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LGEN Legal & General Group Plc

235.80
0.50 (0.21%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Legal & General Group Plc LSE:LGEN London Ordinary Share GB0005603997 ORD 2 1/2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.21% 235.80 235.80 235.90 236.90 234.80 235.60 19,846,539 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 30.88 14.11B

Legal & General 10-Month AuM Rose; Plans Debt Issue

19/11/2019 9:26am

Dow Jones News


Legal & General (LSE:LGEN)
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From May 2019 to May 2024

Click Here for more Legal & General Charts.
   By Adria Calatayud 
 

Legal & General Group PLC (LGEN.LN) said Tuesday that assets under management rose to 1.2 trillion pounds ($1.554 trillion) in the first ten months of 2019, and that it plans to issue new debt shortly.

The U.K. financial-services group's solvency capital ratio--a measure of balance-sheet strength--is expected to be in a range 171% and 176% at the end of 2019 compared with 171% at the end of the first half.

Legal & General Investment Management increased assets under management by around GBP200 billion to GBP1.2 trillion as of Oct. 31, the company said.

The company said its Institutional Retirement business transacted GBP8.5 billion of pension risk transfer to Oct. 31. Its retail retirement business has achieved individual annuity sales of GBP829 million to the end of October, up 34% on year.

FTSE 100-listed Legal & General said it aims to take advantage of current favorable market conditions through a debt issue. The company will confirm the amount of debt raised after the issue has settled, it said.

Shares at 0851 GMT were up 1.1% at 283.90 pence.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

November 19, 2019 04:11 ET (09:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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