Strong Financial Performance
Operating profit increased by 20% to nearly £1.8 billion and underlying own funds generation rose 18% to £1.5 billion. Cash remittances increased to £2 billion, and return on equity was 13.6% on a Solvency II basis. Capital position remains strong at 20%.
Dividend Increase
A final dividend of 23.8p per share was announced, with the total dividend per share up 7% year-on-year.
Growth in U.K. and Ireland General Insurance
Achieved 16% growth in premiums, with personal lines growing 22% and commercial lines 12%.
Canadian Market Performance
Delivered double-digit growth despite challenging CAT season, with a leading claims net promoter score.
Wealth Segment Success
Assets on the adviser platform reached £50 billion, with overall assets nearing £200 billion.
Record Retirement Segment
Delivered record bulk purchase annuity volumes with continued support on asset origination.
Strategic Acquisition and Integration
Proposed acquisition of Direct Line expected to create a leader in U.K. personal lines with £125 million in cost synergies.