Life Insurance - Standard Life profits increase to £4.48 billion - 30/04/2008

 
 
  Insurance provider Standard Life, has reported profits of £4.48 billion, overshadowing its forecast of £4.08 billion.

Sales of life insurance and pensions, increased by six per cent in the UK to £3.5 billion, due to a lower number of pension claims and higher savings inflow coming into the firm. However the company did report that there was lower mortgage lending, by 46 per cent, costing the housing market £407 million.

Group chief executive Sandy Crombie said: "We have delivered a solid performance in the first quarter against a backdrop of economic uncertainty and volatile markets. While market conditions ahead appear challenging, particularly in the UK, we remain confident in our ability to outperform in the profitable segments in which we operate."

Standard Life has not only seen growth in the UK, but also internationally. Sales generated by Canadian operations increased by nine per cent in constant currency to £556 million (Canadian $1.12 billion) despite the impact of weak equity markets.

Combined sales from joint ventures in India, China and in Hong Kong operations, increased by 84 per cent on an APE basis despite volatile market conditions.
 
     
 
 

Compare Life Insurance

 
 
Compare over 30 insurers.
 
  Compare Now  
 

Life Insurance Money Saving Tips

 
 
Our tips can help save you money when looking for Life Insurance.
 
  Information  
 
  29/06/2008 - Reduce your life insurance premiums by going naked
18/08/2008 - Women wonder over life insurance
15/08/2008 - Knowing your worth
 
  Life insurance for the young
 
  08/07/2008 - Life insurance – Genetic tests are postponed
15/06/2008 - Life insurance for less
03/06/2008 - British troops to pay extra for life insurance as overseas casualties increase
Life Insurance Guides Quick Guides
Life insurance for the young