Sign Up
Login

L&G reports 14% growth in operating profit; SII coverage ratio up 10pp

Written by Adam Cadle
05/08/2021

Legal and General (L&G) has reported a 14% growth in its operating profit to £1.079m for H1 2021, compared to £946m for the same period in 2020.

The insurer said the strength of its diversified business model meant it was able to “weather the volatility of 2020”, making the business well positioned for profitable growth.
  
L&G said it will also be returning £309m to its shareholders in September after raising its interim distribution by 5% to 5.18p.
  
The group’s Solvency II coverage ratio is also up 10pp year-on-year to 183%.

Related Articles

  There are no related documents to show at this time.

Impact Investing roundtable

DIVERSIFIED PRIVATE CREDIT
Editor Adam Cadle talks to BNP Paribas Asset Management head of pension solutions Julien Halfon about investing in diversified private credit

Absolute Return Fixed Income roundtable

European Loans roundtable

Emerging Market Debt
Editor Adam Cadle talks to BNP Paribas Asset Management head of emerging markets debt Bryan Carter about the asset class and the opportunities in this space
Most read stories...
HSBC: Asian credit
Adam Cadle talks to HSBC Global Asset Management global head of insurance segment Andries Hoekema and head of insurance business EMEA Deepak Seeburrun about investing in Asian credit for European insurers
World Markets (15 minute+ time delay)

Pictet-roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017