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 201...
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