FINANCIAL STATEMENTS
STRATEGIC REPORT
GOVERNANCE
WHO WE CREATE VALUE FOR:
SHAREHOLDERS By managing our resources
effectively we generate profits in excess of our cost of capital. We manage our capital conservatively and are focused on increasing our organic capital generation.
Our products and services are
distributed via our multi-channel model
CUSTOMERS We use our medical underwriting to fairly optimise the returns for our customers.
PARTNERS Corporate clients: we create opportunities and solve problems for companies using our scalable retirement focused solutions. Trustees and scheme sponsors: we provide member security and de-risk pension liabilities.
INNOVATION Innovatively utilising reinsurance tools to improve our capital position This includes: • Defined benefit de-risking partnering model. • Reinsurance options on new and existing business. • No-negative equity guarantee hedge risk transfer solution.
COLLEAGUES We develop, recognise and reward our colleagues to secure a skilled and motivated team.
ENVIRONMENT We help the environment
through how we operate and the investment decisions we make, which align with our focused sustainability strategy.
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