Consolidated income statement

Consolidated income statement for the year ended 31 December 2017

  1. All total earnings per share calculations are based on profit attributable to equity holders of the company.
  2. All earnings per share derived from continuing operations calculations are based on profit from continuing operations attributable to equity holders of the company.
For the year ended 31 December 2017 Notes 2017
£ million
2016
£ million
Revenue      
Gross written premiums   7,932 10,252
Outward reinsurance premiums   (1,858) (1,568)
Net change in provision for unearned premiums   23 4
Net premiums earned   6,051 8,688
Fees from fund management and investment contracts   771 851
Investment return   33,457 63,742
Operational income   212 188
Total income  1.09 40,491 73,469
       
Expenses      
Claims and change in insurance liabilities   8,326 16,908
Reinsurance recoveries   (1,776) (2,740)
Net claims and change in insurance liabilities   6,550 14,168
Change in provisions for investment contract liabilities   29,848 55,579
Acquisition costs   734 739
Finance costs   212 191
Other expenses   1,086 1,275
Total expenses   38,430 71,952
       
Profit before tax   2,061 1,517
Tax expense attributable to policyholder returns   (70) (52)
Profit before tax attributable to equity holders   1,991 1,465
Total tax expense   (239) (343)
Tax expense attributable to policyholder returns   70 52
Tax expense attributable to equity holders 3.06 (169) (291)
Profit for the year  1.09 1,902 1,265
       
Attributable to:      
Non-controlling interests   11 7
Equity holders of the company   1,891 1,258
       
Dividend distributions to equity holders of the company during the year 3.08 872 830
Dividend distributions to equity holders of the company proposed after the year end 3.08 658 616
       
     p p
Earnings per share1 1.10 31.87 21.22
Total diluted earnings per share1 1.10 31.73 21.13
       
Earnings per share derived from continuing operations2 1.10 30.52 19.68
 Diluted earnings per share derived from continuing operations2 1.10 30.38 19.59

 

Close
Loading...