Friends Provident International (FPI) increased its new business by 132% in the first quarter of th...
Friends Provident International (FPI) increased its new business by 132% in the first quarter of the year on an annualised premium basis from £18m to £41m. The figures were boosted significantly by Lombard International Assurance's new business as this is the first time it has been included in FPI's results. If Lombard is included in last year's total then the increase in new business is just over 40%. In the first three months of 2005, FPI increased by 23% from £18m to £22m but this was dwarfed by Lombard International's growth of 74% from £11m to £19m. The Lombard figures benefited ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
