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Operational cash generation up 19% to £498m (H1 2010: £417m) net cash generation up 14% to £427m (H1 2010: £373m)
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Interim dividend up 25% to 1.66p per share (H1 2010: 1.33p per share)
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Worldwide sales up 4% to £920m APE (H1 2010: £881m APE)
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IFRS operating profit £523m (H1 2010: £542m)
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IFRS profit before tax £473m (H1 2010: £537m)
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EEV operating profit 12% higher at £662m (H1 2010: £589m)
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EEV per share up 5% to 139p (31/12/2010: 132p)
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IGD surplus £4.0bn (31/12/2010: £3.7bn)
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Annualised IFRS return on equity1 14.6% (H1 2010: 18.6%)
Tim Breedon, Group Chief Executive, said:
"In the first half of 2011, Legal & General has continued to deliver on our key metrics. Continued strong cash generation and confidence in our future prospects has led the Board to increase the interim dividend by a further 25% to 1.66p per share.
"We remain confident in our business model and strategy. Our leading market positions in UK savings, annuities, protection and asset management are delivering healthy returns for shareholders. Sales volumes continue to grow, and we are developing attractive new businesses both in the UK and internationally.
"Economic uncertainties remain, volatility continues in financial markets and the life assurance sector is entering a period of significant regulatory change. In these conditions it is prudent to maintain a strong balance sheet. Our IGD surplus of £4bn provides sufficient capital to exploit opportunities as they emerge, to continue to grow the business and to provide protection from economic and regulatory risks."
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