS 1.1BN IFRS OPERATING PROFIT, GENERATES 699M NET CASH AND INCREASES FINAL DIVIDEND BY 33%
More informationLEGAL & GENERAL DELIVERS STRONG RESULTS, DIVIDEND UP 35%
LEGAL & GENERAL GROUP PLC PRELIMINARY RESULTS 2011 1 Stock Exchange Release 14 March 2012 LEGAL & GENERAL DELIVERS STRONG RESULTS, DIVIDEND UP 35% FULL YEAR DIVIDEND UP 35% TO 6.40P PER SHARE (2010: 4.75P
More informationScale, synergy and cash driving future performance. Legal & General Tim Breedon Group Chief Executive
Merrill Lynch Conference: Competing in the new normal 1 st October 2009 Scale, synergy and cash driving future performance Legal & General Tim Breedon Group Chief Executive 1 1 Forward-looking statements
More informationNew business sales up 3% year on year Capital and cashflow remain robust
LEGAL & GENERAL GROUP NEW BUSINESS FIGURES Stock Exchange Release 29 January 2009 New business sales up 3% year on year Capital and cashflow remain robust Highlights for the 12 months to 31 December 2008
More information2006 Interim Results. 9 August 2006
2006 Interim Results 9 August 2006 Agenda Introduction Financial review Review of the business Richard Harvey Group Chief Executive Andrew Moss Group Finance Director Richard Harvey Review of AmerUs Tom
More informationSustainable Growth. The Composite Model: Flexibility Strength Resilience Balance Preliminary Results
Sustainable Growth The Composite Model: Flexibility Strength Resilience Balance 2005 Preliminary Results 2 March Aviva 2006 plc 1 Agenda Introduction Financial review Review of the business Richard Harvey
More informationSales rise in challenging markets
LEGAL & GENERAL GROUP PLC INTERIM MANAGEMENT STATEMENT Stock Exchange Release 13 May 2009 Sales rise in challenging markets Highlights for the 3 months to 31 March 2009 (1) : Worldwide new business 382m
More informationLEGAL & GENERAL: NET CASH UP 14%, LGIM NET FLOWS OF 21.7BN
LEGAL & GENERAL GROUP PLC QUARTER 3 2015 INTERIM MANAGEMENT STATEMENT Stock Exchange Release 04 November 2015 LEGAL & GENERAL: NET CASH UP 14%, LGIM NET FLOWS OF 21.7BN GROUP HIGHLIGHTS: NET CASH GENERATION
More informationHalf Year Results Standard Life plc Analyst and Investor Presentation
Half Year Results 2011 Standard Life plc Analyst and Investor Presentation Disclaimer This presentation may contain certain forwardlooking statements with respect to certain of Standard Life's plans and
More informationRobust results - 269m 1 longevity strengthening - strong platform for increased shareholder value
LEGAL & GENERAL GROUP PLC PRELIMINARY RESULTS 2007 Stock Exchange Release 18 March 2008 Robust results - 269m 1 longevity strengthening - strong platform for increased shareholder value Financial EEV and
More informationRobust financial position, new business up 5%
LEGAL & GENERAL GROUP INTERIM MANAGEMENT STATEMENT Stock Exchange Release 16 October 2008 Robust financial position, new business up 5% Highlights for the 9 months to 30 September 2008 (1) : Worldwide
More informationHalf Year Results Standard Life plc Analyst and Investor presentation
Half Year Results 2013 Standard Life plc Analyst and Investor presentation Half Year Results 2013 Record flows driving strong growth in revenue David Nish Chief Executive This presentation may contain
More informationST. JAMES S PLACE PLC
ST. JAMES S PLACE PLC HALF YEARLY REPORT 2008 St. James s Place plc Contents 02 Summary Half Yearly Results 03 St. James s Place Wealth Management New Business Figures 05 Interim Management Report 06
More informationGROWTH IN ALL DIVISIONS. NET CASH UP 12%.
LEGAL & GENERAL GROUP PLC QUARTER 3 2014 INTERIM MANAGEMENT STATEMENT 1 Stock Exchange Release 4 November 2014 07 August 2012 Kate Whittaker to edit header Stock Exchange Release GROWTH IN ALL DIVISIONS.
More informationInterim Results 9 th August, 2012
Interim Results 9 th August, 2012 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva ) with the United States Securities
More informationGood morning everyone. I d like to spend the next twenty minutes or so giving you our perspective on Legal & General s strategy and prospects.
Merrill Lynch Conference 1 st October 2009 Competing in the New Normal Good morning everyone. I d like to spend the next twenty minutes or so giving you our perspective on Legal & General s strategy and
More informationHalf Year Results. 27 August 2010
Half Year Results 27 August 2010 Agenda Introduction - Ron Sandler, Chairman Business review - Jonathan Moss, Group Chief Executive Financial results - Jonathan Yates, Group Finance Director Summary -
More informationROYAL LONDON 2018 INTERIM FINANCIAL RESULTS
ROYAL LONDON 2018 INTERIM FINANCIAL RESULTS Tim Harris 16 August 2018 FORWARD LOOKING STATEMENT This document should be read in conjunction with Royal London s Interim Financial Results Press Release for
More informationAVIVA plc Interim results 2005
AVIVA plc Interim results 2005 11 August 2005 Disclaimer This presentation may contain certain forward-looking statements with respect to certain of Aviva s plans and its current goals and expectations
More informationEuropean. 324 Index to EEV basis results. 06 European Embedded Value (EEV) basis results
06 European Embedded Value (EEV) basis results 324 Index to EEV basis results 06 European Embedded Value (EEV) basis results Index to European Embedded Value (EEV) basis results 325 Post-tax operating
More information2013 Results. Mark Wilson Group Chief Executive Officer
2013 Results 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva ) with the United States Securities and Exchange Commission
More informationEuropean Embedded Value. (EEV) basis results 298 Index to EEV basis results. 01 Group overview 02 Strategic report 03 Governance 04 Directors
European Embedded Value (EEV) basis results 298 Index to EEV basis results 6 Apprenticeship programme Our communities Over the past two years Prudential UK has recruited 130 young people to join the highly
More informationLegal & General s results illustrate the robustness and flexibility of our business model even in a more testing economic climate.
Legal & General s results illustrate the robustness and flexibility of our business model even in a more testing economic climate. Sir Rob Margetts Chairman Contents 1 Group Chief Executive s Review 2
More informationEuropean Embedded Value (EEV) basis results
06 European Embedded Value (EEV) basis results Page Index to EEV basis results 326 01 Group overview 02 Strategic report 03 Governance 04 Directors remuneration report 05 Financial statements 06 European
More informationDelivering growth in a riskier world
Delivering growth in a riskier world Sandy Crombie Group Chief Executive October 2007 Please turn off your mobile phone and BlackBerry Disclaimer This presentation may contain certain forward-looking statements
More informationINTERIM RESULTS. July 2008
INTERIM RESULTS July 2008 Mike Wilson CHAIRMAN David Bellamy CHIEF EXECUTIVE Andrew Croft FINANCE DIRECTOR Ian Gascoigne SALES DIRECTOR David Lamb BUSINESS DEVELOPMENT DIRECTOR MIKE WILSON Chairman Agenda
More informationNomura Financial Services Conference Fitter. Stronger
Nomura Financial Services Conference 2011 Fitter Stronger 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva ) with the United
More informationDelivering Shareholder Value
Delivering Shareholder Value Adrian O Connor Chief Financial Officer Prudential Corporation Asia 10 December 2013 Delivering shareholder value Value - Profits - Cash Life Cycle New business contribution
More informationPress Release ROYAL LONDON REPORTS STRONG NEW BUSINESS AND PROFITS GROWTH
Press Release 30 March 2017 ROYAL LONDON REPORTS STRONG NEW BUSINESS AND PROFITS GROWTH Financial highlights New life and pensions business (PVNBP basis) 1 up by 28% to 8,686m (2015: 6,774m); Funds under
More informationFULL YEAR RESULTS 2017/18
FULL YEAR RESULTS 2017/18 1 This presentation does not constitute an invitation to subscribe for or otherwise to acquire or dispose of shares in Hansard Global plc. This presentation may contain forward-looking
More informationCash, capital and earnings. Nic Nicandrou Chief Financial Officer
Cash, capital and earnings Nic Nicandrou Chief Financial Officer surplus generation A key area of management focus 2008 FY results presentation 1 surplus generation A strong track record of delivery Net
More informationAviva plc. Interim results Andrew Moss Group Chief Executive
Aviva plc Interim results 2008 Andrew Moss Group Chief Executive Accelerating transformational change to deliver a unified and more profitable company 1 Disclaimer This presentation may include oral and
More informationPrudential plc 2007 Full Year Results. 14 March 2008
Prudential plc 2007 Full Year Results 14 March 2008 This statement may contain certain forward-looking statements with respect to certain of Prudential's plans and its current goals and expectations relating
More informationAviva Preliminary Results Athletics pictures
Aviva Preliminary Results 2011 Athletics pictures Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva ) with the United States
More informationAVIVA Solvency and Financial Condition Report ( SFCR )
AVIVA 2016 Solvency and Financial Condition Report ( SFCR ) 2 Disclaimer Cautionary statements: This should be read in conjunction with the documents distributed by Aviva plc (the Company or Aviva ) through
More informationPrudential plc 2013 Half Year Results
Prudential plc 2013 Half Year Results Delivering Growth and Cash 12 August 2013 1 2013 HALF YEAR RESULTS This document may contain forward-looking statements with respect to certain of Prudential's plans
More informationJ U P I T E R 2018 Interim Results
J U P I T E R 2018 Interim Results Introduction 1 Maintaining shareholder returns Delivering growth through investment excellence Net Management Fees Underlying Earnings per Share Net Sales Investment
More informationResolution. Interim Results 17 August 2010
Resolution Interim Results 17 August 2010 Important Notice Neither the issue of this presentation nor any part of its contents constitutes an offer to sell or invitation to purchase any securities of Resolution
More informationPress Release ROYAL LONDON REPORTS STRONG PROFIT AND NEW BUSINESS GROWTH IN THE FIRST HALF OF 2017
Press Release 17 August 2017 ROYAL LONDON REPORTS STRONG PROFIT AND NEW BUSINESS GROWTH IN THE FIRST HALF OF 2017 Trading highlights New life and pensions business (PVNBP basis) 1 up by 45% to 6,078m (
More informationAvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report. Full-year 2017
AvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report Full-year 2017 Market Consistent Embedded Value Report 1. Introduction 3 2. Definition of Embedded Value 3 3. Covered business 3
More informationSociete Generale The Premium Review Conference. Fitter. Stronger
Societe Generale The Premium Review Conference Fitter Stronger 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva ) with
More informationStrong result for 2010 underscores robust position of Delta Lloyd Group
Press release Strong result for 2010 underscores robust position of Delta Lloyd Group Commercial success; Gross written premium up 8% Simplification of organisation: costs down 5% Strong development of
More informationEuropean Embedded Value (EEV) basis results
European Embedded Value (EEV) basis results Page Post-tax operating profit based on longer-term investment returns 1 Post-tax summarised consolidated income statement 2 Movement in shareholders equity
More informationRisk and capital management: the changing environment
Risk and capital management: the changing environment Andrew Moss Group Finance Director Aviva plc 14 th April 2005 Disclaimer This presentation may contain certain forward-looking statements with respect
More informationResolution Limited First quarter 2012 Interim Management Statement
9 May 2012 Resolution Limited First quarter 2012 Interim Management Statement Summary UK Life Project is in value delivery phase with good progress on financial targets; The Group has delivered improved
More informationNews Release Aviva plc
News Release Interim management statement for the three months to 31 March First Quarter Cash flow Operating capital generation stable at 0.5 billion (: 0.5 billion) Continued focus on improving remittance
More informationEuropean Embedded Value (EEV) basis results
European Embedded Value (EEV) basis results Page Post-tax operating profit based on longer-term investment returns 1 Post-tax summarised consolidated income statement 1 Movement in shareholders equity
More informationDelivering sustainable global growth
Delivering sustainable global growth Strong flows and investment performance driving profit Colin Clark Executive Director, Standard Life Investments This presentation may contain certain forward-looking
More informationFocus on fee business driving growth and performance
Focus on fee business driving growth and performance This presentation may contain certain forward-looking statements with respect to certain of Standard Life's plans and its current goals and expectations
More informationEuropean Embedded Value (EEV) basis results
Prudential plc Annual Report 2014 275 Section 6 European Embedded Value (EEV) basis results 276 Index to EEV basis results Description of EEV basis reporting In broad terms, IFRS profits for long-term
More informationBofA Merrill Lynch Conference 30 September, Mark Wilson Group CEO
BofA Merrill Lynch Conference 30 September, 2015 Mark Wilson Group CEO 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the Company or Aviva
More informationNic Nicandrou. Group
Nic Nicandrou Group Drivers of high quality earnings, resilient capital and robust balance sheet Growing and resilient earnings drivers Capital is strong and highly accretive Defensive and robust balance
More information2009 Merrill Lynch Conference. Andrew Moss Chief Executive
2009 Merrill Lynch Conference Andrew Moss Chief Executive 1 Disclaimer This presentation may include oral and written forward looking statements with respect to certain of Aviva s plans and its current
More informationAnnual Report and Accounts Standard Life plc
Annual Report and Accounts 2012 Standard Life plc Group financial highlights 900m Group operating 65% increase 218.1bn Group assets under administration 10% increase 1,116m Group EEV operating profit before
More information2004 European Embedded Value for Life & Savings activities. December 12, 2005
2004 European Embedded Value for Life & Savings activities December 12, 2005 Table of Contents 1 : Overview 2 : Methodology 3 : Results 4 : Conclusion 5 : Appendix: - Detailed EEV results by country -
More informationPRUDENTIAL PLC GROUP COMMUNICATIONS 12 ARTHUR STREET LONDON EC4R 9AQ TEL FAX
NEWS RELEASE PRUDENTIAL PLC GROUP COMMUNICATIONS 12 ARTHUR STREET LONDON EC4R 9AQ TEL 020 7220 7588 FAX 020 7548 3725 www.prudential.co.uk 8.15 am (GMT) 14 November 2013 PRUDENTIAL PLC THIRD QUARTER 2013
More informationGuide to Financial Reporting European Embedded Value and IFRS Results year ended 31 December 2006
Guide to Financial Reporting European Embedded Value and IFRS Results year ended 31 December 2006 This guide to financial reporting is designed to help investors and other users of our financial statements
More informationAviva plc today announced its Q3 Interim Management Statement where the operating profit trend is broadly in line with the half year.
News Release Aviva plc Interim management statement for the nine months to 30 September 2012 Dear shareholders, Aviva plc today announced its Q3 where the operating profit trend is broadly in line with
More informationADDITIONAL DISCLOSURE SUPPLEMENT
6 ADDITIONAL DISCLOSURE SUPPLEMENT Unaudited Condensed Group Interim Results DO GREAT THINGS EVERY DAY 112 Old Mutual Limited GROUP INTERIM RESULTS for the six months ended 30 June 2018 SUPPLEMENT CONTENTS
More informationNews Release Aviva plc
Page 1 of 9 News Release Aviva plc Interim management statement to 30 September 29 October Aviva plc Third Quarter Interim Management Statement Mark Wilson, Group Chief Executive Officer, said: "We are
More informationPrudential plc 2012 Half Year Results
Prudential plc 2012 Half Year Results Delivering Growth and Cash 10 August 2012 This document may contain forward-looking statements with respect to certain of Prudential's plans and its goals and expectations
More information2018 Full Year Results 20 November 2018
2018 Full Year Results 20 November 2018 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual
More informationEPS 1 UP 19% TO 22.2P, PROFIT BEFORE TAX 2 UP 17% TO 1.6BN FINANCIAL HIGHLIGHTS 3 : BUSINESS HIGHLIGHTS: LEGAL & GENERAL GROUP PLC 2016 RESULTS
LEGAL & GENERAL GROUP PLC 2016 RESULTS Stock Exchange Release 08 March 2017 EPS 1 UP 19% TO 22.2P, PROFIT BEFORE TAX 2 UP 17% TO 1.6BN FINANCIAL HIGHLIGHTS 3 : NET RELEASE FROM OPERATIONS (NET CASH) 4
More informationThe Hague, may 10, Local knowledge. Global power. embedded value
The Hague, may 10, 2012 Local knowledge. Global power. embedded value 2011 life insurance pensions asset management Table of contents 1. Highlights P 3 1.1 Overview of embedded value life insurance and
More informationGroup Finance Director s Review
20 Group Finance Director s Review Andy Parsons Group Finance Director Overview In my first year as group finance director I am pleased to report strong growth in operating profit and a significant strengthening
More informationOne Aviva Twice the Value
One Aviva Twice the Value Philip Scott, Group Finance Director Our priority is to realise the full potential of Aviva s existing businesses Andrew Moss Group Chief Executive page 1 Disclaimer This presentation
More information1. INTRODUCTION COVERED BUSINESS DEFINITIONS... 4
1. INTRODUCTION... 2 2. COVERED BUSINESS... 3 3. DEFINITIONS... 4 4. RESULTS... 5 4.1. OVERVIEW OF 2012 RESULTS... 5 4.2. MOVEMENT OF EMBEDDED VALUE... 6 4.3. VALUE IN-FORCE... 9 4.4. RECONCILIATION OF
More informationAvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report. Half-year 2017
AvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report Half-year 2017 Market Consistent Embedded Value Report 1. Introduction 3 2. Definition of Embedded Value 3 3. Covered business 3
More informationST. JAMES S PLACE PLC
ST. JAMES S PLACE PLC HALF YEAR REPORT 2009 St. James s Place plc Contents 2 Summary Half Year Results 3 St. James s Place Wealth Management New Business Figures Interim Management Report 7 Interim Statement
More informationDisclosure of European Embedded Value as of 30 September 2015
December 3, 2015 Meiji Yasuda Life Insurance Company Disclosure of European Embedded Value as of 30 September 2015 Meiji Yasuda Life Insurance Company ( Meiji Yasuda Life, President Akio Negishi) is disclosing
More informationAvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report. Half-year 2018
AvivaSA Emeklilik ve Hayat A.Ş. Market Consistent Embedded Value Report Half-year 2018 Market Consistent Embedded Value Report 1. Introduction 3 2. Definition of Embedded Value 3 3. Covered business 3
More informationPrudential plc Half Year Results. 11 August HALF YEAR RESULTS
Prudential plc 2015 Half Year Results 11 August 2015 1 2015 HALF YEAR RESULTS This document may contain forward-looking statements with respect to certain of Prudential's plans and its goals and expectations
More informationFY2017 Business Results
FY2017 Business Results Sumitomo Life at a Glance Company Overview Group Overview 6 Established: May 1907 (111 years of history) Life Insurance Insurance Outlets Asset Management Key Figures 1 FY2017 (as
More informationRisk, Return & Growth: Getting the Balance Right
Richard Harvey, Group Chief Executive 4 October 2006 Risk, Return & Growth: Getting the Balance Right Disclaimer This presentation may contain forward-looking statements with respect to certain of Aviva
More informationQ Results. The Hague November 13, 2014
Q3 2014 Results The Hague November 13, 2014 Alex Wynaendts CEO Darryl Button CFO Q3 performance impacted by exceptional charges Underlying earnings and return on equity lower due to assumption changes
More informationChesnara plc half year results. 31 August Dividend track record continues
Chesnara plc 2017 half year results 31 August 2017 Dividend track record continues 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Interim div (paid Oct) Final div (paid May following)
More informationGrowth drivers. Ageing demographics. Globalisation of asset markets. Creating real assets. Welfare reforms. Technological innovation.
Growth drivers Ageing demographics Globalisation of asset markets INVESTING & ANNUITIES Creating real assets Welfare reforms INVESTMENT MANAGEMENT Technological innovation INVESTING & ANNUITIES INSURANCE
More information29 July 2010 Hansard Global plc New business results for the year ended 30 June 2010
HANSARD GLOBAL plc Harbour Court, Lord Street, Box 192, Douglas, Isle of Man IM99 1QL, British Isles Telephone: +44 1624 688000 Fax: +44 1624 688008 Internet: www.hansard.com 29 July 2010 Hansard Global
More informationD ATA PA C K Full Year Results JUPITER FUND MANAGEMENT PLC
D ATA PA C K 2017 Full Year Results JUPITER FUND MANAGEMENT PLC 2017 FULL YEAR RESULTS 1 Contents Overview of Jupiter AUM Page 2 Investment performance Page 3 AUM by investment strategy Page 5 AUM and
More informationDelivering Shareholder Value
Delivering Shareholder Value Adrian O Connor Chief Financial Officer Prudential Corporation Asia 16 November 2011 1 Asia is Delivering across All Key Metrics New Business Profit 1 ( m) IFRS Operating Profit
More informationMarket Consistent Embedded Value (MCEV)
112 Market Consistent Embedded Value (MCEV) Market Consistent Embedded Value (MCEV) The Group MCEV is a measure of the consolidated value of shareholders interest in the in-force business of the Swiss
More informationAlthough unemployment is low, and vacancies high, real wage growth is lower than expected and productivity growth is poor
Excessive attention is paid to economic noise, uncertainty and unemployment, not enough to employment, productivity and risk. Widespread conscious bias for gloomy reporting by media, economists and politicians
More informationAnalysts conference call 3 April Life & Health Embedded Value 2006
Analysts conference call Life & Health Embedded Value George Quinn Chief Financial Officer Alberto Izaga Head of Life & Health Products Agenda Executive summary George Quinn Reconciliation to EV Alberto
More informationAegon delivers strong. Q Results. The Hague February 19, 2015
Aegon delivers strong Q4 2014 Results The Hague February 19, 2015 Alex Wynaendts CEO Darryl Button CFO Continued successful execution of our strategy Optimize portfolio Divested non-core businesses: Canada,
More informationNEWS RELEASE. PRUDENTIAL PLC GROUP COMMUNICATIONS 12 ARTHUR STREET LONDON EC4R 9AQ TEL FAX
NEWS RELEASE PRUDENTIAL PLC GROUP COMMUNICATIONS 12 ARTHUR STREET LONDON EC4R 9AQ TEL 020 7220 7588 FAX 020 7548 3725 www.prudential.co.uk 9.15 am (UK Time) 6 May 2015 PRUDENTIAL PLC FIRST QUARTER 2015
More informationInterim Results 2017
Interim Results 2017 2 Disclaimer Cautionary statements: This should be read in conjunction with the documents distributed by Aviva plc (the Company or Aviva ) through The Regulatory News Service (RNS).
More informationPrudential plc 2014 Full Year Results
Prudential plc 2014 Full Year Results Delivering Growth and Cash 10 March 2015 1 This document may contain forward-looking statements with respect to certain of Prudential's plans and its goals and expectations
More informationPerformance update: 9M-FY2019. January 22, 2019
Performance update: 9M-FY2019 January 22, 2019 Agenda Company strategy and performance Opportunity Industry overview Image to be pasted Agenda Company strategy and performance Opportunity Industry overview
More informationForward looking statements
Legal & General Group plc Capital Markets Event December 2016 Forward looking statements Introduction Nigel Wilson Capital markets event objectives Ambition: to repeat operating performance achieved in
More informationAdditional Unaudited Financial Information (New Business and Value of in-force) 35
European Embedded Value (EEV) basis results Page Operating profit based on longer-term investment returns 1 Summarised consolidated income statement 2 Movement in shareholders equity 3 Summary statement
More informationFunds under management in core operations up 6% to billion
Old Mutual plc For the three months ended 31 March 2012 Business improvement continues Funds under management in core operations up 6% to 284.2 billion NCCF of 3.7 billion, USAM NCCF 2.5 billion Sale of
More informationContent. 03 Overview of results. 17 Regional analysis of embedded value. 54 Independent Opinion Basis of preparation 02 1.
Market Consistent Embedded Value Report 2012 Content 02 Introduction 02 1.1 Basis of preparation 02 1.2 Covered business 03 Overview of results 03 2.1 Embedded value results 04 2.2 New business 06 2.3
More informationHalf Year Earnings Press conference August 2, 2018
Half Year Earnings 2018 Press conference August 2, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationStandard Life plc Interim Management Statement three months to 31 March April 2009
Standard Life plc Interim Management Statement three months to ch 30 April Net flows reflect our decision not to renew lower margin bulk investment bond deals Worldwide life and pensions net inflows of
More informationGrowing capital generation
Growing capital generation Rutger Zomer December 1, 2017 CFO Aegon the Netherlands Helping people achieve a lifetime of financial security 1 Summary Strong execution Shift to fee and protection businesses
More informationAviva plc Interim Results 2018
Aviva plc Interim Results 2018 Disclaimer Cautionary statements: This should be read in conjunction with the documents distributed by Aviva plc (the Company or Aviva ) through The Regulatory News Service
More informationIRISH LIFE ASSURANCE PLC
IRISH LIFE ASSURANCE PLC Step-up Perpetual Capital Notes Presentation to European Fixed Income Investors Peter Fitzpatrick, Group Finance Director David McCarthy, Group Chief Financial Officer David Gantly,
More information