Legal & General releases transcript of 2026 half-year results presentation and analyst Q&A
Reuters2026/08/07 11:07- Legal & General published the transcript of its 2026 half-year results presentation and analyst Q&A, attended by CEO António Simões, CFO Andrew Kail, CSO/IR chief Andy Sinclair, business CEOs.
- Core operating EPS rose 11%; solvency coverage ratio was 201% at end-June; interim dividend per share increased 2% to 6.24p; share buyback reached 450 million.
- Asset optimization was 288 million in H1; guidance lifted to more than 400 million per year across the annuity portfolio, with upside potential if credit spreads widen.
- Institutional retirement wrote or was exclusive on 5.7 billion of PRT; new business margin fell to 4.2%; strain rose to 3.4%; minimum 14% IRR hurdle maintained.
- Quarterly trading updates will start with a Q3 update on Monday, Nov. 16; management reiterated dividend cover by net surplus generation by 2027.
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