Legal & General exceeded expectations with £849m adjusted operating profit, driven by record £1.2bn annuities sales, amid ongoing restructuring.
Legal & General, a leading asset management and insurance company, surpassed market expectations with an adjusted operating profit of £849 million in the first half of the year. The surge is attributed to a rise in individual annuities sold, reaching £1.2 billion. The company is undergoing a restructuring strategy, planning to reshape into a "simpler, better-connected L&G" and is confident in its pipeline of projects, expecting mid-single digit core operating profit growth in 2024.
August 07, 2024
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