Family in field with sunset

Our results

Our 2021 financial results

2021 Annual Report

On 29 March we announced our financial results for 2021

We're pleased to share the news that we have outperformed both our new business volumes and profitability targets, and seen significant growth in sales and trading profit.

Sales of investments, equity release and protection products have increased significantly. We've created significant momentum in the business, introducing new products, and increasing our market share. And we've also repositioned our business to target customers where our brand and core products are most competitive.

OVERVIEW

Financial highlights from the last year

£31m Operating profit generation

6.8% Main with-profits fund return

£110m Operating capital generation

£(66)m Loss before tax and mutual/exit bonus

£38m Profit-related bonuses shared with members

£637m Solvency II capital surplus

23% Increase in new business sales

187% Capital Coverage Ratio

Watch a short film where our interim chair, Seamus Creedon talks about our financial results and LV='s future

View video transcript

MEMBER BONUSES

Giving back to eligible members

We're pleased to share £38m with eligible with-profits members - £28m through a mutual bonus and an exit bonus of £10m.

Check out our dedicated pages for more information about the mutual bonus and exit bonus.

More information

Previous annual report

2020 Annual Report

You can also look back at our 2020 Annual Report.