The Hansard Global Board has resolved to maintain its interim dividend at 1.8p per share (H1 2019: 1.8p per share). This will be paid on 21 April 2020.
Other financial highlights include:
As previously reported, new business levels for the Group were £80.1m for H1 2020 on a Present Value of New Business Premiums ("PVNBP") basis, up 8% from H1 2019.
IFRS profits were £2.6m for the period, down from £3.0m in H1 2019. Profits were impacted by a £0.9m decrease in investment income as a result of foreign exchange movements and lower deposit interest rates.
Underlying revenue increased with fees and commissions earned up to £25.5m in H1 2020 compared to £25.0m in H1 2019.
The value of in-force and assets under administration have remained relatively consistent with that of 30 June 2019.
Japan development continues to progress as they build and sign-off operational models with selected distribution partners.