Ann: 1H25 Market Release, page-44

  1. 232 Posts.
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    The only difference between the statutory and underlying should be the attributable to life and investment experience and should be timing only, As the table above shows, underlying has been higher than statutory for most of the last decade, and that is during a period of OK investment markets. In any case, accounts are too opaque and I am not sure if CGF has earned enough trust for their underlying to be believed
 
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