ANALYST CONSENSUS FOR YEAR ENDED 31 DECEMBER 2024
Income Statement (£'m) | FY24 Consensus | Low | High | Median | # Analysts* |
Total net operating income | 891.7 | 890.4 | 895.1 | 891.1 | 6 |
Total underlying operating expenses | 667.8 | 665.2 | 670.5 | 667.8 | 6 |
Underlying PBT | 223.9 | 220.8 | 225.4 | 224.7 | 6 |
Underlying operating margin | 25.1% | 24.8% | 25.3% | 25.2% | 6 |
Underlying EPS (pence per share) | 156.7 | 153.7 | 158.7 | 156.9 | 6 |
Total DPS (pence per share) | 90 | 90 | 91 | 90 | 5 |
Group FUMA (£’bn) | 110.3 | 109.8 | 111.9 | 110.0 | 6 |
Total Group net inflow/outflow (£’bn) | -1.1 | -1.2 | -1.0 | -1.1 | 5 |
*Details of these analysts can be found here.
ANALYST CONSENSUS FOR YEAR ENDED 31 DECEMBER 2025
Income Statement (£'m) | FY25 Consensus | Low | High | Median | # Analysts |
Total net operating income | 929.6 | 916.3 | 952.2 | 927.1 | 6 |
Total underlying operating expenses | 675.2 | 669.3 | 690.2 | 671.6 | 6 |
Underlying PBT | 254.5 | 245.4 | 262.4 | 254.8 | 6 |
Underlying operating margin | 27.4% | 26.7% | 28.1% | 27.5% | 6 |
Underlying EPS (pence per share) | 177.5 | 174.6 | 182.7 | 176.9 | 6 |
Total DPS (pence per share) | 94 | 93 | 95 | 94 | 5 |
Group FUMA (£’bn) | 117.0 | 115.2 | 119.9 | 116.3 | 6 |
Total Group net inflow/outflow (£’bn) | 1.4 | 0.8 | 2.9 | 1.1 | 5 |