Corrected: UK's Standard Life H1 operating profit rises 25%
CORRECTED-UK's Standard Life H1 operating profit rises 25% Corrects dividend figure in Key Details table to GBP 0.281 from GBP 28.05
Overview
UK retirement savings specialist's H1 2026 IFRS adjusted operating profit grew 25% yr/yr
Operating cash generation for H1 2026 rose 6% yr/yr
Co announced up to £2bn partnership to expand UK PRT business
Outlook
Standard Life expects mid-single digit percentage growth in operating cash generation annually
Company remains on track to achieve c.£1.1 bln IFRS adjusted operating profit in 2026
Standard Life to outline post-2026 strategic priorities and new financial guidance on November 30
Result Drivers
PENSIONS AND SAVINGS GROWTH - Co said higher assets under administration, improved margins, and product innovation drove strong earnings in Pensions and Savings
RETIREMENT SOLUTIONS CONTRIBUTION - Co said disciplined participation in Pension Risk Transfer and annuities markets supported growth in Retirement Solutions
COST EFFICIENCIES - Co said cumulative run-rate cost savings and operational efficiencies improved profitability
Company press release: ID:nRSG6418Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Dividend |
| GBP 0.281 |
|
H1 IFRS Adjusted Operating Profit |
| GBP 563 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy"
Wall Street's median 12-month price target for Standard Life PLC is GBp882.50, about 5.4% below its September 4 closing price of GBp932.50
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Sept 7 - UK's finance minister Healey walks fiscal tightrope before first budget
Sept 7 - Options for UK finance minister Healey to tax wealth in October's budget
Sept 4 - Bank of England's Bailey sees long-term pressures driving up government debt
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)