Core Insights - The company reported a new business profit increase of 11% to 3.078billionfortheyearendingDecember31,2024[1]−Adjustedpre−taxoperatingprofitroseby103.129 billion, while adjusted post-tax operating profit increased by 7% to 2.582billion[1]−Thecompany’sfreesurplusratiostandsat2343.078 billion, with traditional embedded value new business profit also rising by 11% [1] - Operating free surplus from insurance and asset management was 2.642billion,slightlydownfrom2.706 billion in 2023, aligning with the company's expectations for free surplus generation from 2022 to 2027 [1] - The group’s European embedded value equity was 44.2billion,downfrom45.3 billion in 2023, equivalent to 16.64pershare[1]Group2−Thecompanyhascompleted1.045 billion of its 2billionsharebuybackprogramannouncedinJune2024,withexpectationstocompletetheprogrambytheendof2025[2]−Thetotaldividendfor2024is0.2313 per share, reflecting a 13% increase, with the second interim dividend set at 0.1629pershare[2]−Totalshareholderreturnfor2024,includingsharebuybacks,isprojectedtobe1.4 billion [2]
