Standard Life full-year profits beat expectations

(Sharecast News) - Standard Life posted a rise in full-year profit on Monday as it pointed to a strong performance from its pensions and savings business. In the year to the end of December 2025, IFRS adjusted operating profit rose 15% to £945m, versus market expectations of £937m. Operating cash generation increased 5% from the previous year to £1.5bn.

The company highlighted an improved performance in pensions and savings and in retirement solutions, with IFRS adjusted operating profit for these two businesses up 23% and 19% year-on-year, respectively.

Standard Life also said the balance sheet strengthened during the year, with the Solvency II leverage ratio coming at 33%, versus 36% a year earlier.

"Growing levels of assets under management and improved margins supported this outcome, alongside further cost reductions as we progress towards our £250 million net cost savings target by 2026," it said.

The total dividend for the year was lifted to 55.40p per share from 54p in 2024.

Chief executive Andy Briggs said: "Our results demonstrate strong progress delivering on our strategic priorities. Further profitable growth and a strengthened Solvency balance sheet have supported increased shareholder returns and greater financial flexibility for the future, underpinned by the significant and growing levels of excess cash our business generates.

"We are firmly on track to deliver our 2026 financial targets, building momentum by continuing to sharpen our competitive position in one of the world's most attractive savings and retirement markets. Operating as Standard Life plc brings our most trusted brand to the forefront, demonstrating our commitment to helping our customers achieve better outcomes and greater financial security in later life."

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