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LGEN - Legal & General News Story

228.5p -8.4  -3.5%

Last Trade - 13/08/20

Sector
Financials
Size
Large Cap
Market Cap £14.14bn
Enterprise Value £-1.68bn
Revenue £35.00bn
Position in Universe 73rd / 1818

Legal & General estimates higher assets under management at May-end

Tue 16th June, 2020 10:33am
June 16 (Reuters) - British life insurer Legal & General
 LGEN.L  on Tuesday estimated a rise in assets under management
at its investment management arm and said it was planning to
issue restricted tier 1 debt to capitalise on favourable market
conditions.
    The company said the unit, one of Britain's biggest
investors, had estimated assets under management of 1.23
trillion pounds ($1.56 trillion) at the end of May, compared
with 1.14 trillion pounds at March-end.
    The company expects shareholder solvency ratio at half year
to be in the range of 162% to 167%, lower than the 174% it had
reported at the start of the year to Feb. 28.  urn:newsml:reuters.com:*:nL8N2AX1HZ
    
($1 = 0.7910 pounds)

 (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Anil
D'Silva)
 ((tanishaa.nadkar@thomsonreuters.com; +919730172534; Twitter -
@TanishaaNadkar;))
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