if you 'buy the rumor and sell the news, is all this rain a rumor?
these two shares are stuck between interims maybe worth a quick .10p short?

more rain forecast, or don't they pay out claims anymore?

Interim Management Statement.

LEGAL & GENERAL BUILDS FURTHER SCALE IN KEY MARKETS


OPERATIONAL CASH GENERATION £249M (Q1 2011: £245M)

NET CASH GENERATION £210M (Q1 2011: £209M)

LGIM ASSETS UP TO £383BN (FY 2011: £371BN)

LGIM NET FLOWS UP 29% TO £2.6BN (Q1 2011: £2.0BN)

RISK SALES UP 8% TO £78M APE (Q1 2011: £72M APE)

SAVINGS SALES DOWN 6% TO £300M APE (Q1 2011: £320M APE)

INTERNATIONAL SALES UP 37% TO £56M APE (Q1 2011: £41M APE)

Legal & General Group Plc Board announces the appointment of Nigel Wilson as Group Chief Executive.

Legal & General Group Plc ("Legal & General" or "the Company") is pleased to announce that Dr. Nigel Wilson will be appointed as Group Chief Executive as successor to Tim Breedon. Nigel joined Legal & General as Group Chief Financial Officer and a member of the Board in September 2009. His appointment follows a thorough and exhaustive process conducted by the Board under the Chairman's leadership and with the assistance of a leading executive search firm. With immediate effect, Nigel will be Group Chief Executive Designate and will formally succeed Tim with effect from 30 June 2012.

Tim will step down as Group Chief Executive and a member of the Board from 30 June but will remain an employee of the Company until 31 December 2012 undertaking an important advisory role on key activities including working on and lobbying for an appropriate outcome on Solvency II.

Half yearly report part 1

LEGAL & GENERAL: DIVIDENDS UP 18% TO 1.96P AND EARNINGS PER SHARE UP 14% TO 6.96P

FINANCIAL HIGHLIGHTS:

· INTERIM DIVIDEND UP 18% TO 1.96P PER SHARE (H1 2011: 1.66P PER SHARE)
EARNINGS PER SHARE UP 14% TO 6.96P (H1 2011: 6.13P)

· OPERATING PROFIT UP 5% TO £518M (H1 2011: £493M)
RISK, SAVINGS AND INVESTMENT MANAGEMENT ALL IMPROVED OPERATING PROFIT
IFRS PROFIT BEFORE TAX UP 11% £525M (H1 2011: £471M)

· IFRS RETURN ON EQUITY1 15.9% (H1 2011: 15.0%)

· OPERATIONAL CASH GENERATION £471M (H1 2011: £477M)
NET CASH GENERATION £407M (H1 2011: £406M)

· IGD SURPLUS £3.8BN AFTER INTERIM DIVIDEND (FY 2011: £3.8BN)

OPERATIONAL HIGHLIGHTS:

· LGIM NET FLOWS UP 33% TO £4.0BN (H1 2011: £3.0BN) AND AUM £381BN (FY 2011: £371BN)

· PROTECTION GROSS PREMIUMS UP 9%TO £672M (H1 2011: £614M)
US GROSS PREMIUMS UP 13% TO $456M (H1 2011: $403M)

Hey skinny are you still 10p up on these? I've looked at the last 5 years and it appears these usually drop after the Interim divvy so will leave alone this time.

Stan - I bought @99.89 (up 28.82%).

99.89?.. Yee ha! nice one.. who you buying next and when? -):

Stan - mixed results with the insurers - I'm down 6% on RSA and recently sold SL +45p.

Skinny, I lost interest in the Insurance/Assurance sector when the Banks started playing up, but you have shown that I was clearly over cautious -):

If you want the (insurance sector) yield with less risk/reward, have a look at GACA,GACB,SLI and many others.

Thanks.

Interim Management statement

LEGAL & GENERAL: RECORD THIRD QUARTER SALES; ASSETS UNDER MANAGEMENT OVER £390BN

· UK PROTECTION SALES UP 30% TO £56M (Q3 2011: £43M)

· US PROTECTION SALES UP 33% TO £24M (Q3 2011: £18M)

· INDIVIDUAL ANNUITY SALES UP 10% TO £350M (Q3 2011: £319M)

· AUTO ENROLMENT ACCELERATING FLOWS TO PENSIONS, Q3 NET INFLOWS £429M

· LGIM INTERNATIONAL NET INFLOWS £5.6BN (Q3 YTD 2011: £1.9BN)

· TOTAL OPERATIONAL CASH £702M, OPERATIONAL CASH FROM DIVISIONS UP £25M TO £686M (Q3 YTD 2011: £661M)

· NET CASH GENERATION UP £15M TO £616M (Q3 YTD 2011: £601M)

UPDATE ON US CAPITAL PROGRAMME

LEGAL & GENERAL DELIVERS FURTHER PHASE OF US CAPITAL PROGRAMME ON 31 DEC 2012
· REINSURANCE SOLUTION AT HEART OF PHASE 4 DELIVERS $345M CAPITAL BENEFIT TO L&G AMERICA (LGA) AND £172M TO L&G GROUP IGD SURPLUS

· CUMULATIVE PROGRAMME BENEFITS TO L&G AMERICA $735M OVER 2 YEARS

· CUMULATIVE PROGRAMME BENEFITS TO L&G GROUP IGD SURPLUS OF £402M (£260M IN 2012)

· IMPROVED RETURN ON EQUITY OF L&G AMERICA AND PROFITABILITY OF NEW BUSINESS

LEGAL & GENERAL AGREES LARGEST EVER LONGEVITY INSURANCE DEAL WITH BAE SYSTEMS 2000 PENSION PLAN.

Legal & General has put in place a longevity insurance arrangement for the BAE Systems 2000 Pension Plan ("the Plan"), the largest such arrangement completed in the UK.

The arrangement insures the Plan against the financial risk of its 31,000 current pensioners living longer than expected, covering a total of £2.7bn of liabilities as measured by the Plan, or £3.2bn discounted at Libor1. The pensioners of the Plan will see no changes to its administration.

The transaction demonstrates the increasing appetite of pension schemes and their sponsors for insuring longevity risk, as well as Legal & General's capability in this developing market. Legal & General will retain 30% of the longevity risk, with the remainder being reinsured by Hannover Re.

Looking at 2007 highs.

5+ year high today - final results tomorrow.

Final Results part 1

EARNINGS PER SHARE UP 12% AND DIVIDENDS UP 20%

FINANCIAL HIGHLIGHTS:

· EARNINGS PER SHARE UP 12% TO 13.90P (2011: 12.42P)

· FULL YEAR DIVIDEND UP 20% TO 7.65P PER SHARE (2011: 6.40P PER SHARE)

· OPERATING PROFIT UP TO £1,087M (2011: £1,053M); OPERATING PROFIT FROM DIVISIONS UP TO £1,115M (2011: £1,058M)

· PROFIT AFTER TAX UP TO £801M (2011: £721M)
· NET CASH UP TO £865M (2011: £846M); NET CASH FROM DIVISIONS UP TO £845M (2011: £802M)
· IFRS RETURN ON EQUITY 15.5% (2011: 14.9%)

ACCELERATING GROWTH IN FLOWS AND STOCK:

· LGIM NET FLOWS UP TO £7.1BN (2011: £3.0BN) AUM UP 9% TO £406BN

· INDIVIDUAL ANNUITY SALES UP 26% TO £132M AUM UP 13% TO £32BN

· SAVINGS SALES UP 15% TO £1.5BN AUA UP 8% TO £70BN

· UK PROTECTION SALES UP 25% TO £221M GWP UP 6% TO £1.3BN

· US PROTECTION SALES UP 28% TO $142M GWP UP 10% TO $922M

· GI PREMIUMS UP 15% TO £349M

Looking good!

THANKYOU SKINNY LOOKING GOOD.

Barclays Capital Overweight 165.30 166.00 166.40 - Reiterates

Bank of America Merrill Lynch Neutral 165.30 166.00 155.00 172.00 Reiterates

HB Markets Buy 165.30 166.00 - - Reiterates

Deutsche Bank Buy 165.30 166.00 170.00 170.00 Retains

JP Morgan Cazenove Neutral 165.30 166.00 144.00 - Reiterates

Barclays Capital Overweight 0.00 166.40 180.80 Reiterates