Interim results - 6 months ended 30 June 2008
Results announcement
Operating and financial review
- 1 – Group operating profit before tax
- 2 – Long-term savings
- 3 – Life EEV operating return
- 4 – Bancassurance margins – before required capital, tax and minority interests
- 5 – New business contribution – after required capital, tax and minority interest
- 6 – Long-term business operating profit on an International Financial Reporting Standard (IFRS) basis
- 7 – Fund management
- 8 – General insurance and health operating profit
- 9 – Other operations and regional costs
- 10 – Corporate centre
- 11 – Group debt costs and other interest
- 12 – (Loss)/profit before tax
- 13 – Taxation
- 14 – Earnings per share
- 15 – Dividends
- 16 – Pension fund deficit
- 17 – Return on equity shareholders' funds
- 18 – Capital
- Glossary
European Embedded Value (EEV) basis
- Summarised consolidated income statement – EEV basis
- Earnings per share – EEV basis
- Consolidated statement of recognised income and expense – EEV basis
- Reconciliation of movements in consolidated shareholders’ equity – EEV basis
- Summarised consolidated balance sheet – EEV basis
- Segmentation of summarised consolidated balance sheet – EEV basis
- 1 – Basis of preparation – EEV basis
- 2 – Components of life EEV return
- 3 – New business contribution
- 4 – Geographical analysis of the components of life EEV operating return
- 5 – Analysis of movement in life and related businesses embedded value
- 6 – Segmental analysis of life and related businesses embedded value
- 7 – Time value of options and guarantees
- 8 – Analysis of service companies and fund management businesses within embedded value
- 9 – Analysis of fund management operating profit
- 10 – Analysis of other operations and regional costs
- 11 – Summary of minority interest in life and related businesses’ EEV results
- 12 – Principal economic assumptions
- 13 – Sensitivity analysis
IFRS basis
- Summarised consolidated income statement - IFRS basis
- Earnings per share - IFRS basis
- Pro forma reconciliation of Group operating profit to profit before tax - IFRS basis
- Earnings per share - IFRS operating profit basis
- Consolidated statement of recognised income and expense - IFRS basis
- Reconciliation of movements in consolidated shareholders' equity - IFRS basis
- Summarised consolidated balance sheet - IFRS basis
- Summarised consolidated cash flow statement - IFRS basis
- 1 - Basis of preparation - IFRS
- 2 - Exchange rates
- 3 - Acquisitions
- 4 - Profit/(loss) on the disposal of subsidiaries and associates
- 5 - Integration and restructuring costs
- 6 - Operations classified as held for sale
- 7 - Analysis of long-term business IFRS operating profit
- 8 - Long-term business economic volatility
- 9 - Analysis of fund management operating profit
- 10 - Analysis of general insurance and health
- 11 - Analysis of other operations and regional costs
- 12 - Corporate Centre
- 13 - Group debt costs and other interest
- 14 - Tax
- 15 - Earnings per share
- 16 - Dividends and appropriations
- 17 - Segmental information
- 18 - Assets under management
- 19 - Pension schemes
- 20 - Insurance liabilities
- 21 - Liability for investment contracts
- 22 - Reinsurance assets
- 23 - Effect of changes in assumptions and estimates during the period
- 24 - Unallocated divisible surplus
- 25 - Borrowings
- 26 - Sensitivity analysis
Appendix A – Group Capital Structure
- A1 – Capital employed by segment
- A2 – Deployment of equity shareholders’ funds
- A3 – Sensitivity analysis
- A4 – Shareholders’ funds, including minority interests
- A5 – Analysis of return on capital employed
Appendix B – Cost Savings
Appendix C – Analysis of Assets
- C1 – Key highlights
- C2 –Introduction
- C3 –Total assets – Shareholder/Policyholder exposure to risk
- C4 –Total assets – Valuation bases/fair value hierarchy
- C5 –Loans
- C6 –Debt securities
- C7 –Pension fund assets
- C8 –Available funds