News

Legal & General reports record profits as assets approach £1tn

The UK-listed insurer notched up pre-tax profits of £2.1bn

Legal & General reports record profits as assets approach £1tn

Insurer Legal & General reported record profits in 2017 as its fund management arm became the first in the UK to close in on £1tn in client assets.

The UK-listed company made a pre-tax profit of £2.1bn, on the back higher sales in its retirement business and improvements to its longevity assumptions, which lowered the cost of it annuity book.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line