RE: Buy and forget8 Jan 2024 22:55
Not long to go - the TU seemed to indicate that the Motor performance was recoviering well. A token dividend would be welcome at year end.
The Board understands the importance of dividends to shareholders and will aim to restart dividends once two conditions are met. First, an improvement in the capital coverage at the upper end of our agreed range and secondly, a return to organic capital generation in Motor.
Whilst the first condition would be met through the sale of NIG, for the second condition the Board will assess the performance of Motor over the second half of the year to ensure that actual performance is consistent with pricing assumptions.