Operating companies’ cash generation £225 million (31 December 2014: £567 million)

With cash generation of £225 million, the Group met its full year cash generation target for 2015 of £200 million to £250 million. Cash remitted reflects free surplus within the life companies and the benefit of management actions implemented in the period. The reduction from the prior period reflects the retention of capital in the life companies in advance of the transition to the new Solvency II capital regime.

Dividend per share
53.4 pence per share (31 December 2014: 53.4 pence per share)
The Board has recommended a final dividend of 26.7p per share, bringing the total dividend for the year to 53.4p per share. 
Group IFRS operating profit
£324 million (31 December 2014: £483 million)
Group IFRS operating profit has decreased by £159 million to £324 million principally due to the lower impact of management actions compared to the previous period.
Solvency II Surplus
£1.3 billion 
Our opening Solvency II surplus of £1.3 billion represents a robust and resilient capital position.

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