Scottish Widows reports strong 2007 results

This means that adjusting for the impact of surplus capital repatriation, profit before tax increased by 33%. There was a 7% increase in Scottish Widows’ present value of new business premiums while income, net of insurance claims and adjusting for the impact of surplus capital repatriation, rose by the same amount. Its asset management arm, Scottish Widows Investment Partnership, also performed strongly as profits rose 52% before tax to £44m. Archie Kane, chief executive of Scottish Widows, comments: “The results announced today represent a strong performance in what proved to be a c...