Finance and Capital Management

Sources of earnings Traditional With-Profits Heritage Traditional WP AUMA (£bn) Adjusted Operating Profit (£m) 84.6 (2.4) 8.4 90.6 FY 2018 Net client Market & H1 2019 flow Other 125 (34) 91 124 (27) H1 2018 H1 2019 46 97 Key Developments • AuMA up 7% over first six months of 2019, driven by strong market performance • Net client flow remains broadly stable YoY • Adjusted Operating Profit up 7% due to improved hedge result; pre-hedge shareholder transfers stable as expected Adjusted Op. Profit 36

View entire presentation