Legal & General Group plc announce 6.24p per share interim dividend

Legal & General Group plc announce an interim dividend per share of 6.24p, up 2%, and £1.2bn.

Other financial highlights include:

• Core Operating Profit of £918m up 7% and Core operating EPS up 11%

• FY26 Core Operating EPS expected to be above the top end of our 6-9% target range

• IFRS Profit Before Tax of £1,997m reflecting a gain on the disposal of their non-retained US business

• Solvency II Capital Generation (OSG) of £790m up 3% and SII OSG per share of 14.16p, up 7%

• Solvency II Coverage Ratio of 201%, remaining well above our 160-190% operating target range

• Asset Optimisation of £288m (up 36%); increasing our guidance to >£400m per annum

Leading businesses well-positioned in growing markets

• Institutional Retirement: £5.7bn of Global PRT (pension risk transfer) written or exclusive as at end-July

• Asset Management: Cost income ratio reduced 4ppts to 71%; £1.2trn global AUM, of which Private Markets £79bn (up 22%); ANNR[3] of £23m and fee margin expansion to 9.6bps, total UK DC assets up 23% to £236bn

• Retail: Retail Annuities volumes of £1.2bn and Workplace net flows of £6.2bn as at end-July. Workplace DC Assets Under Administration up 27% to £128bn

Synergistic business model

• >50% of Asset Management ANNR in first half of 2026 supported by controlled distribution[4]

• c.98% of UK PRT volumes transacted with their long-standing clients in Asset Management in H1 2026 with c.90% of Annuity assets managed by Asset Management

• c.95% of Workplace AUA managed by Asset Management, Private Markets Access Fund now over £3bn

Attractive sustainable capital returns

• Returning more than £5bn to shareholders over 2025-2027