L&G profits up after bumper sales

Jenna Towler
clock

Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.

The firm's preliminary results for 2012 showed profit after tax was up to £810m, it stood at £721m in 2011. It said full year dividends were up 20% to 7.65p a share. Legal & General Investment Management (LGIM) said inflows stood at £7.1bn, a significant increase on £3bn in 2011. Assets under administration at LGIM were up 9% to £406bn. Individual annuity sales were also up by a quarter to £132m. Savings and protection sales were also higher than 2011. Nigel Wilson, group chief executive, said: "An uncertain, sluggish economy has had minimal impact. "The more important growth d...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read