Chief executive David Prosser said: 'While we are not immune from the impact of stock market falls, the free asset ratio
for the UK long-term fund compares favourably with the industry.
It said that if the use of future profits was stripped out of the equation the fall was even steeper, with the free asset ratio
dropping from an average of 9.
The key measures analysed were solvency cover, available and excess assets and free asset ratios
, according to Life Strategies' analysis of the IFSRA returns of the nine largest life insurance companies currently writing new business in Ireland.
Year Established - Head Office - Administration Office - Website - Consumer - Website - IFA - Key Personnel - Company Background Overall Financial Strength - Overall Financial Strength Rating - Overall Financial Strength Summary Key Financial Data - Long Term Business Admissible Assets - Free Assets - Free Asset Ratios
- CRR Coverage Ratios - Long Term Business Liabilities and Margins - Expense Ratios New Business Data - Growth in New Single Premiums - Growth in New Regular Premiums Further brand-related information: Distribution - Method - Image and Strategy Products - Overall Product Philosophy Service - Approach Investment - Overall Approach - Funds Under Management Annual Review
Year Established -- Head Office -- Administration Office -- Website - Consumer -- Website - IFA -- Key Personnel -- Company Background Overall Financial Strength -- Overall Financial Strength Rating -- Overall Financial Strength Summary Key Financial Data -- Long Term Business Admissible Assets -- Free Assets -- Free Asset Ratios
-- CRR Coverage Ratios -- Long Term Business Liabilities and Margins -- Expense Ratios New Business Data -- Growth in New Single Premiums -- Growth in New Regular Premiums Further brand-related information: Distribution -- Method -- Image and Strategy Products -- Overall Product Philosophy Service -- Approach Investment -- Overall Approach -- Funds Under Management Annual Review
Most free asset ratios
(FAR) have improved after three years of decline, once again as a consequence of the recovery of equity markets during the second half of 2003.
Wesleyan is ranked as one of the UK's strongest life offices and has one of the highest free asset ratios
in the industry.
As a result, the company has one of the highest with-profit free asset ratios
in the sector, at 33.