With-Profits Policy

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With-Profits Policy

A chiefly British and Commonwealth term for a participating policy.
References in periodicals archive ?
Finance director John Hylands said: "We have taken this action to ensure all policyholders are treated fairly - those who withdraw their money from their with-profits fund and those who remain fully invested.
The with-profits annuity book represents about 20 per cent of Equitable's with-profits fund and consists of 62,000 policyholders.
Prudential claims an estimated pounds 22 billion has been added to the value of its with-profits fund since 2002; its fund is up 92.
The payouts to investors with pensions, endowments and bonds follows a bumper year for the firm's with-profits fund.
It also offers an opportunity for income growth by linking to the company's with-profits fund, said Prudential.
FRIENDS Provident is cutting final bonuses to long-term savers after the value of its with-profits fund slid by more than 7% during the first half of the year.
Another is a with-profits fund now closed to new business.
CIS Realistic Balance Sheet For With-Profits Business as at 31 December 2003 GBPm GBPm Total statutory assets of with-profits fund 14,889 Assets outside long-term fund allocated 200 towards long-term business Additional assets arising on a realistic 414 basis Total realistic basis assets 15,503 Policyholder realistic basis liabilities 14,402 Other liabilities 195 Total liabilities 14,597 Realistic basis assets in excess of total 906 liabilities (i.
In just over 2 1 /2 years the UK stock market has fallen by nearly 40%, yet the strength of our well-diversified with-profits fund has shielded our investors from the full impact of this decline.
The mutual does not issue profit statements, but instead announces results on a yearly basis for its with-profits fund, which in 2010 clocked up a 13.
7bn in so-called orphan assets left in its with-profits fund to boost regulatory capital surplus by pounds 300m, with clearance from the Financial Services Authority (FSA).