Finance and Capital Management
Capital generation¹
FY 2018 and H1 2019
FY 2018 movement
0.0
1.8
(0.1)
(0.3)
(0.4)
Own Funds
surplus
3.0
Total capital generation £1.5bn
4.0
H1 2019 movement
0.4
0.8
(0.1)
(0.1)
(1.1)
Total capital generation £0.9bn
3.9
£bn
FY 2017¹
Operating
capital
generation
Dividends &
Economic
variances
Other
movements
Tax
capital
FY 2018
movements
Operating
capital
generation
Economic
variances
Other
movements
Tax
Dividends &
capital
movements
H1 2019
Own Funds
9.1
1.6
(0.4)
(0.1)
(0.2)
(0.4)
9.6
0.5
0.7
(0.1)
(0.2)
(1.1)
9.5
SCR
6.1
(0.2)
(0.4)
0.0
0.1
5.6
(0.2)
0.3
0.0
(0.1)
0.0
5.6
Surplus
3.0
1.8
0.0
(0.1)
(0.3)
(0.4)
4.0
0.8
0.4
(0.1)
(0.1)
(1.1)
3.9
S-II Ratio
149%
1. M&G plc Group before pro forma adjustments; 2. Adjusted for transfer of Hong Kong to Prudential Asia and reinsurance of part of annuity portfolio to Rothesay
172%
169%
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