L&G Half-year Results 2013 - Part 1
Part 2
Part 3
DIVIDENDS UP 22% AND EARNINGS PER SHARE UP 13%
FINANCIAL HIGHLIGHTS - STRONG PERFORMANCE:
· OPERATIONAL CASH GENERATION UP 14% TO £537M (H1 2012: £471M)
NET CASH GENERATION UP 23% TO £500M (H1 2012: £407M)
· OPERATING PROFIT UP 10% TO £571M (H1 2012: £518M)
· PROFIT BEFORE TAX UP 13% TO £592M (H1 2012: £523M)
PROFIT AFTER TAX UP 15% TO £464M (H1 2012: £405M)
· EARNINGS PER SHARE UP 13% TO 7.82P (H1 2012: 6.93P)
· RETURN ON EQUITY1 16.8% (H1 2012: 15.8%)
· INTERIM DIVIDEND UP 22% TO 2.40P PER SHARE (H1 2012: 1.96P PER SHARE)
BUSINESS HIGHLIGHTS - ACCELERATING GROWTH:
· LGIM GROSS FLOWS UP 66% TO £24.9BN; NET FLOWS UP 100% TO £8.0BN
LGIM AUM £433BN (FY 2012: £406BN)
· BULK ANNUITY SALES £670M (H1 2012: £67M)
INDIVIDUAL ANNUITY SALES UP 44% TO £754M (H1 2012: £522M)
· SAVINGS AUA AFTER ACQUISITION OF COFUNDS £111BN2 (FY 2012: £70BN)
· UK PROTECTION GROSS PREMIUMS UP 3% TO £689M (H1 2012: £672M)
US PROTECTION GROSS PREMIUMS UP 10% TO $503M (H1 2012: $456M)
GENERAL INSURANCE PREMIUMS UP 10% TO £183M (H1 2012: £166M)