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First quarter 2014 update
- Value of new business up 13% to £228m1
- Combined operating ratio 97.7% (1Q13:95.5%)
- IFRS net asset value up 6% to 286p
- Pro forma economic capital2 surplus £7.8bn
A final dividend of 9.4p was paid on 16 May 2014 to ordinary shareholders on the Register of Members on 4 April 2014.
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1. In constant currency: excludes Eurovita, Aseval and Malaysia
2. The pro forma economic capital surplus includes the benefit from strategic transactions completed in 1Q14. The economic capital surplus represents an estimated position.