Widows value set at £6.4bn
SCOTTISH Widows has an embedded value of £6.4 billion under European embedded value (EEV) accounting methods - £908 million more than was estimated under old methods.
The Edinburgh-based insurance arm of Lloyds TSB said new business profit before tax under EEV was 131m higher at 254m - reflecting the earlier timing of profit recognition.
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Sunday 19 February 2012
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