British insurer Standard Life PLC reported a 54 percent rise in first-half net operating profit Wednesday, boosted by one-off gains from a deal to reinsure annuity liabilities and cut the financial risk posed by Britons living longer.
Old Mutual PLC, the British insurer with operations in the U.S., Europe and South Africa, posted a 14 percent rise in first-half profits on Wednesday, despite taking a massive hit on its deteriorating U.S. insurance reserves.
