L&G gets an awareness of its own mortality aimeedonnellan
UK insurer Legal & General on March 6 reported operating profit of 2.3 billion pounds in 2018, up 14 percent on the previous year.L&G sold 10 billion pounds of annuities, most of them through the bulk annuity market. These involve companies offloading the risk to insurers of their defined benefit, or final salary, pension schemes.
L&G said it would pay a total dividend of 16.42 pence, up seven percent and in line with Reuters’ forecasts.
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