October 25, 2014 9:22 PM ET

Insurance

Company Overview of The Royal London Mutual Insurance Society Limited

Company Overview

The Royal London Mutual Insurance Society Limited provides life assurance and pension products in the United Kingdom and internationally. The company offers pensions and other retirement products to individuals and employer pension schemes; protection products; and investment management services to external clients, including pension funds, local authorities, universities, and charities, as well as individuals. It also provides life, critical illness, and income cover through financial advisers; and operates Ascentric, an online ‘Wrap Platform’, which offer investment administration and consolidation services to financial advisers, as well as distributors and product providers. The Royal Lon...

55 Gracechurch Street

London,  EC3V 0RL

United Kingdom

Founded in 1861

2,900 Employees

Key Executives for The Royal London Mutual Insurance Society Limited

Group Chief Executive
Age: 49
Finance Director and Director
Chief Executive Officer of Wealth and Executive Director
Age: 53
Chief Executive of Consumer Business
Chief Executive of The Intermediary Business Division
Compensation as of Fiscal Year 2014.

The Royal London Mutual Insurance Society Limited Key Developments

Royal London Appoints Debbie Kennedy as Head of Protection Proposition Design Within its Intermediary Business

Royal London announced that it has appointed Debbie Kennedy as head of protection proposition design within its intermediary business. Kennedy will join the Royal London on September 29, 2014 and will be responsible for the leadership and direction of Royal London's intermediary protection offering. Her remit will cover product, customer experience, underwriting, claims and reinsurance. She joins from Capita, where she was claims and underwriting director for the firm's life and pensions business.

Royal London Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Royal London announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, total revenues were EUR 1,859 million, result before tax was EUR 136 million and transfer to the unallocated divisible surplus from continuing operations was EUR 71 million against total revenues of EUR 1,920 million, result before tax of EUR 267 million and transfer to the unallocated divisible surplus from continuing operations of EUR 247 million for the same period a year ago. Total net cash flow from operating activities was EUR 218 million against EUR 8 million a year ago. Acquisition of property, plant and equipment was EUR 3 million against EUR 2 million a year ago.

Royal London Group Reports Audited Consolidated Earnings Results and Parent Cash Flow Results for the Year Ended December 31, 2013

Royal London Group reported audited consolidated earnings results and parent cash flow results for the year ended December 31, 2013. For he year, on IFRS basis, the company reported total revenues of £4,904 million against £3,842 million for the same period of last year. Result before tax from continuing operations was £449 million against £366 million for the same period of last year. Transfer to the unallocated divisible surplus from continuing operations was £372 million against £393 million for the same period of last year. IFRS result from continuing operations before tax and mutual dividend was £530 million, up by 17%, including £125 million one-off gain from CIS acquisition. Total net cash flow from operating activities was £668 million against inflow of £436 million for the same period of last year. Acquisition of property, plant and equipment was £4 million against £6 million for the same period of last year. Acquisition of intangibles was £4 million. For the year, the parent company reported total net cash flow from operating activities of £652 million against inflow of £430 million for the same period of last year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 10, 2014
Office Building at 131 Finsbury Pavement
Merger/Acquisition
November 14, 2013
RL360°
 

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