Story perspectives

L&G Reports £1.62 Billion Profit, Announces Share Buyback

3/11/2026

Summary

Story summary

Legal & General Group plc (L&G) reported for the year ended December 2025 a core operating profit of £1.62 billion, below the £1.65 billion analyst consensus.
The company announced a £1.2 billion share buyback and a 2% dividend increase to 21.79p.
Growth was driven by the institutional retirement and retail divisions while asset management profits remained flat.
The Solvency II coverage ratio declined from 232% to 210%.
Investors may focus on the effectiveness of the ongoing cost overhaul in closing the earnings gap.

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Story summary

Legal & General Group plc (L&G) reported for the year ended December 2025 a core operating profit of £1.62 billion, below the £1.65 billion analyst consensus.
The company announced a £1.2 billion share buyback and a 2% dividend increase to 21.79p.
Growth was driven by the institutional retirement and retail divisions while asset management profits remained flat.
The Solvency II coverage ratio declined from 232% to 210%.
Investors may focus on the effectiveness of the ongoing cost overhaul in closing the earnings gap.