Hansard Global plc (HSD.L) issued its Interim Management Statement for the period from 1 July 2012 to date. New business sales for the nine months ended 31 March 2013 were ahead of the comparative period on all metrics reported by the Group, despite reduced new business flows in the early part of this financial year. Regular premium flows are 17.7% ahead of third-quarter of 2012 on Present Value of New Business Premiums or PVNBP basis.
Present Value of New Business Premiums for the nine-month period rose 4.7% to 139.2 million pounds from 132.9 million Pounds in the prior year period.
Continued levels of regular premiums have underpinned Assets under Administration or AuA performance in third-quarter 2013, despite premium holidays taken by policyholders. With the effects of market gains in the quarter, AuA of 1.09 billion pounds as at 31 March 2013 is 5% above the level at 30 June 2012.
The company said that it expects new business results for the year ending 30 June 2013 to be announced on 26 July 2013. Trading results for the year are expected to be announced on 26 September 2013.
"We have a clear strategy and are confident that the Group's focus on regular premium flows from growth markets and our continuing investment in distribution infrastructure, systems and Hansard OnLine, will position us for growth. The fundamentals in our core markets are encouraging and this is translating into growing demand for our products - we believe that Hansard's prospects remain strong," the company said.
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