St. James's Place Plc · LSE:STJ
St. James's Place — FY2024 Earnings Presentation
7 slides from St. James's Place's earnings presentation, Feb 27, 2025
Slide 1: St. James's Place Group data book: 2024 full-year reporting
St. James's Place Group data book: 2024 full-year reporting Contents No. Title 1 Operational readiness prepayment 2 EEV margin 3 EEV economic assumptions 4 EEV sensitivities 5 Solvency II Balance Sheet 6 Solvency II sensitivities
Slide 2: Operational readiness prepayment asset
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 £256.3 million at 31 December 2024 (31 December 2023: £283.5 million). It has
Slide 3: New business margin
New business margin The largest single element of the EEV operating profit (analysed in the previous section) is the new business contribution. The level of new business contribution generally moves in line with new business levels. To demonstrate this link, and aid understanding of the results, we
Slide 4: Economic assumptions
Economic assumptions The principal economic assumptions used within the cash flows at 31 December are set out below. Year ended 31 Year ended 31 December December 2024 2023 Risk-free rate 4.8% 3.7% Inflation rate 3.6% 3.5% Risk discount rate 7.8% 6.8% Future investment returns: – Gilts 4.8% 3.7% – E
Slide 5: EEV sensitivities
EEV sensitivities The table below shows the estimated impact on the reported value of new business and EEV to changes in various EEV-calculated assumptions. The sensitivities are specified by the EEV principles and reflect reasonably possible levels of change. In each case, only the indicated item i
Slide 6: Solvency II Balance Sheet
Solvency II Balance Sheet An analysis of the Solvency II position for our Group, split by regulated and non-regulated entities at the year-end, is presented in the table below. Other 31 December Life regulated Other Total 2023 total 31 December 2024 £'Million £'Million £'Million £'Million £'Million
Slide 7: Solvency II sensitivities
Solvency II sensitivities The table below shows the estimated impact on the Solvency II free assets, the SCR and the solvency ratio of changes in various assumptions underlying the Solvency II calculations. In each case, only the indicated item is varied relative to the restated values. The solvency