Lördag 15 Mars | 04:13:25 Europe / Stockholm

Kalender

Est. tid*
2025-05-22 N/A Årsstämma
2025-04-24 N/A X-dag halvårsutdelning LGEN 15.360001
2025-03-12 - Bokslutskommuniké 2024
2024-08-22 - X-dag halvårsutdelning LGEN 6
2024-08-07 - Kvartalsrapport 2024-Q2
2024-05-23 - Årsstämma
2024-04-25 - X-dag halvårsutdelning LGEN 14.63
2024-03-06 - Bokslutskommuniké 2023
2023-08-24 - X-dag halvårsutdelning LGEN 5.71
2023-08-15 - Kvartalsrapport 2023-Q2
2023-04-27 - X-dag halvårsutdelning LGEN 13.93
2022-08-18 - X-dag halvårsutdelning LGEN 5.44
2022-04-21 - X-dag halvårsutdelning LGEN 13.27
2021-08-12 - X-dag halvårsutdelning LGEN 5.18
2021-04-15 - X-dag halvårsutdelning LGEN 12.639999
2020-08-13 - X-dag halvårsutdelning LGEN 4.93
2020-04-23 - X-dag halvårsutdelning LGEN 12.639999
2019-08-15 - X-dag halvårsutdelning LGEN 4.93
2019-04-25 - X-dag halvårsutdelning LGEN 11.82
2018-08-16 - X-dag halvårsutdelning LGEN 4.6
2018-04-26 - X-dag halvårsutdelning LGEN 11.05
2017-08-17 - X-dag halvårsutdelning LGEN 4.3
2017-04-27 - X-dag halvårsutdelning LGEN 10.35
2016-08-18 - X-dag halvårsutdelning LGEN 4
2016-04-28 - X-dag halvårsutdelning LGEN 9.95
2015-08-13 - X-dag halvårsutdelning LGEN 3.83333
2015-04-23 - X-dag halvårsutdelning LGEN 9.27778
2014-08-27 - X-dag halvårsutdelning LGEN 3.22222
2014-04-23 - X-dag halvårsutdelning LGEN 7.66667
2013-08-28 - X-dag halvårsutdelning LGEN 2.666667
2013-04-24 - X-dag halvårsutdelning LGEN 6.322222
2012-08-29 - X-dag halvårsutdelning LGEN 2.177778
2012-04-18 - X-dag halvårsutdelning LGEN 5.266667
2011-09-07 - X-dag halvårsutdelning LGEN 1.844444
2011-04-20 - X-dag halvårsutdelning LGEN 3.8
2010-09-01 - X-dag halvårsutdelning LGEN 1.477778
2010-04-14 - X-dag halvårsutdelning LGEN 3.033333
2009-09-02 - X-dag halvårsutdelning LGEN 1.233333
2009-04-15 - X-dag halvårsutdelning LGEN 2.277778
2008-09-03 - X-dag halvårsutdelning LGEN 2.233333
2008-04-16 - X-dag halvårsutdelning LGEN 4.555555
2007-09-05 - X-dag halvårsutdelning LGEN 2.077778
2007-04-18 - X-dag halvårsutdelning LGEN 4.233333
2005-09-07 - X-dag halvårsutdelning LGEN 1.833333
2005-03-30 - X-dag halvårsutdelning LGEN 3.833333
2024-12-04 08:00:03

Legal & General Group plc

4 December 2024

Deep Dive: Institutional Retirement

Legal & General Group Plc ("Legal & General" or the "Group") will today hold the first in a series of deep dives on its three divisions. Today's deep dive will cover Institutional Retirement.

The event will start at 9.00am GMT and will be webcast here ( link ). Presentation slides will be made available online shortly beforehand (at the same link).

Executing well in support of our Group targets

The Group is making good progress in delivering on the strategy set out at the Capital Markets Event in June. It is on track to deliver mid-single digit growth in operating profit for FY24 (in line with guidance) and, thereafter, to achieve its targets of 6-9% CAGR in core operating EPS (FY24-FY27) at an operating return on equity >20% (2025-2027) as well as cumulative Solvency II capital generation of £5-6bn (2025-2027).

PRT market opportunity is highly attractive; L&G strongly positioned

The global Pension Risk Transfer (PRT) market is growing and attractive and the Group is well-positioned to continue to seize the opportunity.

Our pipeline of PRT deals is as strong as it has ever been and our guidance of £50-65bn of UK PRT (2024-2028) remains unchanged. We reiterate the division's target operating profit CAGR of 5-7% (FY23-FY28).

Year-to-date we have written global PRT volumes of £10.0bn and are exclusive on a further £0.5bn expected to close in 2024. Of this £10.5bn, £8.4bn is UK and £2.1bn is International, with L&G writing its highest ever volumes in the US and Canada. 

In line with others in the market, we have adopted a largely gilts-based investment strategy for the majority of the business we have written this year, reflecting the prevailing market environment. This means that year-to-date strain on UK PRT is c.1% (significantly lower than our guidance of below 4%).

We anticipate returning to shareholders a proportion of the capital not deployed on strain this year. This will form part of the Board's wider consideration of buyback capacity, which will be set out at the FY24 results in March 2025 and would be incremental to the capital return intentions indicated at the Capital Markets Event in June.



Notes to Editors

About Legal & General

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at HY24) of which c.40% (c.£0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading international player in Institutional Retirement, in Retail Savings and Protection, and in both public and private markets through our Asset Management division. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

As at 3 December 2024, Legal & General has a market capitalisation of £13.1 billion.

Enquiries

Investors

Edward Houghton, Group Strategy & Investor Relations Director

investor.relations@group.landg.com

+44 203 124 2091

Gregory Franck, Investor Relations Director

investor.relations@group.landg.com

+44 203 124 4415

Media

Natalie Whitty, Group Corporate Affairs Director

Natalie.Whitty@group.landg.com

+44 738 443 5692

Lauren Kemp, Group Head of Corporate Media & Issues

Lauren.Kemp@lgim.com

+44 794 651 4627

Lucy Legh / Charlie Twigg, Headland Consultancy

LandG@headlandconsultancy.com

+44 20 3805 4822