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  "documentTitle": "M&G | Results Presentation Deck | 65 slides",
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  "authorName": "M&G",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "CSM movements Total (£m) YE 2022 5,716 Interest accreted and expected returns 685 New business 162 Assumption changes, experience variances 98 CSM release to operating result (590) Market impact (588) YE 2023 5,483 £355m operating change in CSM",
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      "kind": "source-note",
      "text": "1. Includes CSM release to non-operating result\n2. Other CSM predominantly relates to M&G Investments future profits from the management of the internal client assets, and to PIA (Irish subsidiary)",
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      "text": "CSM movements by product line £m YE 2022 A B C D Op. change in CSM E YE 2023 Total 5,716 685 162 98 (590) 355 (588) 5,483 Annuities 1,206 30 42 60 (96) 36 (21) 1,221 PruFund 1,666 330 94 37 (231) 230 (282) 1,614 With-Profits Traditional 1,466 309 0 (4) (238) 67 (191) 1,342 Policyholder 664 - - - - - (12) 652 Other² 714 16 26 5 (25) 22 (82) 654",
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      "text": "Closing total CSM of £5.5bn shows large discounted future value",
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