L&G H1 profits rise 9% as CEO hails 'excellent six months'

Growth from workplace pensions, annuities, and asset management

clock • 2 min read

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 ...

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

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read