Trevor Matthews, chief executive officer of Friends Provident Holdings (UK) plc, said:
“I am pleased to report a 35% increase in worldwide sales so far this year before recognising sales through the acquired AXA businesses. Our consolidation activity underlines our clear commitment to our core UK markets although sales continue to reflect previous uncertainty over our UK position. Moving forward we will seek to capitalise on appropriate consolidation opportunities presented by Resolution’s UK Life Project with our core market positions already enhanced by the recent acquisition of the AXA UK Life business and added to by the proposed acquisition of BUPA Health Assurance. This will enable us to continue to provide market leading products and service to distributors and our 5 million UK customers. Our international businesses continue to perform very well benefitting from the sustained improvement and return of confidence to overseas markets especially in Asia and Europe.”
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