Legal & General Group PLC on Wednesday reported that operating profit edged lower in 2020 and said that it is confident it will continue to deliver profitable growth into the future
The FTSE 100-listed insurance company posted an operating profit of 2.22 billion pounds ($3.08 billion), compared with GBP2.29 billion a year earlier, with three out of five of its businesses delivering growth.
Net profit stood at GBP1.61 billion, compared with GBP1.83 billion, while assets under management increased to GBP1.28 trillion from GBP1.20 trillion, the company said.
Earnings per share fell to 19.84 pence from 28.66 pence, it said.
Its solvency capital ratio–a key measure of balance-sheet strength–was 177%, compared with 184% for the previous year, the company said.
Legal & General declared an unchanged full-year dividend of 17.57 pence a share.