Business
Results for the year ended 31 December 2022
Results for the year ended 31 December 2022.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n \n \n \n \n \n \n Results for the year ended 31 December 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 24 February 2023\n \n \n n\n Over the year, macro-economic events significantly impacted market valuations and investor sentiment, which also impacted our financial results.\n \n \n n\n Underlying profit before tax was £77.6m (2021: £216.7m). Statutory profit before tax was £58.0m (2021: £183.7m).\n \n \n n\n Assets under management (AUM) decreased by 17% to £50.2bn.\n \n \n n\n Gross flows remained strong at £15.1bn. Total net outflows of £3.5bn, with small positive net flows in the second half.\n \n \n n\n Total dividend of 8.4p per share (2021: 17.1p per share) and an extension of up to £16m to the share buyback programme bringing, once complete, the total amount of shares repurchased to £26m.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year ended\n \n \n \n \n 31 December 2022\n \n \n \n \n \n \n Year ended\n \n \n \n \n 31 December 2021\n \n \n \n \n \n \n % change\n \n \n \n \n \n \n \n AUM (£bn) \n \n \n \n \n \n \n \n \n \n \n \n 50.2\n \n \n \n \n 60.5\n \n \n \n \n (17)%\n \n \n \n \n \n \n Net outflows (£bn)\n \n \n \n \n \n \n \n \n \n \n \n (3.5)\n \n \n \n \n (3.8)\n \n \n \n \n 8%\n \n \n \n \n \n \n Net management fees1 (£m)\n \n \n \n \n \n \n \n \n \n \n \n 384.8\n \n \n \n \n 453.7\n \n \n \n \n (15)%\n \n \n \n \n \n \n Statutory profit before tax (£m)\n \n \n \n \n \n \n \n \n \n \n \n 58.0\n \n \n \n \n 183.7\n \n \n \n \n (68)%\n \n \n \n \n \n \n Basic earnings per share (p)\n \n \n \n \n \n \n \n \n \n \n \n 8.9\n \n \n \n \n 27.6\n \n \n \n \n (68)%\n \n \n \n \n \n \n Underlying profit before tax1 (£m)\n \n \n \n \n \n \n \n \n \n \n \n 77.6\n \n \n \n \n 216.7\n \n \n \n \n (64)%\n \n \n \n \n \n \n Underlying earnings per share1 (p)\n \n \n \n \n \n \n \n \n \n \n \n 11.3\n \n \n \n \n 31.7\n \n \n \n \n (64)%\n \n \n \n \n \n \n Total dividends per share (p)\n \n \n \n \n \n \n \n \n \n \n \n 8.4\n \n \n \n \n 17.1\n \n \n \n \n (51)%\n \n \n \n \n \n \n Cost:income ratio1\n \n \n \n \n \n \n \n \n \n \n \n 69%\n \n \n \n \n 61%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n The Group's use of alternative performance measures (APMs) is explained on pages 34 to 36.\n \n \n \n \n \n \n Matthew Beesley, ...