Christmas comes early for Legal & General investors after insurer announces record year for earnings
Christmas has come early for investors in Legal & General after the insurance giant stated it is on course for a record year of profits, driven by what it called 'formidable momentum' in its core business divisions.
The group pointed to areas such as its retirement unit, which has delivered total sales of £6.2billion in the year to date, thanks to strong performances in the UK and US pension markets.
In retail, L&G said it has 'significantly outperformed the market', with UK individual annuity premiums up 93 per cent, equivalent to a 14 per cent market share.
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