Legal & General (L&G) has reported an increase in operating profits for full-year 2011 after a marked rise in its investment management (LGIM) and international divisions.
The UK-based group saw operating profits across its four divisions increase to £1.056bn, up from £1.002bn the previous year.
LGIM delivered a 14% increase in operating profit to £234m, while assets under management were up 5% to £371bn, from £354bn last year.
It will pay a total dividend for 2011 of 6.4p per share, an increase of 35% and ahead of the 5.93p pencilled in by analysts in a company poll.
The group's international business also saw a marked increase in operating profit, from £102m in 2010 to £137m last year.
Group CEO Tim Breedon (pictured) said: "L&G had a strong 2011. All four of our operating business divisions - risk, savings, investment management and international - delivered increased sales, cash generation and profits.
"We have significant scale: seven million customers and assets under management of more than £370bn. Our broad product range, diversified distribution and ability to deliver will enable us to grow the business, further enhance shareholder value, and take advantage of the opportunities created in a fast-changing market."
Meanwhile, L&G said it is investing in its platform strategy ahead of RDR to ensure it has an "efficient end-to-end business model".
It said its in-house platform, IPS, had added some 270,000 extra customers in 2011, from a customer base of just over 150,000 at the end of 2010.
This included a migration of 215,000 customers from legacy portfolios onto IPS, it said.
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