INTERNATIONAL IFRS
OPERATING PROFIT
£127m
(2008: £59m)
The profitability of our established international businesses has continued to improve in 2009 and new ventures have been launched successfully during the year. Total international [IFRS] operating profit in sterling terms was £127m (2008: £59m) more than double that achieved in 2008. Our International businesses achieved premium income of £1,128m, (2008: £961m).
The International businesses contribution to operational cash is represented by dividends remitted from sustainable operational cash flows. In 2009 the USA paid a preference dividend of $6 million and the Netherlands also paid a dividend of €5 million.
(Download XLS:)  |
|
|
2009 | ||||
|---|---|---|---|---|---|
|
|
[APE] |
New business |
IFRS Operating | ||
| |||||
|
US |
49 |
4.9 |
86 | ||
|
Netherlands |
22 |
2.7 |
42 | ||
|
France |
44 |
0.1 |
4 | ||
|
Other* |
|
|
(5) | ||
|
Total |
115 |
2.6 |
127 | ||
|
|
|
|
| ||
|
|
2008 | ||||
|
|
APE |
New business |
IFRS Operating | ||
|
US |
51 |
6.3 |
39 | ||
|
Netherlands |
29 |
3.1 |
6 | ||
|
France |
39 |
0.5 |
14 | ||
|
Total |
119 |
3.6 |
59 | ||
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