Annual Report & Accounts 2007
The company is refocused, with the prospect of becoming self-financing, and capable of funding further investment, particularly in profitable international territories.
Executive Chairman's Statement
2007 was a year of two halves. The first six months saw an improving economic background and Friends Provident making steady progress. The second half of the year was very different, with stock markets falling and Friends Provident announcing its strategic review, following the failed merger with Resolution plc and the need to deliver shareholder value. The outcome of the review was announced in January 2008, including a new strategic direction and dividend policy...Read more
The new shape of Friends Provident
The new shape of Friends Provident renews our focus on core areas of the UK market in which we are already strong and prioritises international growth via Friends Provident International...Read more
The change in strategy explained
The new strategy repositions Friends Provident towards those areas where it has true competitive advantage – protection, pensions and international life and pensions. A focus on financial rigour will result in a more selective approach to writing new business in the UK...Read more
Financial Key Performance Indicators
As part of the strategic review, a new range of financial metrics has been introduced to measure future performance. These measures focus on the company's financial priorities and these are: profitability, cash generation, dividend paying capacity, shareholder value and financial strength...Read more
Downloads
- Annual Report & Accounts 2007 (2.51Mb)
- 2007 Review of the Year (4.9Mb)
- 2007 Corporate Governance (880kb)
- 2007 Financial Statements (1Mb)
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