New business results for the six months ended 31 December 2021
Hansard Global plc (“Hansard” or “the Group”), the specialist long-term savings provider, issues its new business results for the six months ended 31 December 2021 (“H1 2022”). The three months ended 31 December 2021 are referred to as “Q2 2022” throughout this document.
- New business for the Group for Q2 2022 was £33.5m in PVNBP (“Present Value of New Business Premiums”) terms (Q2 2021: £42.1m, Q1 2022: £31.4m);
- New business for H1 2022 was £64.9m (H1 2021: £76.3m);
- Assets under administration were £1.23 billion at 31 December 2021 (30 June 2021: £1.22 billion);
- We continue to make good progress towards the successful launch of Hansard’s new product with our chosen distribution partner in Japan, against the background of current pandemic restrictions in that country.
GRAHAM SHEWARD, GROUP CHIEF EXECUTIVE OFFICER, COMMENTED:
“Covid-19 continues to provide a challenging backdrop for our business and in particular for launching our new product in Japan, where new States of Emergency have been declared in several regions recently. We continue to work with our prospective distribution partner towards a suitable launch date in a positive and engaged manner.
We are also taking a number of actions to improve new business levels both with respect to our traditional business and by progressing opportunities to deploy new products more widely in Japan and in other suitable territories around the world.”
FOR FURTHER INFORMATION:
|Hansard Global plc||+44 (0) 1624 688 000|
|Graham Sheward, Group Chief Executive Officer|
|Tim Davies, Chief Financial Officer|
|Camarco LLP||+44 (0) 7990 653 341|
|Ben Woodford, Hugo Liddy|
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