Legal & General (L&G) has reported a 9% rise in core operating earnings per share to 10.94p for the first half of 2025, thanks to growth across workplace pensions, annuities, and asset management.
L&G's retail division, which includes pensions, protection and investments, now serves 12.4 million customers. While the company is exiting the US protection market, its partnership with Meiji Yasuda, valued at $2.3bn, is expected to strengthen global scale and simplify operations. The firm also said: "Our newly announced partnership with Blackstone improves our competitive position in both annuities and asset Management. The outlook for our businesses is positive and we are firmly on track to achieve our financial targets. We are delivering on our promise to return more to shareholders ...
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