The Group’s predictable long term cash generation supports a stable, sustainable dividend.
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.
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