Finance and Capital Management slide image

Finance and Capital Management

H1 2019 Results summary • AuMA ₤341bn Up 6% from FY 2018 driven by strong market performance PruFund AuMA up 15% to almost £50bn Headwinds remain in Retail Asset Management flows • • • • Adjusted Operating Profit £715m Pro forma Group Solvency II ratio 170% Down from £772m in H1 2018 Savings & Asset Management £34m lower, due to lower asset management fee income Continued strong profitability of Heritage Corporate centre cost up £14m, increasing as expected ahead of listing Transformation programme on-track Position at 30 June 2019 on the basis of £3.2bn subordinated debt substitution 28
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