UK's Legal & General 2025 core operating profit rises, launches £1.2 bln buyback

Legal & General

11/03/2026 07:08

Overview

UK insurance and asset manager's 2025 core operating profit rose 6%, core operating EPS up 9%

Company announced £1.2 bln share buyback, largest in its history

Dividend per share increased 2% to 21.79p

Outlook

Legal & General Group guides dividend per share growth of 2% for the current yr

Legal & General expects planned returns to shareholders of £2.4 bln over next yr

Result Drivers

INSTITUTIONAL RETIREMENT - Co said continued momentum in defined benefit pension risk transfer supported results

ASSET MANAGEMENT GROWTH - Asset management saw growth in private markets and an increase in average fee margin

RETAIL ANNUITIES AND WORKPLACE - Higher retail annuity volumes and workplace defined contribution assets under administration contributed to performance

Company press release: ID:nRSK1361Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
GBP 592 mln
FY Dividend
GBP 0.22
FY Operating Profit
GBP 1.76 bln
FY Pretax Profit
GBP 807 mln
FY ROE
54.40%
FY Solvency Ratio
210.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy."

Wall Street's median 12-month price target for Legal & General Group PLC is GBp261.50, about 1.2% above its March 10 closing price of GBp258.50

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)