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Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

226.50GBp
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Legal & General Says Co Redesigns And Acquires New Manchester Tower
Monday, 20 Aug 2018 06:53am EDT 

Aug 20 (Reuters) - Legal & General Group PLC ::LEGAL & GENERAL GROUP SAYS REDESIGNS AND ACQUIRES NEW MANCHESTER TOWER FOR GROWING BUILD TO RENT PORTFOLIO.  Full Article

Legal & General 2017 operating profit rises 32 pct to 2.1 bln stg​
Wednesday, 7 Mar 2018 02:08am EST 

March 7 (Reuters) - Legal & General Group Plc ::L&G FULL YEAR RESULTS 2017 PART 1.‍EPS 1 31.9P, RETURN ON EQUITY 25.6%​.‍OPERATING PROFIT UP 32% TO £2,055M (2016: £1,562M)​.‍PROFIT BEFORE TAX 3 UP 32% TO £2,090M (2016: £1,582M)​.‍FULL YEAR DIVIDEND UP 7% TO 15.35P PER SHARE (2016: 14.35P)​.‍PROFIT AFTER TAX UP 50% TO £1,902M (2016: £1,265M)​.‍OPERATING PROFIT FROM CONTINUING OPERATIONS 5 EXCLUDING MORTALITY RELEASE UP 12% TO £1,616M (2016: £1,447M)​.‍NET RELEASE FROM CONTINUING OPERATIONS 5 UP 9% TO £1,352M (2016: £1,242M)​.‍SOLVENCY II COVERAGE RATIO 7 OF 189% (2016: 171%)​.‍PRT 8 AND INDIVIDUAL ANNUITY NEW BUSINESS OF £4.6BN (2016: £4.1BN)​.‍LIFETIME MORTGAGE ADVANCES OF £1.0BN (2016: £0.6BN)​.‍LGIM EXTERNAL NET FLOWS UP 49% AT £43.5BN (2016: £29.2BN)​.‍LGIM AUM UP 10% AT £983.3BN (2016: £894.2BN)​.‍EXCLUDING MORTALITY RESERVE RELEASES, GROWTH IN OPERATING PROFIT WAS 13%​.  Full Article

Legal & General Group In Advanced Talks To Buy Remainder Of Housebuilder Cala- Sky News‍​
Tuesday, 6 Mar 2018 06:56am EST 

March 6 (Reuters) - :LEGAL & GENERAL GROUP IN ADVANCED TALKS TO BUY REMAINDER OF HOUSEBUILDER CALA- SKY NEWS‍​.  Full Article

Legal & General says on track for a record year in 2017
Thursday, 7 Dec 2017 02:28am EST 

Dec 7 (Reuters) - LEGAL & GENERAL GROUP PLC ::CONTINUES TO SEE GREAT MOMENTUM IN ALL ITS BUSINESSES IN YEAR TO DATE AND HAS EXPERIENCED PARTICULARLY STRONG GROWTH IN RECENT WEEKS.LEGAL & GENERAL RETIREMENT (LGR) HAS DELIVERED TOTAL SALES FOR 2017 TO DATE 1 OF £6.2BN.ANNUITY SALES GENERATED £4.5BN OF ANNUITY PREMIUM.FY UK INDIVIDUAL ANNUITY PREMIUMS UP 93%, EQUIVALENT TO A 14% MARKET SHARE.BY END OF OCTOBER, INTERNATIONAL NET INFLOWS WERE £26.1BN.GENERAL INSURANCE (GI) GROSS WRITTEN PREMIUMS ARE UP 13% TO £305M BY END OF OCTOBER.  Full Article

Legal & General Group to sell mature savings business to Swiss Re
Wednesday, 6 Dec 2017 02:10am EST 

Dec 6 (Reuters) - Legal & General Group Plc ::LEGAL & GENERAL GRP - L&G HAS REACHED AGREEMENT TO SELL ITS MATURE SAVINGS BUSINESS TO REASSURE DIVISION OF SWISS RE LTD ("SWISS RE") FOR 650 MILLION POUNDS​.SAYS ‍BUSINESS BEING SOLD COMPRISES PRINCIPALLY RETAIL CUSTOMERS WHO HOLD TRADITIONAL INSURANCE BASED PENSIONS, SAVINGS AND INVESTMENT PRODUCTS​.EXPECTS FORMAL TRANSFER OF BUSINESS WILL BE COMPLETED IN MID-2019​.  Full Article

Legal & General Group buys retirement home for 51mln stg​
Tuesday, 14 Nov 2017 02:14am EST 

Nov 14 (Reuters) - Legal & General Group Plc :‍Legal & General announces acquisition of a later living business called renaissance villages (rv) for a net purchase price of around 51 million pounds​.  Full Article

L&G names new residential development manager
Monday, 23 Oct 2017 07:57am EDT 

Oct 23 (Reuters) - LEGAL & GENERAL GROUP PLC ::‍APPOINTED JAMES ROBSON AS RESIDENTIAL DEVELOPMENT MANAGER, GROWING ITS DEDICATED BUILD TO RENT TEAM TO EIGHT.APPOINTMENT TO SUPPORT GROUP'S AMBITIONS TO HAVE 6,000 UNITS IN PLANNING, DEVELOPMENT OR OPERATION BY END OF 2019​.  Full Article

Legal & General provides 120 million stg in debt for HS1 rail purchase
Wednesday, 27 Sep 2017 06:03am EDT 

Sept 27 (Reuters) - Legal & General :Says provides 120 million pounds ($160.73 million) in debt in support of equitix, hicl hicl., infrared consortium's purchase of high speed 1 rail link.  Full Article

Legal & General H1 operating profit up 27 pct to 988 mln stg
Wednesday, 9 Aug 2017 02:00am EDT 

Aug 9 (Reuters) - Legal & General Group Plc :H1 pretax profit rose 41 percent to 1.2 billion stg.Operating profit up 27% to £988m (h1 2016: £777m).Profit after tax up 43% to £952m (h1 2016: £667m).Earnings per share up 41% to 15.94p (h1 2016: 11.27p).Profit before tax 1 up 41% to £1.2bn.Interim dividend 3 of 4.30p per share (h1 2016: 4.00p).Net release from operations for retained business 4 up 6% to £724m (h1 2016: £681m).Return on equity 5 of 26.7% (h1 2016: 20.6%).Solvency ii surplus 6 increased by £1.0bn to £6.7bn (fy 2016: £5.7bn).Solvency ii coverage ratio 6 of 186% (fy 2016: 171%.New annuity business of £1.6bn (h1 2016: £0.7bn).Lgim aum up 13% at £951.1bn (h1 2016: £841.5bn).Lgim external net inflows of £21.7bn (h1 2016: £9.6bn).Group-Wide direct investment up 48% at £11.8bn (h1 2016: £8.0bn).Lgi gross premiums up 6% to £1,338m (h1 2016: £1,260m).We are replicating our successful uk model with measured expansion in us.Not being complacent as we recognise that there are currently some structural weaknesses in uk economy.Pension risk transfer new annuity business of £1.6bn (h1 2016: £0.7bn).Currently quoting on c.£12bn of buy-in and buy-out deals in uk.Expect to see continued positive growth in individual annuity sales in h2 2017.We have a 30% market share in lifetime mortgages with market volumes expected to grow to £3.0bn in 2017.We will review appropriateness of our longevity improvement assumptions at year end.In us we completed three bulk deals in h1 2017 totalling $141m premiums.  Full Article

Insurer L&G forays into Britain's retirement housing market
Friday, 4 Aug 2017 03:19am EDT 

Aug 4 (Reuters) - LEGAL & GENERAL GROUP PLC ::ANNOUNCES ESTABLISHMENT OF INSPIRED VILLAGES GROUP, WHICH IS FORMED OUT OF ENGLISH CARE VILLAGES.ANNOUNCES ACQUISITION OF THE ASSETS OF TWO JV BETWEEN ENGLISH CARE VILLAGES AND PLACES FOR PEOPLE FOR AROUND 40 MLN STG‍​.WITH LEGAL & GENERAL'S LONG TERM FINANCIAL BACKING, INSPIRED VILLAGES WILL ACQUIRE SEVERAL SITES PER YEAR‍​.  Full Article

PRESS DIGEST- British Business - Dec 13

Dec 13 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.