Insurer Is Buoyed by Significant Profit Rise

The JournalAugust 11, 2011

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Summary


STANDARD Life has said it is well placed to benefit from market and regulatory changes after it delivered better-than-expected profits.

The Edinburgh-based insurer posted operating profits of pounds 262m in the six months to June 30, up 44% on a year earlier after ongoing cost-cutting measures and a 16% rise in new business sales to pounds 11.2bn.

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Extract


Insurer Is Buoyed by Significant Profit Rise

Standard's shares jumped after the results, which chief executive David Nish said repres...

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