per share increase in Net Result Earnings
growth in New Business Volumes
return on Group Equity Value per share
Year ended 31 December 2010
Net result from financial services per share
Core earnings per share(1)
Normalised headline earnings per share(2)
Diluted headline earnings per share
Net result from financial services
Normalised headline earnings(2)
Group administration cost ratio(3)
Group operating margin(4)
New business volumes
New fund inflows
Net new covered business Value of new covered business
Net new covered business Covered business PVNBP(5)
Net new covered business New covered business margin(6)
Group Equity Value
Group Equity Value per share
Return on Group Equity Value per share(7)
Adjusted return on Group Equity Value per share(8)
Capital adequacy requirements (CAR)
CAR covered by prudential capital
(1)Core earnings = net result from financial services and net investments income (including dividends received from non-operating associates)..
(2)Normalised headline earnings = core earnings, net project expenses, net investment surpluses, secondary tax on companies and equity-accounted headline earnings less dividends received from non-operating associates, but excluding fund transfers. Headline earnings include fund transfers.
(3)Administration costs as a percentage of income after sales remuneration.
(4)Result from financial services as a percentage of income after sales remuneration.
(5)PVNBP = present value of new business premiums and is equal to the present value of new recurring premiums plus single premiums.
(6)New covered business margin = value of new covered business as a percentage of PVNBP.
(7)Growth in Group Equity Value per share (with dividends paid, capital movements and cost of treasury shares acquired reversed) as a percentage of Group Equity Value per share at the beginning of the year.
(8)Return on Group Equity Value per share, based on investment return assumptions as at the beginning of the year.
Results Press Release
2010 Annual Report