Second trading update for the year ending 30 June 2022
Hansard Global plc (“Hansard” or “the Group”), the specialist long-term savings provider, issues its trading update for the quarter ended 31 March 2022 (“Q3 2022”). All figures refer to this period, except where indicated. Year to date (“YTD”) figures refer to 1 July 2021 to 31 March 2022.
- New business for the Group for Q3 2022 was £30.9m in PVNBP (“Present Value of New Business Premiums”) terms (Q3 2021: £47.3m, Q2 2022: £33.5m);
- For the nine months to 31 March 2022, new business was £95.8m (Q3 YTD 2021: £123.6m);
- Assets under administration were £1.17bn at 31 March 2022 (£1.23bn at 31 December 2021);
- The Group continues to work with its prospective Japanese distribution partner towards a suitable launch date, against the current challenging background of Covid-19 in Japan.
GRAHAM SHEWARD, GROUP CHIEF EXECUTIVE OFFICER, COMMENTED:
“As our targeted region of Japan remains under Covid-19 restrictions with increased case counts, we continue to work with our local distribution partner towards a suitable launch date.
We also continue to take vigorous action 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 other suitable territories around the world. In addition to the new initiatives mentioned in our previous quarterly trading update, we have recently recruited two experienced executives into our sales and business development team in order to assist the delivery of this growth.”
FOR FURTHER INFORMATION:
|Hansard Global plc||+44 (0) 1624 688 000|
|Graham Sheward, Group Chief Executive Officer
Tim Davies, Chief Financial Officer
|Camarco||+44 (0) 7990 653 341|
|Ben Woodford, Hugo Liddy|