Fabulous interims9 Aug 2023 08:56
Profit jumped x 10
ROE surged to nearly 20% from 2.6% a year ago, on annualised basis.
Alliance news say "The company explained that this is a combined effect of the insurance service result of USD221.4 million, up 58% on the prior period from USD140.2 million, and the improved investment result of USD121.8 million, compared to a loss of USD214.1 million, as higher bond reinvestment yields begin to earn through.
Notably, the firm reported a net fair value gain on financial investments at fair value of GBP29.3 million, compared to a loss of GBP228.3 million a year before. "