Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom. It operates in five segments: Risk, Savings, Investment management, International, and Group capital and financing. The Risk segment includes individual and group protection, individual and bulk purchase annuities, and general insurance, together with estate agencies and the housing related business conducted through its mortgage network. The Savings segment comprises non profit investment bonds, non profit pensions, individual savings account, retail unit trusts, and all with-profits products. The Investment management segment comprises institutional fund management and institutional unit trust business. The International segment comprises businesses in the United States, France, the Netherlands and emerging markets. On June 5, 2008, the Company acquired Suffolk Life Group Plc.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Legal & General Group Plc's revenues totaled £1.44B vs. a negative revenue of £13.79B. Net loss totaled £71M, up from £14M. Revenues reflect lower investment loss and increased operational income. Higher loss reflects increased claims & change in insurance liabilities, lower reinsurance recoveries, increased acquisition cost and the presence of transfers from unallocated divisible surplus vs. an income.
Company Address
Legal and General Group PLC
One Coleman Street London ENG EC2R 5AA
P: +4420.31242000