Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

218.90p
   
  • Change Today:
      1.40p
  • 52 Week High: 256.30
  • 52 Week Low: 214.70
  • Currency: UK Pounds
  • Shares Issued: 5,895m
  • Volume: 11,007,123
  • Market Cap: £12,905m
  • RiskGrade: 166
  • Beta: 1.13

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend5.71p5.44p5.18p4.93p4.93p
Final Dividend14.63p13.93p13.27p12.64p12.64p
Total Dividend20.34p19.37p18.45p17.57p17.57p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 9,624.00 8,683.00 10,375.00 12,545.00 15,203.00
Operating Profit/(Loss) 542.00 1,229.00 2,926.00 1,804.00 2,425.00
Profit Before Tax 195.00 939.00 2,632.00 1,499.00 2,156.00
Profit After Tax 443.00 782.00 2,043.00 1,281.00 1,787.00
Discontinued Operations          
Profit After Tax n/a n/a n/a 290.00 23.00
PROFIT FOR THE PERIOD 443.00 782.00 2,043.00 1,571.00 1,810.00
Attributable to:          
Equity Holders of Parent Company 457.00 783.00 2,050.00 1,607.00 1,834.00
Minority Interests (14.00) (1.00) (7.00) (36.00) (24.00)
           
Continuing EPS          
Earnings per Share - Basic 7.35p 12.84p 34.19p 22.11p 30.53p
Earnings per Share - Diluted 7.28p 12.47p 32.57p 20.98p 30.36p
Earnings per Share - Adjusted 7.35p 12.84p 34.19p 22.11p 30.53p
Continuing and Discontinued EPS          
Earnings per Share - Basic 7.35p 12.84p 34.19p 27.00p 30.92p
Earnings per Share - Diluted 7.28p 12.47p 32.57p 25.60p 30.75p
Earnings per Share - Adjusted 7.35p 12.84p 34.19p 27.00p 30.92p
           
Dividend per Share 20.34p 19.37p 18.45p 17.57p 17.57p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Property, Plant & Equipment 433.00 326.00 316.00 274.00 298.00
Intangible Assets 550.00 512.00 433.00 68.00 64.00
Investment Properties 8,893.00 9,372.00 10,150.00 8,475.00 7,695.00
Investments 472,021.00 447,112.00 538,749.00 526,345.00 498,713.00
Other Financial Assets n/a n/a n/a n/a n/a
Insurance/Re-Insurance Assets 7,306.00 4,713.00 7,180.00 6,939.00 5,947.00
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a n/a n/a n/a
Cash at Bank & in Hand 20,513.00 35,784.00 16,487.00 18,020.00 13,923.00
Other Current Assets 885.00 802.00 n/a n/a n/a
Other Assets 11,494.00 14,649.00 9,323.00 10,444.00 34,096.00
Total Assets 522,095.00 513,270.00 582,638.00 570,565.00 560,736.00
           
Liabilities          
Insurance Contracts 91,446.00 78,214.00 89,825.00 89,029.00 77,881.00
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities 220.00 52.00 n/a n/a n/a
Borrowings 6,120.00 5,557.00 5,188.00 5,613.00 5,111.00
Provisions 365.00 1,096.00 1,489.00 1,495.00 1,485.00
Other Liabilities 419,160.00 422,818.00 475,193.00 464,462.00 467,166.00
Total Liabilities 517,311.00 507,737.00 571,695.00 560,599.00 551,643.00
           
Net Assets 4,784.00 5,533.00 10,943.00 9,966.00 9,093.00
           
Capital & Reserves          
Share Capital 149.00 149.00 149.00 149.00 149.00
Share Premium Account 1,030.00 1,018.00 1,012.00 1,006.00 1,000.00
Other Reserves 179.00 193.00 97.00 (273.00) 140.00
Retained Earnings 2,973.00 3,707.00 9,228.00 8,224.00 7,749.00
Shareholders Funds 4,331.00 5,067.00 10,486.00 9,502.00 9,038.00
           
Minority Interests/Other Equity 453.00 466.00 457.00 464.00 55.00
Total Equity 4,784.00 5,533.00 10,943.00 9,966.00 9,093.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities (14,244.00) 20,464.00 (169.00) 4,301.00 (3,285.00)
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (422.00) (226.00) 133.00 (457.00) 138.00
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (556.00) (1,033.00) (1,505.00) (29.00) (692.00)
Net Increase/Decrease In Cash (15,222.00) 19,205.00 (1,541.00) 3,815.00 (3,839.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 34.2 19.4 8.7 12.0 9.9
PEG - Adjusted n/a n/a 0.2 n/a 5.0
Earnings per Share Growth - Adjusted -43% -62% 55% -28% 2%
Dividend Cover 0.36 0.66 1.85 1.26 1.74
Revenue per Share 163.25p 147.29p 1.75p 211.55p 256.29p
Pre-Tax Profit per Share 3.31p 15.93p 0.45p 25.28p 36.34p
Operating Margin 5.63% 14.15% 28.20% 14.38% 15.95%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 34.2 19.4 862.0 9.9 9.8
PEG - Adjusted n/a 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted -43% 3,620% -99% -13% 0%
Dividend Cover 0.36 0.66 0.02 1.54 1.76
           
Dividend Yield 8.1% 7.8% 6.2% 6.6% 5.8%
Dividend per Share Growth 5.01% 4.99% 5.01% n/a 7.00%
Operating Cash Flow per Share (241.62p) 347.13p (2.83p) 72.53p (55.38p)
Cash Incr/Decr per Share (258.21p) 325.77p (0.26p) 64.33p (64.72p)
Net Asset Value per Share (exc. Intangibles) 71.82p 85.17p 176.03p 166.91p 152.21p
Net Gearing n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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