1.983
Revenue€B
2.251
2.447
2.574
2.722
2.974
3.198
3.433
3.757
4.049
4.278
2.099
7.54%
7.17%
29
8.17
Revenue growth%
34.35
31.67
31.47
32.39
32.01
30.17
30.13
29.59
31.96
32.96
23.01
30.17
31.82
54
13.48
Combined R.%
95.86
95.09
96.31
96.04
95.99
96.12
98.24
94.08
97.29
97.48
17.84
97.29
96.08
90
27.84
Operating margin%
17.93
17.82
20.07
22.57
24.71
23.46
23.28
24.59
25.15
27.81
6.35
24.59
23.37
84
19.47
Net margin%
11.29
13.25
12.52
14.42
12.26
13.78
11.54
11.85
14.10
15.02
18.30
13.78
12.89
82
23.24
P/E ratio (avg)x
31.44
30.28
29.16
33.01
32.24
30.83
29.07
33.16
34.13
32.27
16.33
32.27
31.84
19
34.92
P/TBVx
44.60
50.84
56.81
53.05
51.58
49.18
46.59
48.36
53.58
53.62
11.46
49.18
51.21
60
26.86
P/Bx
29.88
30.88
31.17
32.25
34.18
36.86
34.81
36.54
33.60
32.55
19.38
34.81
33.07
5
8.53
Prem. grth%
17.26
15.25
15.11
15.95
13.98
13.43
13.30
12.45
11.84
10.26
17.66
12.45
13.70
93
18.01
Invest. yld%
30.18
31.58
32.65
32.41
35.30
33.32
31.16
30.37
33.08
35.62
3.15
33.08
32.53
23
10.11
BVPS grth%
17.99
18.74
17.48
18.96
21.86
20.99
22.09
21.81
20.69
21.05
23.34
21.05
20.84
60
4.07
Return on equity%
20.72
18.10
18.90
18.15
16.99
14.63
14.04
15.18
14.43
17.13
2.35
14.63
17.06
87
23.64
Return on assets%
0.40
0.89
1.02
1.34
2.27
1.45
2.66
2.45
4.39
4.58
6.43
2.66
1.86
70
5.34
EPS€
7.23
6.84
7.12
7.59
8.06
8.34
8.60
8.39
7.87
7.94
5.77
(0.32%)
1.04%
—
29.58
EPS growth%
20.04
20.73
22.57
25.24
23.23
21.81
24.24
24.91
26.70
25.88
10.49
24.91
23.74
21
9.76
Bookvalue per sh€
2.64
2.49
2.25
2.30
2.07
2.15
2.28
2.18
1.90
1.71
2.73
(3.83%)
(4.95%)
—
5.05
TBV/sh€
12.01
11.63
10.48
11.46
12.27
13.08
13.66
15.36
15.87
15.11
6.86
4.26%
2.69%
—
3.31
Dividend per sh€
8.93
8.32
9.13
10.11
9.67
10.64
11.96
12.28
11.52
12.27
2.05
4.89%
2.05%
—
9.75
Div yield (avg)%
15.01
13.95
15.74
16.67
16.75
17.14
19.35
19.62
20.41
23.24
2.38
19.62
16.94
71
28.71
Payout ratio%
10.01
11.44
10.89
8.99
6.29
5.80
4.87
5.22
3.11
5.25
16.36
5.22
6.05
66
203.6
Shares (diluted)M
249.5
275.9
301.0
285.7
282.7
309.8
344.4
386.5
438.3
440.2
213.6
9.26%
6.50%
56
9.68
Buyback yield%
21.77
19.75
21.68
19.77
21.59
21.16
21.65
22.13
21.74
22.52
17.54
21.74
21.66
12
1.410
D/E ratiox
0.316
0.347
0.352
0.366
0.407
0.403
0.396
0.415
0.381
0.367
1.794
0.396
0.374
41
1.152
Assets€B
11.77
12.95
13.45
15.01
16.10
17.34
18.55
19.59
22.31
25.09
0.596
9.28%
8.61%
17
4.305
LT debt€B
0.749
0.697
0.699
0.649
0.602
0.564
0.530
0.457
0.456
0.463
2.546
(5.10%)
(4.43%)
94
Revenue
€4.278B
7.17%
1.00×
Claims and benefits
€2.580B
7.30%
1.01×
Total costs
€3.807B
7.25%
1.01×
Spread over hurdle
(2.85%)