Financial highlights

 
  2018 2017 Growth
Dividend per share (pence) 16.42 15.35 7%
       
LGIM AUM (£bn) 1,015.5 983.3 3%
Annuity assets (£bn) 63.0 58.2 8%
UK protection premiums (£m) 1,608 1,558 3%
Group Direct investments (£bn) 19.2 14.4 33%
       
Net release from cont. operations1 (£m) 1,396 1,352 3%
Operating profit2 (£m) 1,902 1,723 10%
Profit after tax1, 2 (£m) 1,468 1,371 7%
Earnings per share1, 2 (pence) 24.74 23.10 7%
       
Solvency II coverage ratio (%) 188 189  
Solvency II net surplus generation (£bn) 1.4 1.3  
Solvency II surplus (£bn) 6.9 6.9  
Return on equity1, 2 (%) 22.7 25.6  
  1. Excludes Mature Savings and Legal & General Netherlands
  2. Excludes mortality reserve releases (2018: £433m, 2017: £332m). 2018 mortality release of £433m from LGR’s £44.5bn of net longevity exposure relates to changes in longevity improvement assumptions to align to CMI 2016 tables.
  3. Includes one-off £246m tax benefit arising on revaluation of net deferred tax liabilities relating in the US, largely relating to the US protection business following the US corporate income tax rate reduction from 35% to 21%.
     
Close
Loading...