Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 42

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 42
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3,864 |
| Movement in third party interests in consolidated funds                                       |                              |     |            |     |    -257 |
| Change in non-participating investment contracts                                              |                              |     |            |     |  -2,144 |
| Net finance expense in respect of insurance and investment contracts                          |                              |     |            |     |  -6,265 |

1 Includes income of £ 3,426 million (half-year to 30 June 2024 : £ 6,951 million; half-year to 31 December 2024: £ 3,737 million) in respect of unit-linked and with-profit contracts measured applying the variable fee approach. The assets generating the investment return held to back insurance contracts and participating investment contracts are carried at fair value on the Group’s balance sheet.

| Page 50 of74 |

| LLOYDS BANKING GROUP PLC | 2025HALF-YEAR RESULTS |

NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (UNAUDITED) (continued)

Note 5: Insurance business (continued)

| At 30 June2025                                                                      | Presentvalueof futurecash flows£m |          | Riskadjustment£m |     |      |     | Contractualservicemargin£m |        |     | Other£m |    |     |  Total£m |
| Insurance contract assets                                                           |                                   |      136 |                  |     |  -53 |     |                            |    -81 |     |         |  – |     |        2 |
| Liabilities arising from insurance contracts andparticipating investment contracts1 |                                   | -120,037 |                  |     | -834 |     |                            | -4,110 |     |         |  – |     | -124,981 |
| Other liabilities2                                                                  |                                   |        – |                  |     |    – |     |                            |      – |     |         |  – |     |        – |
| Net liability                                                                       |                                   | -119,901 |                  |     | -887 |     |                            | -4,191 |     |         |  – |     | -124,979 |
| Insurance acquisition assets                                                        |                                   |        – |                  |     |    – |     |                            |      – |     |         | 29 |     |       29 |
| Insurance and participating investment contracts netliability                       |                                   | -119,