UK: SKANDIA INCREASED PROFIT BY MORE THAN 100%
Article Abstract:
The UK division of Skandia, long-term savings and insurance group, increased its operating profit by over 100% in 2000, to GBu 175mn. Turnover from long-term savings was GBu 960mn, up from GBu 460mn in 1999. Turnover from the protection sector was GBu 3.1bn in 2000, versus GBu 1.53bn in 1999. The company's performance worldwide, with turnover of GBu 935mn in 2000, down from GBu 1.25mn in 1999, was hit by a decline in the US. In January 2001 Skandia UK had turnover of GBu 300mn, up 15% from January 2000.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: RECORD GROWTH FOR CGNU
Article Abstract:
Strong growth through independent financial advisers (IFAs) helped to boost new business sales at CGNU, the merged grouping of CGU and Norwich Union, by 18% worldwide in the first half of 2000, to GB[pound] 6.1bn. Sales in the UK grew 24% to GB[pound] 3.7bn. The two companies only merged in May 2000, and further growth is expected once integration is complete. Sales through IFAs rose 31%, and in the UK accounted for over 75% of the group's long-term business.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: SWISS LIFE REPORTS INCREASED PROTECTION INCOME
Article Abstract:
Swiss Life UK's income from new protection business rose 44% in 2000 to GBu 52.7mn. This success has led the company to relocate its 350 employees from its current centre in Crosby, Merseyside, to a new GBu 10mn site on the Albert Dock in Liverpool. A further 150 staff will be employed.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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