Standard Life has banked £75 million after its Canadian subsidiary disposed of two office properties in Western Canada, and separately renegotiated an existing reinsurance arrangement.
The insurer said the transactions would contribute to operating profit before tax for the financial year to December 31, with an aggregate one-off contribution of around £75m on completion.
Jackie Hunt, Standard's chief financial officer, said: "At Standard Life, our focus is on maximising the value of shareholder assets and driving more effective management of liabilities.
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