Company Profile For Standard Life Plc

Standard Life plc is engaged in the asset managing business. The Company operates in five segments: United Kingdom financial services, Canada, Europe, Asia Pacific and Investment management. The United Kingdom financial services segment is a pension, long-term savings and investment provider. It offers a range of insurance and investment wrappers. Standard Life plc’s Canada segment offers savings, retirement and insurance products. The operations of the Europe segment consist of Standard Life Ireland and Standard Life Germany, which operates in both Germany and Austria. The European businesses offer a range of investment and pension solutions. The Company’s Asia Pacific segment includes joint venture companies in India and China and a wholly owned subsidiary in Hong Kong. Investment management segment develops and expands new products, like Global Absolute Return Strategies (GARS). On October 10, 2008, it acquired Vebnet (Holdings) plc.

BRIEF: For the six months ended 31 December 2008, Standard Life plc's revenues totaled £2.34B vs. a negative revenue of £10.28B. Net loss totaled £20M vs. an income of £161M. Revenues reflect lower premiums ceded to reinsurers, the presence of investment return vs. a loss and higher other income. Net loss reflects a decrease in change in reinsurance assets, decreased change in policyholder liabilities and higher impairment loss on deferred costs.