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LGEN

Legal & General

Life Insurance

Index
FTSE 100
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

Legal & General is a major UK financial-services group focused on institutional retirement, asset management and retail savings and insurance. It is one of the leading providers of pension risk-transfer transactions to company pension schemes.

02

Key activities

Bulk purchase annuities and pension risk transfer, asset management, workplace pensions, individual retirement products, life insurance and long-term investment solutions.

03

Key markets

The United Kingdom is the core market, with international asset-management clients and a growing presence in pension risk transfer outside the UK.

04

Key drivers

Pension risk-transfer volumes, assets under management, investment fees, annuity margins, workplace pension growth, capital generation, cost savings and shareholder returns.

05

Key risks

Credit and market losses, interest-rate movements, longevity assumptions, regulatory capital requirements, asset-management outflows, operational complexity and failure to deliver strategic efficiency targets.

06

Recent Developments

5 August 2026: first-half core operating profit rose 7% to £918m and pre-tax profit increased 47% to £699m. Legal & General had written £5.7bn of pension risk-transfer business by July, raised the interim dividend 2% and continued its £1.2bn buyback programme.

07

Dividend notes

Pays interim and final dividends. The 2025 final dividend of about 15.67p went ex-dividend on 23 April 2026 and was paid on 4 June. The 2026 interim dividend is 6.24p, goes ex-dividend on 20 August and is payable on 25 September.

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