Legal & General reports operating profit of 2.1 billion pounds
The insurance and asset management firm returned 1.1 billion pounds in dividends to shareholders
Legal & General Group Plc (LGEN), the insurance and asset management provider, reported an operating profit of 2.1 billion pounds. The company distributed 1.1 billion pounds in dividends to shareholders.
Operating profit fell from 2.4 billion pounds in the previous period. This decline occurred as the company managed a total comprehensive income of 1.3 billion pounds.
Total assets grew to 1.2 trillion pounds, compared to 1.1 trillion pounds in the prior year. This expansion in the balance sheet coincided with total liabilities of 1.1 trillion pounds.
Shareholders' equity stood at 104 billion pounds. The company reported a profit after tax of 1.3 billion pounds.
Cash and cash equivalents totaled 1.5 billion pounds, while the company maintained total equity and liabilities of 1.2 trillion pounds.