Record Growth in Operating Profit
Operating profit was up 20% to nearly £1.8 billion and underlying own funds generation increased by 18% to £1.5 billion.
Successful Expansion in U.K. and Ireland General Insurance
U.K. and Ireland General Insurance premiums grew by 16%, driven by 22% growth in personal lines and 12% in commercial lines.
Strong Performance in Canadian Market
Canada delivered double-digit growth despite challenging weather conditions, with Personal Insurance up 13%.
Increase in Dividend for Shareholders
Final dividend announced at 23.8p per share, with total dividend per share up 7% year-on-year.
Significant Growth in Wealth and Retirement
Wealth assets under management reached nearly £200 billion with continued strong net flows, and retirement saw record bulk purchase annuity volumes.
Proposed Acquisition of Direct Line
The acquisition is expected to create a leader in U.K. personal lines, with £125 million in cost synergies anticipated.