Company Overview of Friends Life FPG Limited
Friends Life FPG Limited provides pension, investment, and insurance products and services for individual customers, commercial businesses, and other financial institutions. It offers various products for individuals, including life cover, critical illness cover, income protection cover, and mortgage income protection cover; lifetime care products, online stakeholder pension, and personal range stakeholder pension; and wealth solutions bonds, protected investment portfolio bonds, and investment bonds. The company also provides various products for businesses, which include business, key person loan, shareholder/partnership, and executive income protection insurance; group protection solution...
Dorking, RH4 1QA
Founded in 1832
Key Executives for Friends Life FPG Limited
Group Chief Executive Officer and Director
Chief Executive of Friends Provident International Limited
Chief Executive Officer of International
Managing Director UK and Managing Director of UK Sales & Marketing -Friends Provident Life & Pensions Limited
Compensation as of Fiscal Year 2015.
Friends Life FPG Limited Key Developments
Friends Life FPG Limited Reports Consolidated Earnings Results for the Half Year Ended June 30, 2014
Aug 6 14
Friends Life FPG Limited reported consolidated earnings results for the half year ended June 30, 2014. For the period, total revenue was £4,269 million against £8,189 million a year ago. Profit before tax from continuing operations was £80 million against £367 million a year ago. Loss before shareholder tax from continuing operations was £31 million against profit before shareholder tax from continuing operations of £90 million a year ago. Loss after tax from continuing operations was £16 million against profit after tax from continuing operations of £70 million a year ago. Loss for the period attributable to equity holders of the parent from continuing operations was £32 million against £54 million a year ago. Net cash inflow from operating activities was £298 million against £522 million a year ago. Additions to internally generated intangible assets were £1 million against £2 million a year ago. Basic and diluted loss per share from continuing operations were £2.26 against basic and diluted earnings per share from continuing operations £3.81 a year ago. Total basic and diluted loss per share were £4.17 million against total basic and diluted earnings per share £3.17 million a year ago.
Friends Life Reportedly Coming Close On Sale Of Lombard International
May 27 14
Friends Life FPG Limited is closing in on its £400 million sale of Lombard International Assurance S.A. as private equity companies compete in a bidding battle, reported Sky News. According to Sky News, The Blackstone Group L.P. (NYSE:BX) and Philadelphia Financial Group, Inc. will make a joint offer for Lombard, following Friends Life starting talks to sell the division six months ago. Philadelphia Financial targets high net-worth families through intermediaries and sees Lombard as an attractive way to develop that area of its business, Sky News reported. Permira Advisers Ltd. is also expected to lodge a bid. However initial interest from Warburg Pincus LLC is said to have fallen. Sky News also said it is understood that Andy Briggs, Chief Executive Officer of Friends Life, has set a June 2014, deadline for offers and had appointed Barclays to look into the disposal.
Friends Life FPG Limited to Report First Half, 2014 Results on Aug 06, 2014
May 9 14
Friends Life FPG Limited announced that they will report first half, 2014 results on Aug 06, 2014
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