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Key facts

Legal & General is a leading UK-based financial services business, with over 10 million customers across the world.
We deliver financial solutions and services that help people to plan for their future. Our businesses help people achieve financial security by building retirement income, protecting their homes and families and enabling them to save for the future. We aim to be socially and economically useful in society, working closely with government, industry bodies and charities to help people have good housing, live healthy lives and enjoy good levels of income in retirement.

This is our social purpose: we understand people’s financial needs, pool risk and help society by reducing the pressure on public finances.

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Financial Calendar

Recent Broker notes

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Recent Market news

Legal & General's Fundamentals (LGEN)

Stuck my neck out and bought a few on the drop!

Ticking up to another high @283.70p

Very pleasing this share :-) Done OK with pru also and looking for good results Tues.

Mar 10: Morgan Stanley: Equal Weight - TP 272p (Old TP: 244p)

New high touched @290.30p

Ah, Deutsche can relax!

March 17: JP Morgan Cazenove reiterates Underweight but ups TP from 212p to 220p.

Mar 19: Societe Generale: Sell - TP: 185p

Momentum shares

Disturbing story

Mar 24: Canaccord: Hold - TP: 290p

Jefferies International Buy 284.10 284.10 282.00 323.00 Reiterates

L&G paid CEO £4.2m last year

anyone in the know why sp down by 3%+ today?

Beacause it's gone ex-dividend today.

think i'll put a plastic bag over my head so nobody recognizes me......

Apr 24: JP Morgan: Underweight - TP: 220p

Q1 2015 IMS

LEGAL & GENERAL: RECORD CASH GENERATION

GROUP HIGHLIGHTS:

· OPERATIONAL CASH GENERATION UP 11% TO £330M (Q1 2014: £297M)

· NET CASH GENERATION UP 8% TO £326M (Q1 2014: £301M)


BUSINESS HIGHLIGHTS:

· LGIM TOTAL ASSETS UP 17% TO £736.8BN (Q1 2014: £630.9BN)

· ANNUITY ASSETS UP 19% TO £45.6BN (Q1 2014: £38.3BN)

· BULK PURCHASE ANNUITY PREMIUMS OF £655M (Q1 2014: £3,045M)

· UK PROTECTION PREMIUM UP 5% TO £372M (Q1 2014: £353M)

· DIGITAL SAVINGS ASSETS UP 16% TO £84.2BN (Q1 2014: £72.5BN)

· GROUP WIDE DIRECT INVESTMENT UP 62% TO £6.3BN (Q1 2014: £3.9BN)

June 29: Credit Suisse: Neutral - TP: 285p

July 10: Barclays Capital reiterates overweight on Legal & General, target raised from 285p to 289p

L&G Half-year results 2015 Part 1

OPERATING PROFIT UP 18%, NET CASH UP 11%, ROE1 19%

FINANCIAL HIGHLIGHTS:

· NET CASH GENERATION UP 11% TO £629M (H1 2014: £567M)
· OPERATIONAL CASH GENERATION UP 8% TO £624M (H1 2014: £578M)
· OPERATING PROFIT UP 18% TO £750M (H1 2014: £636M)
· PROFIT AFTER TAX UP 8% TO £547M (H1 2014: £507M)
· EARNINGS PER SHARE UP 7% TO 9.11P (H1 2014: 8.51P)
· ADJUSTED EARNINGS PER SHARE2 UP 15% TO 9.79P (H1 2014: 8.51P)
· RETURN ON EQUITY1 19.1% (H1 2014: 17.6%)
· INTERIM DIVIDEND UP 19% TO 3.45P PER SHARE (H1 2014: 2.90P)

BUSINESS HIGHLIGHTS:

· LGIM AUM UP 12% TO £714.6BN (H1 2014: £640.0BN)
· LGIM EXTERNAL NET FLOWS UP 62% TO £13.8BN (H1 2014: £8.5BN)
· ANNUITY ASSETS UP 13% TO £43.4BN (H1 2014: £38.5BN)
· BULK PURCHASE ANNUITY PREMIUMS OF £1,146M (H1 2014: £3,135M)
· UK PROTECTION PREMIUMS UP 4% TO £774M (H1 2014: £743M)
· DIRECT INVESTMENTS UP 35% TO £6.2BN (H1 2014: £4.6BN)