|By Robert O'Connor|
|A.M. Best Company, Inc.|
Pointing to the effects of "year-end financial market levels,"
Despite "challenging market conditions,"
Pretax operating profit from continuing operations rose 28% to 544 million pounds. Group assets under administration increased to 198.4 billion pounds from 192.9 billion pounds.
The results are evidence of the continued transformation of the group, said Chief Executive
Broken down by region,
Despite an uncertain economic outlook, Nish said
Long-term savings new business sales increased 7% to 19.7 billion pounds. Long-term savings net inflows fell to 4 billion pounds from 4.7 billion pounds.
Standard Life Investments had third-party assets under management of 71.8 billion pounds, up from 67.7 billion pounds in 2010.
The insurer said a tender for
The group said more than 1,000 firms of financial advisers had joined its Wrap delivery system.
|Copyright:||(c) 2012 A.M. Best Company, Inc.|