The principal movements in the estimated Insurance Groups Directive (IGD) surplus during 2010 were:
(Download XLS:)  |
|
|
£bn |
|---|---|
|
IGD capital surplus as at 31.12.09 |
3.1 |
|
Net cash generated |
0.7 |
|
Profit after tax less net cash |
0.1 |
|
Dividends |
(0.3) |
|
US capital management programme |
0.1 |
|
IGD capital surplus as at 31.12.10 |
3.7 |
The Group continues to benefit from a strong and robust balance sheet. The estimated [IGD surplus] increased £0.6bn or 19% to £3.7bn after accruing for the 2010 final dividend. This increase was primarily due to net cash generated coupled with the IGD benefit of the US capital management programme. The IGD coverage ratio stood at 226% at the end of 2010 (2009: 224%).
