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Legal & General reports modest earnings growth, raises dividend

Legal & General shares were flat at 271.7 pence in early Tuesday trading.

the legal group Profit after tax increased to £1.1bn Against £1bn in 2021 HY1 and a return on equity of 21.3% from 22% in the previous year.

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The company posted a Solvency II coverage of 212% compared to 182% in the same period last year.

Legal & General commented that all four of its divisions are well positioned to take advantage of structural market opportunities and deliver profitable growth over the medium to long term despite market volatility. did.

Sir Nigel, Legal & General CEO, said: Wilson.

“We serve institutional and individual clients, generate sufficient volume and profit margins in a strong PRT market, continue to expand LGC’s pace both in the UK and now in the US, and grow our own business. It also delivers positive results for the economies in which we invest: our balance sheet is strong and resilient, with a solvency ratio of 212% and 100% cash flow from direct investments.”

“We are committed to providing financial security to our clients and colleagues in challenging economic times and are confident in our ability to sustainably grow earnings with attractive returns over the long term. increase.”

legal and general 2022 HY1 5% dividend increased to 5.4p Compared to last year’s 5.1p.



Legal & General reports modest earnings growth, raises dividend

Source link Legal & General reports modest earnings growth, raises dividend

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