"General insurance is growing, with operating profit up 17%1, and in UK Digital we have doubled online registrations to five million. We are becoming a digital disruptor for the benefit of our customers," the company said.
"We are now actively planning a capital return to our shareholders and debt reduction in 2017 and will invest further to grow our businesses," said CEO Mark Wilson. The total dividend is up 12% to 23.3p.
"Looking forward, we will remain focused on achieving our financial objectives: mid single digit annual growth in operating EPS; £7bn of cumulative business unit remittances in 2016-18 inclusive; and an increase in the dividend payout ratio to 50% by the end of 2017," Wilson said. ■
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