RNS Number : 1757S
Legal & General Group Plc
05 November 2013
 



New Business

 



Investment management assets under management



  









  




Liability





  




driven

Active




  



Index

invest-

fixed

Active

Property


  



funds

ments

interest

equities

& other

Total

Nine months ended 30 September 2013


£bn

£bn

£bn

£bn

£bn

£bn

  









  









At 1 January 2013


243.2  

64.0  

82.2  

7.7  

8.9  

406.0  

Gross inflows1, 2



25.2  

8.0  

8.2  

0.1  

0.6  

42.1  

Gross outflows1 



(23.3)

(4.0)

(3.4)

(0.4)

(0.1)

(31.2)

  









  









Net flows



1.9  

4.0  

4.8  

(0.3)

0.5  

10.9  

Market and other movements



19.9  

3.5  

0.7  

0.6  

1.0  

25.7  

  









  









At 30 September 2013


265.0  

71.5  

87.7  

8.0  

10.4  

442.6  

  









  









  









  




Liability





  




driven

Active




  



Index

invest-

fixed

Active

Property


  



funds

ments

interest

equities

& other

Total

Nine months ended 30 September 2012


£bn

£bn

£bn

£bn

£bn

£bn

  









  









At 1 January 2012


224.2  

58.4  

72.4  

7.2  

9.0  

371.2  

Gross inflows1 



16.1  

4.0  

5.2  

- 

0.2  

25.5  

Gross outflows1 



(15.7)

(3.0)

(3.7)

(0.1)

-  

(22.5)

  









  









Net flows



0.4  

1.0  

1.5  

(0.1)

0.2  

3.0  

Market and other movements



11.4  

(1.3)

6.4  

0.3  

(0.3)

16.5  

  









  









At 30 September 2012


236.0  

58.1  

80.3  

7.4  

8.9  

390.7  

  









  









  









  







9 

9 

  







months

months

  







to

to

  







30.09.13

30.09.12

  







£bn

£bn

  









  









LGIM total net flows







10.9  

3.0  

Attributable to:









- UK  







(2.9)

(0.9)

- International 2 







13.9  

5.5  

- Unit trusts1 







(0.1)

(1.6)

  









  









1. Includes unit trust business, both retail and institutional, now part of LGIM, following the organisational changes effective from 1 July 2013.


2. Includes the addition of £2.9bn of Legal & General France assets.


  









  









Investment management assets under management quarterly progression

  









  




Liability





  




driven

Active




  



Index

invest-

fixed

Active

Property


  



funds

ments

interest

equities

& other

Total

Nine months ended 30 September 2013


£bn

£bn

£bn

£bn

£bn

£bn

  









  









At 1 January 2013


243.2  

64.0  

82.2  

7.7  

8.9  

406.0  

Gross inflows1 



11.1  

1.1  

2.1  

- 

0.1  

14.4  

Gross outflows1 



(7.1)

(1.1)

(0.9)

- 

- 

(9.1)

  









  









Net flows



4.0  

- 

1.2  

- 

0.1  

5.3  

Market and other movements



20.1  

7.4  

1.4  

0.7  

0.3  

29.9  

  









  









At 31 March 2013


267.3  

71.4  

84.8  

8.4  

9.3  

441.2  

  









  









Gross inflows1 



6.1  

4.7  

1.3  

- 

0.2  

12.3  

Gross outflows1 



(7.9)

(1.0)

(0.5)

(0.3)

(0.1)

(9.8)

  









  









Net flows



(1.8)

3.7  

0.8  

(0.3)

0.1  

2.5  

Market and other movements



(3.4)

(4.2)

(2.7)

(0.4)

- 

(10.7)

  









  









At 30 June 2013


262.1  

70.9  

82.9  

7.7  

9.4  

433.0  

  









  









Gross inflows1, 2



7.9  

2.2  

4.9  

0.1  

0.3  

15.4  

Gross outflows1 



(8.3)

(1.9)

(2.0)

(0.1)

- 

(12.3)

  









  









Net flows



(0.4)

0.3  

2.9  

- 

0.3  

3.1  

Market and other movements



3.3  

0.3  

1.9  

0.3  

0.7  

6.5  

  









  









At 30 September 2013


265.0  

71.5  

87.7  

8.0  

10.4  

442.6  

  









 

  









  




Liability

Active




  



Index

driven

fixed

Active

Property


  



funds

investments

interest

equities

& other

Total

Nine months ended 30 September 2012


£bn

£bn

£bn

£bn

£bn

£bn

  









  









At 1 January 2012


224.2  

58.4  

72.4  

7.2  

9.0  

371.2  

Gross inflows1 



4.6  

1.8  

1.8  

- 

0.1  

8.3  

Gross outflows1 



(4.6)

(1.1)

(0.4)

(0.1)

- 

(6.2)

  









  









Net flows



- 

0.7  

1.4  

(0.1)

0.1  

2.1  

Market and other movements



9.1  

(0.1)

0.5  

0.4  

(0.3)

9.6  

  









  









At 31 March 2012


233.3  

59.0  

74.3  

7.5  

8.8  

382.9  

  









  









Gross inflows1 



4.4  

1.7  

2.0  

- 

0.1  

8.2  

Gross outflows1 



(5.4)

(0.4)

(1.3)

- 

- 

(7.1)

  









  









Net flows



(1.0)

1.3  

0.7  

- 

0.1  

1.1  

Market and other movements



(5.3)

0.9  

2.2  

(0.5)

- 

(2.7)

  









  









At 30 June 2012


227.0  

61.2  

77.2  

7.0  

8.9  

381.3  

  









  









Gross inflows1 



7.1  

0.5  

1.4  

- 

- 

9.0  

Gross outflows1 



(5.7)

(1.5)

(2.0)

- 

- 

(9.2)

  









  









Net flows



1.4  

(1.0)

(0.6)

- 

- 

(0.2)

Market and other movements



7.6  

(2.1)

3.7  

0.4  

- 

9.6  

  









  









At 30 September 2012


236.0  

58.1  

80.3  

7.4  

8.9  

390.7  

  









  









  









1. Includes unit trust business, both retail and institutional, now part of LGIM, following the organisational changes effective from 1 July 2013.

2. Includes the addition of £2.9bn of Legal & General France assets.

 

 

Investment management assets under management quarterly progression (continued)

 

  








 

  

3 

3 

3 

3 

3 

3 

3 

 

  

months

months

months

months

months

months

months

 

  

to

to

to

to

to

to

to

 

  

30.09.13

30.06.13

31.03.13

31.12.12

30.09.12

30.06.12

31.03.12

 

  

£bn

£bn

£bn

£bn

£bn

£bn

£bn

 

  








 

  








 

LGIM total net flows

3.1 

2.5  

5.3  

2.1  

(0.2)

1.1  

2.1  

 

Attributable to:








 

- UK  

(3.4)

1.7  

(1.2)

0.4  

(2.6)

0.2  

1.5  

 

- International 1 

6.4  

0.8  

6.7  

2.2  

3.2  

1.2  

1.1  

 

- Unit trusts2 

0.1 

- 

(0.2)

(0.5)

(0.8)

(0.3)

(0.5)

 

  








 

  








 

1. Includes the addition of £2.9bn of Legal & General France assets.

 

2. Includes unit trust business, both retail and institutional, now part of LGIM, following the organisational changes effective from 1 July 2013.

 

 

 

Assets under administration

  

  


  


  


  


  

  


  


  


  


  

  


Consol-


  


  


  

Mature


idation


Retail


  

Suffolk

  

Retail

Work-

adjust-

Total

Invest-


  

Life

Platforms1 

Savings2 

place

ment3 

LGAS

ments4 

Annuities

Nine months ended 30 September 2013  

£bn

£bn

£bn

£bn

£bn

£bn

£bn

£bn

  


  

  


  


  


  


  

  


  


  


At 1 January 2013

5.1 

8.6 

36.2 

6.0 

(1.4)

54.5  

15.6 

32.2  

Gross inflows5 

0.9 

6.4 

1.1 

1.5 

(0.1)

9.8  

2.6 

3.7  

Gross outflows

(0.3)

(2.1)

(4.0)

(0.4)

0.3  

(6.5)

(2.7)

- 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(1.5)

  


  

  


  


  


  


  

  


  


  


Net flows

0.6  

4.3  

(2.9)

1.1  

0.2  

3.3  

(0.1)

2.2  

Cofunds acquisition

- 

45.7  

- 

- 

(5.4)

40.3  

(1.2)

- 

Market and other movements

0.4  

(0.3)

2.7  

0.8  

- 

3.6  

1.2  

- 

  


  

  


  


  


  


  

  


  


  


At 30 September 2013

6.1  

58.3  

36.0  

7.9  

(6.6)

101.7  

15.5  

34.4  

  


  

  


  


  


  


  

  


  


  


  


  

  


  


  


  


  

  


Consol-


  


  


  

Mature


idation


Retail


  

Suffolk

  

Retail

Work-

adjust-

Total

Invest-


  

Life

Platforms1 

Savings2 

place

ment3 

LGAS

ments4 

Annuities

Nine months ended 30 September 2012  

£bn

£bn

£bn

£bn

£bn

£bn

£bn

£bn

  


  

  


  


  


  


  

  


  


  


At 1 January 2012

4.3  

6.7  

36.4  

3.8  

(1.2)

50.0  

14.9  

28.4  

Gross inflows

0.6  

2.2  

1.7  

1.5  

(0.1)

5.9  

1.9  

1.4  

Gross outflows

(0.2)

(1.3)

(4.0)

(0.4)

0.1  

(5.8)

(2.4)

- 

Payments to annuitants

- 

- 

- 

- 

-

- 

- 

(1.2)

  


  

  


  


  


  


  

  


  


  


Net flows

0.4  

0.9  

(2.3)

1.1  

-

0.1  

(0.5)

0.2  

Market and other movements

0.2  

0.5  

2.0  

0.4  

(0.1)

3.0  

1.0  

1.9  

  


  

  


  


  


  


  

  


  


  


At 30 September 2012

4.9  

8.1  

36.1  

5.3  

(1.3)

53.1  

15.4  

30.5  

  


  

  


  


  


  


  

  


  


  


1. Platforms includes Investor Portfolio Services (IPS) and Cofunds.

  


2. Mature retail savings products includes With-profit products, bonds and retail pensions.

  


3. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.

4. Retail Investments includes unit trust products (both LGIM and externally managed) and structured products (deposits and investments).

5. Platforms gross inflows include Cofunds institutional net flows.

  


  

  


  


  


 

 

Assets under administration quarterly progression

  


  


  


  

  


  


  


  


  

  


Consol-


  


  


  

Mature


idation


Retail


  

Suffolk

  

Retail

Work-

adjust-

Total

Invest-


  

Life

Platforms1 

Savings2 

place

ment3 

LGAS

ments4 

Annuities

Nine months ended 30 September 2013

£bn

£bn

£bn

£bn

£bn

£bn

£bn

£bn

  


  

  


  


  


  


  

  


  


  


At 1 January 2013

5.1  

8.6  

36.2  

6.0  

(1.4)

54.5  

15.6  

32.2  

Gross inflows

0.2  

0.2  

0.4  

0.5  

- 

1.3  

0.7  

0.8  

Gross outflows

(0.1)

(0.2)

(1.2)

(0.2)

0.1  

(1.6)

(1.0)

- 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.5)

  


  

  


  


  


  


  

  


  


  


Net flows

0.1  

- 

(0.8)

0.3  

0.1  

(0.3)

(0.3)

0.3  

Market and other movements

0.3  

0.5  

1.7  

0.6  

(0.1)

3.0  

1.0  

0.7  

  


  

  


  


  


  


  

  


  


  


At 31 March 2013

5.5  

9.1  

37.1  

6.9  

(1.4)

57.2  

16.3  

33.2  

  


  

  


  


  


  


  

  


  


  


Gross inflows5 

0.3  

1.7  

0.4  

0.5  

- 

2.9  

1.0  

0.6  

Gross outflows

(0.1)

(0.7)

(1.4)

(0.1)

- 

(2.3)

(0.9)

- 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.5)

  


  

  


  


  


  


  

  


  


  


Net flows

0.2  

1.0  

(1.0)

0.4  

- 

0.6  

0.1  

0.1  

Cofunds acquisition

- 

45.7  

- 

- 

(5.4)

40.3  

(1.2)

- 

Market and other movements

- 

(2.1)

(0.4)

- 

0.3  

(2.2)

(0.3)

(1.2)

  


  

  


  


  


  


  

  


  


  


At 30 June 2013

5.7  

53.7  

35.7  

7.3  

(6.5)

95.9  

14.9  

32.1  

  


  

  


  


  


  


  

  


  


  


Gross inflows5 

0.4  

4.5  

0.3  

0.5  

(0.1)

5.6  

0.9  

2.3  

Gross outflows

(0.1)

(1.2)

(1.4)

(0.1)

0.2  

(2.6)

(0.8)

- 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.5)

  


  

  


  


  


  


  

  


  


  


Net flows

0.3  

3.3  

(1.1)

0.4  

0.1  

3.0  

0.1  

1.8  

Market and other movements

0.1  

1.3  

1.4  

0.2  

(0.2)

2.8  

0.5  

0.5  

  


  

  


  


  


  


  

  


  


  


At 30 September 2013

6.1  

58.3  

36.0  

7.9  

(6.6)

101.7  

15.5  

34.4  

  


  

  


  


  


  


  

  


  


  


1. Platforms includes Investor Portfolio Services (IPS) and Cofunds.

  


2. Mature retail savings products includes With-profit products, bonds and retail pensions.

  


3. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.

4. Retail Investments includes unit trust products (both LGIM and externally managed) and structured products (deposits and investments).

5. Platforms gross inflows include Cofunds institutional net flows.

 

 

 

Assets under administration quarterly progression (continued)

  


  


 



  

  


  


  


 



  

  


Consol-


  


 



  

Mature


idation


Retail


 


Suffolk

  

Retail

Work-

adjust-

Total

Invest-


 


Life

Platforms1 

Savings2 

place

ment3 

LGAS

ments4 

Annuities

 

Nine months ended 30 September 2012

£bn

£bn

£bn

£bn

£bn

£bn

£bn

£bn

 



  

  


  


  


 



  

  


  


  


 

At 1 January 2012

4.3  

6.7  

36.4  

3.8  

(1.2)

50.0  

14.9  

28.4  

 

Gross inflows

0.2  

0.5  

0.6  

0.4  

- 

1.7  

0.7  

0.3  

 

Gross outflows

(0.1)

(0.2)

(1.3)

- 

- 

(1.6)

(1.1)

- 

 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.4)

 



  

  


  


  


 



  

  


  


  


 

Net flows

0.1  

0.3  

(0.7)

0.4  

- 

0.1  

(0.4)

(0.1)

 

Market and other movements

0.2  

0.4  

1.8  

0.3  

(0.1)

2.6  

0.7  

0.1  

 



  

  


  


  


 



  

  


  


  


 

At 31 March 2012

4.6  

7.4  

37.5  

4.5  

(1.3)

52.7  

15.2  

28.4  

 



  

  


  


  


 



  

  


  


  


 

Gross inflows

0.2  

0.8  

0.5  

0.4  

- 

1.9  

0.7  

0.3  

 

Gross outflows

(0.1)

(0.4)

(1.2)

(0.1)

- 

(1.8)

(0.6)

- 

 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.4)

 



  

  


  


  


 



  

  


  


  


 

Net flows

0.1  

0.4  

(0.7)

0.3  

- 

0.1  

0.1  

(0.1)

 

Market and other movements

(0.1)

(0.3)

(0.7)

(0.2)

- 

(1.3)

(0.2)

0.6  

 



  

  


  


  


 



  

  


  


  


 

At 30 June 2012

4.6  

7.5  

36.1  

4.6  

(1.3)

51.5  

15.1  

28.9  

 



  

  


  


  


 



  

  


  


  


 

Gross inflows

0.2  

0.9  

0.6  

0.7  

(0.1)

2.3  

0.5  

0.8  

 

Gross outflows

- 

(0.7)

(1.5)

(0.3)

0.1  

(2.4)

(0.7)

- 

 

Payments to annuitants

- 

- 

- 

- 

- 

- 

- 

(0.4)

 



  

  


  


  


 



  

  


  


  


 

Net flows

0.2  

0.2  

(0.9)

0.4  

- 

(0.1)

(0.2)

0.4  

 

Market and other movements

0.1  

0.4  

0.9  

0.3  

- 

1.7  

0.5  

1.2  

 



  

  


  


  


 



  

  


  


  


 

At 30 September 2012

4.9  

8.1  

36.1  

5.3  

(1.3)

53.1  

15.4  

30.5  

 



  

  


  


  


 



  

  


  


  


 



  

  


  


  


 

1. Platforms includes Investor Portfolio Services (IPS) and Cofunds.

  


 

2. Mature retail savings products includes With-profit products, bonds and retail pensions.

  


 

3. Consolidation adjustment represents Suffolk Life and Mature Retail Savings assets included in the Platforms column.

 

4. Retail Investments includes unit trust products (both LGIM and externally managed) and structured products (deposits and investments).

 

 

 

Worldwide new business  








 

  









 

  


Annual

Single


Annual

Single



 

  


premiums

premiums

APE

premiums

premiums

APE

APE

 

  


30.09.13

30.09.13

30.09.13

30.09.12

30.09.12

30.09.12

31.12.12

 

  


£m

£m

£m

£m

£m

£m

£m

 

  









 

  









 

Annuities









 

 - Individual


- 

1,077 

108 

- 

872 

87 

132 

 

 - Bulk purchase


- 

2,613 

261 

- 

475 

48 

102 

 

  









 

  









 

Total Annuities1 


- 

3,690 

369 

- 

1,347 

135 

234 

 

  









 

  









 

Group Protection


57 

- 

57 

57 

- 

57 

70 

 

Retail Protection


105 

- 

105 

108 

- 

108 

151 

 

France (LGF)


25 

186 

44 

26 

164 

42 

61 

 

Netherlands (LGN)


7 

84 

15 

9 

67 

16 

21 

 

Workplace Savings


434 

608 

495 

257 

716 

329 

614 

 

Platforms (Cofunds & IPS)2 


25 

1,638 

189 

48 

1,629 

211 

273 

 

Suffolk Life

- 

894 

89 

- 

591 

59 

77 

 

Mature Retail Savings3 


8 

570 

65 

14 

1,014 

115 

150 

 

With-profits


38 

62 

44 

46 

300 

76 

92 

 

  









 

  









 

Total LGAS


699 

4,042 

1,103 

565 

4,481 

1,013 

1,509 

 

  









 

  









 

Retail Investments4 


9 

2,628 

272 

8 

1,784 

186 

241 

 

  









 

  









 

US Protection


73 

- 

73 

66 

- 

66 

90 

 

  









 

  









 

India (26% share)


5 

42 

9 

5 

19 

7 

9 

 

Egypt (55% share)


10 

- 

10 

11 

- 

11 

14 

 

Gulf (50% share)


2 

2 

2 

3 

6 

4 

5 

 

  









 

  









 

Total emerging markets new business


17 

44 

21 

19 

25 

22 

28 

 

  









 

  









 

Total worldwide new business


798 

10,404 

1,838 

658 

7,637 

1,422 

2,102 

 

  









 

  









 

1. Total Annuities new business excludes £175m (2012: £nil) of APE in relation to longevity insurance transactions. It is not included in the table due to the unpredictable deal flow from this type of business.

 

2. Platforms APE includes retail business only.

 

3. Includes bonds and retail pensions.

 

4. Includes retail unit trusts and structured products.

 

 

 

Worldwide new business APE quarterly progression  





  









  


3 

3 

3 

3 

3 

3 

3 

  


months

months

months

months

months

months

months

  


to

to

to

to

to

to

to

  


30.09.13

30.06.13

31.03.13

31.12.12

30.09.12

30.06.12

31.03.12

  


£m

£m

£m

£m

£m

£m

£m

  









  









Annuities









 - Individual  


33 

35 

40 

45 

35 

26 

26 

 - Bulk purchase


194 

31 

36 

54 

41 

3 

4 

  









  









Total Annuities


227 

66 

76 

99 

76 

29 

30 

  









  









Group Protection


17 

20 

20 

13 

20 

25 

12 

Retail Protection


40 

38 

27 

43 

36 

36 

36 

France (LGF)


7 

6 

31 

19 

4 

18 

20 

Netherlands (LGN)


4 

4 

7 

5 

5 

5 

6 

Workplace Savings


166 

127 

202 

285 

159 

76 

94 

Platforms (Cofunds & IPS)1 


94 

69 

26 

62 

78 

83 

50 

Suffolk Life


39 

31 

19 

18 

19 

19 

21 

Mature Retail Savings2 


21 

22 

22 

35 

39 

36 

40 

With-profits


13 

14 

17 

16 

18 

30 

28 

  









  









Total LGAS


401 

331 

371 

496 

378 

328 

307 

  









  









Retail Investments3 


94 

104 

74 

55 

49 

70 

67 

  









  









US Protection


28 

23 

22 

24 

24 

22 

20 

  









  









India (26% share)


2 

1 

6 

2 

1 

1 

5 

Egypt (55% share)


3 

3 

4 

3 

3 

4 

4 

Gulf (50% share)


1 

- 

1 

1 

2 

1 

1 

  









  









Total emerging markets new business

6 

4 

11 

6 

6 

6 

10 

  









  









Total worldwide new business


756 

528 

554 

680 

533 

455 

434 

  









  









1. Platforms APE includes retail business only.

2. Includes bonds and retail pensions.

3. Includes retail unit trusts and structured products only.

 

 

Overseas new business in local currency  





  









  


Annual

Single


Annual

Single



  


premiums

premiums

APE

premiums

premiums

APE

APE

  


30.09.13

30.09.13

30.09.13

30.09.12

30.09.12

30.09.12

31.12.12

  









  









US Protection ($m)


113 

- 

113 

104 

- 

104 

142 

  









France (LGF) (€m)


30 

214 

51 

32 

203 

52 

75 

  









Netherlands (LGN) (€m)


8 

98 

18 

12 

76 

20 

27 

  









India (Rs m) - Group's 26% interest


427 

3,903 

817 

449 

1,534 

602 

790 

  









Egypt (Pounds m) - Group's 55% interest

107 

- 

107 

106 

- 

106 

134 

  









Gulf (US$m) - Group's 50% interest


3 

3 

3 

5 

9 

6 

7 

  









  









  









 

 

Gross written premiums on insurance business







  

  








  

  



9 months

9 months

Year



  

  



to

to

ended



  

  



30.09.13

30.09.12

31.12.12

 


  

  



£m

£m

£m



  

  








  

  






Group Protection


  

  



282 

265 

322 

Retail Protection


  

  



734 

703 

946 

France (LGF)


  

  



127 

119 

159 

Netherlands (LGN)


  

  



41 

35 

47 

General Insurance


  

  



280 

252 

349 

US Protection


  

  



482 

428 

584 



  

  








  

  






Total


  

  



1,946 

1,802 

2,407 



  

  








  

  






 

 

Gross written premiums on insurance business - quarterly progression












3 

3 

3 

3 

3 

3 

3 



months

months

months

months

months

months

months



to

to

to

to

to

to

to



30.09.13

30.06.13

31.03.13

31.12.12

30.09.12

30.06.12

31.03.12

 


£m

£m

£m

£m

£m

£m

£m



















Group Protection


74 

123 

85 

57 

62 

129 

74 

Retail Protection


250 

244 

240 

243 

240 

233 

230 

France (LGF)


41 

43 

43 

40 

40 

39 

40 

Netherlands (LGN)


14 

13 

14 

12 

12 

11 

12 

General Insurance


97 

97 

86 

97 

87 

82 

83 

US Protection


156 

172 

154 

156 

140 

150 

138 



















Total


632 

692 

622 

605 

581 

644 

577 



















 

 

Worldwide APE by channel  




  









  





Annual

Single



  





premiums

premiums

APE

% of

For the nine months ended 30 September 2013



£m

£m

£m

total

  









  









Retail IFA





162 

5,740 

736 

40 

Employee benefit consultants1 





548 

3,254 

873 

47 

Tied including bancassurance





68 

1,076 

176 

10 

Direct





20 

334 

53 

3 

  









  









Total  





798 

10,404 

1,838 

100 

  









  









1. Includes Lucida business.









  









  





Annual

Single



  





premiums

premiums

APE

% of

For the nine months ended 30 September 2012



£m

£m

£m

total

  









  









Retail IFA





141 

3,703 

511 

36 

Employee benefit consultants





382 

1,273 

509 

36 

Tied including bancassurance





119 

2,313 

351 

24 

Direct





16 

348 

51 

4 

  









  









Total  





658 

7,637 

1,422 

100 

  









  









  










 

Worldwide APE by channel quarterly progression  


  









  


3 

3 

3 

3 

3 

3 

3 

  


months

months

months

months

months

months

months

  


to

to

to

to

to

to

to

  


30.09.13

30.06.13

31.03.13

31.12.12

30.09.12

30.06.12

31.03.12

  


£m

£m

£m

£m

£m

£m

£m

  









  









Retail IFA


295 

259 

182 

188 

166 

176 

169 

Employee benefit consultants1 


386 

191 

296 

377 

232 

131 

146 

Tied agents including bancassurance


58 

59 

59 

103 

118 

130 

103 

Direct


17 

19 

17 

12 

17 

18 

16 

  









  









Total  


756 

528 

554 

680 

533 

455 

434 

  









1. Includes Lucida business.  









 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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