Here we detail some of the Groups’ key financial information and performance indicators for the year ended 31 December 2010.
Group
- Earnings
-
|
2010 |
| |
€m |
| Life Assurance |
160 |
| Banking & other |
(364) |
| Associate |
9 |
| Other |
(2) |
| |
(197) |
| Operating Earnigns per share (cent) |
(60) |
- Regulatory capital
-
| Life assurance - RMMS cover |
1.75 times |
|
| Banking - Basel II |
|
| Total / Core Tier 1 capital ratio |
10.6% |
- Shareholders' equity
-
|
2010 |
| |
€m |
| Life assurance |
1,746 |
| Banking |
138 |
| Other activities |
65 |
| Associate |
124 |
| |
2,073 |
| Adjustment on inter-operating segments |
(22) |
| Deduction in respect of own shares |
(6) |
| Shareholders' equity |
2,045 |
- Embedded value
-
|
2010 |
| |
€m |
| Deposits |
697 |
| Property |
234 |
| Equities |
30 |
| Debt securities & other |
133 |
| Subordinated debt |
(216) |
| |
878 |
| Shareholder value of in-force business |
868 |
|
1,746 |
- Ratings
-
| Ratings at 31 December 2010 |
|
| Covered by Irish Government guarantee |
|
| Moodys |
Baa1/P2 |
| Standard & Poors |
A-/A-2 |
| Outside Irish Government guarantee |
|
| Moodys |
Baa3/P-3 |
| Standard & Poors |
BBB/A-3 |
Life Assurance
- New business
-
| Life assurance sales (APE) |
|
|
2010 |
|
€m |
% |
| Retail |
146 |
26 |
| Corporate |
137 |
24 |
| Irish Life Investment Managers |
252 |
44 |
| Irish Life International |
37 |
6 |
| Total |
572 |
100 |
| New business margin (APE) |
|
|
% |
| Life |
11.5 |
| Investment |
6.1 |
| Life assurance sales (PVNBP) |
|
2010 |
|
€m |
% |
| Retail |
1,014 |
21 |
| Corporate |
903 |
19 |
| Irish Life Investment Managers |
2,520 |
52 |
| Irish Life International |
371 |
8 |
| Total |
4,808 |
100 |
| New business margin (PVBNP) |
|
|
% |
| Life |
1.6 |
| Investment |
0.6 |
- Investment mix
-
| Unit-linked |
|
|
2010 |
| |
€bn |
% |
| Equities |
13.8 |
52 |
| Property |
1.7 |
6 |
| Debt securities |
5.8 |
22 |
| Cash/Other |
5.3 |
20 |
| |
26.6 |
100 |
| Non-linked |
| |
€bn |
% |
| Equities |
0.1 |
4 |
| Property |
0.1 |
4 |
| Cash/Other |
0.4 |
17 |
| Debt securities |
1.8 |
75 |
| |
2.4 |
100 |
| Non-linked debt securities |
| |
€bn |
% |
| AAA |
1.4 |
78 |
| AA |
0.2 |
11 |
| A |
0.20 |
11 |
| |
1.8 |
100 |
- Life embedded value composition
-
|
|
2010 |
|
| |
Net worth |
VIF |
Total |
| |
€m |
€m |
€m |
| Opening 1 Jan 2010 |
566 |
1,076 |
1,642 |
| Operating profit |
252 |
(109) |
143 |
| Investment fluctuations |
21 |
28 |
49 |
| Economic assumptions |
(48) |
1 |
(47) |
| VIF loan |
100 |
(117) |
(17) |
| Capital & other movements |
(13) |
(11) |
(24) |
| Closing 31 Dec 2010 |
878 |
868 |
1,746 |
Banking
- Loan book
-
|
|
2010 |
|
€bn |
% |
| Residential mortgages (ROI)* |
26.4 |
70 |
| Residential mortgages (UK)* |
7.5 |
20 |
| Commercial mortgages |
2.3 |
6 |
| Consumer finance |
1.4 |
5 |
| |
37.6 |
100 |
| *including securitised loans and before impairment provisions |
- Liquidity portfolio
-
|
|
2010 |
|
€bn |
% |
| Sovereign bonds |
2.9 |
61 |
| Bank FRNs |
1.2 |
26 |
| RMBS (prime Euro denominated) |
0.6 |
13 |
| |
4.7 |
100 |
|
€bn |
% |
| AAA |
1.4 |
30 |
| AA |
0.4 |
9 |
| A |
0.5 |
11 |
| BAA/BA/B & lower |
2.4 |
51 |
| |
4.7 |
100 |
- Funding mix
-
|
|
2010 |
|
€bn |
% |
| Term debt |
11.3 |
26 |
| Customer accounts |
14.8 |
35 |
| Short-term debt |
16.8 |
39 |
| |
42.9 |
100 |