Royal London added £318m to the value of its with-profits policies in 2013 through annual bonuses.
The life office’s with-profits bonus statement, published this morning, shows a further £81m in value was allocated through a mutual dividend.
Royal London says assets in its Long Term Fund delivered a return of 10.6 per cent in 2013, while the payout on a £50 per month 15-year with-profits savings policy is £12,530, representing an annualised return of 4.3 per cent.
It says the payout on a 20-year £200 per month with-profits personal pension is £86,156, representing an annualised return of 5.5 per cent.
Royal London group chief executive Phil Loney says: “We are adding £318m to the value of with-profits policies through the addition of bonuses. In addition, we have allocated a further £81m of value in the form of a mutual dividend.
“Mutual dividend is our way of sharing profits with all eligible with-profits policyholders.
“This year’s mutual dividend enhances the total return that eligible policyholders receive by around 1.7 per cent.”