REG - Legal & General Grp - Q3 2014 Interim Management Statement <Origin Href="QuoteRef">LGEN.L</Origin> - Part 4
04/11/2014 08:06
- Part 4: For the preceding part double click ID:nRSD0465Wc
3 3 3 3 3 3 3
months months months months months months months
to to to to to to to
30.09.14 30.06.14 31.03.14 31.12.13 30.09.13 30.06.13 31.03.13
£m £m £m £m £m £m £m
Individual Annuities 13 14 24 20 33 35 40
Bulk Purchase Annuities 23 9 305 20 194 31 36
Total LGR1 36 23 329 40 227 66 76
UK Retail Protection 41 41 42 43 40 38 27
UK Group Protection 14 20 20 13 17 20 20
France 7 7 40 4 7 6 31
Netherlands 2 2 5 4 4 4 7
Workplace Savings 169 183 178 240 166 127 202
Platforms (Cofunds & IPS)2 116 114 103 99 94 69 26
Suffolk Life 29 30 35 44 39 31 19
Mature Retail Savings3 24 21 22 25 21 22 22
With-profits 13 17 18 17 13 14 17
Total LGAS 415 435 463 489 401 331 371
Retail Investments4 111 91 100 83 94 104 74
US Protection 23 24 23 26 28 23 22
India (26% share) 1 2 3 1 2 1 6
Egypt (55% share) 3 3 4 3 3 3 4
Gulf (50% share) - - 1 - 1 - 1
Total Emerging Markets new business 4 5 8 4 6 4 11
Total Worldwide new business 589 578 923 642 756 528 554
1. Total LGR new business excludes £nil (Q3 13: £175m; FY 13: £270m) 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 only.
Worldwide APE by channel
Annual Single
premiums premiums APE % of
For the nine months ended 30 September 2014 £m £m £m total
Employee benefit consultants 584 4,141 998 48
Retail independent and restricted 186 6,700 856 41
Tied including bancassurance 73 960 169 8
Direct 24 427 67 3
Total Worldwide APE by channel 867 12,228 2,090 100
Annual Single
premiums premiums APE % of
For the nine months ended 30 September 2013 £m £m £m total
Employee benefit consultants1 548 3,254 873 47
Retail independent and restricted 162 5,740 736 40
Tied including bancassurance 68 1,076 176 10
Direct 20 334 53 3
Total Worldwide APE by channel 798 10,404 1,838 100
1. Includes Lucida business since acquisition in Q3 13.
Annual Single
premiums premiums APE % of
For the year ended 31 December 2013 £m £m £m total
Employee benefit consultants1 796 3,597 1,156 47
Retail independent and restricted 228 7,871 1,015 41
Tied including bancassurance 95 1,418 237 10
Direct 27 449 72 2
Total Worldwide APE by channel 1,146 13,335 2,480 100
1. Includes Lucida business since acquisition in Q3 13.
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
30.09.14 30.06.14 31.03.14 31.12.13 30.09.13 30.06.13 31.03.13
£m £m £m £m £m £m £m
Employee benefit consultants1 219 225 554 283 386 191 296
Retail independent and restricted 295 272 289 279 295 259 182
Tied including bancassurance 51 59 59 61 58 59 59
Direct 24 22 21 19 17 19 17
Total Worldwide APE by channel 589 578 923 642 756 528 554
1. Includes Lucida business since acquisition in Q3 13.
This information is provided by RNS
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