Annual Report

The report records 2023 new business profit of $3.1bn, up 45% on a constant exchange rate basis. It reports that the investment portfolio’s weighted average carbon intensity fell 50% against the 2019 baseline by year-end and sets a 55% reduction target by 2030. The report also discloses 2023 Scope 1, Scope 2, and selected Scope 3 emissions, alongside limited assurance on selected climate and social indicators. Its refreshed sustainability strategy is organised around health and financial protection, responsible investment, and sustainable business.