Interim results - 6 months ended 30 June 2005
Results announcement
Operating and financial review
- Group operating profit before tax
- Long-term savings
- Life EEV operating return
- Bancassurance margins – before required capital, tax and minority interests
- New business contribution – after deducting required capital, tax and minority interest
- Long-term business operating profit on an international financial reporting standard (IFRS) basis
- Fund management operating profit
- General insurance and health operating profit
- Other operations
- Corporate costs
- Unallocated interest charges
- Cost savings
- Profit on ordinary activities before tax
- Dividend
- Group capital structure
- Life new business sales
- Glossary
European Embedded Value (EEV) basis
- Summarised consolidated income statement – EEV basis
- Earnings per share – EEV basis
- Summarised consolidated statement of recognised income and expense – EEV basis
- Summarised consolidated statement of changes in equity – EEV basis
- Summarised consolidated balance sheet – EEV basis
- Segmentation of summarised consolidated balance sheet – EEV basis
- Basis of preparation – EEV basis
- EEV methodology
- Components of life EEV return
- New business contribution
- EEV basis – new business contribution before the effect of required capital, tax and minority interest
- EEV basis – new business contribution after the effect of required capital, tax and minority interest
- Post tax internal rate of return on life and pensions new business
- Experience variances
- Operating assumption changes
- Geographical analysis of life EEV operating return
- Analysis of life EEV operating return
- Analysis of movement in life and related businesses embedded value
- Segmental analysis of life and related businesses embedded value
- Time value of options and guarantees
- Minority interest in life and related businesses EEV results
- Principal economic assumptions – deterministic calculations
- Principal economic assumptions – stochastic calculations
- Other assumptions
- Sensitivity analysis – economic assumptions
- Sensitivity analysis – non-economic assumptions
IFRS basis
- Summarised consolidated income statement – IFRS basis
- Earnings per share – IFRS basis
- Reconciliation of Group operating profit to profit before tax attributable to shareholders' profits
- Summarised consolidated balance sheet – IFRS basis
- Summarised consolidated statement of recognised income and expense – IFRS basis
- Summarised consolidated statement of changes in equity – IFRS basis
- Summarised consolidated cash flow statement – IFRS basis
- 1. Basis of preparation – IFRS basis
- 2. Exchange rates
- 3. Acquisitions
- 4. Exceptional costs for termination of operations
- 5. Disposals
- 6. Geographical analysis of life IFRS operating return
- 7. Geographical analysis of fund management IFRS operating profit
- 8. Geographical analysis of general insurance and health
- 9. Other operations
- 10. Corporate costs
- 11. Unallocated interest charges
- 12. Tax
- 13. Earnings per share
- 14. Dividends and appropriations
- 15. Segmental information
Statistical supplement
- Life EEV operating return before tax
- Supplementary analyses – life and related businesses
- General insurance business only – geographical analysis
- General insurance business only – class of business analyses
- Appendix A: Group capital structure
- Appendix B: IFRS first time adoption
- Shareholder information
