LEGAL & GENERAL GROUP PLC (LON: LGEN) SHARES TRADED AT 254.55 GBX IN AFTERNOON TRADING ONGUST 6, 2025, MARKING A DECREASE OF 2.66% ON THE SE DAY. This Dip Comes LEAVING LEGAL & GENERAL POSTING ROBUST First-HALF Results Earlier in the Session.
The Company reported 6% Uplift in core operating profit IFRS PRE-TAX PROFIT SURGED 28% TO £ 406 MILLION, AND CORE OPERATING EARNINGS PER SHARE CLIMBED 9% TO 10.94P, HITTING THE TOP END OF MANAGEMENT’S GROWTH TARGET.
The Insurer’s Performance was Powered by Strong Demand in ITS Institutional Retirement Segment, Which Saw Double-Digit Profit Growth and Wrote Over £ 5 Billion of New Business in Pension Risk Transfers.
ITS ASSET MANAGEMENT DIVISION NAVIGATED MARKET HEADWINDS, Posting £ 15 Million in Annualized Net New Revenue, While The Retail Business Lifted Workplace Pension Assets to £ 101 billion and grew profits 3% to £ 237 million.
LEGAL & GENERAL ANNOUNDED A 2% INCREASE IN ITS INTERIM DIVIDER TO 6.12P PER SHARE AND COMPLETED 90% OF ITS 500 MILLION SHARE BUYBACK PROGRAMME. The solvent Coverage Ratio Stood at 217%, reflecting a solid capital position.
CEO ANTÓNIO SIMõES HAILED “AN EXCELLENT SIX MOUTHS,” Underpinned by Resilient Business Momentum and Significant Progress on Strategic Partnerships and Acquisions, Including Deals with Proprium Capital Partners and Blackstone.
While The Shares Slipped On The Day, LGEN REMAINS UP MORE THAN 10% FOR THE YEAR-TO-DATE, WITH MANAGEMENT REAffirming Confidenze in ITS Medium-Merm Targets. More than £ 5 billion is set to be returned to shareholdrs Through dividends and buybacks over the Next Three Years, Underling The Company’s Focus on Sustainable Shareholder Returns in a Still-Volatile Market Backdrop.
