Financial results

Preliminary Results - 12 months to 31 December 2007

  • EEV operating profit before tax up 43% to £881m (2006: £614m), with diluted EEV operating EPS up 37% to 28.3p (2006: 20.7p)
  • Return on embedded value increased by 2.6% pts to 11.5% (2006: 8.9%)
  • EEV capital and cash generation after tax up 129% to £600m (2006: £262m)
  • Group EEV up 11% to £6,211m (31 December 2006: £5,608m), equivalent to 285p per share (2006: 258p)
  • New business contribution before tax up 68% to £345m (2006: £205m)
  • PVNBP1 margin increased by 0.7% pts to 2.1% (2006: 1.4%)
  • IFRS underlying profit before tax up 32% to £714m (2006: £540m), with diluted IFRS underlying EPS up 53% to 33.3p (2006: 21.8p)
  • IFRS profit before tax attributable to equity holders up 12% to £509m (2006: £453m)
  • Full year dividend of 11.5p, implying growth of 6.5%

New Business Results and twelve months to 31 December 2007

  • Worldwide life and pensions sales up 12% to £16,312m (2006: £14,599m)
  • UK life and pensions sales up 15% to a record level of £13,174m (2006: £11,436m)
    • Individual SIPP* sales up 24% to £4,538m (2006: £3,651m)
    • Group Pensions sales up 29% to £2,574m (2006: £1,989m)
    • Wrap funds under administration exceed £1bn (2006: £0.2bn)
  • Standard Life Investments worldwide investment net inflows up 39% to £6,361m (2006: £4,578m)
    • Third party funds under management up 24% to £47.7bn (31 December 2006: £38.5bn), driven by third party net inflows of £7.9bn (2006: £6.4bn)
    • Total funds under management up 9% to £143.4bn (31 December 2006: £132.1bn)
  • We expect to achieve all our financial and efficiency targets for 2007.

New Business Results and nine months to 30 September 2007

  • Worldwide life and pensions sales up 12% to £16,312m (2006: £14,599m)
  • UK life and pensions sales up 15% to a record level of £13,174m (2006: £11,436m)
    • Individual SIPP* sales up 24% to £4,538m (2006: £3,651m)
    • Group Pensions sales up 29% to £2,574m (2006: £1,989m)
    • Wrap funds under administration exceed £1bn (2006: £0.2bn)
  • Standard Life Investments worldwide investment net inflows up 39% to £6,361m (2006: £4,578m)
    • Third party funds under management up 24% to £47.7bn (31 December 2006: £38.5bn), driven by third party net inflows of £7.9bn (2006: £6.4bn)
    • Total funds under management up 9% to £143.4bn (31 December 2006: £132.1bn)
  • We expect to achieve all our financial and efficiency targets for 2007.

2007 Interim Results

  • EEV operating profit up 71% to £353m (2006: £206m)
  • New business contribution up 66% to £151m (2006: £91m)
  • PVNBP margin up to 1.8% in first half of 2007, from 1.4% in full year 2006
  • EEV up 5% to £5,911m (31 December 2006: £5,608m), equivalent to 271p per share
  • EEV cash generation up 68% to £207m (2006: £123m)
  • IFRS underlying profit 10% lower at £219m (2006: £243m), up 11% on a normalised basis
  • Interim dividend of 3.8p, representing 5.6% growth1

 

New Business Results - six months to 20 June 2007

  • Worldwide life and pensions sales1 up 31% to £8,181m (2006: £6,235m)
  • Interim results will report an increased overall margin from full year 2006
  • UK life and pensions sales up 45% to £6,954m (2006: £4,802m)
    • Individual SIPP* sales up 82% to £2,556m (2006: £1,406m)
    • Group Pensions sales up 49% to £1,487m (2006: £995m)
  • Standard Life Investments worldwide investment net inflows up 61% to £5,021m (2006: £3,120m)
    • Third party funds under management up 20% to £46.1bn (31 December 2006: £38.5bn)
    • Total funds under management up 6% to £140.6bn from £132.1bn (31 December 2006)

New Business Results - three months to 31 March 2007

  • Worldwide life and pensions sales1 up 31% to £8,181m (2006: £6,235m)
  • Interim results will report an increased overall margin from full year 2006
  • UK life and pensions sales up 45% to £6,954m (2006: £4,802m)
    • Individual SIPP* sales up 82% to £2,556m (2006: £1,406m)
    • Group Pensions sales up 49% to £1,487m (2006: £995m)
  • Standard Life Investments worldwide investment net inflows up 61% to £5,021m (2006: £3,120m)
    • Third party funds under management up 20% to £46.1bn (31 December 2006: £38.5bn)
    • Total funds under management up 6% to £140.6bn from £132.1bn (31 December 2006)