L&G’s operating earnings improved significantly in the H1 19 (5.6% to £1,005m). This performance was better than expected. The insurer will revise its mortality hypothesis in the H2 with an additional £200m on operating earnings by the end of the year. The reduction in the capital position is not particularly a source of concerns and it should recover in the H2. The increased interim dividend to 4.93p/share and the growing business confirm the solidity of the Group.
08 Aug 2019
The decline in Solvency is not a concern
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The decline in Solvency is not a concern
Legal & General Group Plc (LGEN:LON) | 255 0 0.0% | Mkt Cap: 15,227m
- Published:
08 Aug 2019 -
Author:
Bassem Neifer -
Pages:
3
L&G’s operating earnings improved significantly in the H1 19 (5.6% to £1,005m). This performance was better than expected. The insurer will revise its mortality hypothesis in the H2 with an additional £200m on operating earnings by the end of the year. The reduction in the capital position is not particularly a source of concerns and it should recover in the H2. The increased interim dividend to 4.93p/share and the growing business confirm the solidity of the Group.