St. James's Place Plc · LSE:STJ
St. James's Place — H1 2026 Earnings Presentation
17 slides from St. James's Place's earnings presentation, Jul 29, 2026
Slide 1: St. James's Place Group Databook Half Year Reporting 2026
St. James’s Place Group Databook Half Year Reporting 2026
Slide 2: Contents
St. James’s Place Group Databook – Half Year Reporting 2026 | 2 Contents 1. Additional FUM information page 3 2. Controllable expenses page 4 3. Solvency II Net Assets Balance Sheet page 5 4. Operational readiness prepayment asset page 7 5. Business loans to Partners page 8 6. European Embedded Valu
Slide 3: 1. Additional FUM information
St. James’s Place Group Databook – Half Year Reporting 2026 | 3 1. Additional FUM information The following table shows our sustained net inflows and the progression of FUM over the past six years. Opening FUM Net inflows Investment Closing FUM return Year £’Billion £’Billion £’Billion £’Billion Six
Slide 4: 2. Controllable expenses
St. James’s Place Group Databook – Half Year Reporting 2026 | 4 2. Controllable expenses Under our new framework for reporting financial performance, which we implemented for half-year 2026, ‘controllable expenses’ as we used to present on the face of the Cash result have been subsumed into a broade
Slide 5: 3. Solvency II Net Assets Balance Sheet
St. James’s Place Group Databook – Half Year Reporting 2026 | 5 3. Solvency II Net Assets Balance Sheet Firstly, the condensed IFRS consolidated statement of financial position is adjusted to remove policyholder assets and liabilities, and non-cash ‘accounting’ balances such as DIR, DAC and associat
Slide 6: Movement in Solvency II Net Assets Balance Sheet
St. James’s Place Group Databook – Half Year Reporting 2026 | 6 Adjustment 1 strips out policyholder assets and liabilities, to present solely shareholder impacting balances. Adjustment 2 removes items such as DAC, DIR, PVIF and their associated deferred tax balances from the IFRS statement of finan
Slide 7: 4. Operational readiness prepayment asset
St. James’s Place Group Databook – Half Year Reporting 2026 | 7 4. Operational readiness prepayment asset The operational readiness prepayment asset arose from the investment made into our back-office infrastructure project, as we capitalised Bluedoor development costs. The asset stood at £216.5 mil
Slide 8: 5. Business loans to Partners
St. James’s Place Group Databook – Half Year Reporting 2026 | 8 5. Business loans to Partners We facilitate business loans to Partners to support growing Partner businesses. Such loans are principally used to enable Partners to take over the businesses of retiring or downsizing Partners, and this pr
Slide 9: 6. European Embedded Value (EEV)
St. James’s Place Group Databook – Half Year Reporting 2026 | 9 6. European Embedded Value (EEV) Wealth management differs from most other businesses, in that the expected shareholder income from client investment activity emerges over a long period in the future. We therefore supplement the IFRS an
Slide 10: Notes to the EEV result
St. James’s Place Group Databook – Half Year Reporting 2026 | 10 Notes to the EEV result 1. The new business contribution for the period at £562.0 million (six months to 7. The exceptional item: charge structure for the period is £nil as our simple, 30 June 2025: £458.6 million, year to 31 December
Slide 11: 7. EEV new business margin
St. James’s Place Group Databook – Half Year Reporting 2026 | 11 7. EEV new business margin The largest single element of the Six months ended Six months ended Year ended EEV operating profit (analysed in 30 June 2026 30 June 2025 31 December 2025 the previous section) is the new business contributi
Slide 12: 8. EEV economic assumptions
St. James’s Place Group Databook – Half Year Reporting 2026 | 12 8. EEV economic assumptions The principal economic assumptions used within the cash flows at 30 June 2026 are set out below. Six months ended Six months ended Year ended 30 June 2026 30 June 2025 31 December 2025 Risk-free rate 5.0% 4.
Slide 13: 9. EEV sensitivities
St. James’s Place Group Databook – Half Year Reporting 2026 | 13 9. EEV sensitivities The table below shows the estimated impact on the reported value of new business and Change in new EEV to changes in various EEV-calculated assumptions. The sensitivities are specified by Change in EEV business con
Slide 14: 10. Analysis of the EEV result
St. James’s Place Group Databook – Half Year Reporting 2026 | 14 10. Analysis of the EEV result The table below provides a summarised breakdown of the embedded value position at the reporting dates. 30 June 2026 30 June 2025 31 December 2025 £’Million £’Million £’Million Value of in-force business 9
Slide 15: 11. EEV Definition
St. James’s Place Group Databook – Half Year Reporting 2026 | 15 11. EEV Definition EEV Definition Why is this measure used? A discounted cash flow valuation methodology, assessing Life business and wealth management business differ from the long-term economic value of the business. most other busin
Slide 16: 12. Solvency II balance sheet
St. James’s Place Group Databook – Half Year Reporting 2026 | 16 12. Solvency II balance sheet An analysis of the Solvency II position for our Group, split by regulated and non-regulated entities at the period-end, is presented in the table below. 31 December 30 June 2026 30 June 2025 2025 Other Lif
Slide 17: www.sjp.co.uk
www.sjp.co.uk The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are marketing terms used to describe St. James’s Place representatives. Members of the St. James’s Place Partnership in the UK represent St. James’s Place Wealth Management plc, which is authorised and