L&G posted a rare update of its main figures in Q1 20, as it usually only releases half-year results. The company said it is in a good shape, with a developing Pension Risk Transfer business (transactions of £1.2bn with a business pipeline of £26bn). Annuity sales are growing and the asset management business recorded net inflows of £10.6bn. The insurer will issue Tier 2 subordianted debt and said its capital position remains solid. This announcement confirms our estimat
27 Apr 2020
No major problems so far
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No major problems so far
Legal & General Group Plc (LGEN:LON) | 244 -1 (-0.2%) | Mkt Cap: 14,602m
- Published:
27 Apr 2020 -
Author:
Bassem Neifer -
Pages:
3
L&G posted a rare update of its main figures in Q1 20, as it usually only releases half-year results. The company said it is in a good shape, with a developing Pension Risk Transfer business (transactions of £1.2bn with a business pipeline of £26bn). Annuity sales are growing and the asset management business recorded net inflows of £10.6bn. The insurer will issue Tier 2 subordianted debt and said its capital position remains solid. This announcement confirms our estimat