Annual Report and Accounts 2007

Review of the Year

Financial Key Performance Indicators summary

  2007 2006
IFRS underlying loss/profit before tax -£46m £400m
Shareholder cash generation £177m £340m
Contribution from new business £206m £204m
Internal rate of return on new business 14.4% 12.7%
Cash payback on new business 9 years 9 years
EEV underlying profit before tax £16m £509m
Pro forma embedded value £3,725m £3,660m
Group solvency excess capital resources £1.3bn* £1.0bn
Dividend per share 8.00p 7.85p
IFRS underlying dividend cover -0.2 times 2.3 times
Total shareholder return -21.5% 19.0%

* estimated

Further information can be found here. IFRS loss before tax from continuing operations and Loss per share are set out in Profitability on the IFRS basis.