- Revenue after tax attributable to fairness holders – up 12% to £2.29 billion
- Working revenue from Authorized & Basic Retirement Institutional – up 9% to £1.26 billion
- Working revenue from Authorized & Basic Capital – up 10% to £509 million
- Working revenue from Authorized & Basic Funding Administration – down 19% to £340 million
- Working revenue from Retail – up 33% to £825 million
- Group working revenue – up 12% to £2.52 billion
Of the £825 million working revenue for Retail, £173 million got here from UK insurance coverage; £168 million, US insurance coverage; and £484 million, retail retirement.
Group chief govt Sir Nigel Wilson, who’s retiring however will stay on the helm till his successor takes over, commented: “We’ve delivered one other robust lead to 2022, forward of market expectations, with working revenue of £2.5 billion and EPS (earnings per share) of 38.3p, each up 12%, money era of £1.9 billion up 14%, capital era of £1.8 billion up 10%, dividends up 5% to 19.37p, and an ROE (return on fairness) of 21%.
“Our diversified and extremely synergistic enterprise mannequin continues to ship vital advantages. Our steadiness sheet is powerful and extremely resilient, with a file solvency ratio of 236%, and we have now as soon as once more obtained 100% of money flows due from our direct investments.
“At a time when many households are being affected by the rising cost-of-living, our dedication to inclusive capitalism is extra necessary than ever to assist enhance the lives of our prospects, construct a greater society for the long run, and create worth for our shareholders.”
In the meantime, Wilson’s replacement is at present being decided through a “rigorous” course of, with each inside and exterior candidates being thought of. The departing CEO got here onboard as chief monetary officer in 2009 earlier than assuming the highest publish in 2012.