[Legal & General]
Annual Report and Accounts 2010

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Our results.

WE COMBINE STRATEGIC CLARITY, OPERATIONAL EXCELLENCE AND FINANCIAL STRENGTH TO DELIVER SUSTAINABLE BENEFITS FOR CUSTOMERS, BUSINESS PARTNERS, SHAREHOLDERS AND EMPLOYEES.

HIGHLIGHTS

  • IFRS OPERATING PROFIT BEFORE TAX £1,002M (2009: £1,109M)
    IFRS PROFIT BEFORE TAX1 £1,092M (2009: £1,074M)

  • EARNINGS PER SHARE 14.07P (2009: 14.82P)

  • FINAL DIVIDEND INCREASED BY 25% TO 3.42P PER SHARE ( 2009: 2.73P PER SHARE)

  • NET CASH GENERATION2 £728M VS 2010 TARGET OF £600M (2009: £699M)

  • EUROPEAN EMBEDDED VALUE (EEV) PER SHARE UP 16% TO 132P (2009: 114P)

  • WORLDWIDE SALES UP 28% TO £1.8BN APE
    (2009: £1.4BN)

  • NET ASSET FLOWS £9.7BN (2009: £10.5BN)

 

RETURN ON EQUITY

18.2%

(2009: 22.2%)

FULL YEAR DIVIDEND

4.75p

(2009: 3.84p)

INSURANCE GROUPS DIRECTIVE (IGD) CAPITAL SURPLUS3

£3.7bn

(2009: £3.1bn)

FINANCIAL STRENGTH4

AA-

Total Shareholder Return – Bar chart showing a comparison of 2008 (-28%) 2009 (11%) and 2010 (25%) (bar chart)

1 IFRS Profit before tax attributed to shareholders
2 See Operational cash generation section for a full breakdown of net cash generation
3 Figures after accrual of proposed dividend, based on draft unaudited regulatory returns
4 Standard & Poor’s Financial Strength rating for Legal & General Assurance Society Limited. As at 16 March 2011.